US recession no longer in prospect, says Deutsche Bank – Industry roundup: 8 February
by Graham Buck
China reports deflation last month; India keeps rates on hold; Revived fortunes for two Italian banks; ADB trade aid for Cambodia
Minimizing Payment Fraud
Background
One of the biggest sources of fraud in most organisations is payment fraud. Typically the biggest sources of payment fraud are from: cheques particularly in accounts payable and disbursement accounts.…
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US companies ready to sever ties with organizations hit by payment fraud
by Pushpendra Mehta , Executive Writer, CTMfile
The possible domino effect of fraud: senior finance and treasury leaders in the US willing to cut ties with entities that experience payment fraud.
US gives the green light for 11 bitcoin ETFs – Industry roundup: 11 January
by Graham Buck
WEF's main worry is misinformation; UAE bucks slump in fintech funding; SAP pays US$222m to settle bribery charges; Revolut platform ready to roll
China bank-backed dollar bond sales tumble – Industry roundup: 28 November
by Graham Buck
Japan's inflation edges higher; Metro Bank rescue approved; Invest America initiative gains traction; CBA draws Australia's young tycoons
Argentina’s economic outlook still murky – Industry roundup: 24 October
by Graham Buck
US 10-year Treasury yield at 16-year high; Priorities for G7 Osaka summit; Nigeria sees liquidity crunch relief; Security new 'S' of ESG
China’s Belt and Road initiative marks first 10 years – Industry roundup: 17 October
by Graham Buck
Israel's banks offer financial relief; RBA sees tokenised asset savings; South Korea fines for naked shorting; Industrial park promotes digital yuan
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
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.
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
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
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.
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.
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.
China to expand digital yuan testing – Industry roundup: 2 February
by Graham Buck
UK issues plans to regulate crypto; Gmail creator sees ChatGPT ousting Google; Eurozone and UK hike interest rates; Raiffeisen earns more from Russia
Incoming payments fraud – losses are mounting
by Pushpendra Mehta , Executive Writer, CTMfile
Combat the growing menace of incoming payments fraud by adopting digital solutions, identity verification, speed and authentication.
India may give Visa and Mastercard access to its payments market – Industry roundup: 19 January
by Graham Buck
Bank of America chief promotes ESG; Deutsche Bank's CNY1bn Panda Bond; Saudi J-v targets strategic minerals; Five evolving cybercrime trends
Eighth successive hike takes Australia‘s interest rate to 3.1% – Industry roundup: 6 December
by Graham Buck
IBM and Maersk shutter TradeLens; Bulk ships "transporting food cargoes"; Fit For The Future study issued; Mastercard and Vesta in LatAm partnership
US survey finds most states pro-cashless – Industry roundup: 1 December
by Graham Buck
Oil price projections for 2023; Wider band for China's yuan likely; Binance re-enters Japan via acquisition; Goldman redeploys London traders to Milan
Neglecting to prioritize cybersecurity and sufficiently train staff likely behind cybersecurity workforce crisis
by Pushpendra Mehta , Executive Writer, CTMfile
It’s critical that organizations give cyberattacks the focus and resources needed to address the rapidly intensifying cybersecurity workforce crisis.
The ESG-cybersecurity connection: time and reasons to integrate them
by Pushpendra Mehta , Executive Writer, CTMfile
Prioritizing integration of ESG and cybersecurity will help corporations create long-term value with societal support.
P.E. powerhouses struggle with cash flow – Industry roundup: 21 September
by Monica Zangerle , Writer, CTMfile
Goldman Sachs in Europe, India's all-inclusive payment ecosystem, FedPayments Insights Service.