Common standards are vital to clients’ operating efficiency for Euro payments in the Single European Payment Area (SEPA), according to JPMorgan Treasury Services (TS). Following a forum that included 23 the bank’s clients, JPMorgan TS said that attendees found a degree of frustration in the debate over new standards and regulations and a desire for strong leadership on the way forward. The attendees agreed that standards needed to emerge in the market in three areas: payment systems and instruments; the messaging standards between corporates and banks; and within the systems used by corporates. According to JPMorgan TS, its clients felt that the implementation of BIC and IBAN standards was creating additional overheads and not addressing the fundamental sources of costs on pan European cash management.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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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