Latest Banking Articles
The focus on operational cash management increased significantly in 2014. With the ending of dollar quantitative easing (QE) 2015 has the potential for increased volatility in FX markets and a drive for greater control over sovereign currencies. All of this puts more pressure on the treasury function, forcing an even bigger focus on transparency across cash operations.
As real-time gross settlement (RTGS) platforms have become the principal systems for the settlement of large and crucial payments in almost every market around the world, their importance to the stability of the global financial system has increased.
Supply chain finance (SCF) is attracting a huge amount of interest from organisations of all sizes. No matter whether you measure by value, volume of transactions or number of parties involved, banks and industry bodies are reporting double-digit growth.
The electronic banking internet communication standard (EBICS) is already established in Germany and France, it is making inroads in Austria and Switzerland and some banks offer it Europe-wide across their branch network. Yet while it is gaining in importance, does EBICS have what it takes to become an alternative to SWIFT?