Industry roundup: 5 May 2020
by Ben Poole
News in brief featuring ION, Jack Henry, and GreenBox.
North America
Boeing’s actions highlight severity of aviation cash and liquidity turbulence
by Ben Poole
The company's termination of Embraer joint ventures has reduced its cash needs at a critical time.
US economic indicators reveal initial COVID-19 impact
by Ben Poole
Data from Citizens Commercial Banking and U.S. Bank shows the early tumult caused by the pandemic.
Report assesses initial US bank performance in the corona crisis
by Ben Poole
The report from Deutsche Bank Research suggests the current crisis may pose a greater threat to European banks than those in the US.
Card giants unleash COVID-19 war chest to support SMEs
by Ben Poole
Mastercard and Visa's support programmes for small businesses total US$460m
Sibos 2020 falls victim to COVID-19
by Ben Poole
SWIFT had already cancelled all in-person events through August.
MineralTree expands ERP integrations for AP automation
by Ben Poole
The move simplifies remote work for finance teams.
AFP survey finds business email compromise the most prevalent fraud tactic
by Ben Poole
The 2020 AFP Payments Fraud and Control Survey revealed 81% of organisations were targets of payments fraud in 2019.
CARES Act gives US airlines the option to extend their liquidity runways
by Ben Poole
A Moody's Investors Service report explores the COVID-19 impact on the US airline sector and the government's response.
COVID-19 vs the global financial crisis - key differences
by Ben Poole
A credit markets review and outlook of the current crisis from Moody's shows that, unlike 2008-2009, few speak of a credit crunch.
AFP urges FED to include Tier 2 commercial paper in new facilities
by Ben Poole
The US treasury association voiced support for the Commercial Paper Funding and Money Market Mutual Fund Liquidity Facilities.
FED and BoE outline COVID-19 corporate support efforts
by Ben Poole
Both central banks have launched temporary commercial paper facilities to support businesses.
Jack Henry & Associates streamlines AR financing
by Ben Poole
SilverLake System integration with BusinessManager lets banks to provide businesses with more transparency, faster access to funds.
Crowdz pilots blockchain-based invoice financing marketplace
by Ben Poole
InvoiceXchange lets businesses auction off unpaid invoices in return for financing.
The Coca-Cola Company records 58th consecutive annual dividend increase
by Ben Poole
The company's board has also elected Kathy Loveless as vice president and controller.
Paxos begins settling US securities trades for Credit Suisse and Instinet
by Ben Poole
It is the first time that blockchain-enabled settlement has been used in a live environment for US listed securities.
BofA turns attention to employees of corporate clients
by Ben Poole
Financial Life Benefits, a suite of workplace benefits and solutions, will be available to staff of the bank's US corporate clients.
Nacha building online platform for payment data sharing
by Ben Poole
Phixius will look to modernise and streamline the US payments process.
US Treasury announces 2020 National Illicit Finance Strategy
by Ben Poole
Report identifies key illicit finance concerns for the US and establishes a roadmap to modernise the country's AML/CFT regime.
Bank of America dashboard lets businesses view third-party app data
by Ben Poole
The Business Advantage 360 dashboard can now integrate data from Google, QuickBooks and more.
Cyber risk tops concerns for US financial professionals
by Ben Poole
The 2020 AFP Risk Survey also found that organisations are better prepared to assess risk.
Bankable in US strategic collaboration with Visa
by Ben Poole
The hookup boosts Bankable's global presence, with B2B payments top of the agenda in the US.
Kabbage launches custom loans for small businesses
by Ben Poole
The product is designed to improve short-term cash flow options for US companies.
Citi Commercial Cards launch intelligent virtual agent
by Ben Poole
The capability is designed to provide a better digital servicing experience for clients.