Row 1 - Latest/Ad/Opinon/Ad
Row 1 - Latest/Ad/Opinon/Ad
Fintech: Latest
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Corporate treasurers – inspired by the Web 2.0 applications, tools and widgets employed in their day-to-day lives – are demanding a higher standard of user experience from their transaction banking platforms. Banks must upgrade their systems and interfaces to keep pace.
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Umpqua Bank in Portland, Oregon, has succeeded in making bank branches profitable. It is now the largest community bank on the US west coast. CEO Ray Davis talks of giving customers an entirely different experience. How far can he go?
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Banks that are desperate to reduce costs are cutting their IT budgets across the board, but the one growth area for technology vendors is in compliance systems. The rapid speed and growth in the number of global transactions combined with a growing number of watch-lists have caused banks’ operational costs for sanctions compliance to sky-rocket.
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The arrival of electronic bank account management (eBAM) is awaited with great anticipation by corporate treasurers around the world. The prospect of automating the opening and closing of accounts, as well as changes to signatory information, has attracted substantial interest among corporate treasurers. However, with Swift’s eBAM Central Utility initiative recently shelved, plenty of technical challenges remain.
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Citi is banking that its global footprint and strong corporate relationships will ensure transaction services remain a growing source of revenue in an otherwise challenging period for its other businesses. Technological innovation will help the bank adapt to shifting market and client demands, the bank’s top transaction banker tells Euromoney
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Cash management banks are having to adapt their business models to face tough economic realities, regulatory imperatives, technological innovations and the ever-growing expectations of their clients, writes Laurence Neville.
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Visibility and control are crucial for the treasury, while the pressure to reduce costs, improve efficiency and enhance resilience remains great. In response, banks and technology firms are innovating in areas from connectivity to bank account management, writes Laurence Neville.
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Two issues dominated payment systems during 2012: the switch to Single Euro Payment Area (SEPA) instruments and the rapid evolution of online – and especially – mobile technology, which will have significant implications for payments, reports Laurence Neville.
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Everyone’s talking about cloud but, thus far, the adoption of this transformational technology has been hindered by regulatory and security fears. Nevertheless, the cloud will have a crucial role to play in the world of transaction banking in the years ahead.
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A new payment instrument could be about to transform global trade – but are banks and corporates prepared?
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The appeal of the transaction services industry for new talent has never been higher, as high-impact, pejoratively dubbed 'casino' investment banking job opportunities vanish. Technologic nous and an ability to navigate new client demands – amid market and regulatory shifts – are key skills that budding transaction bankers must develop to make their names in the industry.
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Last week, the Payments Council announcement that the UK banking sector is building an industry-wide mobile payments service, which will enable customers to transfer money as easily as sending a text. But will this service benefit businesses as well as individuals? And how much progress have banks made in delivering mobile banking services to their corporate clients?
