Cash management poll 2008: Results
Cash management: Cash captains see their ship come in
Citi: the $6.5 billion start-up
Emerging markets: challenges remain
Financial institutions: uncertainty breeds competition
Crunch time is looming not just because of declining revenues. More important is the relentless technological demands of the industry as a result of new regulations such as know-your-customer, anti-money-laundering, Sepa and the EU’s Payment Service Directive, Basle II and Target2 (an interbank payment system for the real-time processing of cross-border transfers).
“We recognize now that it’s smart to buy from best-in-class providers – although it was a painful process for us to accept the model,” admits Francesco Vanni d’Archirafi, global head of treasury and trade solutions at Citi, who says the logic is clearly compelling.
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