Latest Banking Articles
Corporate treasurers now have a choice between connecting to the SWIFT network directly, or through service bureaus. There are advantages in both options, Jordan M. Olack, KeyBank Senior Vice President, Product & Innovation, Channel Services Group, tells gtnews.
‘Proactive, not reactive’ should be the rallying cry if banks are to retain their corporate clients in today’s challenging environment. This means recognising the changing needs of companies - many of which lie beyond the services that the banking sector has traditionally provided - and responding effectively.
When security worries keep US banks from meeting the market’s call for faster payments, what’s the answer - forego innovation or employ more innovative security? The experiences of the UK, Australia, Sweden, South Africa and elsewhere can inform the path of US banks.
Could the rise of alternate payment providers (APPs) spell the end of correspondent banking? Unlikely, considering the benefits banks provide their corporate clients.