Industry roundup: 26 October
by Graham Buck
Citi launches on-demand sweeps in China, a digital liquidity solution for corporate clients; US junk bond market at a record
Electronic Banking Connectivity
Background
The simplest way to connect to the cash management banks is to use their corporate electronic banking (EB) connectivity services. Increasingly, these basic EB connectivity services have been expanded…
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Goldman Sachs partners with American Express on cash management
by Graham Buck
Goldman Sachs is partnering with American Express in a bid to upgrade its digital cash management offering
Industry roundup: 19 October
by Graham Buck
News in brief: Mastercard and Previse unite on cross-border payments; India's BSE moves to T+1 settlement; DP World trade finance platform
Nomentia acquires TIPCO Treasury & Technology GmbH to become a market-leader
by Jack Large
New international force in cash and treasury management emerges
New APIs to aid cash management decision-making
by Ben Poole
The new APIs from Afinis Interoperability Standards aim to help corporates better access detailed financial data across banking platforms.
Banking as a Service set to impact financial services in next 12 months
by Ben Poole
Finastra survey finds 85% of global financial institutions believe BaaS will make an impact over the next year.
Mastercard: UK and Nordics lead Open Banking in Europe
by Ben Poole
They are best placed to make the most of open banking thanks to a high number of open banking APIs, progressive regulators, and consumer readiness.
Corporate bank data needs revealed
by Ben Poole
Research by Celent surveying global corporates highlights which bank data services companies are willing to pay for.
Goldman Sachs and Visa target global treasury modernisation
by Ben Poole
Their strategic partnership aims to transform treasury operations for Goldman’s clients with Visa B2B Connect and Visa Direct.
NatWest, Deutsche Bank among banks trialling intraday FX swaps solution
by Ben Poole
The trial aims to eliminate inefficiencies from the FX swaps market and provide more immediate liquidity.
Transaction banking breakthroughs in the UAE
by Ben Poole
The central bank has partnered with SWIFT to enhance cross-border payments, while Mashreq Bank has implemented Oracle's transaction banking platform.
Corporate bank priorities shaped by digitisation and fintech collaboration
by Ben Poole
Finastra research outlines the changing focus for corporate banks, away from the traditional ‘relationship builder’ approach of client management.
Google Cloud expands payments and settlement operations
by Ben Poole
The tech giant has partnered with BNY Mellon and Global Payments on two financial services projects aimed at boosting market efficiencies.
Post-COVID, large corporates will remember helpful banks
by Ben Poole
The 2020 Greenwich Leaders report covering US large corporate banking, cash management and trade finance charts the impact of the pandemic.
Citi top again in global digital banking benchmarking study
by Ben Poole
The bank's CitiDirect BE platform achieves the top ranking from Greenwich Associates for 15th consecutive year.
Upgrading corporate T&E solutions for the new normal
by Ben Poole
TripActions' expansion of integrations with ERPs for its payments and expense platform is the latest in a line recent T&E innovations announced.
Digitising Indian treasury and trade services
by Ben Poole
As a report shows the country's trade infrastructure is transforming, Icici Bank has set up a platform for foreign companies expanding to India.
Digitisation in focus at Sibos
by Ben Poole
A new online instalment of the financial services conference explored how automation has helped global trade survive and thrive during the pandemic.
SIA integrates request to pay services in Europe
by Ben Poole
The payment method allows beneficiaries to send a payment request in real-time to a payer through several digital channels.
Bank of America spreading APIness
by Ben Poole
New API support revealed this week allow the bank's clients to trade and settle FX payments and enhance real-time treasury management.
Transaction banking: “What an advantage starting from scratch is”
by Jack Large
Goldman Sachs progress report shows the advantage of having no legacy infrastructure holding them back
Singapore corporates lead Asia-Pacific for digital readiness
by Ben Poole
A DBS survey of treasurers and business leaders across APAC also finds banks are the preferred digitalisation partners in the region.
Mastercard launches central bank digital currencies testing platform
by Ben Poole
The virtual platform allows central banks to evaluate use cases and test roll-out strategies for CBDCs by simulating a CBDC ecosystem.
ISO 20022 in focus with SWIFT and Citi
by Ben Poole
While ISO 20022 provides the potential for reduced friction, it will be up to the industry and individual institutions to adopt this new paradigm.