VocaLink has realigned its global business strategy and will make a phased withdrawal of its euro CSM and single european payments area (SEPA) value-added services.
Marion King, chief executive officer (CEO) at VocaLink, said: “While SEPA has been a positive development for Europe, volumes remain comparatively low. As a result, we have decided to realign our global products to reflect our customers’ current priorities around immediate payments.”
Following a strategic review of the global payments market, VocaLink has created a global transaction services team to deliver the innovations required by today’s evolving payments industry.
Marc Terry, managing director of global transaction services at VocaLink, will head up this team. Terry said: “We have conducted extensive international research into the payments needs of our customers as well as the typical consumer which we will be sharing at this year’s Sibos conference. Overall, there is a widespread desire to move towards immediate payments.”
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