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
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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
Navigating Uncertainty and Inflation with Seven Cost Control Methods - TREASURY NEWS #106
by CTM News Team
Pushpendra Mehta and Paul Galloway discuss cost control methods, UK cybersecurity challenges, ASEAN business confidence, and the future of cross-borde
HSBC plans climate tech funding push - Industry roundup: 22 September
by Ben Poole
Canadian small business owners need additional cyber support; ACI Worldwide and Microsoft to accelerate global move to real-time payments
Central banks decide after Fed holds US rates – Industry roundup: 21 September
by Graham Buck
Deutsche Bank CEO warning for Germany; Goldman raises US$15bn for PE deals; Stan Chartered sustainable loans; Temenos Payments Hub on IBM Cloud
80% of large enterprise finance teams to use internal AI platforms by 2026 - Industry roundup: 20 September
by Ben Poole
Citi develops digital asset capabilities for cash management and trade finance; Visa and Swift look to enhance global B2B money movement
Seven cost control methods to be used by treasury in times of uncertainty and inflation
by Pushpendra Mehta , Executive Writer, CTMfile
Treasury departments are focused on curbing expenses to help preserve their organizations’ margins and steer them through challenging times.
Blue bonds gaining traction in Asia-Pacific – Industry roundup: 19 September
by Graham Buck
Swift-Wise partnership launches at Sibos; Deutsche Bank offers crypto custody; Citi report on cross-border payments; NAB to exit Hong Kong
EBA Clearing runs pilot for pan-European fraud and anomaly detection - Industry roundup: 18 September
by Ben Poole
BofA’s CashPro Chat adds AI for businesses; Deutsche Bank and EIB enable sustainable finance access for mid-caps; Alpha to buy large stake in Cobase
China’s global digital payments dominance: catalysts and future prospects - TREASURY NEWS #105
by CTM News Team
Mehta, Galloway, and Poole cover China payments, ECB vs. PayPal, JPMorgan, EU's forecast.