Swift’s 10 takeaways from Sibos 2024
by Ben Poole
Sibos 2024 saw four days of talks and expert insights as the global financial community gathered in Beijing.
News
BNP Paribas, Vanderlande, Surecomp complete API pilot for trade finance guarantees - Industry roundup: 15 November
by Ben Poole
Majority of FIs struggle to maximise the value from their cloud investments; IOSCO reports on transition plans disclosures.
Global business sentiment slides to two-year low - Industry roundup: 14 November
by Ben Poole
No surprises in US inflation print for October; New rules aim to strengthen resilience of UK’s financial sector.
Factory demand weakens across major economies in October - Industry roundup: 13 November
by Ben Poole
Swedish economy experiencing a delayed recovery; Australia explores role of digital money in wholesale tokenised asset markets.
Two-thirds of businesses think banks are too slow to adapt to modern needs - Industry roundup: 12 November
by Ben Poole
Mastercard and Emirates NBD partner on virtual card B2B travel payments; Ireland’s construction activity decreases despite strong growth in housing.
How US tariffs could filter through global stock markets - Industry roundup: 11 November
by Ben Poole
UK sees further slowdown of salary growth in October; ICC advances push to drive global trade sustainability across all sectors.
Citi and Fidelity debut tokenised MMF and digital FX swap solution - Industry roundup: 8 November
by Ben Poole
Fed and BoE both make further interest rate cuts; UBS pilots blockchain-based multi-currency payment solution.
StanChart and Ant complete intra-group blockchain-based SGD settlement - Industry roundup: 7 November
by Ben Poole
US private sector growth led by financials; Deutsche Bank invests in India growth strategy; Mastercard and NatWest launch mobile virtual cards in UK.
Pilot bridges tokenised assets with Swift network - Industry roundup: 6 November
by Ben Poole
UK services see weaker growth momentum; Rate cut and election posturing boosts US debt revenue; Insurance sector leads Asia’s activity growth.
Corporate concern over US election’s FX impact - Industry roundup: 5 November
by Ben Poole
UK Autumn budget fears spur record outflows from equity funds; UBS launches tokenised investment fund on Ethereum DLT.
Companies may issue $1.5 trillion of US bonds in 2025 - Industry roundup: 4 November
by Ben Poole
ESG sukuk growth to be sustained through 2025; ICC joins SME Resilience Alliance for Ukraine.
Confirmation of Payee expanded to hundreds more UK firms - Industry roundup: 1 November
by Ben Poole
ECB looks for innovation partnerships for the digital euro; Firms amplifying the CISO role and prioritising savvy boards to tackle cyber threats.
Project Mandala embeds policy compliance in cross-border transactions - Industry roundup: 31 October
by Ben Poole
Finance chiefs turn to AI to combat crisis of confidence in corporate reporting; Aramco, SIDF and Taulia announce supply chain financing solution.
New benchmark finds companies starting to tackle environmental impact - Industry roundup: 30 October
by Ben Poole
Trade finance resilience and low credit risk persist amid global challenges; Open banking set for acceleration in the US following new regulation.
Hong Kong explores cross-border tokenisation with Brazil and Thailand - Industry roundup: 29 October
by Ben Poole
Citi launches digital trade receivable finance solution; GTreasury recognised with ‘Best FX Tech Provider for Corporates’ award.
Europe losing the embedded finance race to US - Industry roundup: 28 October
by Ben Poole
Lack of bank support risks variable recurring payments progress; The China rally may just be getting started.
Real-time payments to boost global GDP by $285.8bn by 2028
by Ben Poole
Real-time payments forecast to generate $285.8bn of additional global GDP growth and create more than 167 million new bank account holders by 2028.
Strong pound affects 83% of UK corporates’ finances - Industry roundup: 25 October
by Ben Poole
UK private sector growth slips to an 11-month low in October; AI patents at BofA increase 94% since 2022.
Eurozone business activity ticks lower amid falling demand - Industry roundup: 24 October
by Ben Poole
Bank of Canada reduces policy rate by 50 basis points; BIS project explores cross-border data portability through open finance interoperability.
Growth corporates see 300% increase in working capital efficiency - Industry roundup: 23 October
by Ben Poole
Eurosystem seeks improved cross-border payments; Nium adds Swift real-time payments connection.
IBM wins AFP 2024 Pinnacle Awards - Industry roundup: 22 October
by Ben Poole
Mastercard targets commercial cross-border payments; BofA extends guaranteed FX rates up to 1-year; BNY and Mizuho Bank collaborate on trade services.
Digital trade channel between Europe and China slashes transaction times - Industry roundup: 21 October
by Ben Poole
Bridgepoint to reinvest in Kyriba; Global trade is showing resilience despite rising barriers; Worldline launches A2A payment method in Europe.
ECB makes third rate cut in four monetary policy meetings - Industry roundup: 18 October
by Ben Poole
Swift cross-border payment processing speed stretches ahead of G20 target; Australia launches review of merchant card payment costs and surcharging.
Swift to launch AI-powered fraud defence for cross-border payments - Industry roundup: 17 October
by Ben Poole
SkySparc and Kyriba partner to accelerate treasury transformation; Margin optimisation back in focus for derivatives market.