Why Treasurers Can’t Ignore the New ISO 20022 Standard
Our treasury consulting team recently invited six vendors: Cegid, Diapason, FIS, Kyriba, Neofi, and Sage to a workshop focused on the migration to ISO 20022. At this event, they sat down with our experts, Iris Rousselière and Jéromine Adler and discussed their thoughts on this transition as well as how companies can benefit from it.
“How companies can maximize the interest they earn on their cash deposits”
The recent banking turmoil reminds everyone just how important it is to be managing counter party risk. This disarray also demonstrates the strategic nature of deposits for financial institutions. According to Alexandre Bousquenaud, one of the key objectives treasurers should focus on in this environment is negotiating their yield on cash balances to take advantage of ongoing monetary tightening.
The New ISO 20022 Timeline
Initially scheduled for the end of November 2022, the start of banks’ migration to the ISO 20022 standard for payments has been postponed by a few months. Rather than just being something new to comply with, the standard will enable banks to provide new services to businesses thanks to the enriched information that this payment format involves, and there will also be big benefits for corporate. Here’s what we found out about ISO 20022 during SIBOS in Amsterdam last October.
Open Banking and the Need for Instant Treasury
Instant treasury is becoming more of a necessity as treasurers are increasingly looking for solutions that allow real time visibility on their cash positions. At the same time, open banking has become more accepted by many organizations as a result. So, what exactly is instant treasury and how can it be leveraged properly?
Treasury Dragons – Turning Bank Data Into Decisions
Bridget Meyer faces the Treasury Dragons in a live session that looks under the hood of the best-of-breed bank fee analysis systems, including a live Q&A with real corporate treasurers.
Banks Are Upgrading Their Billing Systems – Is Your Bank Fee Software Ready?
In the last 12 months, we have seen unprecedented amounts of changes to bank fee reporting due to bank mergers, system upgrades, bank fee rationalization projects, and the new AFP2020 Service Code rollout. How do you prepare your billing systems to manage these changes to your pricing agreements and confirm their impact on your bottom line? Depending on your vendor, this responsibility may fall on you. Watch our webinar hosted by our experts Bridget Meyer and Dave Strand to find out if your software is ready.
The BSB Files – Understanding Bank Services Billing
In preparation for our upcoming webinar on Thursday, June 9th, 2022, we decided to dig into the Redbridge archives and highlight articles relevant to the topic of bank fee monitoring.
Global Digitization in the Depository Space
While the last few years have created significant changes in the treasury landscape with a rapid push towards digitalization (e.g. the resurgence of the QR code), the pace of change within the depository environment is better described as a slow and steady march.
The Future & Alternatives to SWIFT GPI
Almost eight in ten MT 103 cross-border payment messages are now sent via GPI, making Swift’s initiative to improve the level of banks’ services in cross border payments a great success. However, will the rise of new technologies such as blockchain and cryptocurrency now challenge Swift’s dominance in the cross border payments field?
Where Do Banks Stand in the Race for Digital?
Banks invest to improve and digitalize both their internal processes and their customer offers. Even so, there are still huge differences among them, as all banks did not start this race at the same point and do not move at the same speed, write Samantha Felipe-Lopez and Wesley Johnson.
Cashflow Forecasting Systems : What’s New?
Despite the importance of cashflow forecasting for a company’s investment and financing decisions, a majority of companies still rely on a single technology – Excel spreadsheets. Solène Moyne, senior analyst at Redbridge, reviews the capacities of the different cash flow forecasting systems and tools currently on the market.
The Global Resurgence of QR Codes
We have all seen QR (Quick Response) codes in our daily lives. These scannable, square-shaped, two-dimensional barcodes serve a similar purpose as traditional barcodes, but they can hold much more information.
Cashflow Forecasting: Blending Methodologies Is a Management Necessity
With all of the uncertainty in today’s world – economic turbulence and political turmoil – it’s more important than ever for businesses to be able to forecast future cashflows accurately.
PCI Compliance in an E-Commerce World
When diving into the fast growing E-commerce market space, one of the most important avenues to consider from a merchant’s standpoint is securing the cardholder’s data.