25 November 2014

Matt White

Matt White - Finextra

85 | posts 285,665 | views 169 | comments

EBAday

EBAday is the annual event for European payments professionals run by Finextra in conjunction with the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on Sepa and new developments in payments processing.

How to make Sepa 'prettier' for corporates

30 June 2009  |  3225 views  |  0

So, Sepa is obviously a big deal for the banking delegates here at EBAday but the corporates in attendance are a little less enthusiastic.

Andreas Nestler, head of cash and treasury management at Austrian construction giant Strabag is certainly not in any rush to get it implemented. During the panel discussion on the corporate perspective on payments, Sepa elicited a shrug of the shoulders - if it happens fine but he's in no rush.

The problem is simple: there's no incentive for corporates to switch from legacy systems. The current arrangements may not be perfect but they're not bad and switching won't make life any easier or save money.

The technology costs involved are also a consideration, especially when times are tough. A question from the floor, posed by a tech vendor, asked if corporates couldn't use Sepa to improve their IT and therefore STP but Nestler didn't buy the argument.

The problem with trying to get corporates more involved is clearly a tough one and Nestler doesn't know how banks can "make the bride prettier".

This means, the panel all agree, a deadline for migration is essential - if you can't make the bride prettier you need grab the groom and march him down the aisle.

TagsPayments

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Matt

The future of fintech: Money2020 v BAI Retail Delivery

18 November 2014  |  4000 views  |  2  |  Recommends 0 TagsPaymentsInnovationGroupInnovation in Financial Services

Wonga bad, Zopa good?

06 June 2012  |  6027 views  |  3  |  Recommends 0 TagsRetail bankingGroupInnovation in Financial Services

f!?kberks

21 May 2012  |  4061 views  |  1  |  Recommends 1 TagsRetail bankingGroupCringeworthy marketing gallery

EBAday: a single migration end-date for Sepa?

16 June 2011  |  5056 views  |  0  |  Recommends 0 TagsPaymentsWholesale bankingGroupEBAday

EBAday: online payments - it's all about mobile

15 June 2011  |  5559 views  |  0  |  Recommends 0 TagsPaymentsGroupEBAday
name

Matt White

job title

North America editor

company name

Finextra

member since

2007

location

Toronto

Summary profile See full profile »
North America editor

Matt's expertise

What Matt reads
Matt writes about

Who is commenting on Matt's posts

Paul Schaus
Scott Mills