A new survey of the banking industry unsurprisingly shows with the sovereign debt issues still raging across Europe, nearly 70% of respondents believe that the euro will not survive in its current form, however overall sentiment with regards to the euro and the single euro payments area (SEPA) was still more positive. Interestingly the views around the impact of the Payment Services Directive (PSD) are less clear, with the majority not seeing much impact yet.
The fourth State of the European Payments Marketplace Survey, conducted by the Financial Services Club and sponsored by European Banking Association (EBA) and Logica, with over 350 participants from 53 countries, shows an increasing expectation of success for SEPA. The survey also highlights the growth in real-time payments across the board.
“In 2011, Europe’s markets were even more challenged by the Eurozone’s issues but, surprisingly, the progress of the PSD and SEPA were seen as positive,” said Chris Skinner chief executive officer (CEO) at the FS Club (FSC). “This year we have also continued our analysis of the relationship between banks and their corporate clients, which highlights some interesting differences.”
The survey also reviews issues around liquidity risks, where 86% of bankers were in agreement that pressures on balance sheets for banks and corporates as well as new regulations, are driving increased activity around liquidity with a new technology helping the drive to real- time liquidity 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