India’s CFOs ‘plan increased spend in 2019’
by Graham Buck
Nine in 10 believe that improving cash and working-capital management will be more important this year than in 2018
Region
South Korean banks and telecoms in blockchain initiative
by Graham Buck
Samsung Electronics, KEB Hana Bank and Woori Bank are among seven consortium members that plan to develop a network
Australian banks told to beef up capital buffers
by Graham Buck
Three of the country’s Big Four are each requested to set aside an additional A$500m by the Australian Prudential Regulation Authority
Yes Bank uses blockchain for commercial paper issue
by Graham Buck
The transaction of behalf of Indian conglomerate Vedanta is said to be the first digital issue of commercial paper using the technology
JP Morgan unveils low-cost robo advisor
by Graham Buck
The bank is releasing a digital investing service called You Invest Portfolios, which has been several years in development
China’s Tencent moves further into supply chain finance
by Graham Buck
The internet-based tech and investment giant promises to lower costs for suppliers after completing its first transaction last month
Mastercard expands real-time payments to gig economy workers
by Graham Buck
The growth of temporary and short-term contracts has seen workers seek quicker access to the next pay cheque than via payroll schemes
Blue Motor Finance, Lloyds partner on instant payment API
by Graham Buck
The partnership will focus on a ‘Faster Payments and Direct Debit API’ for motor traders and dealerships
Australian banks face ‘legacy hangover’ in real-time payments shift
by Graham Buck
An impending problem for the country’s big four and their competitors is identified in a paper issued by the New Payments Platform
More US insurers using exchange-traded funds
by Graham Buck
A Greenwich Associates/Invesco study finds more in the sector employing ETFs, with three main motivators identified
Neo gets green light for corporate multi-currency account
by Graham Buck
The ‘open network for the smart economy’ plans to launch the multi-currency account in four countries in early 2020
Funding access improves for Singapore businesses
by Graham Buck
Business lending in the city state is buoyant thanks to continued government support and innovations such as P2P crowdfunding
EMEA treasurers expect shift to non-bank services
by Graham Buck
Newer providers of services from payments to FX platforms and liquidity pools are increasingly in demand, a Finastra survey suggests
Nets, Giro partner on Hungary instant payments platform
by Graham Buck
The Nordic payment service provider sets up its instant payments platform in the country with the National Bank of Hungary subsidiary
Netherlands’ slow progress on PSD2 adoption analysed
by Graham Buck
Reports suggest the country is lagging in developing open banking, despite Dutch digital proficiency and openness to new technology
SSGA launches first-ESG-focused money market fund
by Graham Buck
State Street Global Advisors launches its first MMF based on social, governance and environmental criteria
Australia ‘big three’ join IBM on blockchain bank guarantee pilot
by Graham Buck
ANZ, CBA and Westpac plus Westfield shopping centres are trialling Lygon, a digital bank guarantees platform using the technology
Fitch highlights European high-yield fund risk
by Graham Buck
After the Woodford Equity Income episode, the ratings agency says the sector “appears to be operating with significant liquidity risk"
Tink: Banks’ poor-quality APIs threaten success of PSD2
by Graham Buck
The Swedish open banking platform claims that none of the production APIs made available meet regulatory requirements on integration
New Development Bank approves green loans for China projects
by Graham Buck
Formerly known as the BRICS Bank, funding of US$667 million is given the go-ahead for two major transport infrastructure projects
UK government unveils Green Finance strategy
by Graham Buck
The Treasury wants the country’s financial services sector to be at the centre of policies to combat climate change
Deutsche Bank completes renminbi transaction ‘first’ for tech firm
by Graham Buck
The bank announced its debut RMB foreign debt centralised management transaction under SAFE rules for Delphi Technologies
China’s regulator ‘to tighten rules for cash management products’
by Graham Buck
The China Banking and Insurance Regulatory Commission wants the treatment of CMPs to be similar to money-market funds, a report states
More UK defined benefit pension plans are cashflow negative
by Graham Buck
Strong equity returns in 2017 and rising yields last year “helped many DB plans to move closer to their endgame,” reports Mercer