So, we are fresh back (I say fresh, but I got back at 1 a.m. this morning -they cancelled my flight again- thanks! Enough on my woes though, we went to Group Treasurers Exchange in Munich and found it to be a very different experience in terms of Corporate Treasury Conferences or indeed conferences in general.

Firstly, what is PSD2 and how it will impact our lives? It has so much potential to positively impact the payments/banking and information landscape but as we know, not everything necessarily achieves its full potential.

PSD2 is an EU directive (regardless of Brexit, it is happening) where banks will allow third parties access to bank customers online accounts in a secured way. For major corporations, the possibilities that this can bring can be a real game changer in terms of access to data, real-time information around balances, transactions and cash forecasting-especially at a time where liquidity and intraday limits are becoming a precious and potentially chargeable commodity.

Q & A with Bill Wrest, Director, Strategy and Business Development

In the first of our new Blog sessions, Bill Wrest looks at how PSD2 measures up in terms of influencing the way we may conduct our banking and use our data in the future.


Hello everyone and welcome to my latest blog. I was sitting in the Kent sunshine over a long bank holiday weekend and began to ruefully reflect upon some of the latest news in the media .The horrific events in Manchester were still at the forefront of everybody’s thoughts and with the threat of further events still at a critical level, as I was planning to make my way to the rugby final at Twickenham in the afternoon. A belated birthday present from my Sons! However things move quickly and the UK general election campaign began in earnest again.

We live in a modern era which poses data and security challenges which we have never experienced before. Fraud is not new-in fact, it is debatable that fraud can date its way back to the barter system- we just put the word "Cyber" in front of it because it is scary and has a bit of unknown futuristic sci-fi element to it. As payments mechanisms evolved over time from cheques, through to Chip and PIN technology, internet settlement systems, mobile phone/app generated banking -fraud has evolved alongside and at times outpaced the technology and the regulatory controls.