OpenTreasury

Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following:

• Australia signals further tightening, raises key rate
• European Central Bank increases rates faster than expected in the face of soaring inflation
• More large US companies link executive pay to ESG performance
• UST partners with TreasuryPay to optimise treasury and trade functions
• Kyriba launches liquidity planning, a reimagined cash flow planning and forecasting solution
• Mastercard diversifies payment flows and aims to compete for debit card volumes
• European Commission proposes mandating instant payments in euros
• M&A activity looks anemic heading to year-end

Pushpendra Mehta meets with Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• Rishi Sunak focused on economic stability as Britain's next Prime Minister
• Prioritizing integration of ESG and cybersecurity for long-term organisational value
• Deutsche Bank committed to 23% reduction in Scope 3 upstream financed emissions by 2030
• Smartphone apps easing real-time claim settlements in Asia
• Visa partnering with Thunes to expand Visa Direct's reach to 1.5 billion digital wallets
• Global Processing Services advancing fraud detection capabilities through collaboration with Featurespace

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• Mastercard launches a cloud-based analytics platform
• JPMorgan and Visa connect their private blockchain networks for cross-border payments
• Citi introduces 24/7 clearing for cross-border payments all days, including holidays
• Thoma Bravo acquiring software firm ForgeRock in a US$2.3 billion deal
• BNP Paribas buying automated currency risk management firm Kantox
• After looting over US$3 billion, crypto hackers set for a record year
• Sharp jump in UK fraud cases sparks warning of 'national security threat'

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Paul Galloway, Senior Advisor at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following:

• Ground-breaking SWIFT innovation paves way for global use of CBDCs and tokenised assets
• European SMEs considering real-time payment capabilities over the next year
• HSBC mulls selling Canadian operations
• Amid looming recession, the World Trade Organization (WTO) cuts 2023 global trade forecast
• Dollar's gains spell earnings pain for US companies
• World currency reserves falling rapidly
• Following US calls to limit China's access to semiconductor technology, Chinese chip stocks tumble

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following:

• Bank of America's CashPro® modernising its sign-in experience with biometrics
• DBS partnering with FinLync to accelerate digitalisation of corporate treasury functions
• HSBC embeds banking services into Oracle NetSuite Accounts Payable Automation
• World is edging into a recession, warns WTO chief
• EQT acquires Billtrust, a company automating the invoice-to-cash process, for US$1.7 billion
• Société Générale to broaden its offering for retail and online merchants after acquiring majority stake in PayXpert
• BNY Mellon adds new ESG ratings to securities lending
• India fast-tracking projects under a U$1.2 trillion mega initiative to strengthen economic challenge to China

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the US Federal Reserve (Fed) launching the FedPayments Insights Service to help financial institutions track ACH payment trends, the UK raising its interest rate (but less than the Fed), the Eurozone outlook darkening according to Deutsche Bank forecasts, and Nomentia partnering with SEB to provide integrations and bank connectivity.

• US Federal Reserve debuts the FedPayments Insights Service for ACH tracking efficiencies (21-Sep)
• UK holds off following Fed with a 0.5% interest rate hike (22-Sep)
• Deutsche Bank predicts deeper eurozone recession in 2023 (22-Sep)
• Japan officials intervene to support the yen, first time since 1998 (23-Sep)
• Nomentia partners with SEB for bank connectivity as P27 nears (27-Sep)

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• Norwegian central bank harnessing Ethereum's infrastructure for national digital currency
• World Bank sees rising risk of global recession in 2023 amid rate hikes
• US and EU stepping up pressure on Turkey over Russia sanctions
• Bank of America payments and spending data shows continued small business resiliency
• Survey findings show fraud is becoming increasingly more prevalent
• EU's plan for handling supply chain breakdowns criticised for overreaching
• Kyriba launches AI-based cash management tool

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to discuss key insights from the ESG investing article published on CTMfile.

Read the article here

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• The United Kingdom enters mourning for Queen Elizabeth II, delaying interest rate meetings
• Australia hikes rates for a fifth month
• Hedge funds "bet US$37 billion against Italian debt"
• Emerging markets worried as China's yuan weakens
• Recession now expected for Germany in 2023
• JP Morgan evaluates shifting its operations from Germany to London due to blackout concerns
• UK businesses to receive provisional energy relief, but concerns about zero-carbon persist

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• Hong Kong's key borrowing rate surging to highest level since 2008
• Deutsche Bank offering loans to combat energy crisis
• Spiralling gas prices threatening to trigger European recession
• Barclays selling remaining shares in South African lender Absa
• Standard Chartered focusing on Singapore's retail segment, rolling out digital-only bank
• Banco Santander partnering with Trovata
• US companies expecting to spend more to drive productivity despite inflation
• US government restricting chip exports to China and Russia, sending semiconductor stocks tumbling