Cash & Liquidity Management
Published  8 MIN READ

Payments Compliance

The Benefits of an ‘INQUIRO’ Mind

In recent years, payments compliance has become increasingly onerous for corporates due to a proliferation of regulations, growing international sanctions, and the speed at which money now moves around the globe. Vincent Calderara, Senior Project Manager, BNP Paribas, explains how the bank’s innovative and highly regarded ‘INQUIRO by BNP Paribas’ platform is helping treasurers avoid many of the headaches associated with payments processing.

Rapid digitalisation coupled with the growth of instant payments have transformed how consumers, corporates and financial institutions engage with the global digital payments landscape. They can now transact much faster, more efficiently, and at volume. The pace of development in this space, however, has also sparked interest from regulators, most notably around the potential for financial crime, such as fraud to proliferate. Sanctions violations are also a mounting concern with money moving at breakneck speed.

INQUIRO by BNP Paribas has gone from strength to strength. We continue to invest in its development to keep pace with regulatory and technological change, as well as the needs of end users.

Not surprisingly, regulators and supervisory bodies have looked to address those apprehensions by rolling out new regulations and guidelines, as well as adding to sanctions lists. In turn, this has meant more onerous payments compliance processes for corporates. And with treasurers already stretched across multiple facets of the organisation, this additional burden is proving challenging for many.