Last Thursday, SWIFT announced that it had been instructed by the European Union to disconnect all of the sanctioned Iranian banks from its global financial network. SWIFT’s CEO, Lázaro Campos, stated that “Disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial [...]
Read More» For several years now there has been an ongoing debate in the industry about how strategic information technology is to businesses. Some, such as Nicolas Carr, have argued that IT is now ubiquitous and no longer offers strategic advantages to businesses. Working for an IT vendor, I have an inherent bias towards arguing that IT [...]
Read More» B2B Integration Networks are making the front pages of the newspaper again today as SWIFT faces growing pressure to block Iranian banks from using its network. An article from the Associate Press this morning provides a full background on the story stating “The United States and Europe are considering unprecedented punishment against Iran that could [...]
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Are you in the process of upgrading your Treasury Management System (TMS)? So are many other Global 1000 organizations. At GXS, we work with dozens of multi-national corporations each year embarking on treasury transformation projects. Some are seeking better information about offshore cash balances. Others are focused on hedging currency and interest rates. But one [...]
Read More» As in years’ past, GXS exhibited at the 2011 AFP (Association for Financial Professionals) Annual Conference, held in Boston, Massachusetts. A central theme of the Global Treasury and Treasury Operations educational session tracks was treasury transformation, driven by shared service centers, aging technology, increasing demands on Treasury “to do more with less”, and the availability [...]
Read More» Amid a week in which Moody’s downgraded three top US banks and the global stock market fell into bear territory, SWIFT held its annual Sibos Conference in Toronto, Ontario, Canada. Billed as the world’s premier financial services event, this year’s Sibos brought together more than 7,000 leaders from financial institutions, market infrastructures, multinational corporations and technology partners [...]
Read More» SAP announced this morning that it plans to fully acquire Crossgate. This is good news for the B2B integration sector as it acknowledges I trend that I have been discussing on the EDInomics blog for several years now. B2B integration is becoming increasingly strategic to large corporations. As more and more specialization and outsourcing occur [...]
Read More» This week GXS exhibited at the NACHA PAYMENTS 2011 conference in Austin TX. I had the opportunity to attend sessions ranging from online cash management to payment standards to emerging country payments. One session caught my eye, “Cloud and Payments: Let’s Talk Business”, especially as a corollary to the cloud presentation I attended at the [...]
Read More» Last week, representatives from GXS attended the annual SWIFT Operations Forum Americas (SOFA) in New York, NY. Sponsored by SWIFT, SOFA brings together SWIFT staff and executives from around the world to collaborate with SWIFT clients, prospects and partners. As a leading provider of cloud-based business-to-bank (B2Bank) integration services, the GXS attendees eagerly anticipated the [...]
Read More» Last week I had the opportunity to attend the annual SWIFT SIBOS event in Amsterdam. There were three separate sessions on the topic of e-invoicing, which seems to be replacing supply chain finance as the “new new” thing in trade finance. However, a number of barriers exist to greater adoption of e-invoicing in Europe. Service [...]
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