Tag: bank-fintech collaboration

BNY Mellon’s Daniela Eder explains the effects of PSD2 on the payments landscape in FX-MM

Huge change is afoot in the payments space, as markets develop, customer needs evolve and technology capabilities advance. Concurrently, legislation must progress in order to remain relevant to the operating environment, and the introduction of PSD2 reflects the significant developments that have occurred in the retail payment market since the implementation of PSD1 in 2007. …

Continue reading

In The Paypers, BNY Mellon’s Ross Jones discusses the importance of collaboration in driving payment innovation

  With client demand for real-time services increasingly being met in domestic payments, the industry is turning its focus to applying similar capabilities to global payments. Indeed, in this globalised world, cross-border transactions are soaring, and creating real-time solutions for payments – irrespective of location – has become a key priority. In order to achieve …

Continue reading

BNY Mellon’s Daniel Verbruggen considers the value of bank-fintech collaboration in FX-MM

Technology is fuelling unprecedented levels of change in the payments industry. Banks are required to navigate expanding digital capabilities, evolving client and regulatory demands and, due to the growing influence of fintech companies, an increasingly competitive market. In respect to this, banks – and the industry as a whole – are increasingly recognising that it …

Continue reading

BNY Mellon’s Bana Akkad Azhari discusses how banks are working together for an enhanced payment experience in FX-MM

Fintech innovation is transforming the payments landscape, and as technology continues to evolve, the need to enhance the cross-border payment experience is becoming ever more evident. Indeed, the existing infrastructures in place are far from optimal. Typically taking three-to-five days to settle, cross- border payments are falling short of modern-day expectations. Writing for FX-MM, BNY …

Continue reading

BNY Mellon’s Diego Ortellado discusses how Latin American banks can leverage new digital opportunities by engaging with fintechs

Fintech is triggering a monumental shift in the payments space, bringing new capabilities that are enhancing the transaction experience and fuelling client expectations for better, faster and more innovative solutions. Yet, while fintech start-ups have been able to make a mark in the retail business, successfully launching innovative solutions on the corporate side – where …

Continue reading

BNY Mellon’s Bana Akkad Azhari discusses fintech in the Middle East

In an article for the American Lebanese Chamber of Commerce, BNY Mellon’s Head of Treasury Services, MEA and CIS, discusses how technology innovation is changing the landscape of finance in the Middle East. Azhari notes that, while the Middle East has been somewhat slower to explore some of these opportunities than other parts of the …

Continue reading

ICC’s Doina Buruiana discussing the global shortage of trade finance in International Banker

In the latest edition of International Banker, Doina Buruiana, Project Manager at ICC Banking Commission, discusses the various ways to address the global shortage of trade finance. In particular, with slowing trade growth and 61% of respondents to ICC’s 2016 Global Survey reporting a global shortage of trade finance, the industry needs to find ways …

Continue reading

BNY Mellon features in EMEA Finance correspondent banking article

Providing services across borders can present significant challenges to transaction banks operating in the EMEA region. In EMEA Finance, Dominic Broom, Head of Treasury Services EMEA at BNY Mellon, describes the obstacles that banks face and the importance of maintaining a thorough understanding of all legal and regulatory specifications in the countries involved in order …

Continue reading

In Banking Technology’s Sibos edition, BNY Mellon’s Anthony Brady explains the importance of collaboration for enhancing global payments

Fintech companies dedicated to the renovation of outdated payment systems using cutting-edge technology have emerged across the globe. Whilst initially banks viewed fintech with trepidation and uncertainty, increasingly banks are embracing the “fintech revolution”. In Banking Technology, BNY Mellon’s Anthony Brady (Global Head of Business Strategy and Market Solutions, Treasury Services) discusses how banks are …

Continue reading

Banks must become the “engine room” driving digital change says BNY Mellon in Cash & Trade

Technological transformation is occurring across the finance world, with digitally-driven enhancements making transactions and processes increasingly efficient, transparent and accessible. Fintech companies equipped with real digital creativity initiated this sea of change, but can these new market entrants continue to drive industry developments? BNY Mellon’s Anthony Brady (Global Head of Business Strategy, Market Solutions and …

Continue reading