US healthcare sector’s CFOs focus on IT system integration
by Graham Buck
A survey by industry researcher Black Book identifies it as their main IT challenge, reflecting a lack of investment in recent years.
North America
Microsoft adds real-time stocks data to Excel
by Graham Buck
The partnership with Nasdaq and Refinitiv builds on and expands last year’s launch of the Stocks data type in Excel.
PayFi, The Clearing House partner on US real-time payments
by Graham Buck
The partnership promises to bring real-time payment capabilities to community banks across America.
Bank of America warns trade wars to dent US corporate profits
by Graham Buck
The bank’s top stock strategist warns clients that the S&P 500 has yet to reflect the impact the US-China trade dispute may have on ear
Walmart signs up for blockchain to track pharmaceuticals
by Graham Buck
MediLedger’s aim is to establish an “open and decentralised network for the pharmaceutical supply chain.”
Banks’ online portal seeks to drive fintech collaboration
by Graham Buck
Israel’s Bank Leumi, North America’s CIBC and National Australia Bank pool resources as part of an international banking alliance.
Trump tax breaks ‘saved US corporations US$91bn’ in 2018
by Graham Buck
The Tax Cuts and Jobs Act passed in late 2017 cut the rate of corporate tax from 35% to 21%, but many companies reduced it further.
Visa chief downplays banks’ push for real-time payments
by Graham Buck
Al Kelly says he is unconvinced real-time payments will take off and asks: “Does the consumer really need the funds that much faster?"
US and UK form fintech innovation partnership
by Graham Buck
The FIP will focus on two main areas of regulatory engagement and commercial engagement to facilitate innovation.
US fintech Plaid rolls out services in the UK
by Graham Buck
The six years old San Francisco company, already valued at $2.7bn, is expanding across the Atlantic and opening its first UK office.
Consolidation continues as Global Payments pays $21.5bn for TSYS
by Graham Buck
The payments technology sector marks its third major acquisition deal since the start of this year.
Fintechs gain favour for B2B payments processing
by Graham Buck
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
Chicago Board Options Exchange launches Cboe FX Point
by Graham Buck
Cboe’s institutional FX arm says the electronic foreign exchange trading venue gives institutional investors a range of options.
Moody’s helps US SMEs with cash flow forecasting
by Graham Buck
The credit ratings agency is partnering with the Foundation for Small Business Development to help firms access financial resources.
Kyriba links with JP Morgan on real-time payments
by Graham Buck
The San Diego group is the. first treasury management provider to offer real-time payments in the US to the bank’s corporate customers.
US treasury and finance professionals average 3.5% pay rise
by Graham Buck
The figure for 2018 reported by the Association for Financial Professionals kept employees well ahead of inflation, which averaged 1.9%
Shadow banking ‘increasing systemic risk’
by Graham Buck
Progress made since the financial crisis in improving banks’ credit profiles could be undermined by its growth, warns Fitch Ratings.
Calmer FX markets sees fewer US multinationals hedge
by Graham Buck
With currency volatility at a five-year low, more companies are taking the risk of going unhedged.
Starbucks brews up blockchain solutions
by Graham Buck
The coffee chain is working with Microsoft to give consumers more information on each stage of its supply chain.
Federated Investors buys $14bn in fund assets from PNC
by Graham Buck
One of the biggest US providers of money market funds used for liquidity management is set to grow even bigger.
Federal Reserve warns on record US corporate debt
by Graham Buck
Leveraged loans grew by 20% in 2018 to reach $1.1 trillion and those going to riskier borrowers exceed previous peaks in 2007 and 2014.
US financial institutions anticipate faster payments demand
by Graham Buck
While most see demand for faster payments underway, only a minority have put a strategy in place a survey suggests.
MAS, Bank of Canada blockchain trial promises cross-border payment gains
by Graham Buck
The successful experiment by the two central banks could make cross-border payments faster and more efficient.
Amazon joins the blockchain party
by Graham Buck
Amazon Web Services has released Amazon Managed Blockchain, a fully-managed Hyperledger Fabric service first announced in November.