iso20022

In this episode of Actualizing Success, COO Kerry Wekelo and Manager Dean Ibbs discuss the essential components of a payment strategy, including risk management, payment security, regulatory compliance, and emerging payment methods and technologies. They highlight the importance of adopting technology solutions to mitigate emerging risks in the digital payment landscape and explore the potential benefits of leveraging regulatory changes proactively. Join Kerry and Dean for an insightful discussion on optimizing your payment strategy to improve cash flow, mitigate financial risks, and ensure regulatory compliance. 

Listen to learn more about:    

• The evolving landscape and new risks coming from the rise of digital transactions, increased cyber threats, and more complex global payment systems 
• The importance of adopting technology solutions to mitigate these risks  
• Leveraging regulatory changes for potential benefits proactively  
• Emerging payment methods and technologies 
• Essential components of a payment strategy 

About Kerry Wekelo
Kerry is Chief Operating Officer at Actualize Consulting. Her book and program, Culture Infusion: 9 Principles for Creating and Maintaining a Thriving Organizational Culture and latest book Gratitude Infusion, are the impetus behind Actualize Consulting being named Top Company Culture by Entrepreneur Magazine, a Top Workplace by The Washington Post, and Great Place to Work-Certified. In her leadership, Kerry blends her experiences as a consultant, executive coach, award-winning author, mindfulness expert, and entrepreneur. Kerry has been featured on ABC, NBC, NPR, The New York Times, Thrive Global, SHRM, Inc., and Forbes. 

• Email: kelam@actualizeconsulting.com  

About Dean Ibbs 
Dean is a Manager at Actualize Consulting with 13 years of experience in the Fintech industry. Dean's specific expertise lies in corporate treasury and treasury management systems, having worked in a variety of roles helping clients to optimize and digitize processes related to cash and liquidity, funding and debt, payments management, risk management and accounting. Dean holds a bachelor's degree in Business Management from the University of Warwick. 

• Email: dibbs@actualizeconsulting.com  

Thanks for listening to this episode of the Actualizing Success Podcast! We hope you enjoyed the discussion and come back for more. In the meantime, don’t forget to rate this episode and leave a review to let us know how you like it.   

More Info:   
Website: www.actualizeconsulting.com   

If you have any questions or comments, we’d love to hear from you. You can contact us at podcast@actualizeconsulting.com.

Domenico Scaffidi, Vice President, Global Payments Industry Lead, Yethi Consulting

Payments are being disrupted by the globalisation of payment standards, FinTechs, and a rising expectation of superior user experience. Financial institutions are hard at work to curate new business models in this increasingly dynamic operating environment. Robin Amlôt of IBS Intelligence speaks to Domenico Scaffidi, Vice President and Global Payments Industry Lead, Yethi Consulting about what’s changed and what’s changing in the world of payments. 

On this latest episode of Actualizing Success, Actualize Consulting’s Partner Chad Wekelo, Managing Director Priscila Nagalli, and Director Paul Baram discuss five specific areas of focus for Treasury in 2024, including payments/ISO transition, technology, liquidity, talent retention, and more. Recent events such as the banking crisis, fraud, geopolitical tensions, interest rate hikes, and government credit rating issues will impact Treasury in the coming years. In response, our experts address the importance of continuous process improvement, staffing proficiency, and technology improvement for mitigating risks. They also provide insights into regulatory changes and emerging challenges relevant to these socio-economic, geopolitical, and industry-specific events.

Listen to learn more about the key outlooks on:  

● Banking for liquidity 

● Payments and ISO transition 

● Best practices with technology

● Optimizing intercompany activity

● Retaining treasury team talent

About Chad Wekelo: 

• Chad Wekelo, CFA, CPA, is the Founder and Principal at Actualize Consulting and leads the Capital Markets and Treasury practice group for the firm. Chad is a subject matter expert in Treasury, Risk Management, and Accounting with specialization in financial transformation, vendor evaluations and implementations of Treasury, Risk Management and Accounting systems. He is a licensed CPA and holds the CFA designation.

• Email: cwekelo@actualizeconsulting.com

About Priscila Nagalli:

● Priscila is a Managing Director at Actualize Consulting with over 20 years of international cash, payment, investments, compliance, liquidity, currency, and risk management experience combined with a background working with structured funding scenarios on both emerging and developed markets.  She is an Economist, CFA, and CTP Charter holder with a proven record of problem solving and streamlining processes by thinking strategically and analyzing detailed issues to arrive at clear, simple and actionable solutions.  Priscila is fluent in English, Portuguese and Spanish.

● Email: pnagalli@actualizeconsulting.com

About Paul Baram:

● Paul is Director of Actualize Consulting’s UK office and their Treasury and Capital Markets projects. His 20 plus years of experience include international project management, business requirements, system design, treasury system implementation, testing and managing project execution. Paul specializes in Corporate Treasury overall solution architecture, and business process design. He holds a MSc. in Surface Chemistry from the University of Bristol.

● Email: pbaram@actualizeconsulting.com

Thanks for listening to this episode of the Actualizing Success Podcast! We hope you enjoyed the discussion and come back for more. In the meantime, don’t forget to rate this episode and leave a review to let us know how you like it.  

More Info: 
Website: www.actualizeconsulting.com  

If you have any questions or comments, we’d love to hear from you. You can contact us at podcast@actualizeconsulting.com.  

Peter Larsson, Director, Practice Lead for Europe & Nordics, Volante Technologies

Volante Technologies’ cloud-native and API-ready payment solution VolPay topped IBSi’s Sales League Table 2023 in the Wholesale Payments Systems category. The solution unifies end-to-end processing of domestic and international payments. Robin Amlôt of IBS Intelligence speaks to Peter Larsson, Director, Practice Lead for Europe & Nordics, Volante Technologies about developments in payments and the process and progress of digital transformation. 

In this episode, Actualize Consulting’s COO Kerry Wekelo, Director Paul Baram and Manager Dean Ibbs discuss the key milestones along the adoption timeline and review some of the major implications of the ISO 20022 message formats. They also explore how organizations will be impacted, what you can do to best prepare, and how to realize the benefits associated with ISO 20022.

Listen to learn more about:

-       Benefits of early adoption

-       ISO 20022 and timeline milestones

-       A migration plan that includes technology

-       How Actualize Consulting can assist you with this transition   

About Paul Baram

-       Paul is Director of Actualize Consulting’s UK office and their Treasury and Capital Markets projects. His 20 plus years of experience include international project management, business requirements, system design, treasury system implementation, testing and managing project execution. Paul specializes in Corporate Treasury overall solution architecture, and business process design. He holds a MSc. in Surface Chemistry from the University of Bristol.

-       Email: pbaram@actualizeconsulting.com

About Dean Ibbs

-       Dean is a Manager at Actualize Consulting with 13 years of experience in the Fintech industry. Dean's specific expertise lies in corporate treasury and treasury management systems, having worked in a variety of roles helping clients to optimize and digitize processes related to cash and liquidity, funding and debt, payments management, risk management and accounting. Dean holds a bachelor's degree in Business Management from the University of Warwick.

-       Email: dibbs@actualizeconsulting.com

About Kerry Wekelo 

-       Kerry is Chief Operating Officer at Actualize Consulting. Her book and program, Culture Infusion: 9 Principles for Creating and Maintaining a Thriving Organizational Culture and latest book Gratitude Infusion, are the impetus behind Actualize Consulting being named Top Company Culture by Entrepreneur Magazine, a Top Workplace by The Washington Post, and Great Place to Work-Certified. In her leadership, Kerry blends her experiences as a consultant, executive coach, award-winning author, mindfulness expert, and entrepreneur. Kerry has been featured on ABC, NBC, NPR, The New York Times, Thrive Global, SHRM, Inc., and Forbes.

-       Email: kelam@actualizeconsulting.com

Thanks for listening to this episode of the Actualizing Success Podcast! We hope you enjoyed the discussion and come back for more. In the meantime, don’t forget to rate this episode and leave a review to let us know how you like it. If you have any questions, please contact Paul Baram. 

More Info: 

Website: www.actualizeconsulting.com 

If you have any questions or comments, we’d love to hear from you. You can contact us at podcast@actualizeconsulting.com.  

Philip Flood, Global Business Development Director - Regulatory & STP Services, Gresham Technologies

In March 2023 the migration to SWIFT’s new ISO20022 (MX) messaging standard for cross-border payments and reporting began, with a coexistence period with predecessor MT messages until November 2025. A number of domestic payments systems have also moved to ISO20022, including real-time gross settlement systems in Australia, Canada, Europe, and New Zealand. Robin Amlôt of IBS Intelligence speaks to Phil Flood of Gresham Technologies about how banks are coping with this brave new world… and what they still need to be doing.

Jan Gonnissen, Director Payments and Financial Messaging, Broadridge

Faced with a dynamically evolving payments industry, downward pressure on pricing and heightened client service expectations, European banks are turning to mutualised shared service models such as Payments as a Service and BPO to drive their transformation programmes. However, what are these challenges that Europe’s banks face in the payments market and what can they start to do to mitigate the impact of regulatory change and keep up with market developments? Robin Amlôt, Managing Editor of IBS Intelligence, analyses these key themes with Jan Gonnissen, Director Payments and Financial Messaging at Broadridge. Learn more by reading the white paper The European payments industry is in a state of flux.

What’s covered in this episode:

• What is NPA?
• Concept v Reality: Where are we now?
• Why should it matter to banks, businesses and consumers?
• What is ISO20022 and what does it mean for the UK Banking and Payments Industry?
• The many uses cases of NPA and ISO20022
• The benefits of standards

Alastair McGill, GM Data Control, Broadridge Financial Solutions; Thorsten Voelkel, CEO, PPI AG

 Europe’s banks are facing challenges in payments, driven by changes such as the implementation of PSD2, SEPA ISO migration, TARGET2 and SWIFT ISO20022 migration, while also responding to national payments infrastructure changes and the emergence of new protocols, such as EBICS. There is also increasing market demand for Request to Pay and SEPA IP via TIPS. Broadridge and Germany’s PPI AG unveiled their Payments-as-a-Service partnership during SIBOS. Alastair McGill of Broadridge and Thorsten Voelkel of PPI outlined the new PaaS venture to Robin Amlot of IBS Intelligence.