Anthony Charrie, CFA’s Post

Our team on the ground at #WEF24 shares insights on the battle line between private credit and banks, global fragmentation, and public and private sector collaboration. A good watch for financial services.

Our team on the ground at #WEF24 shares insights on the battle line between private credit and banks, global fragmentation, and public and private sector collaboration. A good watch for financial services.

Our team on the ground at #WEF24 shares insights on the battle line between private credit and banks, global fragmentation, and public and private sector collaboration. A good watch for financial services.

Hello Everyone, Here is the User Guide for SWIFT Payments that covers below topics in a very detailed manner and also includes frequently asked Interview Questions related to Payment domain profile. 1. Introduction to Payment 2. Key Elements of Payment and Settlement System 3. CSM (Clearing and Settlement Mechanism) 4. Accounts (Nostro / Vostro / Loro) 5. Financial Institutions involved in Payment 6. SWIFT Payment Flow 7. RMA 8. SWIFT Messages Structure 9. ACK & NACK Notification 10. Payment Methods 11. Explanation of FIN Messages Categories (MT1**/ MT2** / MT9**) 12. RTGS payment 13. Example of Fedwire 14. Example of NACHA It's a comprehensive document of 200+ pages. Please access this document using link - https://lnkd.in/gXWWQyDV #SWIFT #Payments #SWIFTPayments #ISO15022 #Banks #Transactions #Crossborder #ISO20022 #NACHA #RTGS #Fedwire #Nostro #Vostro #Settlement #topmate

The Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service in a single-day implementation strategy on March 10, 2025. The Federal Reserve Banks will sunset the existing proprietary Fedwire Application Interface Manual (FAIM) format and replace all FAIM messages with ISO 20022 messages. With this implementation now less than a year away, many wonder how many financial institutions are ready to fully support these changes, especially in consideration of business continuity at the end-user/customer level. Preparing a financial institution's wire systems for ISO 20022 calls for an inventory and upgrade of the systems that support wire operations. Federal Reserve Financial Services Federal Reserve Bank of Atlanta https://lnkd.in/gMzUua7H #payments #iso20022 #fedwire

For the #FIW24 Speaker Spotlight, we were joined by Ajay Banga of The World Bank, who discussed the importance of working together to drive #financialinclusion. Watch the full #FinclusionWeek session here: https://lnkd.in/eS5q7hWR

To stay ahead in 2024, #banks have to offer highly personalized experiences and seamless services. Join us at #TCF2024 (booth #38) and learn how to stay ahead with innovative solutions. 💡 One challenge faced by many banks is enhancing operational efficiency. We’ll be looking at concrete ways that can help you not only streamline operations, but reduce your total cost of ownership at the same time. Find out how you can build the bank you want. https://ow.ly/hLWL50RhYCr

Q1 Results and Outlook: Survive in 2024, Thrive in 2025 IntelliCredit, a CBS-endorsed solution provider, is hosting its popular quarterly webinar review of bank performance results on Tuesday, May 21, at 2:00 pm ET. Community banks have a lot on their plate this year. Whether battling with liquidity, rising deposit costs, potential credit issues, or inefficiencies, banks are heads down and slogging through 2024 with the promise of a better 2025. Attend this quarterly performance webinar as IntelliCredit and QwickRate industry experts discuss community bank results for Q1, what they're hearing, and where there's cause for concern. Can’t make the date? Register anyway to receive the presentation and a link to the recording. Registration Link: https://lnkd.in/d8nEt42p

The first update of 2024 is here. We’ve added three features to help further your analysis and clarify the data: • Multi State Peer Group Creation: You can create peer groups with banks from multiple states  • Peer Group Selector Info Icon: There is now an info icon next to the peer group selector which displays the criteria of the peer group you have selected • Integrated Performance Room Scores: Performance room scores are integrated into the Performance pages Sign up today for FREE or login to your account to unleash the power of Peer Comparison for your bank! #Peercomparison #dataanalytics #bankers #lakelife

I’ve got to admit that before joining escient, I didn’t know much about mutual banks. Today, the 'for purpose' aspects of mutual banks missions certainly resonate with me. It was undoubtedly a learning curve when I got an opportunity to work with one. Interesting fact. According to the Customer Owned Banking Association (from July 2024) “Customer-owned banks achieved an 89.5% satisfaction rate by Australians who used them as their main financial institution, surpassing the major banks’ 75.4% rating and the average rating of 78.3% for all banks.” Could mutual banks be the new disruptors of the banking sector like digital banks were a few years ago? I’d very much like to work with one such brave contender and make good use of Human-centred Design, Hypothesis Driven Development and Experimentation to establish competitive advantage across the bank's digital channels. During my previous work with one of the Big 4 banks, application of the above principles delivered a conversion rate uplift between 10-30% across multiple product lines. Follow links in my bio to explore this further. I can chat on this topic for hours, so do get me started!