Industry roundup: 24 September 2020
by Ben Poole
News in brief, including Volante partnering with Goldman Sachs on its Transaction Banking Platform, and more.
News
COVID-19 forces a historic surge in corporate tech investment
by Ben Poole
Companies spent around US$15bn extra a week on technology during the pandemic’s first wave, but the huge surge in IT spend isn’t sustainable.
Industry roundup: 23 September 2020
by Ben Poole
News in brief, including Anglian Water selecting Bottomline for its treasury transformation, and much more.
European fintech facing 2021 fall out
by Ben Poole
Research from Finch Capital points to a resilient European tech growth engine, but limited exit options beyond IPO exist for unicorns.
Industry roundup: 22 September 2020
by Ben Poole
News in brief, including a UK coalition for measurement and disclosure of carbon emissions in financial services, and more.
Singapore corporates lead Asia-Pacific for digital readiness
by Ben Poole
A DBS survey of treasurers and business leaders across APAC also finds banks are the preferred digitalisation partners in the region.
Industry roundup: 21 September 2020
by Ben Poole
News in brief, including a banking partnership offering multi-currency accounts to corporates, and more.
Treasury innovation at Alphabet, Dräger, and Peloton recognised by AFP
by Ben Poole
Google's parent company, a medical technology firm and a fast growing US exercise equipment company are the finalists for the AFP 2020 Pinnacle Award.
Industry roundup: 18 September 2020
by Ben Poole
News in brief, including a new partnership for TreasuryXpress, and much more.
SWIFT announces a strategy for instant, frictionless payments and securities processing
by Ben Poole
It aims to enable seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability.
Industry roundup: 17 September 2020
by Ben Poole
News in brief, including a first in SWIFT certification for the Bellin TMS, and more.
Rio Tinto and Guangxi Shenglong Metallurgical complete transaction on Contour
by Ben Poole
With this transaction, Guangxi Shenglong Metallurgical has joined the blockchain network for trade finance as a new buyer.
Industry roundup: 16 September 2020
by Ben Poole
News in brief, including research into how banks are helping rebuild corporate supply chains in Europe and Asia, and more.
Accenture and SAP support Indorama Ventures’ digital transformation
by Ben Poole
One of the chemical industry’s largest new SAP S/4HANA implementations integrates all functions in a single system.
Industry roundup: 15 September 2020
by Ben Poole
News in brief, featuring a report on the impact COVID-19 has had on corporate treasury priorities, and more.
Deutsche Bank provides US$43m structured trade finance facility to CNTIC
by Ben Poole
The facility will be used to finance an electricity generation project in rural Myanmar.
Industry roundup: 14 September 2020
by Ben Poole
News in brief, including a blockchain trade transaction between Vietnam and Thailand, and more.
COVID-19 crisis has pushed treasury to the forefront
by Ben Poole
The 2020 AFP Strategic Role of Treasury Survey has found that corporates are prioritising liquidity and cash management, elevating treasury’s role.
Industry roundup: 11 September
by Ben Poole
News in brief, including a €1bn green bond issuance for Daimler, and more.
Mastercard launches central bank digital currencies testing platform
by Ben Poole
The virtual platform allows central banks to evaluate use cases and test roll-out strategies for CBDCs by simulating a CBDC ecosystem.
Industry roundup: 10 September
by Ben Poole
News in brief, including a cross-border payments solution that banks can offer corporates, and much more.
Northern Trust market forecast calls for 2.6% global growth
by Ben Poole
The firm's Capital Market Assumptions Five-Year Outlook predicts rates and inflation to remain low, stock returns in the 3.8-8.2% range.
Industry roundup: 9 September
by Ben Poole
News in brief, including an upgraded commercial lending platform for Swedish exporters, and more.
Advisory group launched to prime trade finance for COVID-19 recovery
by Ben Poole
The ICC's Advisory Group on Trade Finance aims to support the role of trade financing in a post-pandemic economic recovery.