Writing for TMI, David Bee, Head of Global Markets at Crown Agents Bank, highlights the benefits of new and innovative technology to financial services in Nigeria – and the potential benefits for corporate treasurers. Please read the full article here.
As the appetite for foreign direct investment (FDI) in Africa intensifies, currency illiquidity and volatility stand as potential barriers to growth. In an article for The Global Treasurer, David Bee, Head of Global Markets at Crown Agents Bank, explores how new, innovative technologies – such as EMpowerFX – can begin to offset Africa’s currency concerns.
Please click here to read the full article.
In a special report on AI and technology in operations by P&I, Matthew Seymour, CEO of RiskFirst, describes some of the challenges of technology adoption and standardisation in the asset servicing industry. The report examines how the ongoing development of technologies – such as blockchain and AI – could not only drive efficiencies but also serve as a catalyst, encouraging all market participants to speak the same transactional language.
Seymour noted, however, that “cooperation among major players in the industry isn’t a given”. He said: “The biggest challenge is the vested interest of financial services market participants. Accepting AI will require some to change their businesses. Right now, the collection of data is a real gold mine for some companies. Their concern about maintaining or growing their data businesses, at the same time as AI and blockchain, will make data more accessible to everyone, will make the adoption of new technology more measured while firms assess how this will affect their business models. It’s not just technology adapting to business, but business adapting to technology.”
To read the full article, please click here. (Please note, this article lies behind a paywall).
UK-based consultancy PwC and financial technology provider RiskFirst are reinforcing their relationship with a new agreement, which will benefit clients by bringing online pensions platform Skyval, and RiskFirst’s PFaroe platform closer together.
Skyval was launched jointly by PwC and RiskFirst in 2013 in response to a growing need for more accurate, reliable and up-to-date pension plan information. Under the new agreement, Skyval and PFaroe are being brought onto the same underlying platform, making it easier to exchange information, thereby facilitating closer working relations across all plan stakeholders.
Outdated payment systems, regulation, evolving consumer needs and promising fintech initiatives are all driving the demand for enhanced transaction capabilities. As a result, banks are increasingly adopting real-time payments to address evolving needs. In a commentary article for TMI, Carl Slabicki, Director, Immediate Payments, BNY Mellon Treasury Services, discusses how the real-time landscape is gaining traction, the implementation of the real-time payments (RTP) initiative in the US, and how banks and the wider industry can make enhanced, real-time payments a global reality.
To read the full article, please click here.
In an article for the World Bank, David Bee, Head of Global Markets at Crown Agents Bank, explains that the answer to solving Africa’s currency illiquidity problems can be found in innovative, online trading technologies.
Please click here to read the full article.
Crown Agents Bank’s new video made its debut at the Treasurers Roundtable Annual Conference in Washington DC last week.
Moorgate was involved in all stages of the production.
In a commentary article for BNamericas, Dino Sani, Head of Treasury Services Latin America, discusses how regulation technology – or “regtech” – can enhance regulatory processes in Latin American banking. He examines the challenges banks are facing due to heightened compliance demands, the growing interest in regtech across the industry, and how regtech tools such as AI and blockchain technology could help to decrease compliance costs and improve efficiency.
To read the full article, please click here (please note, this article lies behind a paywall).
In a commentary article for PaymentsJournal Monika Aminiova, Cash Management Business Development Manager, Treasury Services EMEA, BNY Mellon, discusses how SWIFT gpi is helping to transform cross-border payments. She examines the growing reach of SWIFT gpi, the enhancements that have been implemented – including improved speed and transparency – the new developments that are set to come into force and, importantly, what this means for banks.
To read the full article, please click here
The first such transaction involving a large German company, Commerzbank’s €500,000 deal was covered by Reuters, Banking Technology, The Trade, IBS Intelligence, coindesk, 4-traders, Blockchain News, The Blockchain, CoinShot, Blockshapers, The Paypers, Cypto Currency News, RTT News, coinzdaily, Econotimes Blockchain Revolution, Cryptocy News, Bitnews Today, Coin Telegraph, cryptovest, Finextra and Profit & Loss.