Industry roundup: 22 April 2020
by Ben Poole
News in brief from Basware, Barclays, The World Bank, and Nacha.
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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Ratings agencies assess the COVID-19 impact on European banks and corporates
by Ben Poole
Scope Ratings' outlook on European banks continues to show downside, while Moody's notes importance of industry sector for corporates.
83% of UK, US and Chinese firms considering alternative trade finance providers
by Ben Poole
Firms are looking for providers that can arrange access to faster and more agile funding to help navigate the effects of COVID-19.
Industry roundup: 20 April 2020
by Ben Poole
News in brief featuring Abu Dhabi Islamic Bank, Taulia, Nice Actimize, and Funding Circle.
Treasurers in the spotlight to manage COVID-19 business risks
by Ben Poole
Data gathered by Bloomberg and Greenwich Associates highlights how treasury is being asked to be a critical line of corporate defence.
Card giants unleash COVID-19 war chest to support SMEs
by Ben Poole
Mastercard and Visa's support programmes for small businesses total US$460m
Cashforce Quick Wins to get control of your liquidity NOW
by Jack Large
Three offerings to: identify cash savings, improve cash flow analysis, and reduce your working capital level required
Industry roundup: 15 April 2020
by Ben Poole
News in brief for Pega, IOSCO, EPA, Kyckr and Citi.
Sibos 2020 falls victim to COVID-19
by Ben Poole
SWIFT had already cancelled all in-person events through August.
Trade set to plunge as COVID-19 upends global economy
by Ben Poole
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
by Ben Poole
The move simplifies remote work for finance teams.
Starling Bank to support UK businesses through CBILS
by Ben Poole
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
by Ben Poole
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
by Jack Large
Jack and Ben review last week’s posts and discussions
UKEF expands protection against non-payment for UK exporters
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
The duo are teaming up on a Business Class online tutorial programme.
Free offers in the new abnormal COVID-19 driven future
by Jack Large
How BELLIN, TreasuryXpress, Cashforce, IBM and Honywell are helping
18% of UK SMEs set to collapse within 4 weeks without government help
by Ben Poole
The Corporate Finance Network, which carried out the research, has proposed a recovery plan.
COVID-19 threatens the business of traditional tourist destinations
by Ben Poole
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
by Ben Poole
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
by Ben Poole
The Swedbank-sponsored initiative kicks off on Thursday.
Calls for changes to UK’s Coronavirus Business Interruption Loan Scheme
by Ben Poole
OakNorth Bank has suggested a number of changes to CBILS in order to better support UK businesses.
COVID-19 links
Fitch: Coronavirus Impact Research Highlights
CTMcast
Boost gears up for Visa’s enhanced data era - TREASURY NEWS #156
Pushpendra Mehta meets with Dean M. Leavitt, Founder & CEO of Boost Payment Solutions, Inc., to review the latest payments and treasury news and devel