Cheaper, Faster and Sustainable: Digital Trading Goes Live
In the ever-evolving landscape of corporate finance, the Electronic Trade Documents Act 2023, which received Royal Assent in July and will be in operation from September 20, stands as a monumental milestone, poised to reshape the way corporate treasurers manage financial transactions. The UK has become the first G7 and G20 country to enact legislation […]
10 Reasons to Adopt Digital Trade Instruments
The digitalisation of global trade is well underway, opening the door to more innovative, accessible trade finance solutions, and supporting trade and business growth around the world. The opportunity to leverage these digital capabilities could not be better timed. The maelstrom of challenges that global trade participants continue to face has resulted in extreme uncertainty […]
Why Trade Finance Market Places are the Way Forward
The Covid-19 pandemic resulted in a significant slump in global trade volumes in 2020, with the latest World Trade Organisation (WTO) forecast estimating that global merchandise trade will shrink by 9.2% year-on-year. If there is any silver lining to the crisis, however, it is that it has accelerated the adoption of digital trade processes and […]
A New International Monetary System in a New World Order
The global financial industry is undergoing a period of significant change, fuelled by a combination of regulation, globalisation, economic crises and socio-political unrest. As new currencies come to the fore and shifts in economic power continue, the requirement for harmonisation across the global financial industry – in order to facilitate international trade and cross-border investment […]
The Future is Fintech
The Future is Fintech by Dominic Broom, Head of Treasury Services EMEA, BNY Mellon “Fintech will radically redefine the payments landscape, and has the potential to leave banks behind if they fail to react.” So concludes BNY Mellon’s pioneering new report, Innovation in Payments: The Future is Fintech, which is launched at Sibos 2015. […]
Forging a Path to the Future of Payments
Forging a Path to the Future of Payments by Dominic Broom, Head of Treasury Services EMEA, BNY Mellon The global payments business is being significantly and rapidly reshaped by a number of market forces and developments. Indeed, such changes are already in motion, and will usher in a new era of payments by 2020. Dominic […]
Making Corporate Cash Work Harder
Making Corporate Cash Work Harder by Dominic Broom, Head of Sales and Relationship Management for BNY Mellon Treasury Services EMEA, and Gerry Barber, Managing Director, Strategic Development and Investment Management Group, BNY Mellon High yields are no longer a valid justification for cash and liquidity management inefficiencies, say BNY Mellon’s Dominic Broom and Gerry Barber. […]
Traversing the Liquidity Gap
In this month’s edition, we are privileged to be able to interview Dominic Broom, Head of Market Development, Treasury Services EMEA, The Bank of New York Mellon, who talks about pressures and challenges that are facing many mid-cap companies, and how their banks can help. What keeps treasurers of mid-cap companies awake at night? In […]