Wednesday, May 5, 3:45 - 5:00	view all sessions this time
Banker's	view all sessions this track

708-Financial Supply Chain: Advances in Automation

Companies' financial supply chains integrate risk mitigation, credit extensions (from the supplier or a third party), fulfillment, payment and settlement. With strategically planned automation, banks assist their clients with cost containment, visibility into supply chain activities, and risk management. Banks’ support for cost containment, improved trading partner terms, better working capital management and superior risk management is ultimately reflected in clients’ financial statements. Further, banks build greater customer intimacy, introduce revenue generating services and are able to more effectively manage globalized trade services.

Learning Objectives:
	You will know the current level of automation (and plans) offered by global trade banks in support of the financial supply chain.
	You will understand all sizes of banks’ opportunities to support clients and be aware of alternatives (e.g., white-labeling other banks’ capabilities, collaborating with technology vendors to automate existing manual processes, using vendor-hosted solutions to provide such services, and/or utilizing SWIFT provided capabilities for providing that support.
	You will have data from an Aite Group survey of a sample the top 100 global trade banks that was conducted to learn more about how banks view support for the financial supply chains of their clients. The survey respondents represent 15 of the top 40 banks and four of the next 60. Today, approximately 75% of global trade finance is conducted with the top 40 global banks.

Nancy Atkinson, Aite Group LLC Nancy Atkinson is Senior Analyst at Aite Group LLC, covering global wholesale banking issues. Her research focuses on global wholesale payments, trade finance, financial supply chain issues, banks’ support for companies working capital management, procurement, accounts payables and accounts receivables. She is a recognized industry expert who has more than 20 years of experience in financial services products and technologies. Prior to joining Aite Group, LLC, Ms. Atkinson was a First Vice President of Institutional Marketing at Mellon Bank. During her more than 20-year tenure at Mellon, Ms. Atkinson developed new products and services, focused on cross-selling institutional services, and introduced new eCommerce supported services. She worked extensively in Global Cash Management (GCM) and with Mellon Lab and Online Services.  Ms. Atkinson is a former Vice Chairperson of the National Automated Clearing House Association (NACHA) Cross-Border ACH Council that developed U.S.-Canada-Mexico cross-border ACH capabilities. She is, also, a former Executive Committee Member of the Financial Services Technology Consortium (FSTC), where she was a leader in a ground-breaking Bank Internet Payment System (BIPS) project, an early eXtensible Markup Language (XML) based protocol.