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Banken en Financiële Markten in Vogelvlucht – Boek en e-learning voor specialisten zonder financiële achtergrond
| 21-7-2017 | Michiel van den Broek |
Sinds de jaren ’80 heeft er een ongekende schaalvergroting plaatsgevonden in de financiële sector. Door deze schaalvergroting hebben banken zich ontwikkeld tot gigantische financiële supermarkten die een zeer uitgebreid aantal financiële diensten en producten aanbieden. Banken zijn tegenwoordig IT-bedrijven waar een grote groep specialisten werkt met beperkte financiële vakkennis.
Mijn boek ‘Banken en Financiële Markten in Vogelvlucht’ geeft een helder overzicht ter introductie in de complexe wereld van banken en financiële markten. Bij het boek is een toegankelijke e-learning training beschikbaar met multiple choice vragen en een aantal video’s.
De combinatie van boek met e-learning biedt een efficiënte opleiding met basiskennis over de kernactiviteiten van banken, de verschillende bankactiviteiten en soorten banken, de oorzaak van de financiële crisis van 2008 en de ‘Bazelse Akkoorden’ waarop het toezicht van centrale banken is gebaseerd. Tevens bevat het een overzicht van de verschillende activiteiten op financiële markten, zoals de motivatie om bepaalde soorten financiële (derivate) producten te verhandelen, de prijsvorming en organisatie van de handel van deze producten. Ook de actuele onderwerpen risicomanagement en compliance komen aan de orde aan de hand van een aantal praktijkvoorbeelden van calamiteiten, zoals de problemen met MKB-rentswaps en de onbevoegde handelsactiviteiten van zogenaamde ‘rogue traders’, waaronder Barings Bank en woningbouwcorporatie Vestia.
Het boek is verkrijgbaar voor €25, toegang tot de e-learning kost €95.
Voor het boek en de e-learning kunt u mailen naar [email protected]
Een demo van de e-learning kunt u vinden op FTH.
Over de auteur: na mijn bedrijfseconomische studie heb ik vanaf 1990 gewerkt in de financiële sector. Sinds 2005 geef ik trainingen om ‘complexe’ financiële onderwerpen toegankelijk te maken voor professionals zonder economische of financiële opleiding.
Michiel van den Broek
Owner of Hecht Consult
Mobile finally makes treasury easier
| 20-7-2017 | Udo Rademakers |
On the 12th of May 2017, in GTnews an article has been placed regarding “Mobile finally makes treasury easier”. The article describes how Citibank is working to replace tokens with mobile phones and testing a multitude of options for finding a more convenient solution.
I am used to work with multiple tokens with a variety of passwords and different kind of banking applications/websites. For some of the banking sites, authorisation of payments via a smart phone was quite difficult and working from the desktop was required. A way of solving the „multiple token issue”, is using a third party provider which (re)connects all payments via (cloud based) multi-bank platforms, however this is not needed for each and every Treasury department.
If banks are working on an easy authorisation method via modern, smart and above all secure technology (like digital fingerprint ), I am confident that the payment control and executions for most Treasurers (and CFO`s) will improve. Especially for the ones who are frequently travelling. If the improved –token free- payment authorisation process could be integrated with the process of obtaining information, input & approval of transactions, viewing of balances including „smart alerts“, corporate banking via mobile technology will reach the next stage in the area of cash management as well.
However, even with the greatest solutions in place, an outage of mobile network or running out of battery remains a risk – now the holiday season started perhaps anyway good to be offline for a while.
Udo Rademakers
Independent Treasury Consultant & Interim Manager
More articles from this author:
Treasurers to be the strategic super-heroes for their CFO
How to avoid payment fraud
SEPA Instant Payments – a catalyst for new developments in the payments market (part I)
| 19-7-2017 | François de Witte |
The new generation customer claims “I want it all, and I want it now”. It is his anthem for having packages delivered, ordering food or finding a taxi driver. Payments are next, and they expect the financial industry to follow by offering real time or near real time experience.
As opposed to real-time payments with smartphones, transferring money between banks or cross-border payments often takes several days to be processed. For this reason, the EPC (European Payment Council) decided to introduce SCT Inst scheme: a real-time payment system where interbank transactions will be cleared within maximum 10 seconds at any time of the day and 365 days of the year. Similar schemes were already successfully put in place in other states (e.g. Denmark, Sweden and the UK).
Setting the scene – some use cases
As already mentioned by Boudewijn Schenkels on TreasuryXL, the characteristics of the new SEPA Instant Credit Scheme are the following:
The scheme should be operational in November 2017, but in some countries it is already live (e.g. Finland and Spain). Besides the processing, an important aspect is to ensure that the beneficiary is advised.
As Alessandro Longoni outlined earlier on treasuryXL, both from a cash management, and from a treasury perspective, Instant Payments open many new possibilities both for merchants, and corporates.
Thanks to its irrevocability, the SCT Inst will also be a disruptor for existing PSPs such as Paypal and Amazon Pay. It is expected that the banks will charge much lower fees then them. We might also expect that this scheme would also challenge in the cards market, where new players could benefit from both PSD2 and SCT Inst to offer more competitive payment schemes. However the card operators might also react by adapting their prices and/or offering additional new services.
For the banks, merchants, and the payment industry more widely, the PISP (Payment Initiation Service Provider) model will have a significant impact on the way in which consumers and merchants transact in the future. Unlike the traditional four-party card model, customers would “push” cleared funds to merchants, with ACH transactions replacing the current card CSM (Clearing & Settlement Mechanism). This will significantly simplify the existing payment model, with fewer players and interactions involved.
The drawing down below illustrates this quite well:
Source: OVUM – Instant Payments and the Post-PSD2 Landscape
We also expect that thanks to the new schemes and competitors, the use of cash will decrease, although cash will remain important for a while. Cash is accessible to all, also those who do not have a bank account. It enables immediate settlement without intervention of a third party. Cash is the only payment instrument that currently guarantees the user’s privacy and anonymity, while all electronic transactions are traceable.
In the second part of this article, which will be online next week, I will tell you more about instant payments as a game changer.
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More articles from this author:
Treasury for non-treasurers – cash conversion cycle and working capital management
Flex Treasurer – Besparing na een Treasury Quickscan: nog meer praktijkvoorbeelden
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