45% of US firms moved deposits to large banks in the past year - Industry roundup: 19 June
by Ben Poole
European SMEs display positive sentiment towards instant payments regulation; BIS and Bank of England test FX synchronised settlement.
News
UK business investment trails other G7 members – Industry roundup: 18 June
by Graham Buck
BNY Mellon rebrands; Canada, ADB launch C$360m climate fund; Yale team focuses on improving supply chains; Moody's warns on Pakistan's debt
Just 29% of firms are ready for ESG data to be assured - Industry roundup: 17 June
by Ben Poole
Bank of Ghana uses digital credentials in cross-border trade; Dollar to stay “stronger for longer”; BNP Paribas and BPCE form strategic partnership.
Manufacturing activity worldwide jumped in May - Industry roundup: 14 June
by Ben Poole
BIS and MAS develop climate risk platform blueprint; Citi and Emirates NBD launch 24/7 USD cross-border payments in the Middle East.
Fed dampens US rate cut expectations – Industry roundup: 13 June
by Graham Buck
Brazil inflation setback; Technical glitch hits RBI facility; BlackRock “seeks private-debt partners”; HSBC boosts stake in China JV
Citi launches real-time funding for corporates - Industry roundup: 12 June
by Ben Poole
Pakistan instructs banks to adopt digital SCF solutions; Mastercard commits to 100% e-commerce tokenisation by 2030 in Europe.
France‘s snap election rattles investors – Industry roundup: 11 June
by Graham Buck
Saudi Arabia joins Project mBridge; Help planned for US small businesses; Apple joins forces with OpenAI; Shangri-La Asia issues first panda bond
Fed to focus on sustaining economic expansion - Industry roundup: 10 June
by Ben Poole
Aussie SMEs see fastest new business expansion in two years; Only 56% of US FIs currently offer faster payments; Are bond investors too complacent?
Geopolitics, trade and AI present the biggest risks to multinationals’ growth - Industry roundup: 7 June
by Ben Poole
Further performance divergence between European manufacturing and service sectors; Securities lending revenue down 16% YoY in May.
ECB set to follow Bank of Canada with rate cut – Industry roundup: 6 June
by Graham Buck
Australia's Q1 economic growth at 0.1%; China plans carbon measurement standards; Bloomberg offers T+1 FX fixings; IFC, HSBC aid Mexico supply chain
European payment leaders bullish despite lost business from international challenges - Industry roundup: 5 June
by Ben Poole
Risk managers ask for more firepower; Australia issues inaugural AU$7bn green bond; Payments approach a competitive differentiator for merchants.
Modi set for third election victory as India’s economic boom continues – Industry roundup: 4 June
by Graham Buck
Challenges for Mexico's new leader; Turkey's economic growth strong; US$4bn platform for emerging markets; Malaysia invests US$100bn in semiconductors
British business confidence at highest level since 2015 - Industry roundup: 3 June
by Ben Poole
Investors like companies that are onshoring their operations; HSBC launches payment pre-validation for businesses; Türk Eximbank scores €1bn facility.
Swift launches AI pilots to tackle cross-border payments fraud - Industry roundup: 31 May
by Ben Poole
73% of businesses struggle with payment delays; Swedbank sets climate target for shipping portfolio; GTreasury adds BMO to API connectivity suite.
South Africa to hold rates ahead of election result – Industry roundup: 30 May
by Graham Buck
ABN Amro acquires German bank; Global debt “has risen to US$315 trillion”; N26 blames regulator for lost growth; IFS-PwC UK sustainability venture
Digital wallets in the US get business bump - Industry roundup: 29 May
by Ben Poole
Geopolitics primary factor affecting corporate FX hedging; Is China's rebound for real?; Surecomp showcases collaborative eBL process.
China beefs up semiconductor sector with US$47.5 billion funding – Industry roundup: 28 May
by Graham Buck
US aims for rare earths self sufficiency; Boeing’s cash flow situation worsens; South Africa’s ‘Big Four’ banks target China; German economy rallies
Base salaries for US treasurers increased 4.4% in 2023 - Industry roundup: 24 May
by Ben Poole
Europe green lights rules on AI; CFOs must treat cybersecurity as business decision; Cross-boundary e-CNY pilot in Hong Kong expands scope.
UK heads for 4 July general election
by Graham Buck
Voters will head to polls amid sluggish growth, high interest rates and cost-of-living headwinds.
Next industrial revolution underway, says Nvidia – Industry roundup: 23 May
by Graham Buck
BNP Paribas steps up decarbonisation drive; Yellen urges tougher Russia sanctions; World Bank first with CHF digital bond; Qatar US$2.5bn green bond
CFOs must get ahead of four enterprise ‘AI stalls’
by Ben Poole
CFOs adopting AI are unlikely to realise the anticipated enterprise benefits unless they mitigate four common stalls that hinder adoption.
Swift standardises payments end-to-end to enhance corporate experience - Industry roundup: 22 May
by Ben Poole
Factoring industry showed resilient growth trajectory in 2023; UK headline inflations nears 2% target; Deloitte and Basware form e-invoicing alliance.
US restaurant chain Red Lobster joins retail casualties – Industry roundup: 21 May
by Graham Buck
China tariffs threat to EU wine exports; Microsoft tells suppliers to go green; Japan investors await rate hikes; SocGen invests in energy transition
Santander and Iberpay launch first OCT Inst payments - Industry roundup: 20 May
by Ben Poole
Mercore and Tradeable complete first digital bill of exchange transaction in Africa; Basel Committee report explores the digitalisation of finance.