UK joins the rate cut club - Industry roundup: 2 August
by Ben Poole
China leads world in GenAI usage; Tradeweb completes ICD acquisition; EIB and Deutsche Bank look to boost Europe's wind manufacturers.
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BASF sustainability-linked payables finance programme launches in Asia - Industry roundup: 1 August
by Ben Poole
Payments Innovation Alliance releases BEC response action plan; OFX and Technosis to launch multi-currency payment solution.
BoE sets out approach to innovation in money and payments - Industry roundup: 31 July
by Ben Poole
UBS and CIBC claim world’s first intraday FX swap; Surecomp and Visa partner on trade finance and cross-border payments.
STATE OF B2B PAYMENTS: EUROPE
by CTM News Team
Overview of B2B Payments in Europe: Bank transfers dominate, with emerging trends in card usage and technology integration.
Ninety countries join e-commerce initiative – Industry roundup: 30 July
by Graham Buck
Three rate decisions awaited; Russia hikes rates to 18%; Supply chain shortage dents Porsche; Slovenia first EU nation to issue sovereign digital bond
Cyber criminals funnel: Understanding the process to corporate fraud
by Pushpendra Mehta , Executive Writer, CTMfile
Finance and treasury executives must understand the playbook criminals deploy to protect their organizations from cyber attacks.
Multinationals are empowering treasury to drive business growth - Industry roundup: 29 July
by Ben Poole
Trovata and State Street look to streamline corporate investing; ICC issues guidance on responsible business in challenging contexts.
Eurozone economy fades but UK and US show July growth - Industry roundup: 26 July
by Ben Poole
Over one-third of UK FIs penalised in past 12 months for regulatory compliance failures; BofA’s CashPro App tops US$500bn in payment approvals.
FX headwinds grew in Q1, reports Kyriba – Industry roundup: 25 July
by Graham Buck
JCI-Hitachi in US$8.1bn JV sale to Bosch; BofE changes tack on liquidity management; Hungary cuts key interest rates; Revolut wins UK banking licence
UK economy had a strong start to 2024 with more GDP growth to come - Industry roundup: 24 July
by Ben Poole
Venture healthcare companies must secure new financing or face tough consequences; Finastra and CredAble to deliver SCF offering to banks.
China surprises with interest rate cut – Industry roundup 23 July
by Graham Buck
China to raise retirement age; ANZ launches real-time payments; Singapore commits US$74m for AI in finance; Bank of Canada expected to cut rates
European “Offshore” Money Market Fund Assets Reach Record Highs
by CTM News Team
European offshore money market funds hit record highs in 2023 and 2024, rising 7.9% year-to-date.
Payments Fraud Detection: Predictive AI vs. Generative AI
by Pushpendra Mehta , Executive Writer, CTMfile
As generative AI and predictive AI technologies converge and advance, the cost of attempting payments fraud is likely to exceed the potential gains.
Easing cycles and elections make for an uncertain second half of 2024 - Industry roundup: 22 July
by Ben Poole
UN calls for sustainable strategies to mitigate digital economy’s environmental impact; Global economy tipped for soft landing.
Treasury plan to boost working capital effectiveness and organizational resilience - TREASURY NEWS #135
by CTM News Team
Pushpendra Mehta and Paul Galloway discuss working capital, US inflation, Japanese chipmakers' investment, and Saudi Aramco bonds.
Financial losses from climate risk may be underestimated by 80% - Industry roundup: 19 July
by Ben Poole
Six months of growth for more than half of UK sectors; “Low-touch” equity trading desks fight through growing pains, UK RTGS service hits snag.
HSBC names CFO as its new chief – Industry roundup: 18 July
by Graham Buck
Tokenised US Treasurys ʺcould hit US$3bnʺ; Indonesia keeps rates on hold; Klarna mulls US IPO for 2025; ADB, AIIB fund Indian solar power project
Global manufacturing gathered further momentum in June - Industry roundup: 17 July
by Ben Poole
Payment fears putting businesses off overseas growth; Indonesia and South Korea pursue cross-border payment connectivity, UK inflation stays at 2%.
State of B2B Payments: Mexico
by CTM News Team
Macro trends in Mexico are driving changes in B2B payments, emphasizing cash flow optimization and efficiency.
France’s audit office sounds warning – Industry roundup: 16 July
by Graham Buck
Pakistan wins U5$7 billion IMF loan; KPMG launches Clear on Climate Reporting; World Bank helps Pacific islands; La Niña threat to EM bonds
Treasury plan to boost working capital effectiveness and organizational resilience
by Pushpendra Mehta , Executive Writer, CTMfile
By adopting four critical approaches, treasurers can develop a plan to strengthen working capital management and bolster business resilience.
M&A uncertainty fails to slow ESG due diligence - Industry roundup: 15 July
by Ben Poole
Anglo American and Bahrain Steel complete eBL transaction for Bahrain imports; Billtrust and Visa to extend B2B payments network collaboration.
US inflation data primes markets for September rate cut - Industry roundup: 12 July
by Ben Poole
UK GDP ticked up in May; Retail investors bearish on both S&P 500 and NASDAQ 100; BofA adds intelligent transaction search to banking platform.
Japan‘s chipmakers plan US$30 billion investment in semiconductors – Industry roundup: 11 July
by Graham Buck
UK launches £7.3bn Wealth Fund; Aramco resumes USD-denominated bonds; Banks enjoyed record profits in 2023; HSBC to reshape investment banking