BAMLRSS

Talking heads: real-time payments – instant gratification

Real-time payments are coming to you

With myriad domestic instant and real-time payments systems being deployed internationally, is the next logical step cross-border, real-time payments? We asked some Sibos delegates what they think.

The future of cross-currency payments

Sean Willis, BAML

The landscape of cross-currency (FX) payments is taking on a whole new look – creating challenges for corporate financial managers and the need for new banking solutions.

Bank of America Merrill Lynch brings AI to accounts receivable

AI

Bank of America Merrill Lynch (BAML) is launching a new solution – intelligent receivables – that uses artificial intelligence (AI) and other software to help companies “vastly improve” their straight-through reconciliation (STR) of incoming payments to help them post their receivables faster, reports Banking Technology‘s sister publication Paybefore. Intelligent receivables is designed for large or […]

Payments and blockchain: Pilotville

Blockchain and payments – Piltoville

The payments industry went just a bit blockchain bonkers at this year’s Sibos. Distributed ledger technology (DLT) was a hot topic throughout the week. This was quite astounding given there are very few examples of working blockchain or DLT use cases; most of the initiatives under way are proofs of concept.

Blockchain: the theme for 2016

Blockchain

Blockchain and distributed technology have been hot topics at Sibos this year, with a raft of announcements from banks and fintechs alike. One of the areas identified as of most promise is trade finance – an area of banking that is rife with paper-based processes.

SEPA: lighting the blue touch paper

Sibos 2016 - SEPA

The single euro payments area is up and running and has proved to be a catalyst for change in the payments industry. We look at the story so far.

BAML launches China cross-border cash pool in Shanghai

BAML has open a China cash pool based on the Shanghai FT zone

Bank of America Merrill Lynch has launched an automated US dollar cross-border cash pooling services for corporations operating in the Shanghai Free Trade Zone. ZF TRW, a division of ZF Friedrichshafen, manufacturers of automobile safety systems, has implemented the working capital solution and is serving as the pilot client.

GMEX signs Bank of America, prepares for launch

GMEX is headed by Hirander Misra (pictured) and Vj Angelo

International derivatives market GMEX is due to go live on Friday after more than two years of development. Created by co-founders Hirander Misra and Vj Angelo, the new exchange has just signed Bank of America Merrill Lynch and will start by offering futures contracts backed by German derivatives giant Eurex.

Technology consumerisation will soon drive wholesale innovation

The consumerisation of technology is driving the development of new services in wholesale banking as much as it is in retail, as customers demand real-time access through mobile channels.

Power to the people

payments

The growth of peer to peer lending demonstrates that there is an alternative to the traditional lending model of banks. But can crowd funders ever replace the incumbents and do they enjoy long-run advantages or face being co-opted?

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