This session will feature breakouts into different industries to have specific discussions with your industry peers about key treasury and use of treasury management solution issues. Featured industries include Retail & eCommerce, Healthcare, Insurance, Technology, Manufacturing, and Travel & Hospitality.
4. We’re now a global business
London
Amsterdam Tokyo
Hong Kong
Shenzhen
Singapore
Sydney
640+Employees across
8 locations worldwide
80,000Active Clients
£60bnTransferred globally
Shanghai
5. Current Global Payment Process for most Importers and Exporters
Slow, inefficient, complicated and expensive
Seller
Process: Buyer/Seller settle
payments internationally
through different banks
Time: 2-5 days
FX cost: 0.2-2.5%
Payment Fee: €18-65
Total cost for €10k: €182
Buyer
Banks
6. International Payments Improved
Turn a cross-border payment into a local payment
Process: Buyer makes
local payment to seller’s
local account
Time: 0 days + 0-1 day
FX cost: 0 + <1%
Payment Fee : €0
Total cost: €15+€50 = €65
Seller’s Local
EUR Account SellerBuyer
7. International Payments Transformed
Then get the Buyer and Seller using the same platform – payments are ledger-to-ledger
SellerBuyer
Process: Buyer transfers
from their account to
another on the platform
Time: Immediate
FX cost: 0 + 0.5%
Payment Fee : 0 USD
Total cost: €50
8. Tremendous Growth in Payments
Industry Revenues
Reimagining International payments
Solves the problems
Slow
Complicated
Opaque
Expensive
Un-trackable
9. Tremendous Growth in Payments
Industry Revenues
Reimagining International payments
Solves the problems
Slow
Complicated
Opaque
Expensive
Un-trackable
Fast
Simple
Transparent
Free/inexpensive
Trackable
10. Tremendous Growth in Payments
Industry RevenuesWho will solve this?
Bank?
Bank Consortium?
SWIFT?
Governments?
Payment Companies?
X
X
X
X
13. The Future of Payments
When I think about progress from an
industry or product point of view I
think of one body
14. The Future of Payments
THE PROBLEM DEFINITION CHECKLIST
Why is it necessary to solve the problem?
What benefits will you receive by solving the problem?
What is the unknown?
What is it you don’t yet understand?
What is the information you have?
What isn’t the problem?
Is the information sufficient? Or is it insufficient? Or redundant? Or contradictory?
Should you draw a diagram of the problem? A figure?
Where are the boundaries of the problem?
Can you separate the various parts of the problem? Can you write them down? What are
the relationships of the parts of the problem? What are the constants of the problem?
Have you seen this problem before?
Have you seen this problem in a slightly different form? Do you know a related problem?
Try to think of a familiar problem having the same or a similar unknown
Suppose you find a problem related to yours that has already been solved. Can you use it?
Can you use its method?
Can you restate your problem? How many different ways can you restate it? More general?
More specific? Can the rules be changed?
What are the best, worst and most probable cases you can imagine?
15. Problems solved
— Blockchain pre-compatability and the
network effect
— Sunk data will be outweighed by UX
— Invest or die
— Analogue, Digital, Autonomous
The Future of Payments
17. International trade has never
been more in the crosshairs
— Tariffs are a tax on consumers not on
producers
— Non-tariff barriers are always more
important and problematic
— Costs vs the dollar
— The customer isn’t always right
Something wicked this way comes
19. My 3 keys for payments success
Foreign exchange risk arises when your company is exposed to a financial transaction in any form that is
denominated in another currency. Your company can be exposed to this risk through a number of
channels – most notably:
What are the risks my company could be
exposed to?
20. Stick to your mandates and your
budgets
My 3 keys for payments success
Knowing the flow IS knowing the
know
Trade like a local with local
accounts