South Korean banks and telecoms in blockchain initiative
by Graham Buck
Samsung Electronics, KEB Hana Bank and Woori Bank are among seven consortium members that plan to develop a network
Bank Relations & KYC
Background
Bank relationships are vital. Bank Relationship Management (BRM) is a major task in any corporate treasury department and covers many other staff around the company. Often large companies use hundreds…
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Australian banks told to beef up capital buffers
by Graham Buck
Three of the country’s Big Four are each requested to set aside an additional A$500m by the Australian Prudential Regulation Authority
Yes Bank uses blockchain for commercial paper issue
by Graham Buck
The transaction of behalf of Indian conglomerate Vedanta is said to be the first digital issue of commercial paper using the technology
JP Morgan unveils low-cost robo advisor
by Graham Buck
The bank is releasing a digital investing service called You Invest Portfolios, which has been several years in development
Australia’s NAB develops employees’ data and analytics skills
by Graham Buck
Data is the currency of the future, according to the ‘Big Four’ bank, as it launches two in-house education initiatives for employees
Mastercard expands real-time payments to gig economy workers
by Graham Buck
The growth of temporary and short-term contracts has seen workers seek quicker access to the next pay cheque than via payroll schemes
Blue Motor Finance, Lloyds partner on instant payment API
by Graham Buck
The partnership will focus on a ‘Faster Payments and Direct Debit API’ for motor traders and dealerships
UK survey shows businesses inactive on late payments
by Graham Buck
One in three firms paid late failed to chase up outstanding invoices, reports Lloyds Bank Commercial Banking
Australian banks face ‘legacy hangover’ in real-time payments shift
by Graham Buck
An impending problem for the country’s big four and their competitors is identified in a paper issued by the New Payments Platform
HSBC launches next generation virtual accounts
by Graham Buck
The bank describes NGVAs as an innovative multi-currency solution that builds on the reconciliation benefits of virtual accounts
EMEA treasurers expect shift to non-bank services
by Graham Buck
Newer providers of services from payments to FX platforms and liquidity pools are increasingly in demand, a Finastra survey suggests
Nets, Giro partner on Hungary instant payments platform
by Graham Buck
The Nordic payment service provider sets up its instant payments platform in the country with the National Bank of Hungary subsidiary
Netherlands’ slow progress on PSD2 adoption analysed
by Graham Buck
Reports suggest the country is lagging in developing open banking, despite Dutch digital proficiency and openness to new technology
Australia ‘big three’ join IBM on blockchain bank guarantee pilot
by Graham Buck
ANZ, CBA and Westpac plus Westfield shopping centres are trialling Lygon, a digital bank guarantees platform using the technology
Tink: Banks’ poor-quality APIs threaten success of PSD2
by Graham Buck
The Swedish open banking platform claims that none of the production APIs made available meet regulatory requirements on integration
EMEA treasurers foresee shift to non-bank services
by Graham Buck
The banking sector must accelerate the pace of innovation or risk losing the custom of corporate treasurers, fintech Finastra reports
New Development Bank approves green loans for China projects
by Graham Buck
Formerly known as the BRICS Bank, funding of US$667 million is given the go-ahead for two major transport infrastructure projects
Deutsche Bank completes renminbi transaction ‘first’ for tech firm
by Graham Buck
The bank announced its debut RMB foreign debt centralised management transaction under SAFE rules for Delphi Technologies
JP Morgan’s stake in Mumbai fintech ‘reflects Asian ambitions’
by Graham Buck
Transaction banking in Asia’s major emerging markets is confirmed as a key focus for the US bank
Banks to gain access to Demica trade finance platform
by Graham Buck
The trade and receivables finance specialist’s solutions were previously only available through the company’s internal systems
Banks remain key to US corporates’ investment strategy
by Graham Buck
Nearly all report that their bank relationships are core to their operating cash investment mix, an AFP survey finds
Treasury management systems ‘falling short of needs’
by Graham Buck
There’s increased recognition of technology as a risk management enabler, but many TMSs aren’t full supportive, a Citi survey finds
Mastercard and Scandi banks plan real-time payments platform
by Graham Buck
The global payments giant will partner with the bank-owned P27 Nordic Payments Platform on “the world’s most advanced system”
Singapore scores for Asian transaction banking
by Graham Buck
The city state’s banks top customer satisfaction levels in the region for key products and services, an East and Partners survey finds