Equens and Seceti have agreed to collaborate to clear their SEPA ‘cross community’ payments via Equens and Seceti as of 1 January 2008. This collaboration is designed to allow both payment processors to offer European banks an alternative for clearing their payments throughout Europe. After clearing, payments will be settled by the central banks. The European payments market is changing significantly as a result of harmonisation and standardisation fostered by SEPA. As reachability and interoperability between the different European payment processors and banks is required, service payment processors need to assure clients that any payment sent to any other bank account in the EU will reach its destination within the agreed time frame. The accessibility of every bank account number within the EU can only be guaranteed when there is systematic and consistent access to banks and payment processors.
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