Trade set to plunge as COVID-19 upends global economy
by Ben Poole
Global trade is expected to fall by between 13-32% in 2020 as the COVID 19 pandemic disrupts normal economic activity.
News
MineralTree expands ERP integrations for AP automation
by Ben Poole
The move simplifies remote work for finance teams.
Starling Bank to support UK businesses through CBILS
by Ben Poole
The digital bank has been accredited by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme.
Nordea promises faster supplier payments
by Ben Poole
The move is designed to support its suppliers during the COVID-19 crisis.
AFP survey finds business email compromise the most prevalent fraud tactic
by Ben Poole
The 2020 AFP Payments Fraud and Control Survey revealed 81% of organisations were targets of payments fraud in 2019.
UKEF expands protection against non-payment for UK exporters
by Ben Poole
UK Export Finance to offer export insurance in all major markets in response to COVID-19.
OneStream Software launches transaction matching solution
by Ben Poole
The solution is designed to accelerate account reconciliations and financial close.
The critical role of bank treasuries in the COVID-19 crisis
by Ben Poole
An Oliver Wyman report shows the role of bank treasuries in transmitting government and central bank policy to society.
Sweden joins ECB’s instant payments settlement platform
by Ben Poole
ECB and the Sveriges Riksbank conclude agreement on settlement of electronic payments in Swedish krona on TIPS.
Banking industry puts forward vision for future-driven EU payments market
by Ben Poole
Three European associations have published their vision for the EU retail payments framework.
COVID-19 halts Nationwide’s plans to enter the business banking market
by Ben Poole
The building society will be handing back the £50m RBS bail out fund grant it had received.
Sberbank and Google offer education for businesses to stay afloat
by Ben Poole
The duo are teaming up on a Business Class online tutorial programme.
J.P. Morgan establishes electronic FX trading and pricing engine in Singapore
by Ben Poole
This is the fourth such engine launched by the bank, following New York, London and Tokyo.
18% of UK SMEs set to collapse within 4 weeks without government help
by Ben Poole
The Corporate Finance Network, which carried out the research, has proposed a recovery plan.
COVID-19 threatens the business of traditional tourist destinations
by Ben Poole
A Deutsche Bank report looks at the economic impact of COVID-19 on European tourist hotspots and the companies that operate there.
CARES Act gives US airlines the option to extend their liquidity runways
by Ben Poole
A Moody's Investors Service report explores the COVID-19 impact on the US airline sector and the government's response.
The Global Hack looks for solutions to fight COVID-19 challenges
by Ben Poole
The Swedbank-sponsored initiative kicks off on Thursday.
Flux and Pleo partner on digital expense management
by Ben Poole
The duo say they will provide the UK’s first fully-automated, invisible expensing experience for businesses.
Calls for changes to UK’s Coronavirus Business Interruption Loan Scheme
by Ben Poole
OakNorth Bank has suggested a number of changes to CBILS in order to better support UK businesses.
Central Bank of Cyprus running new TMS
by Ben Poole
The MAPS TMS for central banks is provided by Banque de France and Banco de España.
COVID-19 crisis highlights need for real-time and new digital payments services
by Ben Poole
ACI Worldwide and Global Data research has analysed real-time payments volumes, growth and dynamics across 30 global markets.
Kyriba adds free access to enhanced support and targeted training for clients
by Ben Poole
The move is designed to assist corporates that may be missing key treasury staff.
Pelican and Banking Labs to bring AI-based payments and compliance to Canada
by Ben Poole
Banking Labs will market, sell and deploy Pelican solutions to banks and corporates.
EVO Payments nets US$150m additional investment from Madison Dearborn Partners
by Ben Poole
The technology firm has also provided a COVID-19 Update.