How do banks, the long-established players in the payments market, best respond to the revolution that is now underway?
Ahead of the introduction of Europe’s revised payment Services Directive (PSD2), this article looks at how those in the financial services industry build the connection between back-end data infrastructure and customer experience.
Once Europe’s new Payment Services Directive (PSD2) comes into effect in January 2018, treasury departments can expect a dramatic shift in the payments landscape.
The European Union’s revised Payment Services Directive (PSD2) will be a game changer for the financial services industry when it takes effect in 12 months’ time. How should each party that will feel the impact of PSD2 be responding?
If they have not already begun their preparations for the introduction of the Payment Services Directive, European banks will need to make it a priority task this year.
The US finally got faster payments this autumn, with NACHA launching the first phase of same day ACH in September. This and other payments initiatives were in the spotlight at this year’s AFP conference in Orlando, Florida.
Why does bank documentation have to be so cumbersome? What can be done about it? This article proposes a way forward for the industry and its customers.
CGI has conducted an annual global transaction banking survey for the past eight years. In 2012, we began partnering with GTNews to produce and deliver the survey to the market. For many readers of GTNews, as well as CGI clients, this annual report on the state of the corporate-to-bank market has become a must read.
SWIFT has failed to keep pace with the revolution in international payments since its formation in the early Seventies and has little incentive to raise its game.
Seen as the ultimate model by treasurers, centralisation is rarely as black and white as it appears. Today, digital advances are making it easier for every treasury function to reap the benefits of centralisation while overcoming financial, operational and psychological barriers.