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An innovative resource for the UK Financial Services sector

Gateways to the Banking Industry

There are a number of services that Bank’s provide co-operatively.

This area of activity corresponds to the interaction of a Financial Services Group with counter parties for the provision of a service to a customer. Many financial services require the co-operation of ostensibly competing companies. These are often highly automated and use industry standard Gateways.

Examples include:

  • SWIFT
  • CHAPS
  • SWITCH
  • SOLO
  • Bankers Automated Clearing Service (BACS)
  • VISA
  • MASTERCARD
  • CHEQUE CLEARING
  • CURRENCY CHEQUE CLEARING
  • Continuous Linked Settlement (CLS)
  • LINK

 

Read articles in this category:

  • Big Bank Collision Course (August 22nd, 2016): Different arms of Government are driving change in UK banks whose co-incidence in time looks very hard for banks to handle.
  • PSD Part 5: So What Do Banks Have To Do? (August 21st, 2007): The Payment Services Directive (PSD) has not received anything like the media air time that SEPA has but for a UK bank it is actually a more important set of changes.
  • PSD Part 4: Refunds and Complaints (August 21st, 2007): The Payment Services Directive (PSD) has not received anything like the media air time that SEPA has but for a UK bank it is actually a more important set of changes.
  • PSD Part 3: Value Dates and Cycle Times (August 21st, 2007): The Payment Services Directive (PSD) has not received anything like the media air time that SEPA has but for a UK bank it is actually a more important set of changes.
  • PSD Part 2: Impact on Competition and Changes to Pricing (August 21st, 2007): The Payment Services Directive (PSD) has not received anything like the media air time that SEPA has but for a UK bank it is actually a more important set of changes.
  • PSD Part 1: Definition, Mechanism and Scope (August 21st, 2007): The Payment Services Directive (PSD) has not received anything like the media air time that SEPA has but for a UK bank it is actually a more important set of changes.
  • Agency Bank Cheque Clearing (January 22nd, 2007): For those who are not familiar with the UK Cheque clearing processes we have created two further reports that explain the current UK cheque clearing processes.
  • Current UK Cheque Clearing Process (January 22nd, 2007): For those who are not familiar with the UK Cheque clearing processes we have created two further reports that explain the current UK cheque clearing processes.
  • What The Government’s Cheque Clearing Changes Mean For Banks (January 21st, 2007): The Government has announced changes that have to be made by end 2007 to the cheque clearing system. An explanation of the government changes and how these impact Clearing Bank and non-Clearing Bank cheque processes.
  • SEPA (November 22nd, 2006): SEPA is just for European banks, right? Wrong! UK banks have to do quite a lot. Find out what…
  • Development of Payment Systems within Banks (September 25th, 2005): The new industry driven real time payments for internet banking, telephone banking and standing orders will cause banks’ IT departments to re-engineer their core banking systems. This will be a major area of systems development over the next few years and this article describes the impacts by systems area.
  • Collection Accounts and Agency Banks (August 28th, 2005): The main clearing banks provide special services for: Organisations receiving very large numbers of payments (e.g. utility companies, retailers, local government etc.) Small banks and building societies who do not want the hassle of running their own clearing and payments operations. The former use a service called a Collection Account, sometimes called a Head Office Collection Account or ...
  • Real Time Accounting (August 28th, 2005): The new industry driven real time payments for internet banking, telephone banking and standing orders will cause banks’ IT departments to re-engineer their core banking systems. This will be a major area of systems development over the next few years and this article describes the impacts by systems area.
  • Appendix 3: Low Value Payments – Cost Saving Opportunities (November 26th, 2004): Should be read in conjunction with The Outsourcer’s View – An Interview with Unisys and How can we make substantial cost reductions to Europe’s Payments?. This example is based on the kind of payments that are made by an Automated Clearing House. There is no uniformity in Europe as to exactly what is in the scope but there is ...
  • Appendix 2: Foreign Currency Payments – Cost Saving Opportunities (November 26th, 2004): Should be read in conjunction with The Outsourcer’s View – An Interview with Unisys and How can we make substantial cost reductions to Europe’s Payments?. This example uses foreign currency payments based on the correspondent banking model. This area is one of the most standardised but savings can still be made. The diagram below illustrates the key elements based ...
  • How can we make substantial cost reductions to Europe’s payments? – An agenda for Banks, Outsourcers and the European Commission (November 26th, 2004): With Europe’s hundreds of banks collectively knit together, one would expect the European Payments system to be fundamentally efficient. However, this is not the case.Our report investigates why this is the case and considers how cost savings can be made, paving the way for substantial economic growth.
  • The Outsourcer’s View – An Interview with Unisys (September 26th, 2004): For a different perspective on Payments and Outsourcing HBW talked to Unisys, in particular, Mike Eaton, Managing Partner for Financial Services and Gerry Heard, Head of Outsourcing Solutions.
  • Core Banking Processes and Recent Strategies (April 27th, 2003): This report specifically examines recent strategies and technologies in relation to the Core Banking engine and assesses success / failure.