Tag: bank-fintech collaboration

The power of SWIFT gpi: BNY Mellon’s Monika Aminiova examines the potential for the initiative to revolutionise the payments industry in bobsguide

Writing for bobsguide, BNY Mellon’s Monika Aminiova, Cash Management Business Development Manager, Treasury Services EMEA, gives a rich overview of the developments within SWIFT’s rapidly expanding global payments innovation (gpi) initiative and a perspective on its future. The initiative has already helped to transform the speed, transparency and traceability of the traditional end-to-end cross-border payments …

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BNY Mellon’s Sindhu Vadakath discusses the arrival of open banking in International Banker

In a commentary article for International Banker, Sindhu Vadakath, Senior Product Manager, Global Payment Services and Asia Payments, Treasury Services, BNY Mellon, takes a look at the introduction of the Second Payment Services Directive (PSD2) and the impact it will have on the core of traditional banking. PSD2 requires banks to share their closely guarded …

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BNY Mellon’s Carl Slabicki examines the questions surrounding open banking in Global Banking & Finance Review

Writing for Global Finance & Banking Review, BNY Mellon’s Carl Slabicki, Director, Immediate Payments, Treasury Services, takes a candid look at the arrival of open banking, and what it could mean for the banking industry. As part of PSD2, financial institutions are now required to share client data with third party payment providers such as …

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Crown Agents Bank appoints new Head of Global Markets

In its latest move, Crown Agents Bank has appointed David Bee in the newly created role as Head of Global Markets. David joins from Lloyds Banking Group, where he served as Head of Offshore Financial Markets & Institutional FX Sales. He has previously held senior positions at Citi, Deutsche Bank, and Standard Chartered. “It’s exciting …

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UniCredit’s Luca Corsini and Jan Kupfer in TMI interview on the drivers behind the transaction banking digital revolution

The transaction banking landscape is undergoing a dramatic transformation. With new technologies such as SWIFT gpi, instant payments, and blockchain bringing a host of improvements and new possibilities, Jan Kupfer and Luca Corsini, Global Co-Heads, Global Transaction Banking at UniCredit, discuss the latest trends, their likely impacts, and how the industry can draw together to maximise the …

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In Trade Arabia, BNY Mellon’s Bana Akkad Azhari discusses how fintech can drive financial sector growth in the Middle East

  Technological innovation is changing the face of finance. In recent years fintech investment has reached new highs across the North America, Asia, and Europe. Now, fintech is gaining recognition across the Middle East – bringing with it the promise of enhanced efficiency, security and transparency. Moreover, banks in the region are propelling digital developments …

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BNY Mellon’s Bana Akkad Azhari discusses how bank-fintech collaboration is creating opportunities for trade in the Middle East in Cash and Trade

Recent years have heralded a new, dynamic “fintech era”. Global investment in fintech has skyrocketed in recent years, yet, the vast majority of fintech investment originates from other regions, with the Middle East only accountable for 0.1% of the global total in 2016. However, fintech companies are increasingly looking at how new innovations can improve …

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In Banker Middle East, BNY Mellon’s Bana Akkad Azhari considers fintech’s potential to transform the region’s financial landscape

Global fintech investment is soaring, nearly doubling to US$23.3 billion in 2016, from US$12 billion in 2014. Yet, the Middle East currently lays claim to just 0.1 per cent of this. Nevertheless, fuelled by the growing influence of a millennial population and rising expectations for efficiency, transparency and accessibility, fintech initiatives are rapidly gaining purchase …

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UniCredit’s Jan Kupfer and Claudio Camozzo on bank-fintech collaboration in Finance Digest

With banks and fintechs both bringing a raft of new innovations to the industry, how these two parties co-exist in today’s environment remains a key question. While some banks may have seen fintechs as a threat, many are now trying to learn from their innovative mindsets and agile setups. Collaboration is now being viewed as the preferred approach, with banks …

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