Europe’s opening banking regulation is finally here. After months of preparation across the continent, the Revised Payment Services Directive comes into effect on January 13.
The revised Payment Services Directive regulation, regarded as one of the most disruptive in Europe’s financial services sector, will begin to make an impact on January 13, 2018.
This year promises to further the regulatory compliance burden imposed on financial institutions. How are firms in the sector responding to the challenge?
A series of governments are now very worried about the idea of bitcoin and these currencies because customers would be able to make sustainable ongoing transactions and payments without having to ever introduce the use of a typical financial model or banking system. To combat this potential threat, several countries including major central banks like the Bank of England and the Bank of Israel will be launching their own version of a cryptocurrency. This could bring big advantages to customers.
The benefits of an in-house bank are increasingly evident, but some treasury departments still hesitate to take the plunge. This article offers a step-by-step guide.
Inefficiencies in payment processing and cash management can make the difference between a company’s success and failure. As corporates seek new ways to effectively address complex global payment ... read more
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.
While cryptocurrency and blockchain garner most of the headlines, a quiet revolution in payments is gathering momentum: the emergence of real-time Request to Pay (RTP) collections from bank accounts. The subject of real-time payments has been written about extensively – this article focuses on lesser known developments in real time collections.
As 2018 draws near, Kyriba's Bob Stark gives his predictions on payment fraud, cryptocurrencies, faster payments, hedging, lease accounting, robotics and tax reform. He also looks at the future role of the chief information security officer in treasury.
While GDPR and Europe’s revised Payment Services Directive (PSD2) are not contradictory, the fact that the regulators and many banks work on them in silos is problematic, AccessPay executives argue.