Study: US firms continued to exhibit caution with cash holdings in Q3 2019
by Ben Poole
AFP October 2019 Corporate Cash Indicators finds US firms are planning to significantly build cash in Q4 2019.
North America
Santander Bank adds Cash Nexus platform to US commercial banking solutions
by Ben Poole
The solution provides access to local payment initiation in 15 global markets.
Citi Supplier Finance launches with WorldLink Payment Services
by Ben Poole
The virtual interface allows the bank's clients to transact across multiple major currencies for settlement.
J.P. Morgan launches AreaX to rethink processes across its Corporate & Investment Bank
by Ben Poole
The firm's new programme is designed to accelerate innovation, transformation and decision-making.
Kantox to provide Citi with FX payments connectivity for US corporates
by Ben Poole
Kantox will connect directly with Citi's foreign currency payments platform as part of the arrangement.
RBC launch insights-as-a-service platform to help businesses drive growth
by Ben Poole
Insight Edge is designed to help Canadian businesses leverage insights to make smarter business decisions at the local level.
Wells Fargo to pilot internal settlement service using distributed ledger technology
by Ben Poole
Wells Fargo Digital Cash is designed to drive operational efficiencies such as longer operating windows and real-time processing.
U.S. Bank acquires talech to expand digital capabilities
by Ben Poole
The move is to enable the bank to further support businesses in the digital marketplace.
J.P. Morgan’s ‘Volfefe’ index to track market impact of Trump’s tweets
by Ben Poole
The index will quantify the impact of presidential tweets on rates volatility.
New York State Department of Financial Services approves first gold-backed virtual currency
by Ben Poole
Paxos Trust Company, an existing DFS licensee, is now authorised to offer 'PAX Gold' and 'BUSD' stablecoin
Legacy systems and cyber security continue to trouble US corporates
by Ben Poole
A TD Bank survey reveals 88% of industry looking at in-house strategies to protect against cyber threats.
Report highlights US corporate strength despite recent global economic headwinds
by Ben Poole
US corporates are still in growth mode, despite some economic uncertainties.
Plastiq platform available to US Visa commercial cardholders
by Ben Poole
U.S. Bank is the latest financial institution to enable its SMB Visa cardholders to pay vendors through Plastiq.
Apple Card launches for US customers
by Ben Poole
The tech giant says the card has no fees, provides a simplified view of spending, and has a new security architecture.
US Fed to develop real-time payment and settlement rival to The Clearing House
by Ben Poole
The FedNow Service looks like it will be fighting for business with the existing RTP network from The Clearing House.
Salesforce joins US Mastercard small business programme
by Ben Poole
Card giant adds customer relationship management tool to its small business proposition
Rate cut by US Fed leaves Trump unimpressed
by Ben Poole
The cut of 25 basis points to US interest rates had the President reaching for his phone.
Study finds US firms continued to amass cash in the second quarter of 2019
by Ben Poole
AFP finds US corporates continuing to bolster cash reserves in uncertain times.
Rakuten’s US banking plans draw heat
by Ben Poole
Japanese e-commerce company's US banking plans draw ire of ABA.
US banking giants edge closer to merger
by Graham Buck
A proposed deal to combine BB&T and SunTrust Banks cleared a further regulatory hurdle this week
Amex targets US small businesses with new credit card
by Graham Buck
The American Express Blue Business Cash Card can assist a healthier cash flow and access to more business opportunities says its issuer
Corporates respond to prospect of lengthy trade war
by Graham Buck
With a prolonged, even deepening US-China trade dispute likely, companies are looking to banks for trade and financing solutions
Blockchain loses its allure for investors
by Graham Buck
With bitcoin and other cryptocurrencies restored to favour, blockchain investment this year could be 60% down on 2018, data suggests
American CFOs departing while the going is good
by Graham Buck
A buoyant stock market may be prompting finance chiefs to retire before a downturn hits, reports the Wall Street Journal