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On 6 June, the ABBL and ATEL (Association des Trésoriers d'Entreprise à Luxembourg) jointly organised a conference on banking connectivity and payment automation, to identify innovative solutions and best practices. Speakers and panellists representing ATEL, Finologee, LuxHub, JP Morgan, Revantage and 3S Money had a lively discussion on current innovations and the challenges that continue to exist on both the corporate and banking sides. Here are the key points.
Businesses are generally multi-banked and need better banking connectivity, ideally using a one-stop shop. The often ridiculed "drawer full of tokens" was highlighted: each bank uses its own platforms, which increases not only the risks but also the administrative burden for users.
This...
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