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.
News
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.
Lloyds and Mercore complete digital trade transactions - Industry roundup: 16 October
by Ben Poole
BIS reports on faster payment system interlinking and APIs; NZ banks to start rolling out Confirmation of Payee in November.
Report finds fintech sector continues to make positive impact on UK - Industry roundup: 15 October
by Ben Poole
German manufacturers see weakest export conditions since January; Citi’s tokenised cash management solution goes live.
78% of US business owners anticipate revenue growth in the coming year - Industry roundup: 14 October
by Ben Poole
The probability of a US recession has fallen; Basel Committee publishes 2023 banking turmoil and liquidity risk progress report.
Citi and Mastercard look to transform global cross-border payments - Industry roundup: 11 October
by Ben Poole
Supply chain spare capacity increases again; Canada outlines mandatory climate disclosure requirements for private companies.
Proximity emerges as the new value driver for US supply chains - Industry roundup: 10 October
by Ben Poole
95% of PSPs have had accounts closed or restricted by banks; J.P. Morgan Asset Management expands diverse asset class access.
Real-time cross-border payments see widespread adoption amid G20 challenges - Industry roundup: 9 October
by Ben Poole
E-commerce fraud to exceed $107bn in 2029; ESMA publishes its first annual report on EU carbon markets.
93% of treasurers cite forecasting errors as cause of avoidable losses - Industry roundup: 8 October
by Ben Poole
Only 2% of businesses have implemented firm-wide cyber resilience; Industry expectations for instant payments by 2028 revealed.
Visa hub to unify its commercial payments ecosystem - Industry roundup: 7 October
by Ben Poole
M&A momentum is strong and likely to continue; Permanent salary growth falls again as UK labour market continues to soften.
Investors cash in bond market profits - Industry roundup: 4 October
by Ben Poole
Global banks to use Swift for trialling live digital asset transactions from 2025; US election could be a turning point for crypto market structure.
Green bond regulations among ESMA’s strategic priorities - Industry roundup: 3 October
by Ben Poole
Software and services leads Asian sector growth again in September; BofA brings virtual payables solution to EMEA.
Fraud harming trust in payment methods - Industry roundup: 2 October
by Ben Poole
Global price and supply pressures ease during September; Asda launches sustainable supply chain finance scheme; ANZ joins Project Guardian.
UK’s Digital Securities Sandbox opens for applications - Industry roundup: 1 October
by Ben Poole
ASEAN manufacturing output contracts for first time in three years; First Abu Dhabi Bank pilots programmable payments with JPM’s Onyx.
Trade-based financial crime hits $1.6 trillion annually - Industry roundup: 30 September
by Ben Poole
90% of C-suite leaders say tax department is key to building stakeholder trust; Manufacturing new orders in China fall at fastest pace in two years.
EIB loan backs digital payment innovation in Europe - Industry roundup: 27 September
by Ben Poole
Bank of England consortium to review AI use in financial services; Fides completes transition to UBS Switzerland AG.