3 Reasons Why Banks Need to Read The Gates Letter 2015 10

Way back in 1994 Bill Gates famously said “Banking is essential, Banks are not“. Over the course of the last 21 or so years, that statement is arguably starting to ring true. There has been a massive transformation in the way we work, rest and play over that period. As consumers we have changed our behaviour ...

Corporate to Bank Connectivity – 10 Questions YOU Need To Ask 6

Most discussions about SEPA are no longer about compliance but instead about how to achieve process efficiencies and process improvements. Have a read of SEPA compliance, Tick. What next…? for some general information about what to consider now that SEPA compliant processes have been implemented. This post will focus on one specific area – corporate ...

3 SEPA Payments Security Initiatives Happening in 2015 4

Maybe I had a few too many beers the night before but I found the recent EPC blog post, European Union Regulatory Initiatives Impacting the Security of Euro Payments: the 2015 Outlook, a bit confusing! In a nutshell the post highlights some of the key security initiatives that are hitting Europe in 2015. Now payments security is ...

BAI2 Format Specification 4

BAI2 Format Specification – Corporates are using a variety of bank statement formats to receive information from their bank(s) about the activity happening on a given account. While most corporates are using the MT940 format, other bank statement formats are of course available and being used. One such example is the BAI2 format. Just before the ...

5 Things You Need To Know About Disruptive Innovation 12

Most corporates attending bank or payment related conferences, such as the SIBOS Conference 2014, will hear about Disruption. Disruptive innovation or disruptive technology is being spoken about across multiple industries, and for us the area are of interest is the disruption happening in the payments space – i.e. payments disruption. Many would argue that the disruption is ...

Instant Payments in Europe 6

Mark my words, Instant Payments or Real Time Payments will be hot in 2015! Globally there are various Instant or Faster Payments initiatives already in place, and many more being considered – but what is the European / SEPA take on Instant Payments? With the SEPA region in mind, what are Instant Payments, what is the Instant Payments ...

2015 – Let’s Do This!!

2015, Happy New Year! In 2014 we saw the SEPA deadline come and go, resulting in the approval of a 6 month transition period which ultimately led to the extended 1st August SEPA deadline. Throughout this SEPA for Corporates has sought to provide you with a no nonsense guide to implementing SEPA. From SEPA Credit Transfers, SEPA ...

Immediate Payments Not Available Anytime Soon…. 4

Immediate payments, faster payments, instant payments, real time payments - however you refer to them, they are a hot topic and now a pan European solution is being sought. On 1st December 2014 the ERPB (Euro Retail Payments Board) held its second meeting chaired by the European Central Bank (ECB). Before we get into the details ...

SEPA Rulebooks 2015 – 5 Things You Need to Know 4

Alright, first things first – I realise I have not been posting much recently… I will redress the balance and share some hopefully (!!) useful posts between now and Christmas. Please look out for those…. That said, there has not been much SEPA related news since my last post, SEPA is Here..! Most people are now ...

Sibos Conference 2014 – 5 Tips For Newbies 3

Fresh from the summer break most of us are now back to work and wondering what all the SEPA fuss was about? Dare I say it, the August 2014 deadline has come and gone and for many of us things are going pretty well. As they say “no news is good news” and on the ...