The New Face of Cross-Border Payments
Cross-border payments have traditionally been too slow, too expensive, and too opaque, leading to a wide range of problems that conflict with treasurers’ need to automate processes, prevent fraud, increase cash and fee visibility and optimize liquidity management. The archaic payment infrastructure of the correspondent banking model and the antiquated payment platforms that process the transactions have turn payments into a Rube Goldberg machine.
This picture differs from what most of us experience as individuals in today’s digital world, and it has not gone unnoticed. Existing players, such as SWIFT have launched new functionalities that will improve B2B payments, market infrastructures around the world are in the mist of multi- year platform upgrades and embracing ISO20022 standards. Moreover, there are new FX providers and networks based on distributed ledger technology. Although these changes are not moving as fast as some would like, Treasurers need to pay attention to these developments, as they are going to offer new opportunities to improve core functions of Treasury.
About our speaker:
Cristina Pintado is an experienced International Treasury specialist living in San Diego. Cristina worked in Global Transactional Banking in New York, covering cash management, payments, liquidity, FX and Trade Finance for Corporates and Financial Institutions, and held individual contributor positions at major international banks. Cristina is currently with Wells Fargo responsible for International Treasury Advisory to the Technology sector where she provides innovative treasury solutions, and bring market trends and industry leading practices to large corporate clients. Cristina is also Adjunct Faculty at San Diego State University (SDSU), and collaborates regularly with AFP; developing and teaching courses around global payments and treasury. Cristina is a native of Madrid, Spain and holds a J.D. degree.
The Cork and Craft (The Library Room)
16990 Via Tazon (off of Rancho Bernardo Rd.)
San Diego, CA 92127