Traditionally SMS-based services have been the mainstay of mobile banking, but this has changed in developed markets with the advent of smartphones and the rise of the app economy. As mobile apps become ever more sophisticated, mobile banking is being touted as a more convenient alternative to online banking. The Bank of America was one of the first banks to catch on to mobile banking. Its iPhone app lets its customers pay bills, transfer funds and locate ATMs and banking centers across the country. Due to the functionalities offered by such ap ...

Government-imposed embargoes and sanctions on who you can trade with and how, are changing almost daily which poses a great risk to your business. How do you keep up-to-date with which payments and cash transfers are allowed?

While you may have successfully worked with many of your suppliers for a number of years — and know them well — do you have the same visibility over those working with your subsidiaries? What measures are in place to deal with invoices that cannot be paid? The penalties if you get it wrong are huge, in lost reputation a ...

Today we see many CFOs are making progress towards creating a technology-enabled finance function, but much work lies ahead. Too many companies still rely on outdated data for key decision-making and experience challenges of consolidating numerous disparate systems. For the successful delivery of insightful analytics, the capacity in the finance function must be released by the introduction of far more automated and efficient payment processes. Underpinning all of this will be digital technologies, mobile e-enabled finance tools, leading-edge d ...

The typical Treasury Management System (TMS) — SWIFT connected, multiuser and loaded with functionality is a marvel of modern technology. There are few tasks in treasury that cannot be made efficient through the use of a TMS. And very few sophisticated treasuries without one.

Yet many of these same treasuries also integrate specialist solutions for bank account management, foreign exchange, payments and other tasks with their TMS. From a technology standpoint this is a simple matter, little different from adding an additional module of funct ...

The time to migrate to SAP S/4HANA is now. According to SAP, more than 7,000 customers have signed up for S/4HANA with numbers expecting to expand exponentially in the coming year. With so many customers at the starting block we are seeing a lot of uncertainty about how to best start the implementation process in order to minimize cost, time and ease of implementation without disrupting current payment processes for all bank adapters. The TIS payment solutions are seamlessly integrated into S/4HANA, helping our Customers accelerate implementati ...