Bank of Scotland (Ireland) automated their Payments and Receipts processing with TLM® to create a centralised process management hub that delivers greater operational control, lower costs whilst improving customer service.

As part of a Finance Change programme AMP implemented TLM® Reconciliations to automate complex inter-systems reconciliations, increase match rates and drive down cost.

SmartStream Technologies commissioned this study and worked in conjunction with Aite Group on a questionnaire to interview banks across Europe. Aite Group’s in-depth understanding of the cash management market has formed a current and complete picture of the trends, challenges and IT priorities.

For electronic implementation and development of SEPA solutions, the most significant inhibitors are data translation and transformation. To streamline this effort, Informatica has developed the SEPA Solution Accelerator.

While the largest transaction banks are benefiting from new sourcing opportunities and smaller institutions look to outsource their crossborder payments, medium-sized banks that stand to lose most. These now urgently need to review their payment strategy and its impact on the infrastructure.