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Accuity Insights

A Growing Threat: Are large global corporations safe from cross border payments fraud and errors?

In February 2016, the Bangladesh bank heist sent a massive wave of anxiety through the world’s commercial banking sector. The industry continues to ponder how this could have happened to the banking network when it is protected by highly sophisticated procedures and systems to manage their complex web of global payments. In March 2015 another […]
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Accuity Insights

Rejuvenating a legacy: can Swift’s Global Payments Innovation Initiative (GPII) keep banks in the correspondent banking game?

FinTech innovators like Earthport, Ripple and Currency Cloud are driving competition in the cross-border payments market and changing customer expectations for international payments. As banks, the traditional players in this market, determine how to handle this threat, SWIFT responded with the Global Payments Innovation Initiative (GPII) in 2015. This project provides a case study of […]
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Accuity Insights

Mie-Yun Lee: The Future of Payments Innovation

These are exciting times in the payments sector. There is so much change, so much innovation going on and much more on the horizon. We talk to Mie-Yun Lee, Chief Product Officer for RBI and EVP Innovation at Accuity, about what the top innovations are, who is behind them and where the industry is heading.  […]
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Accuity Insights

Faster Payments: The Challenges

Our previous blog posts in the Faster Payments series have established that the general will is there for faster payments and momentum is growing. In this, the final post in our series, we look at what has prevented it from becoming a reality for all transactions, across all borders. There are several challenges that still need to be […]
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Accuity Insights

Faster Payments: The American Dream

At the moment, the United States is lagging behind other countries when it comes to the processing speed of its payments; there are already countries in Europe and Asia that are able to make instant payments. Despite the 24/7 culture that is so prevalent in the U.S., 24/7 payments are not yet an American reality. That […]
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Accuity Insights

Faster Payments: Establishing Standards

Faster payments are on their way, albeit more slowly than many of us would like. By faster payments we mean real-time payments across the globe for all payments, be they large or small, corporate or non-corporate. Although the momentum for faster payments is building, there is still quite a lot behind the scenes that needs […]
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Accuity Insights

Accuity Opens New Frankfurt Office

Accuity, the leading global provider of Payments, KYC, Risk and Compliance solutions, has just opened a new office in Frankfurt to serve its rapidly expanding client base in the Deutschland, Austria & Switzerland region. The team is led by Regional Director Thilo Schreyer and will focus on servicing existing client accounts, as well as developing new […]
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Accuity Insights

Faster Payments: Making Real Time a Reality

What’s the really hot topic at all the payments conferences at the moment? Faster payments. It is the topic of conversation everywhere and some countries are doing more than just talking– they are making moves to turn it into a reality. The UK has the Faster Payments service, Singapore has G3 and Australia the New […]
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Accuity Insights

New Indian Payments Rules for Corporations

Corporate Treasurer has reported that in India, corporations are now allowed to conduct banking activities to enable them to target individuals without bank accounts. Henry Balani, Accuity’s Head of Innovation, observes that the responsibility being placed upon corporate treasurers will increase significantly as a result of the additional compliance issues and operational requirements which will undoubtedly emerge from the […]
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Accuity Insights

Virtual Currencies: New Guidance from FATF

FATF have just released guidance on how countries should deal with virtual currencies. This report is significant as it acknowledges the growth of alternative forms of digital payments and the risks it imposes. However, what is also significant is that it urges member countries to update their AML/CTF regulations to incorporate the risks to both the Bitcoin […]
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