Standard Bank acquires custody and derivatives business
by Graham Buck
Africa’s largest bank by assets is taking over the portfolio from Legae Peresec, South Africa’s largest securities trading firm.
Financial Risk Management
Background
Financial risk is made of three basic types: market risk - FX risk, interest risk and commodity risk; counter-party risk - credit and partner risk; and liquidity risk - risk that the company will not…
Read moreCiti harness AI for trade finance compliance
by Graham Buck
The group is working with EY and SAS to develop a risk analytics scoring engine based on artificial intelligence.
Partnership promises world’s first digital trade database
by Graham Buck
Coriolis Technologies and the Global Trade Professionals Alliance will focus initially on developing data for the Asia Pacific region.
Equifax buys PayNet, pledges innovative solutions for SMEs
by Graham Buck
The US data analytics and tech company says the deal should produce better access to capital for small to medium-sized businesses.
Deutsche Bank and Commerzbank abandon merger talks
by Graham Buck
After nearly six weeks of negotiations, Germany’s two biggest banks decided the risks and costs of a union were excessive.
Samsung ‘developing own blockchain network’
by Graham Buck
The South Korean electronics group is reportedly working on several projects based around the new technology.
‘Blockchain bandit’ exploits weak private keys
by Graham Buck
A security test of the cryptocurrency Ethereum has exposed technology flaws that enabled a thief to access accounts.
Citi adds biometric authentication for Apac business clients
by Graham Buck
The bank’s institutional clients in China, India, Singapore, Thailand and Vietnam can access the new facility.
Cyber attackers turn attention to smaller businesses
by Graham Buck
Big businesses are still the favourite target, but hackers are increasingly vulnerable warns insurer Hiscox.
Amazon ‘calls time on China retail operations’
by Graham Buck
The US e-commerce giant is reported to have admitted defeat in its contest against local rivals such as Alibaba and JD.com.
Ernst & Young steps up commitment to blockchain
by Graham Buck
The Big Four auditing group is encouraging corporate clients to adopt and launching free software to help them.
AI platform assesses impact of Brexit
by Graham Buck
A growing number of financial services companies are opening European offices or relocating from the UK, reports Talent Ticker
BoE governor: banks must ‘raise the bar’ on climate change
by Graham Buck
Mark Carney and the governor of France’s central bank say that banks and insurers must to more to avert catastrophe.
Massive trade finance funding gap ‘stunts economic growth’
by Graham Buck
The estimated $1.5 trillion deficit affects development, investment flows and financial inclusion, says BNY Mellon.
Sage enhances real-time cash management via Trovato.io
by Graham Buck
The partnership with Trovato.io will provide corporate treasury will real-time visibility of cash positions.
Achieving objectives in the complex interconnected risky world
by Jack Large
OCEG guide to understanding external risks while meeting objectives
Big investment and job losses ahead as banks sector embraces AI
by Graham Buck
The business value to the industry of artificial intelligence is expected to reach $300bn by 2030 but it will shed millions of workers.
US payments fraud at record high, AFP survey shows
by Graham Buck
More than four in five organisations reported incidents in 2018, reports the Association for Financial Professionals.
Turkey’s move to support lira pressures banks
by Graham Buck
Efforts to prevent a further slide in the currency risk reducing banks’ ability to lend and pushing the country deeper into recession.
Saxo Bank warns of European economic headwinds
by Graham Buck
In its outlook for Q2 of 2019, the Danish online trading specialist sees the next two years as crucial for Europe’s evolution.
Businesses say Brexit preparations tougher than Y2K
by Graham Buck
A survey of executives finds that the challenges of the Millennium Bug were less than those of Britain’s departure from the EU.
Equifax, Wolters Kluwer pool resources on CECL solution
by Graham Buck
The new current expected credit losses (CECL) standards for financial institutions will be introduced in two stages from early 2020.
Taulia adds AI capability to its supply chain platform
by Graham Buck
The working capital solutions provider says that the new technology aggregates a range of data on supplier behaviour.
Deutsche Bank-Commerzbank union ‘risks negative side effects’
by Graham Buck
Both Qatari shareholders and a German economics expert are sounding alarm bells over the proposed merger of the two banks.