Stormy markets drive investors to money market havens - Industry roundup: 8 November
by Ben Poole
Most finance organisations lag other functions in AI implementation; Credit risk steady in trade, supply chain and export finance
News
Financing completed for Taiwan’s largest wind farm - Industry roundup: 6 November
by Ben Poole
Payments Canada selects Nexi to enhance critical resilience of RTGS; NAB introduces fee-free international business payments
HSBC builds tokenised treasury management capabilities - Industry roundup: 3 November
by Ben Poole
SIX and Swiss National Bank pilot wholesale CBDC issuance; HKMA publishes report on phase 1 of the e-HKD pilot programme
Digital trade finance consortium Contour to close - Industry roundup: 1 November
by Ben Poole
Japan, Singapore, Switzerland and UK partner on digital asset innovation; Surecomp adds Semsoft’s trade risk intelligence solution
Swedish CFOs downbeat on business opportunities - Industry roundup: 30 October
by Ben Poole
ECB survey makes limited revisions to headline inflation expectations; Migros upgrades to ION’s Wallstreet Suite solution
SEPA payment schemes’ ISO 20022 migration postponed - Industry roundup: 27 October
by Ben Poole
One in three nations on open banking journey; US economy signals stronger Q3; BNY Mellon launches FX platform
European Central Bank set to keep rates on hold – Industry roundup: 26 October
by Graham Buck
Fed wants to cut card fees; Turkey set for rate hike to 35%; StanChart, Deutsche partner on stablecoin; Pix no Mundo launches in Latin America
ChatGPT can predict future interest rate decisions - Industry roundup: 25 October
by Ben Poole
Visa to simplify commercial virtual card acceptance; Casey’s wins AFP 2023 Pinnacle Awards; Euroclear launches DLT digital securities solution.
Argentina’s economic outlook still murky – Industry roundup: 24 October
by Graham Buck
US 10-year Treasury yield at 16-year high; Priorities for G7 Osaka summit; Nigeria sees liquidity crunch relief; Security new 'S' of ESG
Mastercard and Remitly to expand access to cross-border payments - Industry roundup: 23 October
by Ben Poole
Trulioo to support J.P. Morgan Payments’ ID verification services; Modern Treasury joins U.S. Bank payments network; Citi and Navan launch T&E system
Global economy faces US$3.5 trillion cyber attack risk - Industry roundup: 20 October
by Ben Poole
75% of US businesses to use real-time payments in next 5 years; Samuel selects ION’s Reval; AusPayNet to align ISO 20022 guidelines by close of 2027
Digital euro moves a step closer – Industry roundup: 19 October
by Graham Buck
US-China chip battle escalates; Egypt first with panda bond; Shell abandons carbon offset targets; Warning on Treasury bond market
62% of corporates experience a lack of FX transparency - Industry roundup: 18 October
by Ben Poole
BIS sets out harmonised ISO 20022 data requirements; UAE instant payments platform launched; Call for improved data collaboration to tackle fraud
China’s Belt and Road initiative marks first 10 years – Industry roundup: 17 October
by Graham Buck
Israel's banks offer financial relief; RBA sees tokenised asset savings; South Korea fines for naked shorting; Industrial park promotes digital yuan
FPC releases operational considerations for instant payments guideline - Industry roundup: 16 October
by Ben Poole
FSB releases progress report on climate-related disclosures; Interoperable CBDC for Web3 commerce demonstrated; RBC and Xero automate AP process
48% of Singapore firms want better fintech solutions - Industry roundup: 13 October
by Ben Poole
US headline inflation sticks, slight decrease in core; Thomson Reuters unveils e-invoicing solution; Deutsche Bank invests in AI startup
Hong Kong aims to revive status as financial hub – Industry roundup: 12 October
by Graham Buck
Bank of Israel head to stay on; UK economy sees modest growth; China agrees Sri Lanka debt deal; Nigeria defends the eNaira
IMF: Global growth “limping not sprinting” - Industry roundup: 11 October
by Ben Poole
EBA notes benefits from rising interest rates stabilising; UK business cost pressures ease but output falls in Q3; SAP unveils genAI tools
Morocco hosts annual meeting of World Bank and IMF – Industry roundup: 10 October
by Graham Buck
Israel acts to support shekel; HSBC buys Citi China arm for US$3.6bn; Metro Bank rescued in £925m deal; India and Tanzania plan local currency trade
US small business owners foresee revenue increasing; supply chain and labour issues easing
by Ben Poole
67% anticipate revenue growth over the next 12 months, despite the ongoing impacts of inflation and high operating costs.
US payroll employment surpasses expectations in September - Industry roundup: 9 October
by Ben Poole
Goldman Sachs Research asks if China's economy faces “Japanification”; BIS and central banks explore embedding compliance in cross-border transactions
Basel Committee reports on 2023 banking turmoil - Industry roundup: 6 October
by Ben Poole
NAB partners with Trovata on corporate cash management solution; NatWest launches transaction categorisation service
EU’s plans for wholesale CBDC “imminent” – Industry roundup: 5 October
by Graham Buck
EY and Microsoft to teach green skills; Japan's FSA to stress test banks; SoftBank chief expects AGI within 10 years; Kenya seeks advice on Eurobond
American finance leaders shift to defence mode
by Ben Poole
US corporate finance leaders have firmly pivoted their focus from revenue growth to cost control.