Global Payments & Transfers Insights
11th February 2020
The last twenty-four months have seen the publication of hundreds upon hundreds of articles decrying the lack of impact that Open Banking has made upon the finance sector or for the consumer.
Even those supportive of Open Banking continue to limit their horizons to some of the challenger banks or apps such as Moneybox or Money Dashboard which... read more
10th February 2020
Invisible liquidity is unmanageable liquidity. This inconvenient truth remains as valid today as it has ever since the discipline of liquidity management first emerged. Furthermore, while it may be widely-acknowledged, it certainly isn't widely-resolved. The number of global multinationals who can honestly claim that their treasuries have 100... read more
23rd January 2020
Card schemes will control all payments in the next 10 to 15 years, according to a panel of payments advisors at the Westminster Business Forum’s Payments policy and regulation conference today in London. The panel, which also included spokespeople from Visa, UK Finance, and Lloyd’s Banking Group, discussed the transition of the... read more
9th January 2020
Mid and lower tier US banks could find it difficult to run a third batch process within a business day to accommodate an additional same-day Automate Clearing House (ACH) settlement window, according to the head of global payments at a tech vendor.
“I think it is the tier three, four, and five banks that will go, ‘wow,... read more
5th December 2019
After more than a decade of intensifying regulatory scrutiny, and calls for greater transparency across financial markets, it is striking that so many capital markets participants are still mired in compliance-related IT and data complexity without an end in sight. Ultimately, this is because they have not solved some fundamental trade data... read more
3rd December 2019
I’ve just returned to the UK after a week in New York where I was able to test the latest thinking and progress on intraday liquidity in the US and Canada.
Here I provide six reflections on how firms are addressing the intraday challenge - keep reading to the end as reflection six explains how the Federal Reserve is increasing the intraday... read more
14th November 2019
Corporate treasurers are experiencing more payments volume than ever before, with billions of transactions executed daily across a variety of channels, currencies, and countries. Enhanced formats are emerging at lightspeed, and organizational structures are shifting with buyouts/expansions and the adoption of multi-system environments.
The... read more
13th November 2019
Technology continues to progress at breakneck speed. At the same time, regulations imposed by national and supra-national bodies are introduced very slowly. This leads to a lag in which technology can impact without there being ample regulatory safeguards in place. We see this across industry, with questions asked on an ever-increasing frequency:
... read more
7th November 2019
The payments industry is reaching saturation point with blockchain initiatives, according to the head of oversight division at the European Central Bank (ECB).
“You have [blockchain] developments, if they are integrated into an existing service, existing infrastructures, it is incremental,” said the ECB’s Klaus Löber on a... read more