CBA, a developer of Java-based software for bank international payment End-to-End Straight Through Processing, has devised an equation that demonstrates to banks the potential loss of revenue that their businesses will suffer as a result of forthcoming EU regulations. According to the Cross-Border Credit Transfers Directive 97/5/EC and later Regulations, as from July 2003 banks will have to cap international payment processing fees at the same level as domestic payments. In practice, this means that average revenues per international transaction will fall from 24 Euros down to 2 Euros or less. The CBA calculation enables banks to assess their likely revenue shortfalls, once the regulations come into effect.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more