5072 Results from /payments
Gary Wright Analyst at BISS Research
Now e-invoicing is not really a name on anyones lips but at EBA Day we heard that perhaps it should be. The session was not vastly populated but us hardy soul were perked up by the hot lady from Swed Bank livened everything up by demonstrating how her Bank have been providing e-invoicing since the mid nineties. It's now a big revenue earner and pr...
15 June 2011 /payments EBAday
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
An ongoing squeeze on budgets, combined with unprecedented levels of external scrutiny of both operations and performance, has created a situation in which improving the cost base has become paramount for most banks. Nonetheless, cost cutting need not be an insurmountable obstacle to innovation. Indeed, it may be a key driver of it. The new market...
15 June 2011 /payments /wholesale
Retired Member
Part of the first session at EBA Day focused on the new entrants to the market, E-Money Institutions (EMI) and Payment Institutions (PI), facilitated by the introduction of the EU Payment Services Directive (PSD) and E-Money Directive. With both directives encouraging competition and opening up the markets to new entrants it is not surprising to le...
It's really strange to hear so much about competition at EBA Day from organisations that appear scared. SEPA is as much a process of change as it is about change. Banks for years have been expert in slowing down anything that threatens their bottom line and in SEPA they have been active in a non active way in slowing down volume to protect their b...
Matt White North America editor at Finextra
It was encouraging to hear a strong commitment to the Sepa ‘project' from EBADay's keynote speaker, Soledad Nunez from the Treasury of Spain. A lack of political will is often cited as a factor in the sluggish adoption of Sepa credit transfers and direct debits so Nunez's unequivocal backing is welcome. What's more, the Spanish central government'...
SEPA has being having such a difficult birth, but EBA Day has highlighted that the Spanish are showing the way The presentation by Soledad Nunez, General Director of the Treasury and Financial Policy, Treasury of Spain showed how governments can lead the way with a quite staggering, 100% SEPA central government payments. In a lunchtime debate seve...
The theme of this years EBA day was 'Advancing Thought Leadership' and it was refeshing to hear the welcoming speech from the chairman of EBA stressing the importance of banks in taking a more proactive role. The need to be at the forefront of change and to explore and take a risk in leading innovation rather than standing back. A view which I wh...
SWIFT have been making lots of noise about getting corporates connected to their network. Sounds good and with SWIFT lite they appear to have a solution which has a cheap user charge for small or medium corporates however, costs are there and can be considerable. Firstly connecting to SWIFT lite by integrating to whatever legacy treasury system is ...
With EBAday starting tomorrow in Madrid, I can't help thinking that one of the main topics of discuss will be around innovation. Whether it is bringing new products to market or offering existing services at a lower cost, innovation in wholesale banking payments is now an important aspiration. Innovation is often seen as the means by which banks m...
14 June 2011 /payments /wholesale
Regulators globally have expressed mixed feeling on banks and financial institutions (FIs) moving into cloud computing. The top of the list concerns are security and data privacy. There are a lot more though. The recent data breaches and data theft will in no way improve on this thinking. While it is quite understandable, it is not a good trend. T...
13 June 2011 /payments CLOUDFinance
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