SWIFT announces a strategy for instant, frictionless payments and securities processing
It aims to enable seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability.
Connectivity
Background
Corporate treasury departments have a massive connectivity problem. They have to communicate and deal internally with almost every department and operating unit within the company or the group, and…
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Accenture and SAP support Indorama Ventures’ digital transformation
One of the chemical industry’s largest new SAP S/4HANA implementations integrates all functions in a single system.
ISO 20022 in focus with SWIFT and Citi
While ISO 20022 provides the potential for reduced friction, it will be up to the industry and individual institutions to adopt this new paradigm.
Australian corporates pin survival on disruptive technology
As KPMG and HFS research shows accelerating digital transformation, the flash CBA Purchasing Managers’ Index reveals business activity has regressed.
Global trade in services to increase by US$2 trillion over the next five years
A report by Western Union and Oxford Economics sees cross-border trade in services rising by 31% to US$8 trillion by 2025.
Companies shift emerging tech investments amid COVID-19
Research from KPMG reveals that business survival is now the number one reason to invest in emerging technologies such as AI and cloud.
Standard Chartered partners with Microsoft to go ‘cloud-first’
StanChart follows the likes of NAB, BNY Mellon and SAS as financial services partners of the tech giant.
How Coca-Cola Bottling is putting suppliers on the blockchain
Coke One North America has launched a project with Provide and Unibright to establish a Coca-Cola Bottling Harbor on the blockchain for its suppliers.
IBM Cloud ramps up financial services presence
BNP Paribas, Bank of America, and MUFG Bank are among those to have furthered their relationship with the tech firm.
Singapore’s multi-currency blockchain project concludes final phase
Project Ubin’s fifth and final phase highlights commercial potential, paving the way towards live adoption.
Mastercard move shows momentum behind open banking
The payments provider is to acquire Finicity in order to advance its open banking strategy.
A look at Latin America
Digital banking and working capital management are high on the agenda following recent announcements.
Deutsche Bank/BNP Paribas platform integration on track
BNPP hopes to position itself as a leader in alternative business for institutional investors and corporate clients.
Analyse this! SAS and Microsoft in analytics and AI partnership
SAS’ AI and analytics will more tightly integrate with Microsoft Azure, while Microsoft will bring cloud-based SAS solutions to its customers.
Cloud security remains challenged by complexity and shadow IT
New data from IBM pinpoints the top security risks for companies, with tips on how to improve cybersecurity.
Mastercard initiative to inform business and government economic response efforts
The firm's Recovery Insights tools and research aims to provide data analysis to help companies and governments bounce back from COVID-19.
Ripple enters the ISO 20022 fray
It joins the ISO 20022 Standards Body less that two months after SWIFT pushed back adoption of the standard for cross-border payments.
Industry roundup: 6 May
News in brief looking at business payments, digital trust standards, and PPP loans.
Digital banking channels embraced by corporates
Digital channels, whether for account opening, trade financing or supplier onboarding, are increasingly essential.
Blockchain blooming in China’s financial services sector
Both Ant Financial and WeBank have announced new projects that use blockchain in innovative ways.
MineralTree expands ERP integrations for AP automation
The move simplifies remote work for finance teams.
The Global Hack looks for solutions to fight COVID-19 challenges
The Swedbank-sponsored initiative kicks off on Thursday.
Singapore and Australia agree to enhance financial services data connectivity
The two countries have signed a suite of MoUs designed to help both capitalise on the digital economy.
SWIFT COVID-19 statement stresses systems working as normal
The payments cooperative has postponed all in-person community events through to the end of May.