Credit cards come back as UK moves towards a cashless society
by Kylene Casanova
New East & Partners Europe research* shows significant growth in the acceptance of credit cards and contactless card payments by SMEs
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Default on export invoices increased by 19% in Eastern Europe
by Kylene Casanova
Trade credit risk from foreign late payment on the rise in Eastern Europe, Atradius survey reveals
Card payment fees must be more transparent, says regulator
by Kylene Casanova
The UK's Payment Systems Regulator has published draft guidance on how it will monitor and enforce newer elements of the EU Interchange Fee.
Treasurers have more strategic role but still struggle with core tasks - survey
by Kylene Casanova
A survey by Kyriba and the ACT has found a mixed picture of increasingly strategic roles for corporate treasury, together with continuing challenges in global cash visibility and fraud.
Global FX market faces credit gap of $1.3 trillion
by Kylene Casanova
The global FX market has a 'credit gap' of about $1.3 trillion according to research, which could leave many stakeholders in dire straits but no one is addressing the problem.
SEC actions against US financial firms’ subsidiaries up 50% in 2015
by Kylene Casanova
A new report shows a dramatic increase in the total number of enforcement actions initiated by the SEC against public company defendants and related subsidiary defendants.
Compliance is main requirement for distributed ledger technology, BFL poll
by Kylene Casanova
SWIFT has released some of the results obtained from polls conducted at the Business Forum London. The day's presentations focused on themes such as distributed ledger technology.
“Compliance costs and complexity” are bugging financial industry
by Kylene Casanova
The topic of “excessive compliance costs and complexity” received the greatest number of responses to the EC's call for evidence on the EU regulatory framework for financial services.
Regional differences are biggest challenge for UK CFOs
by Kylene Casanova
More than half (51 per cent) of chief finance officers (CFOs) and finance directors based in the UK say that “regional differences” are the most challenging factor in financial planning and reporting.
Corporate treasury always want tailor made solutions, but is it possible? realistic?
by Kylene Casanova
Recent BNP Paribas and Boston Consulting Group survey shows that corporate treasurers want more security and tailor-made solutions - which is no surprise, but how can the transaction banks deliver?
EU’s country-by-country tax rules exclude 90% of multinationals
by Kylene Casanova
The European Parliament last week approved country-by-country reporting for MNCs but the rules will only apply to those with revenues above €750 million, leading to claims the tax rules have no teeth.
Target2’s turnover decreases due to TS2 and economic sluggishness
by Kylene Casanova
Changes in financial market infrastructure, with more migration to TS2, and slow economic growth in Europe are behind the 4.6 per cent decrease in turnover announced by Target2.
SmartStream launches TLM SmartRecs OnDemand for reconciliation
by Kylene Casanova
Innovative reconciliation service for corporates from Smart Stream’s new innovation lab
SWIFT in second cyber attack, TPBank also targeted by fraudulent SWIFT messages
by Kylene Casanova
Following the Bangadesh Bank heist in February, on Friday SWIFT announced further attacks by cyber criminals using malware to defraud banks. Now Vietnam's TPBank says it has interrupted an attack.
Payment cards numbers world-wide up 8.2% in 2015 whilst usage grew 16%
by Kylene Casanova
Visa purchase transaction volumes outpaced rest and UnionPay card numbers grew most at 47%
Warren Buffett’s epic rant against Wall Street: Hedge Funds are worst than S&P index
by Kylene Casanova
Buffet bet in 2006 that the Vangard S&P 500 index fund would be better the 5 Hedge Funds: by end 2015, the S&P 500 index fund had a cumulative return of 65.7%, outdoing the hedge fund teams’s 21.9% return
10 ways the EU data protection regulation could impact your company
by Kylene Casanova
Did you know that the EU data protection regulation could mean a €2.3bn boost for business? Here are 10 ways the GDPR will change things for businesses that process customer data in the EU.
Profit-shifting saves US companies $100bn a year
by Kylene Casanova
Tax rules introduced in the US last month took steps to make corporate tax inversions – when US companies move their tax residence overseas to avoid US taxes – less financially attractive.
Market and credit risks remain high in Q1
by Kylene Casanova
Uncertain EU and global economic outlooks keep liquidity risk at high levels, according to a Q1 report by the European Securities and Markets Authority.
Why treasury urgently needs to invest in FX risk management capabilities
by Kylene Casanova
Deloitte calls for investment in treasury's FX data processing and analytics tools, as FX exposures remain one of the weak spots of corporate treasury.
How to use commercial cards to control spending and improve liquidity management
by Kylene Casanova
Citi’s new survey shows that commercial cards management needs to be ‘Digital, Centralised and Globally Compliant’ to exploit their full potential
IFRS guide shows standards are spreading globally
by Kylene Casanova
The IFRS Foundation has published its 2016 edition of the Pocket Guide to IFRS Standards showing that 83 per cent of the biggest economies in the world now require the standards.
SWIFT issues statement refuting Bangladesh Bank hack allegations
by Kylene Casanova
SWIFT has issued a joint statement with the New York Fed and Bangladesh Bank but doesn't address the issue of how $81 million was stolen and which party was liable for the security breach.
Reval and SWIFT partner to provide corporates new bank connectivity option
by Kylene Casanova
Enhanced Bank Connectivity Service gives Reval Cloud users a comprehensive range of solutions