TREASURYcast - 19 July 2019
by Jack Large
What is purpose of corporate treasury; work force of future; measuring corporate treasury success; trade wars; possible banking crash
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International Payments
Background
Although, for most companies, cross-border/cross-currency payments make up less than 5% of all payments, they can represent a major proportion of payment costs when the FX conversion costs (which make up the bulk of the income for the banks / service providers), the transaction charges and float costs… Read more about International Payments
Swift hails successful cross-border payments integration with FAST
by Graham Buck
The integration of Swift gpi Instant with Singapore’s domestic instant payment service has accelerated payment times
UK uptake of open banking ‘hampered by PSD2’
by Graham Buck
A report by advisory firm Fingleton Associates finds that progress has been made, but more is needed for open banking to gain traction
SWIFT gpi service for corporates goes LIVE - now need to scale up
by Jack Large
New service enables multi-banked corporates to initiate and track payments across all their banking partners, but much more to do
Checklist: 5 Steps to Secure and Reliable Payment Processes
by Katja Franz, Consultant, BELLIN
How can treasurers establish secure and reliable payment processes through these five essential steps
Tink: Banks’ poor-quality APIs threaten success of PSD2
by Graham Buck
The Swedish open banking platform claims that none of the production APIs made available meet regulatory requirements on integration
Deutsche Bank completes renminbi transaction ‘first’ for tech firm
by Graham Buck
The bank announced its debut RMB foreign debt centralised management transaction under SAFE rules for Delphi Technologies
Swift sets out the business case for gpi
by Graham Buck
More than two years after its debut the financial messaging service details the benefits of its global payments innovation initiative
Mastercard and Scandi banks plan real-time payments platform
by Graham Buck
The global payments giant will partner with the bank-owned P27 Nordic Payments Platform on “the world’s most advanced system”
Swift invites blockchain companies to join gpi
by Graham Buck
The announcement comes as BELLIN’s tm5 treasury management system integrates Swift gpi for corporates
MoneyGram gets US$50m boost from union with Ripple
by Graham Buck
The money transfer company’s strategic partnership with the blockchain solutions pioneer is initially for a two-year period
JP Morgan extends cross-border digital payments to China
by Graham Buck
The new service makes the US giant the first foreign bank in China to digitise and automate cross-border payments of goods
Visa’s B2B Connect platform officially launched
by Graham Buck
The part distributed ledger-based, non-card platform for high-value corporate, cross-border payments has been in development since 2016
Visa chief downplays banks’ push for real-time payments
by Graham Buck
Al Kelly says he is unconvinced real-time payments will take off and asks: “Does the consumer really need the funds that much faster?"
CLS Settlement and Netting now used by 100 large MNCs
by Jack Large
CLS appoints new CEO to open up new chapter in CLS
Facebook plans 2020 launch of cryptocurrency
by Graham Buck
The social media giant plans to establish a digital payments system in a number of countries in the first quarter of next year.
Fintechs gain favour for B2B payments processing
by Graham Buck
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
CULedger, R3 partner on blockchain for cross-border payments
by Jack Large
The US credit union service organisation is to launch CU Pay, an electronic funds transfer product, early next year.
Swift trials real-time cross border payments via Tips
by Graham Buck
The network launches a Europe cross-border instant payment test via its gpi service and the TARGET Instant Payments Settlement platform
Nordea extends we.trade blockchain platform to SMEs
by Graham Buck
Nordea is opening up the co-developed platform to smaller businesses after pilot customers used it for the first live trades last July.
MAS, Bank of Canada blockchain trial promises cross-border payment gains
by Graham Buck
The successful experiment by the two central banks could make cross-border payments faster and more efficient.
BELLIN first TMS provider to enable SWIFT gpi within Lite2
by Jack Large
Swift’s roll out of their new gpi business applications framework continues
Western Union partners with Philippines fintech on cross-border payments
by Graham Buck
The US financial services giant will integrate Coins.ph’s mobile wallet into its cross-border payments platform.
Swift group to develop ISO 20022 guidelines for cross-border payments
by Graham Buck
A working group of payments experts will aim to develop a common set of standards that can be introduced globally.