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The stable track record of SDD changed in March and April 2020 since several countries announced widespread lockdowns and economic activities in the majority of sectors had to be halted. For the first time in years, in April 2020 the number of executed SDD transactions decreased.
As businesses across Europe accelerate their digital transformations, savvy corporate treasurers have a unique opportunity to secure enriched data insights, which could enable treasury functions to become operationally and financially fitter.
Micron Technology's decade long partnership with HSBC has proven pivotal in solving the data storage producer's issues around high-value payments processing, a complicated process that is performed to a strict time-limit.
The successful processing of these critical payments has not only strengthened the consultative relationship between the two organisations, but underlined what can be achieved through collaborative working.
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