Personal Deposit Accounts

whitePaper | February 23, 2022

The race for European banks to offer Instant Payments (IP) is more urgent than ever before. COVID-19 has piled on the pressure to adopt: throughout 2020, the average daily SCT Instant transaction volume more than doubled due to new purchase behavior. In addition, by November 2021 European banks that are TARGET2 direct participants are also mandated to be TIPS reachable – one of the two major SEPA instant CSMs.

whitePaper | September 15, 2022

There have been numerous examples of how payments digitalization has transformed society in recent years, whether it be the surge in mobile money usage in sub-Saharan Africa, the stunning success of real-time payments in markets such as Brazil, India, and Thailand, or the increased adoption of contactless payment methods following the COVID-19 pandemic. According to the World Bank, roughly two-thirds of the population now make and receive digital payments, with the share of adults in developing economies increasing from 35 percent in 2014 to 57 percent in 2021. This shift has not only led to reduced cash usage and the availability of more convenient payment options but also to much needed improvements in financial inclusion and digital access for underserved populations.

whitePaper | September 3, 2022

Money has transformed human society, enabling commerce and trade even between widely dispersed geographic locations.

whitePaper | July 20, 2022

Business-to-business (B2B) companies today can choose from a growing number of sophisticated options to make and receive payments. Driven by their need for greater speed, fewer errors, lower costs, and better security, companies are adopting new technologies to pay — and be paid by — partners, contractors, product distributors, and suppliers.

whitePaper | July 3, 2022

Founded in 1896, Barclays is among the world's oldest banks and enjoys the patronage of some of Europe's most profitable corporations. In 2021, Barclays claimed over 48 million customers, amassed over its 120+ year history. On the other hand, Revolut is a UK neobank that has acquired over 15 million account holders in less than a decade since its founding. These numbers are illustrative of a larger shift in the global banking system, with agile, digitally empowered financial service providers making inroads into mainstream banking territory. Currently, traditional banks, with their large product and service portfolios and legions of loyal customers, still hold the lion's share of the European banking market.

whitePaper | April 26, 2023

The treasury department’s role within a bank has become more strategic and central over the last decade. Treasury teams have prioritized the delivery of a robust risk management, governance and compliance framework as well as optimizing the bank’s liquidity and balance sheet. However, a bank’s treasurer, in its role as custodian of the bank’s balance sheet, is facing a multitude of industry drivers and macro-economic challenges that will require a new approach.