Welcome to the May edition of Dovetail Insights

DOVETAIL PROVIDES STATE-OF-THE-ART PAYMENTS CAPABILITY TO BMO HARRIS BANK: In March, BMO Harris Bank completed a crucial phase of its wire platform replacement. Moving all Fedwire processing to the Dovetail solution has enabled BMO to improve customer service as well as significantly increasing STP rates. With the implementation of a new solution for systemically important payment processing in the US being carried out so smoothly, congratulations are due to everyone involved in the BMO and Dovetail team!
US RESEARCH HIGHLIGHTS THE REAL-TIME PAYMENTS CHALLENGE: Research recently completed by Dovetail with leading US banks underlined the challenge in introducing real-time payments as a competitive imperative, across multiple clearing systems, while also making a compelling business case. Banks agree that they need to offer more competitive payment options if they are to successfully fend off competition from non-bank service providers. If you want to know more about the research, please contact us.
FUTURE-PROOF YOUR PAYMENTS STRATEGY: Dovetail is to host a webinar on 02 June in which Andy Schmidt, Executive Advisor, CEB TowerGroup, will provide an overview of the multiple payment infrastructure initiatives currently underway in the US, together with suggestions as to how to make the most of them. Register now!
THE EVOLVING UK PAYMENTS INFRASTRUCTURE webinar hosted by Dovetail on 14 April provides insights on the options available to banks and building societies in addressing the challenge of a changing payments landscape in the UK, with a focus on Faster Payments. If you missed the webinar, you can now see and hear the webinar here.
DOVETAIL ON THE CEB TECHNOLOGY SUMMIT PANEL IN BOSTON DISCUSSING ‘MAPPING THE FUTURE OF ENTERPRISE PAYMENTS’: Modernize old infrastructures, prepare for real-time payments, remain competitive, be seen as genuine value-add service providers not just payment transaction processing providers – just some of the challenges discussed by the panel, including Dovetail, CGI and Andy Schmidt from CEB TowerGroup.
DOVETAIL LEADS THE PAYMENTS 2016/NACHA PANEL ON IMPLICATIONS OF IMMEDIATE PAYMENTS: Dovetail’s Director, Product Management moderated this Executive Forum session featuring leading industry experts such as Ray Fattell, Head of Product Management & Innovation, MUFG. The forum examined how financial institutions look at infrastructure costs, manage potential wire revenue cannibalization and develop new value-add overlay services for corporate and retail customers.
DOVETAIL STRENGTHENS US SALES TEAM: Fintech industry veteran, Stuart Kone, has joined the Dovetail team as the organization continues to grow and respond to the increasing pace of change in the US market. Stuart is a Certified Cash Manager (CCM) and brings significant payments and treasury services experience following senior roles with Bottomline, Transactis and FIS. He will be based in Atlanta and can be contacted at Stuart.Kone@dovetailsystems.com.

EBAday 2016, 07-08 June 2016, Milan, Italy
Martin Coen, CEO, Dovetail to speak on the Payment Strategies for the Future

Payments Panorama, 15-17 June 2016, Calgary, Canada
Listen to David Chance, Senior Vice President, Product Strategy speak on ‘Case Studies in Real Time: Making Payments Pay‘.

We hope that you find Dovetail Insights useful and remember you can keep fully up to date with all the happenings at Dovetail by following us on LinkedIn and Twitter.

Dovetail Solutions

Market-ready payment solutions with unsurpassed market coverage whether ACH, real-time, wire/RTGS… Read more here

Point solutions to address specific payment processing and liquidity management challenges…Read more here

Solutions to address the regulatory compliance and provide real-time customer and internal information…Read more here

Allows banks to consolidate their clearing connections onto a single platform…Read more here