The Empire Strikes Back: New Revolution in Payments
The Single Euro Payments Area (SEPA) is an integration initiative that is the cornerstone of Europe’s efficient financial market. It comprises 36 countries, including several that are not members of the EU. SEPA enables financial transactions (both in cash and without a physical currency) without barriers. Its benefits regarding the ease of doing business across […]
Keeping all the Plates Spinning
15 Critical Regulatory Changes for European Treasurers Much like the sound of thunder follows a fork of lightning, financial regulation tends to follow a crisis. With European treasurers still adjusting to the post-Covid reality coupled with war in Ukraine, the volume of regulatory updates to understand and implement could be daunting. Fortunately, a new project […]
Read more about Kingfisher France Targets Big Baskets with BNP Paribas’ Unique A2A Payments SolutionKingfisher France Targets Big Baskets with BNP Paribas’ Unique A2A Payments Solution
When Europe-wide retailer Kingfisher Group wanted to find a way for higher-spending customers of its Castorama and Brico Dépôt retail home-improvement outlets in France to pay for their goods, BNP Paribas responded with a unique instant Account-to-Account payments solution. Antoine Leclercq, Cash Manager, Castorama France, and Saïd Ouastani, Global Cash Management Relationship Manager, BNP Paribas, […]
How Corporates Can Step Out of the Shadow of Consumer Banking
Businesses are being left behind as many banks continue to focus on the consumer market. Laurent Descout, CEO at TMI Innovation Lab entry Neo, argues that it is time for treasurers to look beyond the traditional corporate banking model. Banks’ investment into systems has mainly been focused on the needs of consumers, with limited consideration […]
Treasury First – 20 Years of the EACT
As the European Association of Corporate Treasurers (EACT) celebrates its 20th anniversary during 2022, it is an appropriate moment to reflect upon its journey from being a group of professionals largely concerned with their own national concerns, to the visionary, receptive, and respected organisation it is today. The first associations of corporate treasurers in Europe […]
Open Your Eyes to the Benefits of Open Banking
An untapped opportunity is a rare prize in the corporate treasury community, but open banking offers this potential. By leveraging the digital infrastructure that open banking creates, corporates can harness real-time data, benefit from new ways to pay and collect instantly, and ultimately leverage the evolving digital ecosystem to improve process- and cost efficiency. In […]
Regulatory Round-up with the EACT
The European financial regulatory environment is one of the most homogenised in the world and yet it still forces corporate treasurers to stay constantly alert for local nuances, revisions and wholesale changes. With the current European Parliament’s term running from 2019 to 2024, now is a good time to cast an eye over what is […]
Open Banking in the Middle East: Driving Adoption
Since 2018, when Open Banking was launched in the UK and Europe’s revised Payment Services Directive (PSD2) was implemented, regulators around the globe have embraced a shift towards innovation that, finally, is helping the end-consumer. Indeed, the spirit of Open Banking has been a catalyst for many initiatives in different regions. Open Banking has now […]
ION Treasury: Creating Real-World Opportunities for a Digital Future
Treasurers have much to gain from a co-ordinated programme of digitalisation. With some forethought and planning, the benefits of advanced technologies are there for the taking, says Michael Kolman, Chief Product Officer, ION Treasury. The real advantage of digitalisation comes when processes are executed within ecosystems of interconnected, interrelated applications. As the starting point for […]
The New Reality of Treasury
The role of treasury, and the corporate treasurer, has been evolving over the past decade. And there’s no turning back – pandemic or no pandemic, ‘the new normal’ is here to stay. The business landscape is being shaped not just by Covid-19, but by digitisation, rapidly changing technology, geopolitical unrest and regulations for everything from […]
E-Commerce and Strong Customer Authentication: Is Your Treasury Ready?
As corporations pivot towards digital business models to help weather the Covid-19 pandemic, regulation continues to shape the European payments industry. Treasurers must prepare for the changes that Strong Customer Authentication brings, while embracing the latest e-commerce strategies. Sara Savidge, Managing Director, and Colm O’Monacháin, Vice President, J.P. Morgan Wholesale Payments, explain the key steps […]
Are APIs Really Delivering the Goods?
The noise around APIs is particularly raucous in the financial services world, but are they delivering on the promise to bring a host of new products and services to end-users? TMI asks Sindhu Vadakath, Head of Global Digital Channels and Asia Payments Product Management, BNY Mellon, to assess progress. That said, the volume of chatter […]
Automating Transactional FX: Unlocking Efficiencies and Growth Opportunities
Prior to the coronavirus crisis, few corporates had thoroughly reviewed the way they processed their foreign currency payments. But with remote working and rapid digitisation, treasurers are starting to explore the benefits of automating their transactional foreign exchange (FX) workflows. Sat Khuntia, Head of FX Sales, Barclays Corporate, and Daniela Eder, Head of Payments & […]
Capturing Digital Transformation to Deliver Smarter Treasury in Ireland
Global digital transformation has kickstarted the Fourth Industrial Revolution, also known as Industry 4.0. For corporate treasurers, this represents a complete shift in approach to treasury processes, technology and, most importantly, talent. Alan DuffyCEO, HSBC Ireland HSBC’s recent Global Liquidity and Cash Management Forum, held in Dublin, Ireland, highlighted the technological advances that are revolutionising […]
Turning up the Heat: Treasury Transformation in Mexico
Mexico is now seen as a regional and global fintech hub with high growth potential. As the country embraces digital innovation, especially in the financial sector, treasury management is also poised to make a leap forward. Mexico now boasts one of the strongest fintech ecosystems in Latin America and is rapidly being recognised as a […]
Curating Treasury Services: Future Role of the Cloud TMS
The move to the cloud has dramatically reduced the cost of ownership for treasury management systems, enabling corporations to access technology and business solutions that were previously out of reach. And more is to come: by offering seamless integration with third-party systems, tomorrow’s treasury management system will give treasurers a single point of access to […]
SWIFT gpi: Life in the Fast Lane
By now, most treasurers will have heard of SWIFT gpi – the solution that is speeding up cross-border payments and delivering track and trace capabilities. But not all treasurers have grasped the game-changing potential of gpi, or that it isn’t just for treasury functions that are SWIFT-enabled. Christof Hofmann, Global Head of Payments and Collection […]
People in Focus: Aleksandra Filipowicz, Polish Corporate Treasurers Association
In 2017, the Polish Corporate Treasurers Association (PCTA) celebrated its 10th anniversary. We are extremely proud of the fact that all PCTA members and partners who have participated in its growth, achievements and successes for the last 10 years celebrated this special occasion together. PCTA has over 180 members from the largest Polish entities as […]
Emerging Technologies and Their Potential to Transform Transaction Banking
With technology developments occurring at a rapid rate, Christopher Mager of BNY Mellon Treasury Services, discusses some of the key innovations that are impacting transaction banking, and how knowledge is king when it comes to harnessing new capabilities. Many forces are driving significant change in transaction banking – from regulation, to the rise of the […]
Vive la Révolution: Shaking Up Payments and Cash Management
Driven by technological and regulatory change, the payments landscape is currently a hotbed of innovation. Deborah Mur, Head of Global Liquidity and Cash Management, HSBC France, highlights some of the latest developments – including a recent collaboration between HSBC and PayPal – and explains how corporate treasurers stand to benefit. She also outlines French corporates’ […]
Innovation, Co-operation and Client-Focus – Developing a Winning Tech Solution
Digitalisation is thrusting all areas of the transaction banking industry into uncharted territory and to make the most of the arising opportunities, banks must strike a delicate balance between competition and collaboration. As businesses adapt to an increasingly digital landscape, their needs are changing too – and banks must adapt their products and services accordingly. […]
A No-Nonsense Guide to Treasury APIs
Almost every industry conference now carries a mention of application programming interfaces (APIs), but they are far from just another fad. In this era of open banking, APIs are offering treasurers new ways of working, moving away from batch processing into a real-time environment, as well as facilitating more efficient payments, and delivering working capital […]
Treasury APIs: Adding Value to the Bottom Line
To some, application programming interfaces, or APIs, may just seem like another industry buzzword. In reality, however, they offer significant process efficiencies and strategic opportunities for treasurers – and represent an exciting digital future for the banking industry, says Tom Durkin, Head of Global Digital Channels, Global Transaction Services, Bank of America Merrill Lynch. Why […]