What the EU’s Instant Payments Agreement Means for Corporates
Following the EU’s provisional instant payments agreement, Laurent Descout, Founder and CEO of TMI Innovation Lab entrant Neo, takes a closer look at the legislation, exploring its implications for corporates. The European Council and European Parliament struck a provisional agreement towards the end of 2023 requiring all payment service providers (PSPs) operating in the EU […]
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 […]
The Need for Speed
How Treasurers are Making the Most of Instant Payments Instant payments is a topic that receives plenty of coverage, often under the assumption that everyone wants and needs it. Is this really the case for treasurers, and if so how and where does it fit? TMI spoke to Louis-David Rouyer, Deputy Head of Payments and […]
No Looking Back: Digital Payments and Real-time Transactions for All
Real-time technologies are not intended as stand-alone tools, they require an ecosystem of complementary processes and systems to really reap their benefits. TMI seeks best practice guidance from Bank of America experts, Aziz Parvez, Head of Corporate Treasury Sales, Asia Pacific, Global Transaction Services, Sunil Bhatia, Head of Payments and Bank Transformation, Asia Pacific, Global […]
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 […]
Account-to-Account Payments Place Treasurers at the Heart of the Digital Payments Revolution
With non-cash payments on the rise, a jump in e-commerce business models, and real-time payment clearance systems increasingly prevalent, innovation is thriving in the retail payments space. A recent TMI webinar explored account-to-account payments to analyse how they can help treasurers support the digital transformation of their organisation. The retail payments arena is in the […]
It’s Now or Never: Keeping Pace with Real-Time Payments
Treasurers in business-to-business (B2B) sectors can no longer write off real-time payments as ‘only fit for consumer industries’. Value limits are increasing and usage is trending upwards [1] [2]. What’s more, innovation is bringing added value – ranging from request-to-pay to confirmation of payee services and embedded real-time foreign exchange solutions. Two experts from Barclays […]
Marketplace Heroes
How Treasurers Can Keep the Cash Flowing Freely Online marketplaces are increasingly seen as one of the most effective ways of leveraging customer and seller relationships. A successful ecosystem requires the provision of a seamless experience for all, creating both challenges and opportunities for treasury, says Basak Toprak, Head of eCommerce solutions in EMEA, J.P. […]
Brexit Driving Euro Transaction Fees Skyward: Time to Re-negotiate?
Since Brexit, banks have been charging customers to deposit euros into their euro accounts in London, forcing costs to soar. TMI asks an industry expert why this is happening and what can be done about it. Businesses have been used to paying low fees for their European banks to transfer euros to their euro accounts […]
New Europe Awakens: A Fresh Look at Post-Brexit Treasury
Despite the challenges, the UK’s departure from the EU is an opportunity for corporates on both sides of the channel to re-engineer treasury workflows, overhaul legacy processes, and revamp treasury models. Andrés Baltar, Head of Europe, Corporate Banking at Barclays and Daniela Eder, Head of Payments & Cash Management Europe, Barclays, share up-to-the-minute insights on best […]
SEPA Direct Debit Volumes and Value Hit Hard
By Dennie Servranckx, Senior Product Manager Receivables, BNP Paribas SEPA Direct Debit (SDD) is relied upon by many businesses for a predictable, inexpensive and easy means of receivables while offering an unmatched level of control. The instrument allows the collecting entity to determine the collection date, amount, reconciliation references and frequency and is therefore used […]
Why Corporate Finance Teams are More Than Bean Counters
The fluctuating energy market creates a finance environment like no other. As a result, heads of finance in this industry must be well versed in the market and able to consistently and effectively plan for changes at the same time as overseeing payment transactions and delivering financial reports. Here, Simon Reynolds, Head of Finance at […]
Rewriting the Treasury Rulebook in Europe
Deutsche Bank has consistently differentiated itself from other transaction banks by driving industry initiatives and new client solutions. In 2019, the bank helped corporate treasurers to embrace real-time treasury operations and worked with industry bodies towards harmonising cross-border payments. These achievements, among others, make Deutsche Bank the hands-down winner of TMI’s 2019 Award for Best […]
Only Collect: Digital Solutions Make the Difficult Things Simple for FCA Bank
While the uptake of sweeping initiatives, such as SEPA Instant Credit Transfer (SCT Inst) and SWIFT gpi, tends to grab all the headlines, there remain a number of other pain points for banks and corporates that can be addressed only through close dialogue between both parties. Let’s take credit collection as an example. This is […]
Instant Payments and gpi: A Story of Interoperability
The payments sector has made huge strides in recent years. In Europe, the introduction of instant domestic payment services such as SCT Inst and TIPS has stoked demand for faster payments beyond Europe’s borders. While SWIFT gpi has moved us closer to meeting this demand, there is still work to be done – starting with […]
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 […]
Demystifying Digital Treasury – Lessons from the UAE
Knowing which technology innovations to invest in now, and which to put on the back burner, is a challenge for any treasurer. But it is particularly difficult for those operating in the United Arab Emirates (UAE), where the real-time digital infrastructure is still developing, and paper-based payment methods remain popular. There’s no doubt that 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. […]