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COVID-19
Background
The COVID-19 coronavirus pandemic has triggered the biggest global financial crisis in over a decade. In the financial services world, it has caused regulatory deadlines to be pushed back, while the…
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Industry roundup: 15 April
News in brief for Pega, IOSCO, EPA, Kyckr and Citi.
Sibos 2020 falls victim to COVID-19
SWIFT had already cancelled all in-person events through August.
Trade set to plunge as COVID-19 upends global economy
Global trade is expected to fall by between 13-32% in 2020 as the COVID 19 pandemic disrupts normal economic activity.
MineralTree expands ERP integrations for AP automation
The move simplifies remote work for finance teams.
Starling Bank to support UK businesses through CBILS
The digital bank has been accredited by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme.
Nordea promises faster supplier payments
The move is designed to support its suppliers during the COVID-19 crisis.
CTMcast - 9 April 2020: Review of COVID-19 crisis and how corporate treasury is coping
Jack and Ben review last week’s posts and discussions
UKEF expands protection against non-payment for UK exporters
UK Export Finance to offer export insurance in all major markets in response to COVID-19.
The critical role of bank treasuries in the COVID-19 crisis
An Oliver Wyman report shows the role of bank treasuries in transmitting government and central bank policy to society.
COVID-19 halts Nationwide’s plans to enter the business banking market
The building society will be handing back the £50m RBS bail out fund grant it had received.
Sberbank and Google offer education for businesses to stay afloat
The duo are teaming up on a Business Class online tutorial programme.
Free offers in the new abnormal COVID-19 driven future
How BELLIN, TreasuryXpress, Cashforce, IBM and Honywell are helping
18% of UK SMEs set to collapse within 4 weeks without government help
The Corporate Finance Network, which carried out the research, has proposed a recovery plan.
COVID-19 threatens the business of traditional tourist destinations
A Deutsche Bank report looks at the economic impact of COVID-19 on European tourist hotspots and the companies that operate there.
CARES Act gives US airlines the option to extend their liquidity runways
A Moody's Investors Service report explores the COVID-19 impact on the US airline sector and the government's response.
The Global Hack looks for solutions to fight COVID-19 challenges
The Swedbank-sponsored initiative kicks off on Thursday.
Calls for changes to UK’s Coronavirus Business Interruption Loan Scheme
OakNorth Bank has suggested a number of changes to CBILS in order to better support UK businesses.
CTMpulse: A corporate treasurer: survival of the firm and Request-To-Pay
How reacting to the COVID-19 crisis and problems/opportunities with Request-To-Pay
COVID-19 crisis highlights need for real-time and new digital payments services
ACI Worldwide and Global Data research has analysed real-time payments volumes, growth and dynamics across 30 global markets.
Kyriba adds free access to enhanced support and targeted training for clients
The move is designed to assist corporates that may be missing key treasury staff.
EVO Payments nets US$150m additional investment from Madison Dearborn Partners
The technology firm has also provided a COVID-19 Update.
CTMcast - 2 April 2020: Review of COVID-19 crisis and other posts
Jack and Ben reviewed last two week’s stories
EBA seeking to mitigate financial crime risks during COVID-19
The European Banking Authority has outlined AML/CFT efforts that competent authorities should be promoting to financial institutions.
COVID-19 links
Fitch: Coronavirus Impact Research Highlights
CTMcast
CTMcast - 21 May 2020: Business models, increased automation, FX risk, global trade, & climate change
Jack, Ben and Nick Franck review CTMfile’s posts over two last weeks