Tag Archive: payments

BNY Mellon’s Fred DiCocco explains how bank-led collaboration is driving payments transformation in Global Banking & Finance Review

The rapid growth of fintech influence, increasingly sophisticated technological capabilities, growing client expectations, and new regulatory requirements, are fuelling the need for modernised payment systems. Undoubtedly, the payments space is experiencing a period of rapid evolution, with technology presenting opportunities for the industry to transform how transactions are processed. In a commentary article for Global …

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News of iGTB deal with Bangkok Bank covered by specialist press

iGTB has agreed a contract with Bangkok Bank, Thailand’s leader in corporate and SME banking, to implement a comprehensive cash management platform and corporate portal. iGTB’s Digital Transaction Banking platform will integrate a number of previously separate platforms for Bangkok Bank, giving the bank’s clients a consistent and consolidated view of their working capital and payments …

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iGTB’s Barry Rhodes writes about the dawn of “contextual” corporate payments in The Paypers

Barry Rhodes, iGTB’s Head of Payments, has written an expert piece for The Paypers where he explains how banks should look to understand the context behind a corporate payment to revolutionise their services and develop new revenue streams. Previously, banks have approached payments with a product-centric mindset that hindered meaningful client relationships. A better approach is to understand …

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BNY Mellon’s Ross Jones explains that industry collaboration is a key component to payments transformation in TMI

In a commentary article for Treasury Management International (TMI), Ross Jones, BNY Mellon’s Product Line Manager, Global Payments Treasury Services EMEA, explains that industry collaboration is a key component of the global payments transformation. Undoubtedly, fintech innovation is enabling significant advancements in the world of payments. Yet although new innovation brings significant potential to enhance …

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BNY Mellon’s Diego Ortellado speaks to Colombian magazine Coyuntura Pyme on the rapidly evolving payments industry

For Columbian magazine Coyuntura Pyme, Diego Ortellado, BNY Mellon Treasury Services’ Head of Sales and Relationship Management for South America, discusses how the global payments industry is being rapidly reshaped by a number of market forces and new developments. Ortellado explains how developments such as financial technology or “fintech”, and an increasingly competitive market, are causing …

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UniCredit’s preparations for multinational roll-out of instant payments covered by specialist press

UniCredit and EBA Clearing have announced that UniCredit has started testing with RT1, EBA Clearing’s pan-European, real-time payments platform. This test phase is a key milestone for UniCredit in its preparations to roll out euro instant payment products to its customer base across Europe. UniCredit is one of the first banks preparing to make real-time …

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Deutsche Bank’s Christian Schaefer discusses requirements ahead of PSD2’s effective date with Euromoney

  The second “European Directive on Payment Services in the Internal Market”, commonly referred to as PSD2, offers ample opportunities for Third Party Providers (TPPs) to innovate the traditional banking sphere – by bringing them under greater regulatory scrutiny. Interviewed by Euromoney, Christian Schaefer, Deutsche Bank’s Head of Payments, Cash Management Corporates, outlines TPP’s requirements …

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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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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 …

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Deutsche Bank’s Flow Magazine discusses ISO 20022

ISO 20022 will play an instrumental role in the future of payments – providing operational efficiency and enabling banks and market infrastructures globally to communicate. Yet it only really works if banks and market infrastructures around the world are harmonised, or at the very least aligned, in their migration efforts. In an article for Flow …

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