Wholesale / Commercial Banking Systems Insights

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Cross border payment innovation and regulation drive each other

14th February 2019

Company: bobsguide
Unheard of today, the New York & Mississippi Valley Printing Telegraph Company was founded in 1851. Five years later, the company was renamed Western Union. Arguably one of the first companies to transact across borders, Western Union tapped into its telegraph network to transfer money from one location to another. By 1872, cross border... read more
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Starling adds major new clients, ups investment pull

13th February 2019

Company: bobsguide
Starling Bank’s Julian Sawyer, chief operating officer has announced that three new clients have signed up to its banking services. The three new sign ups are PelicanPay (of Pelican Group), which provides compliance solutions, Telleroo, bulk payment processors, and Vitesse, the international payments provider and insurance pay-out. ... read more
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Libor Sonia transition “doesn’t need to be painful”

11th February 2019

Although firms have become wary of risks and significant costs as they begin to prepare for the transition from the London Interbank Offered Rate (Libor) to the Sterling Overnight Interbank Average Rate (Sonia) as the benchmark interest rate, the process of moving to the new rate doesn’t have to be as strenuous as many believe. That’s... read more
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Interconnection key in growing payments ecosystem

11th February 2019

Company: Equinix
Over the past few years, technological advances, regulatory changes and the introduction of a range of new market participants has driven efficiencies and opportunities across the payments world, but the fast-changing nature of the industry has created the need for systematic, forward planning. That’s according to Eleni Coldrey, business... read more
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Poor AML KYC leads to remediation projects on both sides of the Atlantic

6th February 2019

Company: bobsguide
Inadequate onboarding procedures have led to incomplete know your customer (KYC) compliance, and resulted in ongoing remediation projects to deal with the back log of accounts, according to Phil Masterson, senior vice president and managing director of SEI’s Investment Manager Services division. “We are aware of several remediation... read more
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ING’s Joyner: Leverage loan market margins higher now than six months ago

29th January 2019

Company: bobsguide
“If you look at the leverage market let’s say ‘correction’, margins are higher now than they were six months ago,” says Dafydd Joyner, director of syndicated finance at ING bank. “There is not a huge amount of deals out there, you’ve got three or four deals out there. Whether they are a new issuer or an... read more
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Payments world braced for change

28th January 2019

Company: bobsguide
The global payments landscape is changing. Digital transformation, new collaborative approaches between banks, fintechs and payments providers, and a changing regulatory environment are just some of the overarching themes impacting the sector. In association with Western Union Business Solutions, bobsguide is researching and producing the... read more
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What factors are reshaping global payments?

8th January 2019

The global payments landscape is changing. Digital transformation, new collaborative approaches between banks, fintechs and payments providers, and a changing regulatory environment are just some of the overarching themes impacting the sector. In association with Western Union Business Solutions, bobsguide is researching and producing the... read more
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2019: what to look out for in payments

21st December 2018

Company: bobsguide
In December, an entire track at Fintech Connect in London was dedicated to the idea of a cashless society. In it, Paul Rodgers, chairman at Vendorcom, said the market needs to be “really careful” when looking at countries like Sweden as exemplars of cashless societies. The cash debate, he added, has become something of a Punch and Judy... read more