48% of Singapore firms want better fintech solutions - Industry roundup: 13 October
by Ben Poole
US headline inflation sticks, slight decrease in core; Thomson Reuters unveils e-invoicing solution; Deutsche Bank invests in AI startup
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Hong Kong aims to revive status as financial hub – Industry roundup: 12 October
by Graham Buck
Bank of Israel head to stay on; UK economy sees modest growth; China agrees Sri Lanka debt deal; Nigeria defends the eNaira
IMF: Global growth “limping not sprinting” - Industry roundup: 11 October
by Ben Poole
EBA notes benefits from rising interest rates stabilising; UK business cost pressures ease but output falls in Q3; SAP unveils genAI tools
Four ways to effectively manage liquidity in uncertain times
by Pushpendra Mehta , Executive Writer, CTMfile
With geopolitical conflict and higher yielding-debt adding to economic uncertainty, effective liquidity management is vital for corporate stability.
Morocco hosts annual meeting of World Bank and IMF – Industry roundup: 10 October
by Graham Buck
Israel acts to support shekel; HSBC buys Citi China arm for US$3.6bn; Metro Bank rescued in £925m deal; India and Tanzania plan local currency trade
US small business owners foresee revenue increasing; supply chain and labour issues easing
by Ben Poole
67% anticipate revenue growth over the next 12 months, despite the ongoing impacts of inflation and high operating costs.
US payroll employment surpasses expectations in September - Industry roundup: 9 October
by Ben Poole
Goldman Sachs Research asks if China's economy faces “Japanification”; BIS and central banks explore embedding compliance in cross-border transactions
Survey shows investors have lost faith in the Bank of England’s decision-making - TREASURY NEWS #108
by CTM News Team
Pushpendra Mehta, Paul Galloway, and Ben Poole discuss corporate insights, investor sentiment, financial crime costs, and US cyber attack reporting.
Basel Committee reports on 2023 banking turmoil - Industry roundup: 6 October
by Ben Poole
NAB partners with Trovata on corporate cash management solution; NatWest launches transaction categorisation service
EU’s plans for wholesale CBDC “imminent” – Industry roundup: 5 October
by Graham Buck
EY and Microsoft to teach green skills; Japan's FSA to stress test banks; SoftBank chief expects AGI within 10 years; Kenya seeks advice on Eurobond
Debt crisis on the horizon: US national debt surpasses $33 trillion
by Pushpendra Mehta , Executive Writer, CTMfile
With US national debt piling up and rising debt imposing higher interest costs, spending on debt may drag down the economy and turn into a crisis.
American finance leaders shift to defence mode
by Ben Poole
US corporate finance leaders have firmly pivoted their focus from revenue growth to cost control.
Virtual card transactions to increase 388% by 2028 - Industry roundup: 4 October
by Ben Poole
Australia extends rate hike pause again; MonetaGo and Tesselate to boost trade finance fraud detection; Visa launches US$100m genAI initiative
Companies lagging on ESG assurance preparations – Industry roundup: 3 October
by Graham Buck
Brazil nears digital ID launch; Tokyo to begin carbon credits trade; Apple Wallet UK adds account checks; Helipay mulls Russia payments deal
Seven key insights into growth corporates and their working capital needs
by Pushpendra Mehta , Executive Writer, CTMfile
Top performing growth corporates prioritise operational efficiency, relying on virtual cards and working capital loans to support strategic needs.
Survey shows investors have lost faith in the Bank of England’s decision-making - Industry roundup: 2 October
by Ben Poole
BIS and three central banks successfully test cross-border wholesale CBDCs; ESMA to focus on digital change and the green transition in 2024
Real-time payments pioneer, Japan shaking off cash by embracing digital payments - TREASURY NEWS #107
by CTM News Team
Pushpendra Mehta discusses real-time payments, Visa/Swift initiatives, AI in finance, and UK digital trade.
BIS calls for legal framework changes to support CBDCs - Industry roundup: 29 September
by Ben Poole
US Q2 GDP posts 2.1%; Global financial crime compliance costs for FIs above US$206bn; Visa and Lloyds Bank to launch virtual card solution
World Bank “could boost lending to developing countries” – Industry roundup: 28 September
by Graham Buck
Italy dilutes windfall tax plan; Tencent joins CBDC interoperability pilot; New US government shutdown near; Spain fines Big Four for overworked staff
Publicly traded US companies must report cyber attacks within four days
by Pushpendra Mehta , Executive Writer, CTMfile
Even as treasury executives find cybersecurity risk as the most challenging risk to manage, SEC adopts sweeping new cybersecurity disclosure rules.
UK plans Basel III implementation delay - Industry roundup: 27 September
by Ben Poole
Standard Chartered enables real-time cash management data; Digital data-driven operations top C-suite priorities; Travelex completes £90m refinancing
Transnet’s woes unsettle South Africa’s businesses – Industry roundup: 26 September
by Graham Buck
Digital euro at least two years away; AIIB opens Abu Dhabi office; Telos supply chain initiative launches; Bank of Japan maintains caution
Real-time payments pioneer, Japan shaking off cash by embracing digital payments
by Pushpendra Mehta , Executive Writer, CTMfile
Japan, creator of QR codes and pioneer of real-time payments, recently overcame its hesitancy towards digital payments adoption.
First digital trade transaction under new UK legislation - Industry roundup: 25 September
by Ben Poole
Kyriba to provide RBC with cloud-based payables and receivables finance solution; BofA launches trade finance platform; Nomentia unifies TMS