VocaLink has signed a memorandum of understanding with Seceti to provide single euro payments area (SEPA) reach. Seceti is part of the ICBPI banking group. This partnership will form part of VocaLink’s European reach for SEPA transactions and is designed to give its clients additional flexibility in choosing how they route their payments to achieve low transaction costs. In April 2007, VocaLink announced the signing of a memorandum of understanding with the EBA to deliver reach into 31 markets for SEPA. This signed memorandum of understanding between VocaLink and Seceti will allow both organisations to provide their clients with an expanded choice of routing options to suit their needs. In other news, 10 banks have signed up to VocaLink’s pan-European euro clearing and settlement system. The €CSM partnership is designed to provide banks and their clients with services following the introduction of the SEPA in 2008. Member banks are able to be partners and clients with the partnership. The new transaction services available through the partnership include AML and OFAC compliance, corporate access services, direct debit mandate management, non-SEPA payment processing and payment exceptions management.
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