Industry roundup: 23 December
by Graham Buck
SEC proposes further money market fund reforms; SWIFT eyes expansion into digital assets; US waiting game for cross-border payments and more
FX Management & Crypto
Background
According to the latest Bank for International Settlements (BIS) survey of foreign exchange volumes, in 2013, almost $5.3 trillion in currencies globally are traded daily. The increasing…
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Industry roundup: 16 December
by Graham Buck
HSBC details plans to end coal financing; New landmark for digital yuan; Western Union in Ukraine team-up
SWIFT outlines blueprint for 2022
by Graham Buck
The financial messaging services provider announces “ambitious plans to accelerate adoption of its new services across the global financial community”
Industry roundup: 9 December
by Graham Buck
Citi expands cross-currency sweeps; Bangladesh factories join PrimaDollar's ESG scheme; China begins phase two of digital yuan
Industry roundup: 2 December
by Graham Buck
Standard Chartered US$100m fund targets Gulf markets; Square changes name to Block; User testing starts for T2; Verto joins forces with Banking Circle
Industry roundup: 23 November
by Graham Buck
smartTrade buys FX SaaS provider TickTrade; Estonia the latest to welcome Bitcoin; Open Banking Exchange links with Brankas
Industry roundup: 18 November
by Graham Buck
Reserve Bank of Australia hedges bets on digital currency; Absa Bank partners with the IFC on trade finance ; SA payments fintech Ozow raises US$48m
Ripple plans 2022 launch for Liquidity Hub
by Graham Buck
The new product will serve as an aggregator for comparing the cost of currencies across different sources
Industry roundup: 11 November
by Graham Buck
AFP holds first in-person conference for two years in Washington; Crypto for corporate treasury Meow raises US$5m; India's CredAble launches SME app
Stablecoins need regulating, says US report
by Graham Buck
Operators of the digital tokens should be treated similarly to banks, according to regulators
ECB announces market advisory group for digital euro
by Graham Buck
The European Central Bank's market advisory group will examine the potential of a digital euro
Industry roundup: 27 October
by Kylene Casanova
SWIFT Go provides safer cross-border transactions, Kyriba's Currency Impact Report, Barclaycard Payments partners with SAP for payments optimization
Facebook launches low-key pilot of Novi digital currency wallet
by Graham Buck
Facebook has launched a low-key pilot of Novi, its digital currency wallet, with a limited number of people in the US and Guatemala
BoE deputy calls for tough cryptocurrency regulation
by Graham Buck
Cryptocurrencies should be regulated as "a matter of urgency" to avoid potential financial contagion, the Bank of England has warned
BoA bullish on digital assets
by Graham Buck
A Bank of America report is upbeat on the future of digital assets including cryptocurrencies.
HKMA seeks answers to central bank digital currency questions
by Graham Buck
The Hong Kong Monetary Authority (HKMA) sounds a cautious note on the topic of central bank digital currencies (CBDCs)
CLS launches FX outstanding datasets
by Ben Poole
The datasets, which capture outstanding forward and swap positions, are designed to enhance FX market transparency.
OpenTreasury #2: Real-time cash/FX and sustainable investment monitoring
by Kylene Casanova
Host Jack Large and Craig Jeffery of Strategic Treasurer cover real-time view of cash and FX, liquidity, and sustainable investment and monitoring
Currency volatility sees multinationals lose almost US$10bn in Q1
by Ben Poole
Kyriba's Currency Impact Report for Q1 2021 shows North American companies were particularly badly hit with US$5.87bn in negative currency impacts.
Deutsche Bank enhances FX platform
by Ben Poole
The bank has launched new features to help corporates manage new Vietnam FX hedging rules.
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.
HSBC multi-currency wallet aims to simplify international payments
by Ben Poole
The bank says its new solution lets businesses "pay like a local" in foreign currencies.
Bitcoin in your bank account?
by Ben Poole
FIS solution for banks will enable corporate clients to buy, sell and hold bitcoin.
The US$6.16bn cost of FX headwinds
by Ben Poole
Kyriba’s Currency Impact Report for Q4 2020 shows the cost of currency volatility on North American and European corporates.