The ISO 20022 standard is by no means new, at least as a concept, though in terms of implementation, things stand somewhat differently. This standard was born in 1999, at least as a proposal whereby standards would be based on structured and formal frameworks that would include end-to-end transactions, business information modelling, and validation levels that […]
When the SEPA initiative, or the Single Euro Payments Area, was first rolled out, many people didn’t see the benefits of this system, believing the changes would be inconsequential. They were quickly proven wrong. SEPA has made cross-border payments simpler, which has led to massive savings for corporates and banks alike, while also offering a wider […]
Most corporations today don’t have a treasury management system and are still reliant on spreadsheets to manage their treasury operations, which is not only time-consuming and inefficient, but cause major issues, especially for corporations operating on a global level with multiple payment hubs. Implementing a treasury management system, however, can streamline your organization’s operations by making […]
As a longterm, respected member of the treasury management system application vendor community, we’re asked by prospective clients for a review of the treasury management application marketplace.
At Payment Components we have been advising financial institutions, banks and software companies for over eight years, with regards to their SWIFT financial messaging solution provider needs.