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What's new at Howbankswork.com?
Welcome to the Summer edition of Howbankswork.com.
- UK Banks and their loan information problem - Published in November 2009
UK Banks are under increasing pressure from a range of external stakeholders to clarify the real value and nature of their assets. There are many aspects of banking and its operations that complicate a Bank’s reaction to this pressure.
More often than not, this reaction is a tactical business intelligence initiative which is both manual and intensive....
Review this article in order to learn more about the trend, recurring pattern and solution...
Previous edition of Howbankswork.com.
- The Payment Services Directive - Published in August 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. Over time it will:
- Force banks to remove “float” from their payment systems (e.g. Standing Orders, Credit card payments).
- Reduce foreign payment complaints and refunds
- Cause them to change their foreign exchange processes
- Create more competition for payment services, both domestic and international.
All good reasons to read this article and the legislation carefully. The article is broken into the following sections:
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