Variable Recurring Payments (VRP): open banking needs flexible solutions
Open Banking
The vision that the bank takes care of all your payments is tempting. Is there a new era of smart direct debits ahead? The technological key to popularizing variable recurring payments (VRP) are tools that enable advanced management…
Data-as-a-Service in banking: turn on the data tap and surf!
Data Driven Banking
The processing and analysis of huge amounts of data is becoming more and more important for the world of finance every year. How not to drown in a flood of data but to leverage the banking data by-product?
This article discusses…
MT to MX converter for ERP: a lifeline for corporate accounting
ISO 20022
If corporate back-office systems are not upgraded in time for the implementation of ISO 20022, we can expect critical payment bottlenecks in large companies. How to convert SWIFT messages to upgrade corporate ERP systems?
This article…
Data-driven approach: knock over your bank’s IT architecture!
Data Driven Banking
Improved work efficiency is one of the results of the “overturning” of IT architecture in a bank: from vertical silos to horizontal data fabric. In exchange, you get boosted efficiency, better customer data analysis, data driven decision…
SWIFT transfer? Njet! How does it feel to be on the sidelines of the global economy?
ISO 20022
EU's pivotal decision to disconnect Russian banks from SWIFT over Ukraine casts a stark light on the system's global economic role. By neglecting to implement ISO 20022 standard, banks might one day find themselves excluded from the mainstream…
MT/MX converter: parlez vous ISO 20022?
ISO 20022
MX - the new "language" for cross-border payments - enters into force in November 2022. Which SWIFT XML broker will ensure smooth communication in global banking after the launch of ISO 20022?
The history of cross-border payments began…