SocGen and Kyriba to streamline FX hedging - Industry roundup: 26 February
by Ben Poole
Flash PMI data shows euro contraction but expansion in UK and US; Lloyds Bank joins WaveBL; Gold prices are forecast to rise 6% in 12 months.
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59% of accountants make several financial errors a month - Industry roundup: 23 February
by Ben Poole
SWIFT promotes ISO 20022 adoption; Hong Kong should uses fiscal reserves to boost regional HQ status
Germany sees its economy on hold this year – Industry roundup: 22 February
by Graham Buck
China charge mars HSBC results; MCR buys London's BT Tower; Russia economy avoids disaster; Brazil ready for green FX hedging
37% of CFOs don’t completely trust their firm’s financial data - Industry roundup: 21 February
by Ben Poole
Contour Network resurrected by fintech platform Xalts; Instimatch and Frontclear plan to revolutionise African electronic repo trading.
Imagination deficit: Generative AI’s impact on organizations
by Pushpendra Mehta , Executive Writer, CTMfile
Organizations must cultivate and amplify key human capabilities to address the imagination deficit caused by the generative AI phenomenon.
France trims 2024 growth forecast to 1% – Industry roundup: 20 February
by Graham Buck
Barclays returns £10bn to investors; War impacts on Israel's economy; ANZ-Suncorp merger gets green light; Investors shun riskiest US corporate bonds
Europe’s banks are challenging the challengers - Industry roundup: 19 February
by Ben Poole
North American companies hit by US$30bn currency impact; Federal Reserve Board releases the hypothetical scenarios for annual stress test.
Nine in ten CFOs project higher AI budgets in 2024 - TREASURY NEWS #124
by CTM News Team
CFOs prioritize SLY, Fides launches new treasury platform, 90% plan higher AI budgets in 2024; Deepfake poses top payment security risk.
EBITDA margins could shrink over 30% by 2027 - Industry roundup: 16 February
by Ben Poole
Fed’s Barr moves to calm banking fears; US same day ACH surpasses 3 billion payments; Taulia and IFC build sustainable SCF programmes.
Japan and UK economies slip into recession – Industry roundup: 15 February
by Graham Buck
Uber plans US$7bn share buyback; Delivery Hero reassures on debt; Barclays exits new oil and gas projects; Standard Chartered bullish on China
Number of UK firms setting ESG targets up 48% in two years - Industry roundup: 14 February
by Ben Poole
US annual inflation higher than expected in January; Tunisia joins Pan African Payment and Settlement System.
Mexico usurps China as biggest exporter to the US – Industry roundup: 13 February
by Graham Buck
Global trade resilience expected; Body Shop UK to appoint administrators; Economic decoupling underway, says BofA; Digital rupee reaches next stage
Deepfake may be the biggest payment security threat for CFOs and treasurers in 2024
by Pushpendra Mehta , Executive Writer, CTMfile
A $25 million scam, one of the largest corporate frauds using deepfake technology, poses a growing danger and serious threat for CFOs and treasurers.
Corporates need more education on the FX Global Code
by Ben Poole
The Code seeks to promote the integrity and effective functioning of the wholesale FX market.
Most finance chiefs preparing for greater regulatory scrutiny in 2024 - Industry roundup: 12 February
by Ben Poole
Barclays to acquire Tesco’s retail banking business; UK starting salary inflation softened to 34-month low in January; HSBC partners with Google Cloud
Nine in ten CFOs project higher AI budgets in 2024 - Industry roundup: 9 February
by Ben Poole
European Parliament issues 10 seconds rule for instant money transfers; Deutsche Bank and XTransfer facilitate onshore Thai Baht trade in Thailand.
US recession no longer in prospect, says Deutsche Bank – Industry roundup: 8 February
by Graham Buck
China reports deflation last month; India keeps rates on hold; Revived fortunes for two Italian banks; ADB trade aid for Cambodia
Global B2B payments to reach US$124 trillion by 2028 - Industry roundup: 7 February
by Ben Poole
Lithuania tops Baltics for startup investments; Micro Connect and HSBC sign up to US$200m asset-backed loan facility.
Fides unveils next-generation unified treasury management platform
by Pushpendra Mehta , Executive Writer, CTMfile
Industry-leading multibank connectivity provider launches Fides ONEHub, a new paradigm for centralized corporate treasury services.
OECD revises up 2024 global growth to 2.9% – Industry roundup: 6 February
by Graham Buck
Central bank updates from Australia, Turkey and Nigeria; Germany's trade volumes fall; Standard Bank launches Lyra Energy
Most treasurers prioritize SLY for short-term investment
by Pushpendra Mehta , Executive Writer, CTMfile
Treasury executives wary of liquidity risk, have been stashing cash in short-term investment vehicles over the past year.
Human skills will remain critical for businesses - Industry roundup: 5 February
by Ben Poole
UK businesses’ confidence increases to kick off 2024 with greater positivity; Why US stocks are worth sticking with.
US companies ready to sever ties with organizations hit by payment fraud - TREASURY NEWS #123
by CTM News Team
US firms cutting ties, M&A trends, Red Sea impact, risk exposures.
BoE split but UK interest rates maintained at 5.25% - Industry roundup: 2 February
by Ben Poole
Hong Kong corporates concerned about US-China relations; UK businesses save 150 hours every year with open banking.