The Belgian banking industry has chosen STET as its clearing and settlement mechanism (CSM). STET’s CORE system has been developed on a multiple CSM – single shared platform designed for processing existing national legacy payments or single euro payments area (SEPA) payments.
Sixteen banks will join the new CSM as direct participants:
- AWL (IPDTA)
- Bank van Breda
- BC/MC (IPDTA)
- BNP Paribas Fortis
- Crédit Agricole
- Delta Lloyd
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.