Sibos News
RBC makes first cross-border payment on Canadian RMB Trading Hub
RBC-plaza-bottom-up-view-976x560

Royal Bank of Canada has made the first cross-border Renminbi payment on Canada’s new RMB Trading Hub through the hub’s designated clearing bank, Industrial & Commercial Bank of China (Canada).

New regulator plans lasting changes to the structure of the UK payments industry
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The UK’s new Payment Systems Regulator looks set to shake up the way the industry is structured, with reviews of the ownership of the infrastructure and of the way that indirect access is managed through sponsoring banks.

Pan-European Instant Payment Forum kicks off in Frankfurt

The inaugural meeting of the Open Forum on Pan-European Instant Payments drew 77 representatives from 55 payment service providers, technology providers and other stakeholders to Frankfurt this week to kick off discussions about requirements and collaboration on infrastructure services to support instant payments at a pan- European level.

International RMB usage powers ahead beyond Hong Kong

Hong Kong’s share of the international Renminbi market has fallen over the past two years as other countries increase their share, which now stands at 25% compared to 17% in February 2013

Innovative technology key to transaction banking growth in Middle East

Adoption of innovative technology will be central to the fulfilment of bullish growth predictions of 25% or more for transaction banks in the Middle East, according to a survey of market participants during a recent conference in Dubai.

Features
Starting over: Lloyds Banking Group’s transaction banking ambitions
Interview Ed smith

While a great deal of attention has been given to Lloyds Banking Group’s retail operations as its various elements are split up, less has been given to its activities in transaction banking, where it is “one year into a three-year journey” to transform itself and its customer offerings to create“the best global transaction bank in this region”.

Building a transformation vision
payments

This year marks the tenth anniversary of World Payments Report. In this extract from the report, which was launched at Sibos this week, the impact of innovation on payments is examined.

What’s not to like?

Social media technologies are gaining ground in both retail and wholesale banking, and there have been success stories so far.

Limiting collateral damage

A lack of available collateral to meet demand has become a global problem, with various models being deployed to ensure financial institutions meet the changing regulatory requirements.

Alternative realities

The debut of SAP’s Financial Services Network at Sibos last year led many to see it as a threat to Swift’s plans for corporate connectivity.

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