Connect, Comply, Compete
Exceed Expectations #SIBOS2023
Join us at Sibos
Bottomline is delighted to sponsor Sibos again this year. We look forward to helping you accelerate your 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.
Visit our stand at SIBOS - Stand Number: H34
Managing Change with Platform Services -Transitioning from On-Premise to SaaS,
18th September, 9:45-10:15 AM
Exhibitor Stage 2 (ES2)
CRO - 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?
Lunch & Learn
The Future of Competitive Advantage in
Banking & Payments
Room 707 (floor above main exhibition hall)
Senior Market Development Manager
Head of Payments go to Market
Director of Information Management, Data Analytics and ISO
Moderated by: Zhenya Winter
Head of Global Marketing - Financial Messaging
As we head into 2023 with continuing economic market volatility across the globe, the importance for banks to understand the challenges their corporate customers are facing and how to resolve them has never been greater.
Therefore, it is vital for banks & FIs to take advantage of the opportunity to compare their strategic priorities, product roadmaps, and plans for future innovation with their peers. In the process, they can discover the technology trends the industry is prioritising and make sure they are aligned.
Join Bottomline, Swift, Zanders and other industry experts as they discuss the latest trends and pain points impacting banks & financial institutions in 2023 and beyond.
We will also be examining the results 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.
- What are the main priorities for Banks and FIs in 2023 and beyond?
- How are these priorities aligned with what their corporate customers are demanding?
- How can FIs overcome the barriers to adoption for real-time domestic and cross-border payments?
- How is regulation driving best practice for fraud management & prevention?
*registration is required
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.
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.
As global business continues to expand, so too does the volume of cross-border payments. The value of worldwide cross-border payments is estimated to increase from almost $150 trillion in 2017 to over $250 trillion by 2027, equating to a rise of over $100 trillion in just 10 years according to The Bank of England. The combined research of Aite Noverica Group and McKinsey & Company predicts that revenue for cross border based on transaction & FX fees will rise to an estimated $261B by 2025. Finally, McKinsey have also said that Asia’s cross-border revenues, in particular, have been a key contributor to the region’s ongoing payments growth, increasing by an average of 6 percent annually from 2011 to 2019, and are predicted to make a steady recovery after the initial Covid-19 decline.
The key solution comes in the form of multi-lateral platforms that enable global payments through a single connection. For transactions between participating banks it offers an enhanced customer experience at a reduced cost and with security and efficiency through tokenisation, governance and rich data. Optional foreign exchange and same or next-day settlement in multiple currencies allow for true innovation and more choice.
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