Nick Botha

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Articles

The transition to ISO 20022: navigating challenges and leveraging opportunities

Nov 15, 2024 | globalbankingandfinance.com | Nick Botha |Jessica Weisman-Pitts

Published : 2 minutes ago, on 15/11/2024 Nick Botha, Global Payments Lead at AutoRekBy Nick Botha, Global Payments Lead at AutoRekThe transition to ISO 20022 is transforming the future of financial messaging and cross-border payments, by delivering a standardised approach to processing payments. Currently, there are a lot of disparate networks, in different geographies, operating within their regime.
The transition to ISO 20022: navigating challenges and leveraging opportunities

Nov 12, 2024 | europeanbusinessmagazine.com | Nick Botha

By Nick Botha, Global Payments Lead at AutoRek (pictured) The transition to ISO 20022 is transforming the future of financial messaging and cross-border payments, by delivering a standardised approach to processing payments. Currently, there are a lot of disparate networks, in different geographies, operating within their regime. The introduction of the new messaging standard aims to create standardisation across the market, as we move towards a more centralised payments economy around the globe.
Streamlining Financial Operations | AutoRek | Money20/20 Europe

Jun 19, 2024 | ffnews.com | Lauren Hinton |Nick Botha

At Money20/20 in Amsterdam, Nick Botha, Global Payments Sales Manager at AutoRek, shared valuable insights into the transformative role of automation in financial services. AutoRek is an end-to-end financial controls platform that focuses on automating data management processes, reconciliations, and reporting to enhance operational efficiency and reduce costs. The Importance of Automation in Payments“Reconciliation is a huge part of any payments business,” Botha emphasized.
To meet customer expectations, PSPs must prioritise end-to-end reconciliations

Apr 3, 2024 | thepaymentsassociation.org | Nick Botha

PSPs must enhance their end-to-end reconciliations to deliver seamless, efficient payment services and stay competitive in the rapidly evolving fintech landscape. The payments sector’s success and growth over the past decade can largely be attributed to firms’ ability to meet and exceed customer’s expectations. Unlike established banks, fintechs are largely free from the legacy tech stacks that slow down banks from modernising.
What's next for US banks in the FedNow era?

Mar 28, 2024 | ffnews.com | Anton Grant |Nick Botha |Anu Somani |Minal Raj Gupta

Introduced in July 2023, the FedNow service was launched for US banks to provide a new instant payments infrastructure across the country. Participating financial institutions can now give their customers the ability to send and receive money in seconds. In this latest installment of the Paytech Show, we have the privilege of hearing from industry experts who give us an insight into the impact it’s had.
To meet customer expectations, PSPs must prioritise end-to-end reconciliations

Mar 4, 2024 | thepaymentsassociation.org | Nick Botha

The payments sector’s success and growth over the past decade can largely be attributed to firms’ ability to meet and exceed customer’s expectations. Unlike established banks, fintechs are largely free from the legacy tech stacks that slow down banks from modernising. So Payment Service Providers (PSPs) can anticipate customer needs and provide services that address their problems. However, as new PSPs continue to emerge, the landscape is becoming increasingly competitive.
86% of payment firms say their data lacks the transparency and standardization needed for reconciliations and reporting, AutoRek global survey finds

Feb 22, 2024 | ffnews.com | Lauren Towner |Nick Botha

New research commissioned by AutoRek, a leading software provider to companies in the global financial services sector, has revealed the most current problems facing payments firms today, as well as their perceptions on regulation, compliance, and payments reconciliation.
EXCLUSIVE: Fintech Predictions 2024

Dec 5, 2023 | ffnews.com | Lauren Towner |Daniel Holmes |Barry Rodrigues |Nick Botha

As one of the most dynamic and innovative industries on the planet, fintech constantly seeks to disrupt traditional financial services with innovative technologies, in previously undiscovered markets and seeking to revolutionise the way consumers, regulators and businesses view their financial world.
Big Data, Big Problem? Not with AutoRek

Nov 23, 2023 | ffnews.com | Lauren Hinton |Nick Botha

We catch up with Nick Botha from AutoRek at Money20/20 USA to find out why big data is bittersweet for banks. As financial institutions gradually become data custodians and leverage the insights gathered into their business models, a lot are realising that they need greater control. With siloed data and legacy systems, this is a hard task. Nick tells us how AutoRek handle all this heavy lifting and can even put American banks on the right footing going into a post ISO 20022 and FedNow landscape.
Back-Office Blunders: More than half of firms say inefficient processes are the biggest barrier to delivering real-time payments

Nov 6, 2023 | ffnews.com | Lauren Towner |Nick Botha

AutoRek, a leading software provider for the financial services sector, is today releasing new insights finding that 54% of businesses consider inefficient back-office processes the primary obstacle to delivering real-time payments.