Société Générale (SocGen) said that it continues to support its current and prospective customers through migration to the single euro payments area (SEPA) by providing a dedicated educational and informative website: sepa.societegenerale.com.
“This change concerns every business that carries out credit transfers and/or direct debits in euros within the SEPA zone,” says SocGen. “The aim of this new website is to increase awareness amongst economic players of the need to migrate by 1 February 2014.”
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.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
HSBC arguing that mid-market businesses are missing out on huge exporting opportunities, 3D printing being predicted to cut global trade by 23% in 2060 and the blockchain community launching a voluntary transparency project all hit the latest headlines in the world of treasury this week.