Correspondent banking is essential in today’s global economy, but not everyone knows how the system works. Here are six key things to know.
Continue readingSix things you should know about Correspondent Banking
Why Is There a Lack of Options for SME and Small Corporate Banking?
Anyone who follows or reads about Fintech companies will know that they excel at finding profitable niches in financial services and exploiting them. Once they have identified a specific vertical they can profitably serve, they need to draw clients away from their one-stop-shop bank by mitigating the inconvenience of using one extra service.
Continue readingDo you understand what a virtual account / vIBAN really is?
Public domain information on the application of virtual accounts tends to be written from the perspective of the software company selling the Virtual Account (VA)software and/or focus on cash management for multi-national corporates. There is very little out there to help smaller corporates understand virtual accounts or virtual IBANs (vIBANs). The intention of this article is to provide something which fills that gap and to look at virtual accounts from a practitioner’s perspective.
Continue readingWhat you need to know about the safeguarding of accounts, assets and funds
This blog provides a detailed description of safeguarding and looks at it from a practitioner’s perspective.
Continue readingWhat are bank codes and why do they matter?
You’ll come across many acronyms when conducting business abroad such as; BIC, IBAN and SWIFT – we’ve broken down the bank codes and explain what they are.
Continue readingWhy technology is now king in banking
Managed banking is built to be robust, transparent and flexible so that it seamlessly fits with your system, banks’ systems and requires no maintenance from you.
Continue readingIs managing your bank limiting your growth?
It can come as a surprise to anyone that’s not had to set up a cross-border business – but it can take six months or more to negotiate a new bank relationship. Time spent on finding, selecting, negotiating and then integrating these relationships is time that your senior team is not spending on growing the business. It can be a significant drag on growth.
Continue readingAre multi-currency vIBANS the banking solution you need?
There’s no denying that virtual bank accounts or virtual IBANS – vIBANS for short – are an interesting feature and are fast becoming a staple in the banking world.
Continue readingWhat is Managed Banking, and how will it help my business?
Managed Banking is a simple to use, but flexible approach to finding and maintaining the right banking relationships, payment infrastructure and currency corridors; all offered as a service in support of business requirements.
Continue readingIs 2020 the year of challenger business banking?
Recently – the past two years in particular – has seen a rise in business banking, with challenger banks emerging to take advantage of slow, legacy technology and outdated processes.
Continue readingCan we trust Open Banking?
Open Banking makes financial data interoperable. But whilst the tech is in rude health, customer sentiment is far behind what fintechs might expect…
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