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.
Outdated payment systems, regulation, evolving consumer needs and promising fintech initiatives are all driving the demand for enhanced transaction capabilities.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.
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.
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.
Compliance costs in emerging markets are rising, as are fears of protectionism in developed markets. But Michael Duval, Chief Business Officer at Bank Leumi (UK), notes that Israel provides importers and exporters with sustained opportunities in an article for The Global Treasurer.
BNY Mellon has been officially crowned “Best Correspondent Bank” in this year’s Global Trade Review (GTR) “Leaders in Trade” awards. The award marks the second consecutive year that the bank has won the award since the category was introduced in 2017.
Receiving the award on behalf of BNY Mellon at the GTR Awards ceremony last week, Dominic Broom, Global Head of Trade Business Development, commented: “This consecutive win of the Best Correspondent Bank award underscores what we do best: providing operating expertise and exceptional client service on a global scale. We continue to invest in new solutions and enabling technologies to remain the leader in meeting client needs, in an ever-changing landscape.”
To read the full awards results list, please click here.
To read the full Q&A, click here (please note the paywall).
Writing for Finance Digest, BNY Mellon’s Monika Aminiova, EMEA Cash Management Business Development Manager, Treasury Services, takes an in-depth look at how the payments sector could be transformed by SWIFT gpi, and how banks can help the initiative take root.
Although still being rolled out, SWIFT gpi’s impact on both the speed and transparency of cross-border transactions is already visible, and with more developments in the pipeline – such as the ability to stop and recall payments, and attach invoices to transactions – there is a real opportunity for banks to enhance their offering and provide a traceable, efficient and modern global payments experience for their clients.
“Undoubtedly, SWIFT gpi is an initiative that has the potential to revolutionise global payments”, says Aminiova, “But it is only through co-creation, cooperation and active engagement that banks can expect to access and harness the full potential of SWIFT gpi – and most importantly, render the cross-border transaction process more transparent, efficient and intuitive for clients.”
To read the full article, please click here.
Writing for The Paypers’ 2018 edition of its “B2B Fintech: Payments, Supply Chain Finance and E-Invoicing Market Guide”, BNY Mellon’s Karen Braithwaite, Head of Global Product Management, Treasury Services and Carl Slabicki, Director, Immediate Payments, Treasury Services, discuss the momentum behind the adoption of real-time payments (RTP) across the world.
Sparked by client demand for a payment service that meets modern expectations for speed, together with technological advancements and the influx of fintechs entering the marketplace, countries across the globe are transforming their domestic transaction capabilities by implementing new real-time payment rails. What’s more, with the potential for such systems to be connected to other initiatives, such as SWIFT gpi, blockchain technology, ISO 20022 standardisation and mobile transactions, there is scope for added reach, efficiencies and value that could further revolutionise the payments sector.
To read The Paypers’ “B2B Fintech: Payments, Supply Chain Finance and E-Commerce Market Guide”, please click here. The article is featured on pp. 34-35.
Amid the hype surrounding blockchain technology, discussions of how it can bring value to corporates have often been vague and speculative. Yet as the technology matures and use cases become more concrete, a clearer picture is emerging of how it could shape the everyday work of corporate treasuries. Writing in Corporate Finance, UniCredit’s Deputy Global Head of Global Transaction Banking, Thomas Dusch, explains how German corporates can take advantage of this exciting new technology.
To read the full article please click here (article in German).