Wholesale / Commercial Banking Systems Insights

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

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

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

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

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

“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

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

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

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