Transaction Banking

A community for discussing technology trends, views and perspective in global transaction banking

Bob Lyddon Consultant at Lyddon Consulting Services

UK NPA Blueprint rubber-stamped

The report (119 pages) on the consultation on the Blueprint for the UK's New Payments Architecture was finally made available on the Payment Strategy Forum website at about 3:30 pm today, on a page that had already been written in advance to say that "In December 2017 the Forum concluded its work and delivered its final Blueprint. Its work ha...

08 December 2017 /payments

Sufyan Khan Head of Pre Sales / Solution Consulting - Europe at Oracle

Are the UAE banks ready for CRS reporting?

The objective of developing a Common Reporting Standard (CRS) is to combat tax evasion. Common Reporting Standard (CSR) is the tax reporting framework developed by Organisation for Economic Cooperation and Development (OECD) that requires Automatic Exchange of Information (AEOI) between tax authorities in participating countries for inter-jurisdic...

01 November 2017 /regulation /wholesale

Retired Member 

Making AI a reality in banking

Extensive automation of business processes in international banking using artificial intelligence, robotics and machine learning, which I’m going to collectively call robotic process automation (RPA), is set to transform the way banks and financial services firms do business – particularly in areas such as trade finance and similar complex banking...

26 October 2017

Anchal Tiwari Head of Products at Bolero International Limited

The C-Suite Challenges of a Trade Finance Bank

An insight into the challenges that plague the C-Suite of a bank determined to lead the trade finance business. Is Digitization the answer? Trade Finance has been a well established and important business for Banks and Financial Institutions. Hardly any domestic or international Trade activity can take place safely and successfully without some fo...

19 September 2017 /sibos

Retired Member 

PSD2 Regulation Will Bring Down the Walls, Not Build Them

The Payments Services Directive 2 (PSD2) is shaking up the industry, and for good reason. There is sometimes a tendency for the payments ecosystem to expect doom and gloom when it comes to new regulation; seeing it as restrictive, unnecessary interference, or costly. The reality is that PSD2, along with other regulatory changes across Europe and t...

17 July 2017 /payments /regulation

Retired Member 

Digitalising Trade Finance: the time to act is now

While digitalisation of banking processes has been gathering pace in many areas – from Retail Banking to Payments processing – Trade Finance has been lagging in its digital journey. Recent research from the International Chamber of Commerce found that just 7% of respondents said digitalisation was “widespread”. Trade Finance has always been paper-...

14 July 2017 /payments

Retired Member 

Can Banks Really be Customer Centric?

Traditional product-centric banking is a thing of the past. The transformation to customer-centric, relationship-based banking has already commenced and pace is not slow. Banks are forced to focus on customer(s) and they are not geared up for this. Historically banks have been structured around products, so their internal systems. These are under ...

05 April 2017 /retail

Retired Member 

Virtual Solutions for Virtual Accounts

Corporates usually open hundreds of accounts to manage their operations, track their receivables and segregate funds relating to different entities / subsidiaries etc. Banks find it a huge operational overhead to do KYC and maintain these numerous accounts and hence are offering Virtual Account based solutions to their corporate clients. Corporat...

08 March 2017 /payments

Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group

Killer Corporate Banking Use Cases for Fintech

Although banks may appear slow to react and less agile than emerging fintech companies, banks remain their corporate clients’ main point of reference for technology innovation and inclusion. Even many leading corporations don’t want to be the pioneers in something that is not part of their core business and keep a wait-and-see attitude toward fint...

22 February 2017 /wholesale

Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group

APIs for Transaction Banking

I am trying to validate my assumption that while European banks are today working to comply with PSD2 regulatory requirements, they will move in the next two years from a payment-centric API strategy to a wider transaction banking-based API strategy, meaning that they could open APIs to fintech partners that connect to their cash, liquidity, trade...

30 January 2017