Tag Archive: banking

BNY Mellon’s Daniela Eder features in bobsguide PSD2 article on banks and PSD2

  In January 2018, all banks will have to be compliant with new PSD2 regulations. Daniela Eder, Cash Management Business Development Manager, Treasury Services, BNY Mellon, discusses the changes taking place and positive impact that PSD2 could have on the banking landscape. In the bobsguide piece, Eder is quoted as describing two factors that banks …

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News of Intellect signing 10-year deal with “Big Four” Australian bank, covered by specialist press

Intellect Design Arena Limited, a digital technology product provider across Banking, Financial Services and Insurance, has signed a 10 year deal with one of Australia’s “Big Four”, to implement its integrated trade finance, treasury and retail remittance solution for the Bank’s corporate and retail customers in one of its offshore regions. The solution encompasses a …

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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. …

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BNY Mellon’s Ross Jones discusses the fast-moving real-time payments environment in FX-MM

Real-time payment initiatives are gaining traction, driven by new technological developments, customer expectations and evolving regulatory requirements. A growing number of countries in regions across the globe have implemented, or are planning to implement, their own systems to facilitate instant domestic transactions. In FX-MM, Ross Jones, Product Line Manager, Global Payments, Treasury Services, BNY Mellon …

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ICC’s appointment of BNY Mellon’s Dominic Broom to Banking Commission committee covered by specialist press

BNY Mellon’s Global Head of Trade Business Development for Treasury Services at BNY Mellon has been appointed to the International Chamber of Commerce (ICC) Banking Commission’s executive committee. Dominic Broom’s appointment is part of a series of nominations by the Banking Commission to further strengthen its regulatory advocacy and rules of arbitration. He joins the …

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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 …

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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 …

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BNY Mellon’s Dhiru Tanna discusses the huge potential of blockchain in FX-MM

Blockchain, the distributed ledger technology that underpins bitcoin, is leading the financial industry’s technology revolution and has huge transformative potential. In FX-MM, Tanna examines the progress of distributed ledger technology – such as the growing involvement of regulators – and its potential with respect to smart contracts and risk mitigation. Furthermore, the article describes how …

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BNY Mellon discusses payment innovation in an AFP podcast

Speaking on an AFP Conversations podcast interview entitled “Blockchain, Faster Payments and More: How One Bank Navigates Fintech Innovation” BNY Mellon’s Chris Mager discusses the importance of payment innovation and his new role as Head of Global Innovation.   Emphasizsing that innovation is a priority in the current market, Mager discusses how BNY Mellon has …

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BNY Mellon’s Dominic Broom features in TFR’s roundtable discussion on how to reduce the trade finance gap

Due to increased compliance checks as part of heightened banking regulations, many banks are shying away from markets that might be regarded as “too expensive”. This has exacerbated an already large trade finance gap, which recent Asian Development Bank (ADB) figures quantify at US$1.6 trillion. In a TFR roundtable discussion which examines factors influencing the …

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