20 February 2018
visit www.ebaday.com
« All videos

The need for payments analytics

28 May 2015 | 8244 views | 2

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.

Comments: (2)

Enrico Camerinelli
Enrico Camerinelli - Aite Group - Boston | 28 May, 2015, 14:32

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.

2 thumb ups! 2 thumb ups! (Log in to thumb up)
Gerard Hergenroeder
Gerard Hergenroeder - Payments Shark - Millersvile | 28 May, 2015, 18:42

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 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related company information

IBM Financial Services

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.ebaday.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11768 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9389 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9202 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7961 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7286 views comments | 19 tweets | 18 linkedin