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Davide Girompini, Global Leader Payments and Transaction Services, IBM, discusses how real-time payments analytics will be one of the most competitive environments for banks and corporates for the next five years.
Physical supply chains have been always considered generators of costs, so techniques and practices to analyze data to improve operational execution and cost efficiencies have been well developed over time: total quality management, just-in-time inventory
management, lean manufacturing, and kaizen are but a few of the management weapons in every supply chain manager’s arsenal. The same cannot be said for financial supply chains (FSC), of which payments represent a significant part. Until the 2008 financial
crisis financial institutions mainly focused on reducing internal back office inefficiencies, giving superficial consideration to the financial flows exchanged with corporate users. On their side, corporate users did not pay overly attention because the relatively
easy access to finance would offset any necessity for improvement. That left FSC processes very underdeveloped, with poor information sharing between buyers and suppliers, old-fashioned static payment and discounting terms, and largely manual pricing negotiation.
In my opinion this video nicely anticipates the next trends in how the optimization of FSC processes (starting with payments) will develop over time.
Payment analytics enables new new value added revenue producing services, improved productivity, lower risk related losses and higher customer satisfaction via
1. Delivery of better customer and market insight
2. Risk rating improvements for you and your clients
3. Better delivery of liquidity management information to clients and the bank
4. Enable improved sales and servicing efficiency
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Guillermo Gomez del Campo, Executive President, Prestanomico, speaks at The Temenos Community Forum in The Hague about the latest developments in digital banking in LATAM, why LATAM needs digital banks, how digital banks are pushing the boundaries of services and products to customers, and how this sector will evolve in the near term.
Derek Corcoran, Chief Experience Officer, Temenos, speaks at The Temenons Community Forum 2019 in The Hague about digital trends in front office business functions, how financial institutions are responding to the demands of consumers and what business models are best suited to meet these demands.
Alex Twigg, Co-Founder, Judo Capital, speaks at The Temenos Community Forum 2019 in The Hague about how a neo bank like Judo differentiate their offering compared to incumbents in Australia, what drove the of launch this challenging bank and how to change the way financial services are delivered.
Mr Thairu Ndungu, Deputy Managing Director, Consolidated Bank of Ghana, speaks at The Temenos Community Forum 2019 in The Hague about banking developments in Africa, the challenges and opportunities for banks and fintechs around digital, and how technology is helping.
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