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Many are aware that FATCA is perhaps the broadest and most complicated international tax code ever written, designed literally to “span the globe.” FATCA requires all foreign financial institutions to...
Present Situation After tracking this metric for 22 years, regarding core processing among small banks and credit unions (87% of the U.S. financial institutions population), when a trend-breaker appea...
Lowering the barriers to corporate client on-boarding? Transaction banks only offer host-to-host channel banking services to their largest clients (one billion dollar plus turnover is regularly cited ...
The next 20 years will see the world go from 20,000 “analog” banks to no more than several dozen “digital” institutions. -Francisco Gonz...
With its aim of increasing transparency around execution quality, under the current draft technical standards MiFID II will require investment firms to provide an annual execution quality report that...
The UK’s retail spending in the first three months of 2015 was 2.8 percent higher than the same period last year earlier. But despite the rosier outlook, consumers’ trust in the banking industry is y...
If they have not already started, Domestically Significant Investment Banks (D-SIBs) should start working on their BCBS239 compliance strategies immediately if they are to avoid the difficulties exper...
Although most news stories today, unfortunately, tend to be negative, every once and a while there is positive news so compelling that it is worth highlighting in a blog. This post describes the re
Delivering a positive client experience is becoming increasingly important for payment providers, especially in light of growing competition from challengers. SLA breaches, or ineffective management ...
The total number of UK charitable donations made by Direct Debit rose to a record breaking 60 million in 2014, according to data from Bacs Payment Schemes, with values exceeding £1.21 billion, a ris...
Understanding who your customers are, what they can afford and how best to communicate with them are essential best-practice principals in any good collections set up. Treating customers fairly is no...
Trading volumes in exchange-traded derivatives (ETDs) continue to rise (up 30% from pre-crash volumes). But at the same time many firms have failed to make a corresponding investment in their post-tr...