Tag: innovation

What do companies want from their banking experience? Commerzbank’s Ingrid Weisskopf and Rainer Wolff explain in Trade & Forfaiting Review

Increasing digitalisation and innovation continue to raise corporates’ expectations when it comes to providing banking services – and payments infrastructure is no exception. Ingrid Weisskopf, head of cash products and advisory FI at Commerzbank, and Rainer Wollf, vice president of product management cash services at the bank’s Innovation Lab, explain just how high the benchmarks are …

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Commerzbank’s Christian Hoppe stresses the value of nurturing fintechs in Euromoney

Banks have not been blind to the rise of financial technology (“FinTech”) start-ups, nor has their approach to the new upstarts been completely characterised by competition. On the contrary, many banks have been encouraging the industry’s growth – setting up “FinTech labs” to nurture start-ups’ expansion for mutual gain. In a new report for Euromoney, …

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Deutsche Bank publishes new guide to EU Payment Services Directive 2

Banks and payment providers will need to adapt their systems and processes to comply with the requirements of the new EU Directive on Payment Services (PSD2), according to a new guide published by Deutsche Bank, in collaboration with PPI AG, that explains the directive’s most important provisions, as well as its impact on the operations …

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Deutsche Bank’s Andrew Reid in The Paypers: B2B payment innovation is possible only through collaboration

Andrew Reid explains in The Paypers that collaboration is needed for banks to achieve the same level of transformation and convenience in the B2B space that they have already delivered in the retail banking space. In an interview previously published in the B2B Fintech: Payments, Supply Chain Finance & E-invoicing Guide 2016, Reid says that …

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Deutsche Bank’s Anil Walia on the crucial role of supply chain finance in Procurement Leaders

In Procurement Leaders’ November/December 2016 issue, Anil Walia, EMEA Head Supply Chain Finance at Deutsche Bank, explains the crucial role supply chain finance can play in the buyer/supplier ecosystem, contributing to the benefit of all involved. Under the title “Ramping up the synergies in cash-poor times” Walia relates how many of the discussions in which …

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“Better Together”: In El Economista, BNY Mellon’s Margaret Guevara argues banks must work together as an industry if the full power of fintech is to be utilised

Digital innovation, the rise of fintechs, and the growing influence of the millennial generation are creating a newfound urgency for banks to modernise cash and trade transactions. In Mexico, over 70% of banks regard digital transformation as a key board and CEO priority. Yet how can banks best bring about this transformational change? Writing in …

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Specialist press covers appointment of Christopher Mager as Head of new Global Innovation Group within BNY Mellon’s Treasury Services business

BNY Mellon Treasury Services has named Christopher Mager as Head of its newly created Global Innovation Group. The group was launched to ensure the continual incorporation of new ideas and technologies into BNY Mellon’s client services, and secure BNY Mellon’s position as a global leader in financial innovation. Anthony Brady, Managing Director and Global Head …

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BNY Mellon’s Chris Mager discusses ‘The Power of Fintech’ in International Banker

Fintech is having a huge impact on the transaction sector, presenting new capabilities that have the potential to redefine the very culture of payments. In International Banker, Chris Mager, Head of Market Segments at BNY Mellon, discusses how fintech is not only altering payments, but transforming banks’ whole approach to innovation. Indeed, the influx of new non-bank …

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“Technology and team-work” will drive transformation of the trade space says BNY Mellon’s Joon Kim and Lucille Mayer in TFR

Technology innovation is driving change across the financial industry. Indeed, while fintech innovation was initially focused on enhancing payments, attention has increasingly turned to trade finance, with a growing number of vendors developing new propositions to enhance the efficiency, security and network of trade transactions. Writing in TFR, BNY Mellon’s Joon Kim (Head of Global …

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Andrew England, iGTB, tells TFR that banks are sprucing up their legacy systems

In a 60 Second Interview with the October edition of TFR, iGTB’s Head of Strategy Andrew England says he sees the trade finance and cash management landscape broadening out as banks review whether they want to build or buy trade and cash solutions going forwards. Andrew talks about the challenges facing banks, having looked at …

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