John Bertrand

John Bertrand

MD at Tec 8 Limited
Message Message me Posts: 36 Comments: 4
Bio Working with large banks and FinTech companies to provide banking with business solutions for the digital age across transactional banking. Covered many aspects of banking including FX, MM, payments, real time activities including liquidity. Holistic reviews of cash management for bank and client, both retail and business, direct corporate ERP bank linkages and Open Banking/PSD2. (Please see 'A Step by Step Approach' to Open Banking and You'. ( Includes the new technologies (Blockchain), digital money (cyber currencies) and security against cyber-crime. Career History Extensive expertise and management in banking and technology, from both bank and IT supplier experience: Citi, Misys (Finastra), FIS global, SAP and Cognizant.


Banking Strategy, Digital and Transformation

Global trends for Faster Payments

21 Aug 2023

The trends emerging with Instant Payment Systems are: 1. Increasing in-country systems being released and promoted The latest major country to introduce instant payments is the USA. The Federal Reserve switched on their instant payment program called FedNow in July 2023. Starting out with 35 banks and credit unions and FedNow is planning to add...

Banking Strategy, Digital and Transformation

APP Fraud: UK Government and UK Supreme Court at odds: what shall we do as scams jump 24%?

12 Aug 2023

In June the UK Government gave royal assent to allow the Payment System Regulator (PSR) to mandate reimbursements for scam victims. Consumer and small enterprises (<£5 million revenue) are to receive the refunds in 5 working days. Costs to be split 50/50 between the Payer and Payee Banks. In addition, Bank/Payment Service Provider (PSP) must h...

Banking Strategy, Digital and Transformation

Supreme Court, July 2023, only where validity of instruction is unclear bank to use Duty of Care

16 Jul 2023

Under the new ruling, when a bank receives a valid payment request with no room for interpretation or choice, the bank must execute the order. That means if the owner of the bank account authorises a clear payment instruction to the bank it has to be paid. The emphasis is clearly on the payer knowing the payee. In 2022 UK APP fraud was £500 milli...

Payments strategies 2015-2020-2030

Instant cross-border payments, with G20 recommendation, are coming.

09 Jul 2023

A superb discussion at EBAday 2023 was on the move to real-time cross border payments everywhere. Movement from next day payment delivery into the bank account to within an hour to become the new norm. “The G20 proposed standard of 75% payments made within 60 minutes.” The G20 standard coupled with the EU are mandating instant euro payments by year...

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