Industry roundup: 15 May 2020
by Ben Poole
News in brief, featuring BNP Paribas, Moody's Capital Markets Research, and Global Reach.
News
Financial professionals predict painful recovery
by Ben Poole
AFP survey predicts the crisis lasting three quarters or more, Gartner data reveals lack of CFO planning for second wave of COVID-19.
Digital trade finance hits new milestones
by Ben Poole
Baosteel and Rio Tinto complete first deal on Contour, while Traydstream integrates with Finacle TradeConnect.
Industry roundup: 14 May 2020
by Ben Poole
News in brief, today looking at B2B payments, COVID-19 loan schemes, and much more.
Deutsche Bank outlines ambitious sustainability targets as green tech market surges
by Ben Poole
The bank has committed to at least €200bn of sustainable financing and investments by 2025.
Mastercard launch promises enhanced working capital management
by Ben Poole
The Mastercard Track Business Payment Service has gone live in the US ahead of its global rollout.
Industry roundup: 13 May 2020
by Ben Poole
News in brief featuring Barclays, Treasury Prime, Conferma Pay and many more.
Ripple enters the ISO 20022 fray
by Ben Poole
It joins the ISO 20022 Standards Body less that two months after SWIFT pushed back adoption of the standard for cross-border payments.
Instant payments to free up liquidity in Denmark
by Ben Poole
The country's Export Credit Agency and Tradeshift have partnered to unlock liquidity in the supply chain.
Industry roundup: 12 May 2020
by Ben Poole
News in brief covering free cash analytics tools, external financing, B2B payments and more.
European Commission ramps up fight against money laundering and terrorist financing
by Ben Poole
Its six pillar Action Plan aims to ensure that EU rules are more harmonised and more effective.
UK emergency loan schemes under pressure as new lenders added
by Ben Poole
Allied Irish Bank, The Co-operative Bank and Starling Bank are to join existing Bounce Back Loan Scheme accredited lenders.
Industry roundup: 11 May 2020
by Ben Poole
News in brief covering supply chain finance, digital payments, invoice payments and more.
Major digital and legislative changes transforming critical activities of tax and finance
by Ben Poole
EY survey finds 85% of companies anticipate an increased workload from emerging digital tax filing requirements.
Citi releases first ESG report
by Ben Poole
Global loan market associations have also issued new sustainability guidance documents.
Industry roundup: 7 May 2020
by Ben Poole
News in brief featuring Contour, Finovate Capital, the AFP, and more.
TreasurUp much more than a new treasury and FX hedging platform
by Jack Large
Fintech start up from Rabo dreams big of an extensive treasury platform
Treasurers’ liquidity actions suggest dire economic consequences
by Ben Poole
An AFP survey, underwritten by BMO, finds companies are putting off hiring and capex.
EBA publishes credit risk and market risk updates
by Ben Poole
The updates cover guidelines on credit risk mitigation with the IRB approach and specific reporting requirements for market risk.
Industry roundup: 6 May 2020
by Ben Poole
News in brief looking at business payments, digital trust standards, and PPP loans.
CFOs and treasurers facing business confidence and interest rate pressures
by Ben Poole
Releases from both Deloitte and Bloomberg highlight the impact the crisis is having on corporates.
Crisis impact on European bank balance sheets revealed
by Ben Poole
A report from Deutsche Bank shows that banks' balance sheets grew substantially in March.
Industry roundup: 5 May 2020
by Ben Poole
News in brief featuring ION, Jack Henry, and GreenBox.
How financial services firms are confronting COVID-19
by Ben Poole
Fitch has assessed the downside scenario for global FIs, while a Deloitte survey shows how firms are learning from the pandemic.