Data will become the "centre of gravity" for the new banking business model under PSD2, providing consumers are willing to share their data, argues Dick Oskam, head of transaction services, ING Wholesale Banking.
The key points of discussion at 2017's EuroFinance conference in Barcelona on Wednesday were how to deal with the geopolitical uncertainty that is being seen the world over, regulation, automation and cybersecurity.
Time and experience have shown that consolidated post-trade functions enable more informed and concentrated overviews of positions, settlements and liquidity across the globe – thus saving reporting costs, as well as allowing decisions to be made more quickly and effectively.
Chief financial officers increasingly are taking on responsibility for their organisation’s customer experience, a job that has traditionally been that of the chief marketing officer.
While treasuries are expected to grow in importance over the next three years, 73% say teams will remain the same or shrink.
Why corporates should consider the multi-currency virtual account (MCVA) - a bank-offered cash product which allows them to maintain foreign currency balances and affect cross-boarder transactions where a physical account doesn’t exist in the local currencies.
Steel producer thyssenkrupp and chemicals group BASF were among the multinationals to report on their experiences at the recent SAP Ariba Live event in Prague.
Financial services and healthcare are two of the sectors on the verge of being radically transformed by the rise of artificial intelligence and robotics.
Sometimes, bank relationships simply don’t work anymore. However, changing banks is rarely straightforward - from rejected KYC documentation to technical hitches, the potential hurdles are significant. This article outlines how detailed preparation, messaging standards and a strong moral compass can help the switch go smoothly.
In the wake of the global financial crisis, correspondent banking relationships have reduced globally by 25% reports Accuity.