Bottomline is excited to be part of the Sibos community once again this year. We're ready to engage with you and continue our dialogue on driving your digital payments modernisation strategy. From Real-Time Domestic & Cross-Border Payments to transitioning to ISO Native, improving your operational efficiency via a single hybrid SaaS platform, and implementing best practices for fraud and liquidity management, we’re eager to continue the conversation.
Highlights at Sibos this Year
Swift and Bottomline: Accelerating Best Practice Cross-Border Payments
Join Bottomline and Swift as they discuss the future of real-time domestic and cross-border payments and why Pre-Validation, Customer Case Management, ISO 20022 and Swift GPI hold the key to success.
Last Year at Sibos: Key Bottomline Activities On-Demand
Managing Change with Platform Services -Transitioning from On-Premise to SaaS
Vitus Rotzer
Chief Product Officer - Financial Messaging
Bottomline
Building the business case for SaaS
Banks and FI have very busy roadmaps which are being steered by key industry initiatives from ISO 20022, to domestic and cross-border real-time payments, fraud management, or cash positioning. Whether implementation is being driven by industry regulation or the need to remain competitive by meeting customer expectations, the pressure to deliver speed to market and operational efficiency is causing pain and concern.
SaaS, Cloud, and the ISO 20022 standard are, in themselves, pretty ‘dry’ topics, and tech is tech. What is more interesting is how they impact the delivery and performance of innovative new payment solutions and remove the aforementioned pain.
- What are the top priorities for Banks & FIs on their product roadmaps over the next 12 months – Real-Time, Cross-Border etc.?
- What are the new regulatory priorities, and how are they driving domestic and international payments?
- How are you prioritising your busy roadmaps, and what potential does ISO & SaaS have to help solve any pain points you are experiencing?
- How can SaaS and ISO be used to generate new revenue streams?
- How can fraud losses and issues with friction be mitigated?
- What critical questions should you ask before you build, partner, or buy anything?
The Future of Competitive Advantage in Banking & Payments Sibos Panel Session
Listen to Bottomline, Swift, Zanders, Payments Canada and Banque Cantonale de Geneve as they discuss the latest trends and pain points impacting banks & financial institutions in 2023 and beyond. This session also leverages key data from our third annual global benchmarking survey with feedback from over 500 banks & FIs, to understand how financial insitutions are prioritising their digital payments transformation strategies.
Watch the recordings below:
- What are the product roadmap priorities for banks in the next 12 months?
- Are FIs aligning their priorities with what their corporate customers are asking for?
- What are the key barriers for real-time and cross-border payments and how can they be overcome?
- What are the use cases for ISO 20022, including fraud monitoring and cash positioning?
Get your Essential Guide Now
Our exclusive report on Achieving Competitive Advantage In APAC Through Digital Payments Modernization combines insights from the latest trends and pain points to help accelerate your digital payments transformation strategy in APAC.
Rising to the Fraud Challenge 2024
Open Banking Expo and Bottomline are pleased to bring you this report, ‘Rising to the Fraud Challenge’, which takes a deeper dive into the global fraud landscape through insights from senior executives at Bottomline, the latest industry statistics and a contribution from Pay.UK. Across financial services, fraud has always been a risk management priority for organisations and businesses. However, as the scale and scope of fraudulent activity has increased, so too has the sense of urgency and the wherewithal to tackle it.
Fraud detection and prevention is top of mind for the industry across payments, Open Banking and lending.
Bottomline's Digital Magazine for SIBOS 2023
There's no shortage of critical issues on the Sibos agenda for global finance leaders. Among them: cross-border payment efficiencies, next level approaches to ISO 20022 and use cases for real-time payments. You'll find these issues and more covered in this exclusive collection of content for Sibos from the subject matter experts at Bottomline.
Finextra Interview on Payments and Banking Report
Zhenya Winter, Head of Marketing – Financial Messaging, Bottomline, and Vitus Rotzer, CRO – Financial Messaging, Bottomline, discuss their recent report on The Future of Competitive Advantage in Banking & Payments at Sibos 2023. Focusing on digital payments modernization strategies, they discuss banks & FIs plans for the year ahead and the transition to ISO 20022.
End-to-end visibility takes centre stage for banks – top takeaways from Sibos 2023
Sibos 2023 is in the books. Kudos to event host, Swift, for assembling a four-day agenda packed with relevant panels ranging from the next steps on ISO 20022 to the usage of AI, to longer-term issues like CBDCs. You’ve undoubtedly read more than a few event summaries, many of which I found quite insightful. However, before you write this entry off as yet another event recap, I invite you to indulge me for a few paragraphs. For me, Sibos provided a roadmap for the present and near-term future of the global payments business. I’d encapsulate it in the trend toward end-to-end visibility of global payments.
The Future of Competitive Advantage in Banking & Payments 2023
Sibos 2023 is behind us and the results of this year’s banking survey, which is all about financial institutions maintaining a competitive advantage, are now in. On the back of this, we spent time chatting with Zhenya Winter, author of the report, to get her take on key Sibos takeaways and how some of its content aligned with the 2023 survey findings.
Cross-border momentum continues with Swift Essentials introduction
The world of cross-border payments is advancing and progressing, after gaining momentum in 2023. According to The Bank of England, the value of cross-border payments is expected to grow from nearly USD 150 trillion in 2017 to over USD 250 trillion by 2027, which represents a substantial increase of over USD 100 trillion in just ten years. Vitus Rotzer – Chief Product Officer, Financial Messaging, Bottomline, discusses Swift Essentials, which aims to further enhance cross-border payments by addressing key industry challenges and offering solutions to improve efficiency, compliance, and technology adoption.
About Bottomline
Bottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline’s secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $10 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $160 billion in assets under management.
Transitioning from on-premise to SaaS
Bottomline’s Universal Aggregator IQ addresses challenges for corporates, banks, financial institutions, and governmental organizations by providing a seamless, single access point to multiple payment networks, systems, and infrastructures.
The Universal Aggregator IQ is a first-of-its-kind, configurable solution offering unrivaled global reach, flexible and secure integration with back-office environments and compliance with all technical and regulatory requirements.
Cloud-based financial messaging - a single point of access to multiple payment networks
Banking on the future with cloud-based infrastructure podcast
ISO 20022 – The Road to ISO Native
ISO 20022 provides the standardisation needed for interoperability between traditional and new cross-border channels and the abundant availability of rich data and related (artificial) intelligence allows us to route payments intelligently and to choose the right channel for each transaction, whether it is to drive new coverage in markets or currencies, or to optimise the execution in existing markets. The impact that the richer data will have on fraud monitoring & compliance, cash-flow management and data and analytics provides justification enough for the immediate adoption of ISO 20022 Native to be front and centre of any bank’s roadmap.
Driving Real-Time Payments Innovation
The pace of change in payments globally has never been so dramatic and exciting with the roll-out of new regulatory mandates by the EU Commission for SEPA Inst, SIX, and the National Bank of Switzerland SIC IP phase one and two initiatives, FedNow releasing clear guidelines and Pay.UK set to announce updates for NPA.
Real-time payments are simply ‘table stakes’ for corporate customers with the adoption of real-time payments globally is ranked in the top ten as one of the critical drivers of change across businesses, with 75% of organisations also having a need to make international payments according to the Bottomline 2023 Business Payments Barometer. Put quite simply, if you don’t offer it to end customers and corporates, then they are more than likely going to rethink their relationships with your financial institution and switch. A fact that banks have recognised with 55% of banks and FIs said adopting new payment rails, such as real-time payments, was their top priority over the next 12 months in our 2023 Competitive Banking Survey for Banks & FIs. The good news is that real-time payments represent a real revenue opportunity that will only grow as banks find new ways to leverage it.
Case Studies
