Oil prices and COVID-19 blamed as ABN Amro retreats to core business
by Ben Poole
The bank has discontinued all trade and commodity finance activities following a €5m net loss in Q2 2020.
News
Industry roundup: 13 August 2020
by Ben Poole
News in brief, including Bolero joining the Marco Polo trade finance network, and more.
Standard Chartered partners with Microsoft to go ‘cloud-first’
by Ben Poole
StanChart follows the likes of NAB, BNY Mellon and SAS as financial services partners of the tech giant.
Industry roundup: 12 August 2020
by Ben Poole
News in brief, featuring an attempt to revive supply chains in Africa, and the announcement of the Sibos 2020 opening keynote speaker.
Searching for standardisation in KYC
by Ben Poole
The SWIFT KYC Registry was the focus of a recent webinar that included a corporate treasurer on the panel.
Industry roundup: 11 August 2020
by Ben Poole
News in brief including an update on the FED's new instant payments system, and more.
The slow recovery of US business spend sentiment
by Ben Poole
The Coupa Business Spend Index Q3 outlook shows early signs of business resilience amid economic downturn.
Industry roundup: 10 August 2020
by Ben Poole
News in brief, including the digital transformation of transaction banking at the National Bank of Bahrain, and more.
How Coca-Cola Bottling is putting suppliers on the blockchain
by Ben Poole
Coke One North America has launched a project with Provide and Unibright to establish a Coca-Cola Bottling Harbor on the blockchain for its suppliers.
Industry roundup: 7 August 2020
by Ben Poole
News in brief, including an accounts payable survey of finance organisations, and more.
Major banks continue ESG momentum
by Ben Poole
Both Citi and HSBC have recently announced strategic solutions to tackle climate risk.
Industry roundup: 6 August 2020
by Ben Poole
News in brief, including the first taker for the Mastercard Trade Solution, and more.
Boosting digital banking services down under
by Ben Poole
Commonwealth Bank has committed funds to support start-ups and fintechs during the COVID-19 crisis.
Industry roundup: 5 August 2020
by Ben Poole
New in brief, featuring an open banking payments service from Bottomline Technologies, and much more.
The shift in finance leaders’ priorities
by Ben Poole
As the top global 100 companies start to rebound from Covid-19, payment delays are the key concern for 65% of finance leaders.
Industry roundup: 4 August 2020
by Ben Poole
News in brief, including BNY Mellon, Citi and Visa joining a US$35m funding for Volante Technologies, and more.
Deutsche Bank creates criteria for classifying ESG financing
by Ben Poole
As DB publishes its Sustainable Finance Framework, Citi and BofA have joined the Partnership for Carbon Accounting Financials.
Industry roundup: 3 August 2020
by Ben Poole
News in brief, including an update on the UK's new real-time gross settlement system, and more.
European short-term MMFs hold limited share of corporate commercial paper
by Ben Poole
A Fitch report shows that of European CP holdings of €88bn, only €12bn was issued by corporates.
Industry roundup: 31 July 2020
by Ben Poole
News in brief, including a focus on standards for real-time payments, and much more.
BNY Mellon on the case
by Ben Poole
The bank now offers SWIFT's gpi Case Resolution service for payment investigations.
Industry roundup: 30 July 2020
by Ben Poole
News in brief, featuring new mobile wallet capabilities for BofA's clients in EMEA and APAC, and much more.
Negative currency impacts on corporates jumped 31% in Q1
by Ben Poole
A Kyriba report has revealed the FX impact from the start of the COVID-19 crisis on North American and European corporate earnings.
Industry roundup: 29 July 2020
by Ben Poole
News in bref, including a partnership between ING, Turk Eximbank and the World Bank to support Turkish exporters.