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
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.