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
News
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.
Virtual card transactions to increase 388% by 2028 - Industry roundup: 4 October
by Ben Poole
Australia extends rate hike pause again; MonetaGo and Tesselate to boost trade finance fraud detection; Visa launches US$100m genAI initiative
Companies lagging on ESG assurance preparations – Industry roundup: 3 October
by Graham Buck
Brazil nears digital ID launch; Tokyo to begin carbon credits trade; Apple Wallet UK adds account checks; Helipay mulls Russia payments deal
Survey shows investors have lost faith in the Bank of England’s decision-making - Industry roundup: 2 October
by Ben Poole
BIS and three central banks successfully test cross-border wholesale CBDCs; ESMA to focus on digital change and the green transition in 2024
BIS calls for legal framework changes to support CBDCs - Industry roundup: 29 September
by Ben Poole
US Q2 GDP posts 2.1%; Global financial crime compliance costs for FIs above US$206bn; Visa and Lloyds Bank to launch virtual card solution
World Bank “could boost lending to developing countries” – Industry roundup: 28 September
by Graham Buck
Italy dilutes windfall tax plan; Tencent joins CBDC interoperability pilot; New US government shutdown near; Spain fines Big Four for overworked staff
UK plans Basel III implementation delay - Industry roundup: 27 September
by Ben Poole
Standard Chartered enables real-time cash management data; Digital data-driven operations top C-suite priorities; Travelex completes £90m refinancing
Transnet’s woes unsettle South Africa’s businesses – Industry roundup: 26 September
by Graham Buck
Digital euro at least two years away; AIIB opens Abu Dhabi office; Telos supply chain initiative launches; Bank of Japan maintains caution
First digital trade transaction under new UK legislation - Industry roundup: 25 September
by Ben Poole
Kyriba to provide RBC with cloud-based payables and receivables finance solution; BofA launches trade finance platform; Nomentia unifies TMS
HSBC plans climate tech funding push - Industry roundup: 22 September
by Ben Poole
Canadian small business owners need additional cyber support; ACI Worldwide and Microsoft to accelerate global move to real-time payments
Central banks decide after Fed holds US rates – Industry roundup: 21 September
by Graham Buck
Deutsche Bank CEO warning for Germany; Goldman raises US$15bn for PE deals; Stan Chartered sustainable loans; Temenos Payments Hub on IBM Cloud
80% of large enterprise finance teams to use internal AI platforms by 2026 - Industry roundup: 20 September
by Ben Poole
Citi develops digital asset capabilities for cash management and trade finance; Visa and Swift look to enhance global B2B money movement
Blue bonds gaining traction in Asia-Pacific – Industry roundup: 19 September
by Graham Buck
Swift-Wise partnership launches at Sibos; Deutsche Bank offers crypto custody; Citi report on cross-border payments; NAB to exit Hong Kong
EBA Clearing runs pilot for pan-European fraud and anomaly detection - Industry roundup: 18 September
by Ben Poole
BofA’s CashPro Chat adds AI for businesses; Deutsche Bank and EIB enable sustainable finance access for mid-caps; Alpha to buy large stake in Cobase
Global non-cash transaction volumes to reach 1.3 trillion this year - Industry roundup: 15 September
by Ben Poole
HSBC launches multi-market account opening service; Legacy tech and regulation hampering FI growth; ABN Amro registers green bond on public blockchain
Three central banks test Swift’s CBDC connector – Industry roundup: 14 September
by Graham Buck
ECB raises key rates by 0.25%; Visa Cross-Border Solutions launches; MSCI opens Sustainability Institute; Adyen gets clearance for embedded finance
International businesses have growing confidence in ASEAN
by Ben Poole
Research commissioned by HSBC shows multinationals expect sales growth of 23.2% in Southeast Asia in the year ahead.
Five challenges CFOs face from a “deadweight” economy - Industry roundup: 13 September
by Ben Poole
Macroeconomic risk a serious challenge for treasurers; ION Treasury launches Wallstreet Suite; JPMorgan developing digital deposit token - Bloomberg
EC reduces eurozone growth forecast – Industry roundup: 12 September
by Graham Buck
Dimon attacks bank capital proposals; RBI aims to boost digital rupee; Japan hints at end to negative rates; HSBC calls time on Russian business