Industry roundup: 11 November
by Graham Buck
AFP holds first in-person conference for two years in Washington; Crypto for corporate treasury Meow raises US$5m; India's CredAble launches SME app
North America
Consumer demand for instant payments IS GLOBAL
by Jack Large
Citi’s Instant Payment service now available in 28 markets and growing at 100%+/year
Stablecoins need regulating, says US report
by Graham Buck
Operators of the digital tokens should be treated similarly to banks, according to regulators
US firms still cautious on cash, reports AFP
by Graham Buck
US companies are continuing to steadily accumulate cash, the latest quarterly survey from the Association for Financial Professionals suggests
Facebook launches low-key pilot of Novi digital currency wallet
by Graham Buck
Facebook has launched a low-key pilot of Novi, its digital currency wallet, with a limited number of people in the US and Guatemala
Goldman Sachs partners with American Express on cash management
by Graham Buck
Goldman Sachs is partnering with American Express in a bid to upgrade its digital cash management offering
US corporates urged to accelerate exit from LIBOR
by Graham Buck
US corporate treasurers and financial institutions are being urged to accelerate their move away from LIBOR
Industry roundup: 6 October
by Jack Large
News in brief, featuring Ciit's holistic digital policy, HKMA CBDC questions, KPMG ESG investment
ESG’s increasing visibility in short-term investments
by Ben Poole
BNY Mellon's LiquidityDirect platform has expanded its suite of short-end investment options and added ESG analytics for clients.
Stablecoins in treasury? WonderFi takes the plunge
by Ben Poole
The company's announcement comes as stablecoins are garnering headlines for increasingly catching the eye of regulators.
Managing people effectively tops treasury risk priorities
by Ben Poole
The 2021 AFP Risk Survey also found 47% of those managing risks at their organisations have been propelled into a more strategic role.
Tapering? Maybe this year, maybe not
by Ben Poole
A Moody's Analytics report looks at when the Fed might start to taper off some of its bond purchases instigated by the impact of COVID-19.
How COVID propelled an AP automation drive
by Ben Poole
MineralTree research highlights the progress finance teams have made in AP automation and the barriers still to overcome.
Uncertain future prompts US firms to build cash and short-term investments
by Ben Poole
An AFP study finds that though corporates are reporting improved business performance in Q2, they are building up cash and short-term investments.
New APIs to aid cash management decision-making
by Ben Poole
The new APIs from Afinis Interoperability Standards aim to help corporates better access detailed financial data across banking platforms.
How 5G will shake up global payments and benefit businesses
by Ben Poole
Verizon Business and Mastercard are partnering to bring 5G to the global payments industry.
Currency volatility sees multinationals lose almost US$10bn in Q1
by Ben Poole
Kyriba's Currency Impact Report for Q1 2021 shows North American companies were particularly badly hit with US$5.87bn in negative currency impacts.
Significant increase in US cash holdings attributed to pandemic
by Ben Poole
The 2021 AFP Liquidity Survey finds organisations continue to maintain more than 50% of their short-term investments in bank deposits.
BofA expands digital B2C payment offerings
by Ben Poole
The Pay to Card solution supports US and cross-border transactions via bank cards.
Asset managers’ adoption of disruptive technologies lagging
by Ben Poole
An Accenture report finds AI, cloud and technology platforms could help improve the client experience and drive more customised products and services.
Treasury salaries stifled in the past year
by Ben Poole
Research from the AFP has shown the increase in the base salaries of treasurers in 2020 was lower than previous years.
Innovative payments developments that should be on treasurers’ radars
by Ben Poole
Both Citi and FIS have announced payments-related news that has the potential to make a big impact for corporates.
US treasurers cautiously optimistic entering Q2 2021
by Ben Poole
Data from the Association for Financial Professionals shows US firms built cash in Q1 2021 at a significantly lower rate than the previous quarter.
The US$6.16bn cost of FX headwinds
by Ben Poole
Kyriba’s Currency Impact Report for Q4 2020 shows the cost of currency volatility on North American and European corporates.