Tag Archive: SWIFT

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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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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News of iGTB contract win to implement Raiffeisen’s digital trade finance platform covered by specialist press

iGTB has agreed a contract to implement a comprehensive digital trade finance platform for leading Austrian bank, Raiffeisen Bank International (RBI) and five of its regional banks. The new platform will enable RBI to standardise its operations across numerous legal entities and client segments and digitalise its provision of guarantees, letters of credit, collections and …

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Commerzbank’s Ingrid Weisskopf outlines an exciting new payments initiative from SWIFT in Treasury & Risk magazine

In an article for corporate finance magazine, Treasury & Risk, Ingrid Weisskopf, head of cash products and advisory FI at Commerzbank, sets out the promise of SWIFT’s new global payments innovation (gpi) initiative for banks and companies alike. In her article, ‘Driving a New Standard in Cross-Border Payments’, Weisskopf explains that the smooth running of …

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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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UniCredit completes landmark first UK BPO live transaction

UniCredit, in collaboration with Commerzbank’s London offices, has carried out the first BPO live transaction – processing the export of a shipment of chemicals from Heraeus Metal Processing Ltd. to Ecocat Italia Srl, an automotive parts producer based in Genoa.  Previous transactions between the two were handled by open account invoice, secured by a bank …

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Banks joining forces to advance payments: BNY Mellon’s Dominic Broom in FX-MM

With demand for user-friendly payment innovations intensifying due to increasingly rapidly evolving technology, complex trade flows and the advent of millennials, banks need to maintain an industry-leading position by pushing the boundaries of technology to deliver enhanced experiences to clients. Writing for FX-MM, Dominic Broom, Head of Treasury Services EMEA, BNY Mellon, discusses how banks …

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