Connect, Comply, Compete
Exceed Expectations #SIBOS2023
Bottomline was delighted to sponsor Sibos again this year. We really enjoyed helping our clients and prospects accelerate their digital payments modernisation strategy. Whether that be for Real-Time Domestic & Cross-Border Payments, transitioning to ISO Native, improving your operational efficiency via a single hybrid SaaS platform or best practice fraud and liquidity management, we want to continue the conversation.
Key Bottomline Activity to Watch On-Demand Post Sibos:
Managing Change with Platform Services -Transitioning from On-Premise to SaaS,
Chief Revenue Officer - Financial Messaging
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:
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.
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.
Four issues to watch as Sibos 2023 kicks off in Toronto
Following Sibos 2023 in Toronto, it’s tempting to join the event host SWIFT in gazing into the next three years of international finance. That future contains real-time changes to an organisations’ securities settlement platform, upgrades to its transaction manager solution and, of course, the potential development of CBDCs. But at its core, SWIFT is about facilitating cross-border payments, and that issue is set squarely in the present geopolitical and economic situation. Hence the theme “collaborative finance in a fragmented world.”
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.
Bottomline makes business payments simple, smart and secure for businesses and financial institutions, of all sizes, all over the world. More than 10,000 corporate customers, 1,400 commercial and business banks, including 15 of the top 25 global banks, rely on our industry-recognized payment and software platforms to accelerate digital transformation in a complex world of business payments and financial management. Bottomline solutions touch customers and payments in 92 countries across six continents. Our teams serve the world from primary locations in the United States, the United Kingdom, Switzerland, Israel, India, Australia and Singapore. Bottomline is a portfolio company of Thoma Bravo, a highly respected software-centric private equity firm with $120 billion in assets under management.
Bottomline financial technology helps banks and non-bank financial institutions transform for future needs, and those of their business customers, across the business payments and cash lifecycle through key capabilities including:
Financial Messaging: Securely communicate, reconcile, and manage the data in financial transactions within, and between banks and non-bank financial institutions, both locally and internationally.
Digital Banking: Leading digital commercial banking experience for businesses of all sizes to drive payments & cash management, delivered through the banks that serve them—including 17 of the top 50 US banks. End users expected to originate in excess of $4 trillion in payments in 2023.
Cyber Fraud and Risk Management: Trusted, smart global Cyber Fraud & Risk solutions for insider-employee Fraud, payments fraud, and risk case 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
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.
GET IN TOUCH
Use everything you know about your business customers to give them an insanely great banking experience.
Give us a call.
Our solution experts are here to help.+44 118 925 8250
Chat with us.
Chat with one of our solution experts. We'll recommend the right product to fit your needs.
Please note, you'll need to accept analytics cookies to use our chat function.
Our team is ready to help.
Digital everything. FinTech collabs. Open banking opportunities. Cybercrime on steroids.
Your business banking transformation starts here.