Central banks decide after Fed holds US rates – Industry roundup: 21 September
by Graham Buck
Deutsche Bank CEO warning for Germany; Goldman raises US$15bn for PE deals; Stan Chartered sustainable loans; Temenos Payments Hub on IBM Cloud
Fraud Prevention
Background
Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…
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More UK companies failing to address cybersecurity, new report reveals
by Pushpendra Mehta , Executive Writer, CTMfile
Businesses with cyber-engaged boards and executive teams have increased revenue growth, improved data insights and higher investor confidence.
Switzerland to toughen anti- money laundering rules – Industry roundup: 31 August
by Graham Buck
Singapore charges money laundering ring; China's factory slowdown continues; Visa and Mastercard to raise fees; Vanguard supports fewer ESG proposals
Modest Q2 growth for eurozone, but recession in Netherlands – Industry roundup: 17 August
by Graham Buck
BAE agrees US$5.55bn acquisition; India pays for UAE oil in rupees; MAS qualified approval for stablecoins; BRICS bank issues first bonds in rand
Russia’s central bank hikes rates to 12% at crisis meeting – Industry roundup: 15 August
by Graham Buck
Japan's economic growth beats forecasts; Argentina devalues and lifts rates; China economic data misses targets; Multinationals expand use of AI
Quantum digital payments move closer – Industry roundup: 6 July
by Graham Buck
BRICS members diverge on expansion; UK proposes voluntary ESG code; Eurozone business activity shrinks; China lenders cut dollar deposit rate
Sustainability and climate reporting standards published – Industry roundup: 27 June
by Graham Buck
Don't underestimate inflation says IMF; US$6.3 billion bid for semiconductor firm; Bundesbank denies bailout report; HSBC HK moves into crypto
Germany’s economy entered recession in Q1 – Industry roundup: 25 May
by Graham Buck
Two banks breached UK competition rules; South Africa hikes rates for 10th time ; Citi drops Banamex sale plans; AIIB plans emergency funding
India announces end of the 2,000 rupee banknote – Industry roundup: 23 May
by Graham Buck
Bank of Israel hikes rates again; Book claims state-sponsored Libor rigging in 2008; US companies rush to borrow; Study identifies ESG pay boost in US
Election uncertainty pushes Turkish lira to record low – Industry roundup: 16 May
by Graham Buck
China opens new Swap Connect prog; Singapore's new anti- crime platform; Thailand's economy buoyant in Q1; Amex closing non-US business FX ops
BRICS flexes muscles as it challenges US dollar – Industry roundup: 25 April
by Graham Buck
China, Singapore unite on sustainable finance; Chile to nationalise lithium reserves; Meloni upbeat on MPS sale; Zimbabwe's digital currency plans
Treasury leads in discovering payments fraud
by Pushpendra Mehta , Executive Writer, CTMfile
Training employees in payment security helps detect payment fraud quickly and maintain treasury’s leadership in this area.
AI set to transform supply chain management – Industry roundup: 13 April
by Graham Buck
Canada keeps rates on hold; Renminbi share of trade finance grows; Mastercard adds Cross-Border Services Express; Tranglo expands into Europe
India’s Icegate system snarls up supply chains – Industry roundup: 6 April
by Graham Buck
EU Chips Act set to get go-ahead; UAE's digital currency moves forward; Alibaba restructure divides opinion; Mastercard demands greener plastic
Ransomware attacks decrease, but companies falling prey to complacency
by Pushpendra Mehta , Executive Writer, CTMfile
Organizations must remain vigilant as ransomware payments rise despite fewer ransomware attacks.
More South Korean companies issue corporate bonds – Industry roundup: 4 April
by Graham Buck
Cineworld emerges from Chapter 11; Squeeze tightens on MTS Bank; Credit Agricole expands in China; Tranglo adds instant SEPA payout to Europe
The failure of US banks could lead to rise in cyberattacks
by Pushpendra Mehta , Executive Writer, CTMfile
Fear and a sense of urgency that drove recent bank runs can fuel the next big opportunity for bad actors and result in targeted cybercrimes.
Damage limitation continues after US bank failures – Industry roundup: 14 March
by Graham Buck
Power outages pressure SA banks; Three emerging new financial hubs; Argentina's debt swap; Viterrra gets sustainability-linked funds
“Fab 4” discuss semiconductor global supply chain resilience – Industry roundup: 28 February
by Graham Buck
France and Spain see inflation rise; JPMorgan rejigs Asia credit indexes; Marco Polo declared insolvent; Banga tipped as new World Bank chief
ChatGPT is beneficial but may soon be used for cyberattacks against organizations
by Pushpendra Mehta , Executive Writer, CTMfile
With hackers expected to use ChatCPT for cybercrime, organizations need to invest in AI-driven cybersecurity to fight AI-powered cyberthreats.
Mastercard partners with Network International to launch AI fraud-prevention solution – Industry roundup: 17 February
by Monica Zangerle , Writer, CTMfile
The US SEC charges crypto TerraUSD and its founder Do Kwon with fraud.
Surge in swatting threats against corporate executives and board members
by Pushpendra Mehta , Executive Writer, CTMfile
Corporate leaders must take proactive steps to lower swatting risks so that swatters cannot get to the bigger prize – corporate assets.
Major global companies “guilty of greenwashing” – Industry roundup: 14 February
by Graham Buck
China to keep green bond issue lead; Money managers expect sticky inflation; Emirates to launch a CBDC; Nine banks fund Carbonplace
Global commodity trading “on cusp of next normal”– Industry roundup: 31 January
by Graham Buck
BP trims outlook for energy demand; Nigeria launches AfriGo card; Stan Chartered to open Philippines services hub; Montenegro teams with Ripple