Swift finds tokenisation potential in blockchain experiments - Industry roundup: 1 September
by Ben Poole
Half of Australian businesses plan to invest in digital payments; ESMA sees prevailing market uncertainty as downside risks rise
News
Switzerland to toughen anti- money laundering rules – Industry roundup: 31 August
by Graham Buck
Singapore charges money laundering ring; China's factory slowdown continues; Visa and Mastercard to raise fees; Vanguard supports fewer ESG proposals
Brokers predict UK will miss inflation target this year - Industry roundup: 30 August
by Ben Poole
BofA launches global digital disbursements in Canada; US Treasury and IRS issue proposed regulations for crypto tax reporting
Indonesia not yet ready to join BRICS – Industry roundup: 29 August
by Graham Buck
South Africa "falling behind neighbours"; Investors bearish on yuan's prospects; Eurozone money supply shrinks; StanChartered exits aviation leasing
US business leaders optimistic on economic environment - Industry roundup: 25 August
by Ben Poole
Australian CBDC research project concludes on a positive note; Siemens Healthineers goes live with ION Treasury’s ITS software
US rates outlook in focus at Jackson Hole Economic Symposium – Industry roundup: 24 August
by Graham Buck
Eurozone business activity dips; BRICS invites six new members to join; Credit card delinquencies warning; Risk-sharing facility to support Ukraine
ICC and Swift launch trade finance API standards - Industry roundup: 23 August
by Ben Poole
HSBC taps Calastone to launch expanded ETF offering; Bloomberg expands pricing quality analytics; DMALINK partners with Danske Bank on FX pricing
BRICS summit to focus on expansion and de-dollarisation – Industry roundup: 22 August
by Graham Buck
Turkey to exit protected lira scheme; Citi outlines challenges of T+1; ARM files for IPO on Nasdaq; Germany wants tighter foreign investment limits
China’s central bank surprises markets with modest rate cut - Industry roundup: 21 August
by Pushpendra Mehta , Executive Writer, CTMfile
China’s central bank cuts key interest rate as calls grow to stimulate economy
China’s property giant Evergrande files for bankruptcy - Industry roundup: 18 August
by Pushpendra Mehta , Executive Writer, CTMfile
China’s property giant Evergrande files for bankruptcy
Modest Q2 growth for eurozone, but recession in Netherlands – Industry roundup: 17 August
by Graham Buck
BAE agrees US$5.55bn acquisition; India pays for UAE oil in rupees; MAS qualified approval for stablecoins; BRICS bank issues first bonds in rand
India’s central bank to launch AI-powered conversational payments – Industry roundup: 16 August
by Pushpendra Mehta , Executive Writer, CTMfile
RBI adopts AI for conversational payments; KPMG highlights AI privacy worries, Manufacturers shift to real-time B2B payments & more.
Russia’s central bank hikes rates to 12% at crisis meeting – Industry roundup: 15 August
by Graham Buck
Japan's economic growth beats forecasts; Argentina devalues and lifts rates; China economic data misses targets; Multinationals expand use of AI
Absa CIB becomes Contour’s first African bank - Industry roundup: 14 August
by Ben Poole
66% in financial services would walk if required to work in the office full time; EBA finds supervisory cooperation against financial crime improving
US annual inflation rises for the first time in 13 months - Industry roundup: 11 August
by Ben Poole
Financial services dealmaking expected to rebound into 2024; UK GDP returned to growth in June; Global business travel costs to remain elevated
Brazil names its CBDC the Drex – Industry roundup: 10 August
by Graham Buck
mBridge project nears year-end launch; DIversity progress in US firms slows; Japan start-up plans Asia pay network; India to permit vostro accounts;
Corporate treasurers predict further US interest rate hikes - Industry roundup: 9 August
by Ben Poole
WhatsApp usage lands banks in hot water with SEC; Regions Bank expands integrated billing and payments; Standard Chartered joins AFP DEI initiative
US faces US$2 trillion ‘corporate debt wall’ warns Goldman – Industry roundup: 8 August
by Graham Buck
Italy's banks face windfall tax; Investors regain appetite for junk; PayPal to launch stablecoin; Ripple platform for carbon market
Tax transparency among top priorities for multinational corporates
by Ben Poole
Deloitte study reveals 56% of respondents have done at least some kind of modelling of the impact of Pillar Two on their tax profiles.
Digital Dollar Project pilot finds CBDC cross-border payment potential - Industry roundup: 7 August
by Ben Poole
Fraud driving up annual losses for banks; Flux Power secures US$15m credit facility; Settle unveils e-commerce purchasing and procurement suite
Digital transformation push expanding CFO’s role - Industry roundup: 4 August
by Ben Poole
Yalla Group opens StanChart sustainable account; US RTP network expands Request for Payment availability; Brex launches AI-enabled AP solution
Markets lower after Fitch downgrades US government debt – Industry roundup: 3 August
by Graham Buck
Argentina debt deal with PBOC; Bank of England hikes rate to 5.25%; ICE relaunches corporate bond product; UBS calls time on Crossfinder
Global fintech funding falls in 2023 - Industry roundup: 2 August
by Ben Poole
HSBC and Tradeshift plan joint venture; Gunvor increases OBSI facility to US$1.37bn; StanChart and Ant Group promote global sustainable development
China’s economic recovery still flagging – Industry roundup: 1 August
by Graham Buck
South Korea nearer CBDC pilot; Ripple sees US$10bn blockchain savings; Bank of Italy launches DeFi initiative; UBS drops Credit Suisse Russia clients