Strength in numbers: UniCredit’s Raphael Barisaac argues in Euromoney that all banks need to invest in the digitalisation of the trade finance space if the potential of new technology is to be realised

Although banks like talking about bringing digital services to trade finance, Euromoney’s annual trade finance survey 2018 revealed that few banks are currently actually using new technologies in their product offerings.

Commenting on these results, Raphael Barisaac, global co-head of trade finance at UniCredit, argued all banks need to invest in digital agendas if the potential of digital technology is to be realised.

“New digital services need to be offered by a significant number of banks. If not, banks will struggle to achieve critical mass and clients will only be able to use new technologies in a limited number of situations.”

To read the full article, please click here.

What are the advantages of creating a deep secondary market for trade finance assets? UniCredit’s Luca Corsini discusses in Euromoney

Though evidence suggests there is no longer a trade finance gap in Europe, the Asian Development Bank’s estimate that a global funding gap of $1.5 trillion still remains, makes it clear that this is not the case at a global level. One proposed solution is to create a deep secondary market for trade finance assets – enabling banks to provide more funding in the knowledge they can sell on excess debt on their books.

Commenting in Euromoney’s ‘Trade Finance Survey 2018’, Luca Corsini, global co-head of global transaction banking at UniCredit explains why the argument for institutional investors to play a more prominent role in the trade finance market is compelling.

“Trade finance has a much lower risk profile than traditional assets, yet the Basel III and Basel IV capital requirements do not fully recognise this in their risk-weighting specifications, meaning banks cannot extract their full value. In contrast, institutional investors can take advantage – either by using trade finance assets as low-risk ballast to offset-riskier investments as part of a balanced portfolio, or by simply extracting the inherent value of such a low-risk profile.”

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What were the key lessons learned at Sibos 2017? UniCredit’s Global Co-Head of Trade Finance, and Global Head of Cash Management explore:

Sibos 2017 came and went in a flash. But what were the key messages from the event?

Writing in TMI, Raphael Barisaac, UniCredit’s Global Co-Head of Trade Finance, and Cédric Derras, UniCredit’s Global Head of Cash Management, reflected on the event: “After years of preoccupation with regulation and compliance, the industry is once again gearing up for growth. A number of new services will soon hit the market, and bank-fintech collaboration is the hot topic when it comes to meeting the most challenging client needs”.

They added; “now that Sibos 2017 is over – and ended on a decidedly positive note – we look ahead with optimism to the coming year. Banks are gunning for growth once again and bringing a spate of innovations to the market. This time next year, in Sydney, we may just be saying that clients have never have had it so good.”

To read the full article, please click here.

Trade finance industry collaboration set to grow in 2018 says UniCredit’s Adeline de Metz in GTR

Looking back at trade finance trends that emerged in 2017 – and taking a view on the year ahead – Adeline de Metz, Global Co-Head of Trade Finance at UniCredit, writes in GTR that there is a resurgent appetite for growth among banks after a period of caution marked by regulatory and compliance concerns such as anti-money laundering and know-your-customer requirements. To drive this growth, de Metz explains that banks are increasingly joining forces with other industry players to develop cutting-edge solutions that meet ever more demanding client needs.

To read the full article, please go here.

UniCredit’s Adeline de Metz and Raphael Barisaac on how transaction bank adaptations will benefit corporates in Global Banking and Finance Review

With the global trade environment changing, transaction banks are responding by driving internal efficiencies, expanding their digital offerings, and reconfiguring their client service models. Raphael Barisaac and Adeline de Metz, Global Co-Heads of Trade Finance at UniCredit write in in Global Banking & Finance Review that amidst all this change, the outlook for corporates is promising – increasingly digital and client-centric solutions, combined with fairer and more competitive pricing.

Go here to read the full article online, and here to read the online viewer of the print version (page 22).

UniCredit’s Thomas Probst explains what blockchain has in store for banks and corporates in ICC Germany Magazine

Blockchain has been heralded by many as the future of the banking industry – generating considerable hype. Yet while there’s no shortage of enthusiasm, clarity on its nature, benefits and future, is harder to come by. Thomas Probst, Head of Trade Products, Germany at UniCredit, explains in ICC Germany Magazine what we know so far.

To read the article, please go here.

Sibos 2017: UniCredit’s Simone del Guerra discusses the future of transaction banking in video for Global Finance

Speaking in an Expert Perspectives video for Global Finance magazine at this year’s Sibos conference in Toronto, Simone Del Guerra, Global Head of Transactional Sales at UniCredit, discusses the challenges facing correspondent banks, the impact of Swift gpi and instant payments, and considers whether banking is still a people business in the wake of technological advancements.

To watch the full video, please go here.

UniCredit’s Cédric Derras discusses the impact of instant payments and PSD2 in The Paypers’ “Online Payments and Ecommerce Market Guide 2017”

With instant payments and the new Directive on Payment Services (PSD2) on Europe’s doorstep, the payments market is undergoing a paradigm shift in how consumers and businesses exchange money. Cédric Derras, Global Head of Cash Management at UniCredit, explains in The Paypers Online Payments and Ecommerce Market Guide 2017 what these developments will mean for corporates and the wider payments community. In order to grasp the opportunities, and avoid any pitfalls, Derras explains that all parties involved will need to be proactive and brace for the transition.

To read this article in full, download the full Guide here and turn to page 111.

 

UniCredit’s Adeline de Metz and Cédric Derras discuss the top priorities for corporate treasurers in GTR

With digitalisation at the top of corporate agendas, and increasingly expansion-minded corporates turning to open account trade, treasurers have more – and more complex – requirements than ever. In a joint Q&A for Global Trade Review UniCredit’s Adeline de Metz, Global Co-Head of Trade Finance, and Cédric Derras, Global Head of Cash Management, look at the key issues facing treasurers – explaining how they can mitigate risks, increase security and harness technology to meet their goals.

To read the full article, please go here.

UniCredit roll out of cross-border instant payments solution in Italy and Germany covered by specialist press

Immediately after the European instant payments infrastructure was officially in operation on 21st November, UniCredit conducted its inaugural instant payment from Germany to Italy. The payment took exactly 2.5 seconds to be completed, demonstrating the bank’s capabilities in both countries and across borders. This makes UniCredit the first bank to offer real-time payments in Germany and the first to use the format for a cross-border payment.

The launch marks the beginning of the bank’s roll-out of instant payments in line with the European Payments Council’s (EPC) SEPA Instant Credit Transfer (SCT Inst) scheme, as originally initiated by the European Central Bank.

Gianfranco Bisagni, Global Co-Head of CIB at UniCredit, commented: “After a very focused development and implementation process, the official launch today is a proud moment for us. We have always aimed to lead the way on developing instant payments solution for our clients and we are excited about the benefits this new service will bring to our clients – promoting speed and transparency through 24-hour, 365-days-a-year coverage and real-time notifications of successful payments.”

To read further coverage of this news, please go here: Asset Servicing Times, Electronic Payments International, IT-Finanzmagazin (in German), Financial IT, Finextra, Fintech Finance, FTSE Global Markets, GTR, Payments Journal, Payment Week, The Paypers, TMI, TXF, Finance Digest, Fintechist, Global Banking & Finance Review, CPI, Euromoney.