I received a press release last week from the Eur0pean Central Bank that shows new statistics for the migration to the Single Euro Payments Area (SEPA), which gathered pace strongly in December 2013. According to the latest figures provided by national central banks, 74% of credit transfers in the euro area were already SEPA-compliant at the end of…
In this guest blog post Nick Senechal, Stategy Leader at VocaLink, looks at the trends in payments processors and clearing operations, with a view that there will be further consolidation in the sector over the next few years. Over recent years the focus of many predictions around the future of payments has been on greater…
The year ahead of commercial banking is also a challenging one, as corporate needs are changing and technology is impacting their value and supply chains, as much as banks and, in some cases, if not more. I don’t think 3D Printing will be the big ticket change this year, although this is on the horizon…
This is my penultimate review of 2013, as we head towards the shutdown season, so here goes 2013 was the year of meditation. Banks had the chance to think, reflect, plan and look ahead. After five years of manic panic, hysteria, anger, fear, angst and doubt, 2013 was the first year we could actually have…
Still busy in the Financial Services Club world with meetings in Stockholm, Vienna, Warsaw and London all in the past two weeks. The interesting theme of all these meetings, and those in our future plans, is the digitisation of banking. Most notably, the Chi-x BAT effect noted in our Stockholm launch meeting of the Nordic Financial…
Still busy in the Financial Services Club world with meetings in Stockholm, Vienna, Warsaw and London all in the past two weeks. The interesting theme of all these meetings, and those in our future plans, is the digitisation of banking. Most notably, the Chi-x BAT effect noted in our Stockholm launch meeting of the Nordic Financial…
One of our partners at the Financial Services Club is CFIR, the Copenhagen Finance IT Region. CFIR is an EU-funded networking group in Denmark who produce research and events around the developments in Danish banking and payments. Over the past year, CFIR has worked with the Copenhagen Business School, IBM, Danske Bank, NETS, the Innovation…
One of our partners at the Financial Services Club is CFIR, the Copenhagen Finance IT Region. CFIR is an EU-funded networking group in Denmark who produce research and events around the developments in Danish banking and payments. Over the past year, CFIR has worked with the Copenhagen Business School, IBM, Danske Bank, NETS, the Innovation…
I know that it’s getting nearer to Christmas and the party season has kicked in, but yes, I’m still here blogging about banking business. There were lots of headlines about the second major RBS payments glitch last week. Here are just a few: RBS suffers IT glitch on Cyber Monday, New Zealand Herald-3 Dec 2013 RBS and Natwest customers…
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