7 Lessons From the SWIFT Business Forum in London 5

Like many others in the payments and bank technology space last Thursday I attended the SWIFT Business Forum in London. It was a fantastic day with a number of informative sessions on all of the key topics and trends that are dominating the industry right now. For a comprehensive insight into the day check out ...

5 Reasons Why Financial Inclusion Is Important… 5

Last week the World Bank released The Global Findex Database – Measuring Financial Inclusion Around the World – Policy Research Paper. The Global Findex data was collected by the World Bank and Gallup World Poll, and was financed by the Bill & Melinda Gates Foundation. The data is based on interviews with 150,000 adults (aged ...

SEPA Payments Will Fail on 1st May If You Ignore This

SEPA Payments for value 1st May will be delayed or worse still fail altogether – You’re probably thinking that’s quite a bold statement to make. Let me explain why in this question and answer post…. SEPA Payments Failing, Eh? What’s going on? 1st May, 2015 is a Labour Day Holiday in many European countries. More importantly, it ...

10 Revelations from the ING Mobile Banking 2015 Survey 1

Last week ING Group released their ING Mobile Banking 2015 Report highlighting trends and key developments in the mobile banking and payments space over 2015. I don’t want to get too heavily into the statistics, but rather to share some of the overall themes that emerged from the survey. Following are 10 key takeaways from the ING ...

5 Takeaways from the BBVA Annual Letter to Shareholders 1

Having recently reviewed the JP Morgan annual letter to shareholders, I thought it would be useful to see what other banks were saying in their annual letters to their shareholders. I went through the Top Payment News Stories in March 2015 and noticed BBVA’s Chief, Francisco Gonzalez, “plans to build the first and best digital ...

7 Reasons Why Your XML Payments Are Failing… 1

During the SEPA implementation, there was a common objective to develop and deliver the required SEPA XML payments format. Having gone through the PAIN (see what I did there?!) many corporates are now looking to utilise the ISO20022 format for other (non-European) payment processes that they may be running. After all it makes sense to get rid ...

The Top Payments News Stories in March, 2015 1

It only seems like yesterday that I was summarising the top payments news stories for February 2015 – Is it me, or is time flying?!?! So in March cyber security continued to hit the headlines with various reports highlighting the extent of the issue. Various FinTech, digital/cryptocurrency and innovation related payment news stories also caught my ...

10 Things I learnt from Ajay Banga about Financial Inclusion 6

Over the weekend I spent a bit of time reading about the recent Mobile World Congress 2015 event in Barcelona. There were some pretty high profile figures there from Mark Zuckerburg to John Cleese! But it was an ‘Innovating for Inclusion‘ keynote speech from Ajay Banga – MasterCard Chief Exec – on financial inclusion that particularly caught ...

Facebook Payments – 10 Things I Learnt 2

There has been an absolute avalanche of information about the recent Facebook press release confirming that in the coming months Facebook Messenger will enable users, in the US, to send / receive money. In this post I don’t intend to reiterate what’s already been said, but rather to share 10 things about Facebook and with it the ...

5 Reasons Why SWIFT Must Not Exclude Russian Banks 1

I have reading up on SWIFT quite a bit recently, to understand more about how corporates can benefit from the various available SWIFT corporate solutions. The benefits of SWIFT include a single connectivity channel to all of your banks, greater transaction visibility and reporting, combined with increased security and reliability – all of which enable comparatively lower transaction costs. ...