Financial Services Tech Forum

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Corporate treasurers are yet to be convinced about the benefits of open banking and application program interfaces (APIs). A majority of them (55%) attending the EuroFinance international treasury management show at Palexpo in Geneva, Switzerland, 26-28 September which attracted 2100 delegates, said it 'wasn't relevant' or they didn’t know about it when asked how they viewed the EU Payment Services Directive (PSD)2. This is the regulatory driver behind the trend in Europe.


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One of my key takeaways from the Association of Corporate Treasurers (ACT) Conference 2018 that I recently attended in Liverpool, UK, on 15-16 May, where 1100 treasurers and lots of commercial banks and vendors packed the ACC venue, was the re-emergence of virtual bank accounts as a hot topic.


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The Blockchain for Treasurers session at the Association of Corporate Treasurers (ACT) Conference 2018 that I recently attended in Liverpool, UK, explored the potential opportunities the technology might offer. But some in the packed room wanted a more basic explanation of what it is and how it might usefully be applied.



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