Swift success in global trade interoperability trials - Industry roundup: 11 December
by Ben Poole
EBA consults on crypto draft technical standards; BW Batangas secures US$145m facility; Trovata brings AI banking solutions to NAB.
News
Cash remains Europe’s most frequently used payment method
by Ben Poole
BearingPoint research also found contactless debit cards are the digital payment method of choice in Europe.
Singapore and China enhance digital finance and capital markets cooperation - Industry roundup: 8 December
by Ben Poole
RTGS.global completes instant settlement cross-border transaction, Citi expands its payments innovation toolkit, Israel-Hamas conflict credit effects.
UK cash usage up after prolonged decline – Industry roundup: 7 December
by Graham Buck
Australia and Canada hold rates; Italy and South Korea partner on CBDC; BlackRock expects more volatile era; Japan's major firms upbeat
Calmer markets tempt UK investors back to funds
by Ben Poole
UK investors look to equity and bond funds for the first time in months, Calastone finds.
Citi and Traydstream to streamline document services - Industry roundup: 6 December
by Ben Poole
ADB, GEAPP and MAS establish Asian energy transition finance partnership; Societe Generale issues digital green bond on a public blockchain.
Hong Kong and Thailand link rapid payment systems – Industry roundup: 5 December
by Graham Buck
Gold set to remain at record highs; Chase tipped as new Apple Card partner; US call for cash flow accuracy; Qataris halve stake in Barclays
Trade volumes returning to trend amid high uncertainty - Industry roundup: 4 December
by Ben Poole
Swift connects instant payment systems to bring cross-border 24/7 processing; Improved financing could save US$50 trillion as the world decarbonises.
COP28 begins with focus on climate finance – Industry roundup: 30 November
by Graham Buck
China factory data dips again; Deutsche Bank downbeat for 2024; Eurozone corporate lending drops; Climate change impacts grocery bills
ICC highlights benefits of trade digitalisation - Industry roundup: 29 November
by Ben Poole
EPC payment scheme for instant international credit transfers goes live; Standard Chartered China participates in e-CNY business pilot.
China bank-backed dollar bond sales tumble – Industry roundup: 28 November
by Graham Buck
Japan's inflation edges higher; Metro Bank rescue approved; Invest America initiative gains traction; CBA draws Australia's young tycoons
US and Japanese stocks to rally in 2024 - Industry roundup: 27 November
by Ben Poole
South Korea CDBC pilot set for 2024; Garanti BBVA expands remote corporate banking; EPC publishes SPAA scheme’s default remuneration model.
ESG investors committed to transition - Industry roundup: 24 November
by Ben Poole
Premium volume of global trade credit insurance market hits US$13.89bn; Chalhoub Group scores sustainability-linked working capital facility.
Turkey’s central bank set for further rate hike – Industry roundup: 23 November
by Graham Buck
Europe's gas supplies vulnerable; Eurozone banks "show signs of stress"; Canada plans 2024 open banking push; UK growth to remain tepid
European and North American corporates stung by US$20bn FX loss - Industry roundup: 22 November
by Ben Poole
Mastercard approved to begin domestic payments processing in China; Statrys rolls out Swift payment tracking for global corporates.
Argentina set for economic shake-up under Javier Milei – Industry roundup: 21 November
by Graham Buck
China keeps rates on hold; Support for Bank of Israel chief; World Bank commits US$12bn to Kenya; Apple Pay adds open banking in UK
Malaysia and Singapore connect real-time payment systems - Industry roundup: 20 November
by Ben Poole
Ant International unveils Web3 treasury solutions; 2023 challenging for UK business owners; Canadian SMBs lack confidence in ability to decarbonise.
Citi develops blockchain FX Solution - Industry roundup: 17 November
by Ben Poole
Calls for shift from supply chain resilience to growth; Insurers shift investment priorities due to higher rates; NAB launches virtual corporate card
IMF chief Georgieva sees CBDCs replacing cash over time – Industry roundup: 16 November
by Graham Buck
Japan's negative rates may end in 2024; SAP: Europe to up sustainability spend; EBRD urges €4bn capital increase; Mastercard, NEC pair on biometrics
Sweden’s economy continues to shrink - Industry roundup: 15 November
by Ben Poole
US headline inflation softens; Investors think SEC US Treasury reforms go too far; Citizens expands digital business banking solutions
US credit rating cut to negative by Moody‘s – Industry roundup: 14 November
by Graham Buck
Eurozone growth to stay subdued; Deutsche Bank tips Turkish lira bonds; HSBC completes tokenised gold trade; Japanese sell-off US corporate bonds
Global economy to outperform expectations in 2024 - Industry roundup: 13 November
by Ben Poole
J.P. Morgan launches programmable payments; High street banks reduce appetite to fund SMEs; UniCredit issues €750m green senior preferred bond
Business leaders back globalisation despite supply chain disruptions - Industry roundup: 10 November
by Ben Poole
ICC launches expanded recommendations for trade documents; UK GDP remains lethargic; Europe reaches political agreement on instant payments
Treasury’s vital role in a rapidly changing world
by Ben Poole
A new Citi report highlights the importance for companies to invest in treasury.