ForgeRock releases open banking and PSD2 accelerators
The management software identity and access software specialist is accompanying the launch with an on-demand webinar
Region
More Apac treasury teams involved in digital strategy
But many CFOs and corporate treasurers still see it as more the responsibility of their tech colleagues, a DBS Bank survey finds
Russia’s finance ministry ‘seeks delay of Basel III reforms’
Finance minister Anton Siluanov wants Russia's central bank to hold off requiring banks to boost their capital buffers, says Reuters
Europe move on deforestation may impact on supply chains
The European Commission has signalled action to protect and restore the world’s forests, which are home to 80% of biodiversity on land
Asia investors undeterred by low returns on money market funds
Preservation of capital and the provision of liquidity are the main reasons for the increasing popularity of MMFs
Starling Bank moves further into business banking
The UK digital bank is opening up its business account to more SMEs as it steps up a challenge to the country’s Big Four
EY and Open Banking Nigeria work on financial services innovation
The Big Four accounting group will partner in developing a standardised API interface for open banking in Nigeria
Apple supplier IQE explores new Asian supply chains
The chipmaker says that its supply chains worldwide have been reviewed in response to escalating US-China trade tensions
China’s regulator targets supply chain finance fraud
Recent cases involving allegations of fraud have persuaded the CBIRC that tighter controls are needed
ETFs “are no Harry Potter product”, claims industry
The European Systematic Risk Board (ESRB) warned that exchange traded funds pose a possible systemic risk to the financial system
UnionBank joins blockchain converts with pilot
In partnership with OCBC Bank in Singapore, the Philippines bank became the first to pilot a blockchain-based remittance
India looks further afield for corporate funding sources
The government is reported to be in talks with foreign lenders, as India’s banking system might not provide the US$14.5bn sought
Amex targets US small businesses with new credit card
The American Express Blue Business Cash Card can assist a healthier cash flow and access to more business opportunities says its issuer
More UK companies named and shamed as late payers
BAE Systems, Centrica and Prudential are among 18 businesses deemed as unethical for late payments to suppliers
Geopolitical tensions increase Singapore’s treasury appeal
The city state’s political stability, plus transparent legal and regulatory systems, make it an attractive corporate treasury location
Corporates respond to prospect of lengthy trade war
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
With bitcoin and other cryptocurrencies restored to favour, blockchain investment this year could be 60% down on 2018, data suggests
FIME launches testing tool for open banking APIs
The new solution enables banks and third-party providers to verify APIs against Payment Services Directive (PSD2) standards
Swift hails successful cross-border payments integration with FAST
The integration of Swift gpi Instant with Singapore’s domestic instant payment service has accelerated payment times
American CFOs departing while the going is good
A buoyant stock market may be prompting finance chiefs to retire before a downturn hits, reports the Wall Street Journal
US farming sector’s working capital ‘critically low’
The past five years have seen a massive drain in its liquidity and the country’s current trade disputes aren’t helping, a study finds
UK uptake of open banking ‘hampered by PSD2’
A report by advisory firm Fingleton Associates finds that progress has been made, but more is needed for open banking to gain traction
Asian Infrastructure Investment Bank seeks global deals
Its recent annual board of governors meeting in Luxembourg, where two agreements were signed, was the first to be held outside Asia
Market volatility widens FX losses for North American companies
Four consecutive quarters of increasing losses saw the figure climb to US$23.4bn in the first three months of 2019, reports Kyriba