Financial Supply Chain

In the world of international trade, the process of exchanging payments, information and documents between buyers, sellers, banks, and other involved parties is becoming increasingly important for financial institutions. This community aims at presenting views and innovative ideas related to this financial supply chain space.

Retired Member 

So good, it's a waste of time

So good, it’s a waste of time: why banks and corporates need a common language If a colleague were to appraise your work with the words “this is so great, it’s a waste of time”, you might be offended or at least mystified. In Hebrew this expression is a compliment, but it doesn’t work in translation to business English. Learning the quirks of the

08 September 2008 /sibos /wholesale

Elton Cane Digital product delivery at News Corp Australia

A good time to be in transaction banking?

With the major blue-chip US banks all lined up for earnings announcement over the next week or so, there’s been a lot of doom and gloom predicted. JPMorgan Chase, Citi, Bank of America and others are apparently facing further asset write downs, losses in consumer credit and mortgages, and shrinking income from investment banking, both fee-based – ...

14 July 2008 /payments

Alan Goodrich Regional Sales Manager at ERI

Not seeing the mobile wood for the trees...

Yesterday evening I enjoyed a lively debate on "Mobile Telephony and the Supply Chain" at the Financial Services Club Supply Chain Forum... good company, wine and food... but left with the nagging feeling that we had somehow missed the point in our discussions... Much of he discussion revolved around mobile payments and the mobile phone /...

18 January 2008 /payments

Alan Goodrich Regional Sales Manager at ERI

Stick, TWIST or Buy..? Oh dear, BUST..!

First of all, credit where credit is due - the title concept is attributable to one of my colleagues, not me - thank you Howard! Yesterday evening we attended a lively Financial Services Club session of the Supply Chain Management Forum focus group chaired by Eric Sepkes. The guest speaker was Shaun Maine, who happens to be Chairman of the TWIST Te...

23 November 2007 /payments /sibos

Alan Goodrich Regional Sales Manager at ERI

Can You Have Your Corporate Cake and Eat It?

The subject of “Innovation in Financial Services” seems to highlight a real and present danger that many senior bankers are struggling with... i.e. how to achieve the “plumbing” and innovate simultaneously, in particular around the corporate financial supply chain... Did you make it to SIBOS this year? Well, the good news was that SIBOS focused a ...

05 November 2007 /payments /sibos

Alan Goodrich Regional Sales Manager at ERI

Blinded by Blue Mist?

Earlier this week I had the pleasure of attending a talk by Ann Cairns, at the Financial Services Club, giving her personal perspective on "Managing technology change in the financial services industry". For those who don't know, Ann is CEO of Transaction Banking at ABN Amro, having joined ABN Amro in 2002, after 15 years at Citigroup wor...

25 October 2007 /payments

Olivier Berthier CEO at Moneythor

Oh, that's what we can do with the TSU!

Let's remind ourselves, the SWIFTNet Trade Services Utility (TSU) is the result of an initiative started by the banks. The SWIFT Board and twelve banks, among them some of the most international and influential players in the trade services space, decided in late 2002 to form the Trade Services Advisory Group (TSAG) and work on a solution that wou...

03 September 2007 /sibos /wholesale

Olivier Berthier CEO at Moneythor

The LC is dead. No, just kidding.

The developing world and its booming Trade activities still remain very keen on traditional instruments such as the Letter of Credit (LC) and will most likely be for years to come. Even in the US, arguably one of the most prominent countries in the world in terms of their use of open account business, a recent survey by Bank of America of US manufa...

22 June 2007 /payments /wholesale

Olivier Berthier CEO at Moneythor

Buzzword alert: financial supply chain

Forget about trade services, trade finance, UCPs and documentary credit, what we all do now is called Financial Supply Chain (or SCF for Supply Chain Finance). How many "Heads of" have we seen lately with freshly updated business cards showing new supply chain-related titles? A lot! Revolution or Evolution? Well, the notion of financial s...

30 May 2007 /wholesale