All news & insights

In the first section entitled “Faster, further and stronger with ISO 20022: the keys to a successful migration”, Societe Generale experts shared their experiences and offered their best advice to financial players still having to make the big leap into the promising realm of ISO 20022. In this second part, our experts discuss the current state of payments...

After many years of patient development, the ISO 20022 payments standard is gaining ground and revolutionising the world of payments and reporting, particularly for correspondent banking and cash management activities. ISO 20022 is a global standard designed for the exchange of computerised data in financial transactions. It aims to streamline the...

The lines are moving in the world of cross-border payments; last September, Citigroup announced that it had completed a tokenized payment transaction between shipping giant Maersk and a channel authority. The beginning of a new era? And yet, does the image of openness and “decentralised” use, associated with cryptos, not contradict client expectations in this...

Having launched almost six years ago, the SEPA Instant Credit Transfer (SCT Inst) is starting to hit its stride with an increased transaction limit helping to encourage usage. For corporates operating in the SEPA zone, the scheme is not without flaws, but initiatives from regulators and banks point to a more functional and secure future.

Against a backdrop of positive interest rates and expectations for rapid and instantaneous payments, control of treasury flows within banks has become a real additional challenge.

The submission to the French government on June, 29 2023 of the Paris Europlace report entitled “Accelerating the digitisation of international trade finance” (1) shows, if proof were still needed, the extent to which the subject of data and trade finance is at once a problem, an ambition and a revolution.

‘Open Banking’ began a few years ago now, and collaboration between banks and the new financial players is starting to bear fruit. This approach is all the more fitting in the current economic and regulatory environment, in the face of changing client needs.

Virtual accounts are not merely a solution to replace existing bank accounts; they offer far more than that. By deploying virtual accounts, treasurers can open up a world of cash management efficiencies, drive a multitude of cost savings, and take control of cash organisation wide. Rail technology firm Wabtec has done just that.

We are delighted to be participating to the upcoming SIBOS conference, the world’s premier financial services event organised by SWIFT, from 18 to 21 September 2023 in Toronto, Canada.

At a time when the world has entered a state of “permacrisis” – in other words, permanent crisis – Correspondent Banking must evolve to adapt to this new reality. The challenge? Building more resilient networks, capable of ensuring the continuity of international payments for banks and their customers in all circumstances. But without losing sight of the...

Correspondent banking has undergone a profound transformation in recent years. International payments are more technical and more regulated, and have become increasingly complex to operate, prompting some players to cut back on this market. However, this trend must not be allowed to hold back inclusive banking efforts, at the risk of cutting off part of the...

International food company Andros is totally rethinking its cash management strategy with the roll-out of a payment factory and virtual accounts. Let’s have some feedback on the experience from Mickaël Djafarpour (Director of Financing, Cash Management and Credit Management at Andros), Elise Hoyet (Head of Virtual Accounts and Payment Factory) and Laure...

3 questions to Valerie Zerlini, Head of Global Transaction Banking, Societe Generale in Switzerland

After two years of uncertainty and turmoil in the transaction banking industry, we asked our experts about the challenges facing treasurers in the months and years ahead.

We are delighted to be participating to the upcoming SIBOS conference, the world’s premier financial services event organised by SWIFT, from 10 to 13 October 2022 in Amsterdam, The Netherlands.