September 2016 edition
Table of contents
Editorial by Dr. Sébastien Kraenzlin, Swiss National Bank
The digital slate board as the end of our money culture?
- The penetration of digital media is leading to a culture of constant changes in business and society. Also, and especially, when it comes to mobile payment solutions. Professor Gerhard Buurman, co-founder of the Swiss Design Institute for Finance and Banking, teaches at the Zurich University of the Arts and focusses on future forms of bank-customer interaction. In this interview he explains why it is crucial whether banks view money as something technical or rather as something social, what the key to an entirely new financial or monetary culture is and what the digital payments world urgently does and does not need.
“Miss Helvetia” explains business
- Four short films from SIX Interbank Clearing provide simple explanations for highly complex technologies. A two-minute clip, which shows the development of money in fast motion, offers an introduction of the world of payment traffic. And then it’s about the core technology and especially the payment system, without which nothing functions. With it everything runs smoothly, also in the Swiss Value Chain, which is presented in the last clip – moderated from A to Z by Miss Helvetia.
Migration to ISO 20022 made easy with
- specialized test platforms Software partners that offer payment functionalities, and bank customers that program their payment traffic connection themselves, must adapt part of their software to the new ISO 20022 standard as stipulated in the Swiss recommendations. An important support during the migration are the test platforms, which simulate the behavior of the customer-bank interface in detail and are made available by SIX and the larger Swiss banks as essential migration tools.
Detailed payment statuses with ISO 20022
Intraday Liquidity Reporting – Being liquid at all times
- Since the financial and banking crisis of 2007, market players have again become very much aware of the liquidity risk for banks since the financial and banking crisis of 2007. International and national regulators have defined steps for measuring and planning of liquidity. This requires the introduction of real-time liquidity management on an intraday basis.