Recent Stories

Banks Face Powerful Competitors In The Payments Business

Banks Face Powerful Competitors In The Payments Business

The global payment business is growing at a healthy pace and by 2018 will account for 43 percent of all banking revenue, up from 34 percent in 2009, McKinsey concluded in a
How LEI Resembles A Shipping Container

How LEI Resembles A Shipping Container

Standing in a mockup of a shipping container at SWIFT’s Sibos conference, Matthew Reed, chief counsel in the U.S. Treasury’s  Office of Financial Research,…
Corporate Treasurers Sleep With Tablets, Awake Data-Refreshed

Corporate Treasurers Sleep With Tablets, Awake Data-Refreshed

Citi and Microsoft have launched a new app for senior treasury staff at large corporations that will allow them to keep current with their company’s positions while moving around the firm, or around the world.
Banking Change Without Core Replacement

Banking Change Without Core Replacement

A UK money center bank is finding alternatives to replacing its aging core through a series of IBM-led projects. “The bank has a very complex legacy system,” said Likhit Wagle, global…
Financial COOs Are Rodney Dangerfields No More — Finally Get Some Respect

Financial COOs Are Rodney Dangerfields No More — Finally Get Some Respect

The good news for financial COOs — business leaders want their chief operating officer to take a leading rule. The bad news — they are expected to take the lead…
IBM Helps Banks Get To Digital

IBM Helps Banks Get To Digital

What’s digital banking? “Almost every single conversation I have with my banking clients they pose that question,” said Likhit Wagle, global industry leader for banking and financial markets at…
real-time payments

Will The U.S. Catch Up In Real-Time Payments?

“Since its beginnings in 1974, the ACH Network has grown into one of the largest, safest and most efficient payment systems in the world,” says NACHA, the governing body for the U.S. payment system, on its Web site. Gareth…
supply chain finance

Traxpay And MasterCard Take Supply Chain Finance Global

Traxpay, a leader in business to business payments, has announced an alliance with MasterCard to use the payment company’s global network for connecting buyers and suppliers. Traxpay combines…
Banks Go Digital – In Layers

Banks Go Digital – In Layers

Banks are struggling to become digital, said a recent conference report sponsored by Adobe. That seemed a little puzzling — what are banks besides digital? Money, after all largely consists…