Global Payments & Transfers Insights

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Payments errors hitting firms’ bottom lines

25th September 2020

Organisations in every sector are under pressure to do more with less in today’s current landscape. The uncertainty around the pandemic has meant businesses cannot afford to miss opportunities to free up their capital. This means it’s become imperative companies to find growth, streamline processes, save money, enhance service levels... read more
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Reconciliation software demand shakes up fintech partnership ecosystems

22nd September 2020

Company: ReconArt, Inc.
By definition, corporate process optimisation propelled by digital transformation is a continuous effort. Technology innovation, pressure to stay ahead of the competition, and evolving customer needs demand enterprise act. Despite potential internal resistance, doubts and concerns about taking the leap forward, the real challenge is to stay... read more
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Reconciling for the payments industry: when money is the commodity

8th September 2020

Company: ReconArt, Inc.
The payments industry has undergone drastic changes in the last decade, making reconciliation critical to cope with huge volume, abundant data sources and a growing number of players involved in each individual transaction.   Yet what remains unchanged is the essence – payments are still about transactions, about making sure everyone... read more
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Pandemic sees '10-year' jump in new payment methods

7th August 2020

Company: bobsguide
Mobile and other "alternative" payment methods have seen explosive growth since the start of the pandemic - with many in the industry expecting that trend to continue after the immediate crisis subsides. “We’ve seen two major things: one is the massive acceleration of adoption of both online payments and mobile payments in... read more
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Liquidity key to future-proofing businesses

28th July 2020

2020’s economic downturn has established the importance of planning around cash visibility and liquidity, according to fintech software company Serrala. “While cash is king, information is queen,” Bart Parren, senior vice president for solution transformation at Serrala, said via email. “In many cases, working capital... read more
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How do FIs migrate to ISO 20022, hit deadlines and create opportunities?

27th July 2020

Company: Bottomline
In 2004 it was decided that the previous format of SWIFT’s message type (MT) wasn’t going to be ‘fit for purpose’ for the evolving demands of ambitious payments innovation, and so a new standard was needed. When MT was first created, payment messages didn’t have to carry a large amount of high-quality, expensive data.... read more
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Lawyer questions UK government's Future Fund

15th July 2020

The pandemic, though primarily a human tragedy, is wreaking havoc on jobs and economies globally. In the UK, SMEs make up 98 percent of private sector businesses, and employ more than 16 million people. Evidently, small businesses and startups will be a vital part of the UK’s economic recovery as we emerge from the pandemic, usually... read more
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Business analytics joins forces with reconciliation solutions for efficient decision making

13th July 2020

Company: ReconArt, Inc.
The rush for data insights follows the Olympic motto – swifter, higher, stronger. Admittedly, information is the most valuable commodity in times of fast and dynamic changes so it is being gathered meticulously, bought and sold, stored and exchanged, processed and consumed. In the corporate world this perception has nurtured the big data... read more
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People increasingly look to digital P2P platforms to enable social distancing

7th July 2020

Company: MasterCard
It might feel like a lifetime ago, but think back to the last time you visited a restaurant with friends. How did you split the bill? Multiple cards and scribbled math to calculate how much everyone owed? Was it a mix of some paying cash and others using cards? Did you have to sit and wait for change? Even before the pandemic, many people had... read more