SIA-SSB recorded around 200,000 European credit transfers with a total value of €1.36bn. This is the figure by at the close of the first week of processing of credit transfers compliant with the new single euro payments area (SEPA) standards that, as of last Monday, sees the participation of banks in the 27 European Union countries, in addition to Switzerland, Norway, Iceland and Liechtenstein. Since the launch date, the number of daily transactions has been growing steadily and, at the time of writing, the highest number of transactions was recorded on Thursday 31 January, when there were over 64,000 credit transfers with a total value of nearly €590m. SIA-SSB has created a technology platform (Shared Platform) to process the new SCTs. This solution is used both by EBA Clearing with STEP2, the first and only pan-European clearing house (PE-ACH) for retail payments in euros to which SIA-SSB is the technological partner, and by SIA-SSB for the operations of Italian banks within SEPA.
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