Author Archives: Joe Spatarella

Managing the Gap between Real-Time Payments and Real-Time Information

U.S. Commercial Banking is transitioning to real-time processing, which has implications for transaction velocity, processing time, and risk factors. This transition needs new business, product, and technology strategies, as discrepancies can lead to unanticipated risk. A majority of banks lack the real-time integration needed but third-party middleware and cloud-based data streaming may provide solutions. The integration of bank applications with real time payment systems opens opportunities for authentication, risk monitoring, payment validation, and more, but also introduces potential risks and dependencies.

The Product Innovation Process for Commercial Digital Banking and Treasury Management Products

We are experiencing a new wave of emerging technologies such as cloud, AI, Robotic Process Automation (RPA) and blockchain that challenge our ability to integrate these horizontal components into purpose built vertical solutions, taking the innovation process to higher level of complexity. This is especially true for commercial banks, where digital banking and treasury managementContinue reading “The Product Innovation Process for Commercial Digital Banking and Treasury Management Products”

Treasury Management Opportunities Behind the Mystique of Open Banking

Open banking can mean different things to different audiences. In the United Kingdom, where it was ushered in by government mandate, it’s about allowing consumers to share their financial data with non-bank providers of financial and payment services. European Union regulators have issued similar edicts focused on the retail financial services market. Much of theContinue reading “Treasury Management Opportunities Behind the Mystique of Open Banking”