Fintechs gain favour for B2B payments processing
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
North America
Chicago Board Options Exchange launches Cboe FX Point
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
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
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
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’
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
With currency volatility at a five-year low, more companies are taking the risk of going unhedged.
Starbucks brews up blockchain solutions
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
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
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
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
The successful experiment by the two central banks could make cross-border payments faster and more efficient.
Amazon joins the blockchain party
Amazon Web Services has released Amazon Managed Blockchain, a fully-managed Hyperledger Fabric service first announced in November.
Walmart creates own supply chain for beef
The US supermarket group is working with cattle producers and processors to develop its own supply chain for Angus beef.
Stripe’s billing product makes debut in Europe
The US online payments platform provider says that Stripe Billing can help European businesses of all sizes get paid faster.
Equifax buys PayNet, pledges innovative solutions for SMEs
The US data analytics and tech company says the deal should produce better access to capital for small to medium-sized businesses.
HSBC and Walmart launch green finance initiative
The US retail giant is joining with the bank to target carbon cuts in its supply chain.
Visa and Wave accelerate cash access for smaller businesses
The collaboration will enable Wave customers to receive money in real time.
Cyber attackers turn attention to smaller businesses
Big businesses are still the favourite target, but hackers are increasingly vulnerable warns insurer Hiscox.
Big investment and job losses ahead as banks sector embraces AI
The business value to the industry of artificial intelligence is expected to reach $300bn by 2030 but it will shed millions of workers.
US payments fraud at record high, AFP survey shows
More than four in five organisations reported incidents in 2018, reports the Association for Financial Professionals.
Visa teams with Bento for Business on cash flow management solution
The collaboration aims to improve cash flow management for an estimated 30 million smaller businesses in the US.
BNY Mellon forms tech alliance with BlackRock
By integrating customer data with each other rather than competing, both groups are aiming to boost growth.
Rabobank registers as swap dealer in the US
The Dutch food and agribusiness bank says the move will help its customised risk management products across the food chain.