Cash & Liquidity Management
Power Pairing
Discover how the embedded revolution is now gaining traction in the corporate space.
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Cash & Liquidity Management
Transform Your Supplier Payments
Experts from HSBC and Visa consider common misconceptions associated with the use of cards for supplier payments.
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Treasury Strategy & Transformation
Growing Pains
HSBC’s Ray Suvrodeep and Jon Denny shed light on the myriad of finance and treasury challenges SMEs face and offer advice on how to overcome them.
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People in Focus
People in Focus
TMI profiles Brook Johnson, Head of EMEA CS&I at J.P. Morgan, and Mark Evans, Global Head of Cross Border and Cross Currency Payments at HSBC.
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Treasury Strategy & Transformation
Corporate Innovators
The Best and the Brightest of 2021 2021 was arguably one of the most innovative years on record in the world of corporate treasury, based on the standard of entries to the TMI Corporate Recognition Awards. Here, we present a brief overview of the winning projects – which cannot possibly do justice to the magnitude...
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Treasury Strategy & Transformation
New Heights for Bank and Technology Innovation
Showcasing the 2021 Award Winners The nominations for TMI’s 2021 Awards for Innovation and Excellence were not only more numerous than ever, but also pushed the boundaries of corporate treasury development further than ever before. All of the bank, technology vendor and fintech winners have created solutions that respond to real needs – present and...
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Treasury Strategy & Transformation
Evolving Treasury
Expectations of the treasurer have never been higher. We share insights around transforming the treasury department into a future-fit centre of value creation.
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My Life in Treasury
My Life in Treasury: Diane S. Reyes
The Long Goodbye On the cusp of retirement, Diane S. Reyes, Group General Manager and Head of Global Liquidity and Cash Management, HSBC, reflects fondly on her journey to the top. One of the most powerful women in banking, Reyes also shares her insights into forging a path in a man’s world, her hopes for...
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Cash & Liquidity Management
Finding Value for Corporate Cash: Short-term Investments Under the Microscope
A perfect storm of low interest rates, the pandemic, and potential regulation has put pressure on the short-term investment instruments that treasurers rely on for cash management. Add in trending topics such as environmental, social, and governance (ESG) and the role of technology in business, and it is clear there is plenty for treasurers to...
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Cash & Liquidity Management
A New Treasury Ecosystem: Leveraging the Evolution of Transaction Banking
Treasury is not an island; it is influenced and supported by the ecosystem that surrounds it. Transaction banks play a pivotal role within this network – and they are continually innovating to enable treasurers to leverage industry developments such as banking-as-a-service. As a result, business models are changing, sustainability is rising in importance, and co-creation...
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CSR & ESG
The Power of Transformation: Issuers and Investors Target ESG for Better Returns and Lower Risks
HSBC’s Sustainable Financing and Investing Survey 2021 captures how the capital markets are increasingly embracing environmental, social, and governance issues. Here, TMI presents some of the key highlights for treasurers to be aware of. Companies and institutional investors increasingly understand that an active and positive stance towards environmental, social, and governance (ESG) is good for...
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Treasury Strategy & Transformation
Covid-19 and Beyond: Convergence of a Healthcare Ecosystem
Digital transformation coupled with the emergence of HealthTech start-ups continues to drive rapid developments in the healthcare industry. The opportunity is vast, with total healthcare spend within the Asian corridor estimated to exceed USD4 trillion by 2024.[1] As healthcare firms collaborate within their ecosystem, treasurers need solutions to help streamline treasury functions, and tools and...
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Data Analytics
The Rising Velocity of Cash and Data: Establishing a Real-time Treasury
As real-time payments and collections gain traction, the velocity of cash is accelerating. In turn, treasurers must move away from outdated systems and batch processing, while exploring the possibilities of real-time investing. They must also learn how to handle and analyse swathes of data ‘on demand’, to make the most of the 24/7/365 environment. Four...
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Treasury Strategy & Transformation
Pandemic Powerhouses
TMI Corporate Recognition Award Winners 2020 In one of the toughest years for treasury in the past decade, treasury teams stepped up their innovation projects and rolled out digital best practices at speed. Here, we celebrate their successes. What a year 2020 was. As much as the financial crisis of 2007/8 had provided some insight...
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Cash & Liquidity Management
Strength and Support
HSBC Shows its True Colours BEST BANK FOR CASH & LIQUIDITY MANAGEMENT Global Bank of the Year BEST BANK FOR CASH & LIQUIDITY MANAGEMENT North America BEST BANK FOR TRADE & FSCM China BEST BANK FOR TRADE & FSCM North America TECHNOLOGY & INNOVATION AWARDS Best Mobile Technology Solution for Treasury TREASURY4GOOD AWARDS Best Provider...
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CSR & ESG
Celebrating a Sustainable Future
Treasury4Good Awards 2020 Despite the global pandemic, sustainability and diversity and inclusion (D&I) have remained key areas of engagement for corporate treasurers and their relationship banks. Here, we celebrate those organisations putting environmental, social and governance (ESG) issues at the heart of the corporate treasury function. Now in their second year, TMI’s Treasury4Good Awards recognise...
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Treasury Strategy & Transformation
Preparing for the Next Crisis: 10 Steps for Treasurers
No-one can predict where the next crisis will come from, or what form it will take. It could be another wave of Covid-19, or a different challenge altogether. Regardless of the source of any future turmoil, treasury teams can build on lessons learned from 2020 to be better prepared. Here, three HSBC experts share their...
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Risk Management
The Resilient Treasurer: Building a Digital Armoury for 2021
Without question, the Covid-19 pandemic has strengthened the business case for digitisation and dramatically increased the pace of digital adoption. Treasury 4.0 technologies, such as data analytics and application programming interfaces, will be key to building long-term resilience. Here, four HSBC experts examine the challenges, risks and opportunities of embracing digital treasury capabilities – and...
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CSR & ESG
The Rise of ESG: Business Drivers and Treasury Imperatives
More and more treasurers are getting involved in environmental, social and governance (ESG) initiatives. Not only financing them but also embedding them into treasury processes and spearheading departmental sustainability projects.  ESG is now widely recognised as an opportunity to innovate, add value, improve risk management, and contribute to long-term growth. The importance that C-level executives...
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Treasury Strategy & Transformation
From Reaction to Action – Responsiveness and Business Resilience in a Pandemic
Amid the early stages of the Covid-19 pandemic lockdown, corporate treasury teams had to act quickly to get to grips with their overall liquidity position and ensure they could access liquidity when they needed to. As lockdowns ease and businesses look to recover, a 5-step medium-term response can help ensure the lessons learned in the...
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Banking
Here Come the Winners… 2019 Awards for Innovation & Excellence
Digital disruption was one of the key drivers of treasury innovation in 2019.  As this year’s Award winners demonstrate, banks, technology vendors and fintechs have leveraged digital innovation to move the corporate treasury profession forward – delivering excellence by helping treasurers to become more efficient, operate in real-time, and contribute to the wider business in...
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Cash & Liquidity Management
Raising the Bar: Corporate Recognition Awards
By Eleanor Hill, Editor Year-on-year, the standard of entries to TMI’s Corporate Recognition Awards increases, taking the corporate treasury profession to new heights. The following overview of projects undertaken by corporates over the last 12 months provides a mere flavour of the innovation happening in the industry and we congratulate all our winners wholeheartedly! Best...
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Treasury Strategy & Transformation
The Power of ONE: Building Treasury’s Digital North Star
Created from a triple merger, Ocean Network Express (ONE) had just nine months to digitise, streamline and automate treasury processes. Here, Toshiaki Ichida, General Manager, Treasury, ONE, is joined by Ziad Kabbara, Global Sector Head, Transportation, Aviation and Logistics, and Clarice Kwa, Vice President, Transportation, Aviation and Logistics, Global Liquidity and Cash Management, HSBC, to...
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CSR & ESG
Diversity and Inclusion: the Need for Courageous Integrity
Companies across the globe are striving for a more caring and responsible relationship with employees and the communities in which they operate. But are they doing enough to make sure that diverse hires thrive within the organisation? And that employees from under-represented groups feel included as valued, appreciated contributors? Four diversity and inclusion champions share...
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Treasury Strategy & Transformation
Robotic Treasury: Seizing Digital Transformation in ASEAN
HSBC’s recent Global Liquidity and Cash Management Forum held in Singapore captured the spirit of digital change that is sweeping through businesses, governments, and treasury in the ASEAN region. Panellists: Mukesh SinghTreasury Manager, Microsoft Jing Li ThohVP and Head of Group Corporate Finance, Sembcorp Rani MisraRegional Treasurer, Cargill Antony LewisDirector Digital Assets, R3 Ai Chen...
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Cash & Liquidity Management
Capturing Digital Transformation to Deliver Smarter Treasury in Ireland
Global digital transformation has kickstarted the Fourth Industrial Revolution, also known as Industry 4.0. For corporate treasurers, this represents a complete shift in approach to treasury processes, technology and, most importantly, talent. Alan DuffyCEO, HSBC Ireland HSBC’s recent Global Liquidity and Cash Management Forum, held in Dublin, Ireland, highlighted the technological advances that are revolutionising...
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Country & Regional Focus
Turning up the Heat: Treasury Transformation in Mexico
Mexico is now seen as a regional and global fintech hub with high growth potential. As the country embraces digital innovation, especially in the financial sector, treasury management is also poised to make a leap forward. Mexico now boasts one of the strongest fintech ecosystems in Latin America and is rapidly being recognised as a...
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Treasury Strategy & Transformation
Supercharging Treasury with Industry 4.0 Technology
Artificial intelligence (AI) and robotics are no longer pipe dreams for treasury. As attendees at HSBC Global Liquidity & Cash Management’s recent Treasury Forum in London discovered, leading treasury functions are already deploying these ‘Industry 4.0’ technologies to make their operations slick, lean and intelligent – without significant budget or disruption. Panellists Karen Van den...
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Trade Finance
Breaking Boundaries: Smart and Sustainable Supply Chain Finance
In an increasingly accountable business environment, corporates are looking for new ways to support their suppliers to adhere to sustainable and ethical standards. Alongside creative supply chain finance (SCF) solutions, treasurers are analysing how emerging technologies can assist them in making their supply chains more sustainable – in every sense. Ignoring sustainability is no longer...
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Treasury Strategy & Transformation
Houston, We Have a Solution: Cheniere Flips the Treasury Script
Over the last 18 months, Cheniere’s treasury landscape has changed beyond recognition. As Brook Ballard, Treasury Manager, Cheniere Energy, Inc., David Andrada, Global Sector Head and Steven Smith, Regional Sector Head for Natural Resources & Utilities (NRU), HSBC Global Liquidity and Cash Management, explain, from decentralised beginnings, Cheniere now runs centralised, global treasury operations from...
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Treasury Strategy & Transformation
The Data-Driven Treasury: A Virtual Cycle of Value
What first comes to mind when you think of a day in the life of a treasurer? Cash management? Transaction processing? Hedging risk? In reality, the first thing you should think of is data, which underpins every treasury activity. Now more than ever, the quality, timeliness and consistency of data that treasury produces, receives, manages...
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Banking
Great Expectations – future proofing treasury: Foreword
In a world that’s in flux, treasurers are under pressure. They and the companies they work for face change from many directions – whether it be economic, technological or demographic. Not only is the world facing a shift of economic power from West to East, with a parallel rise in trade tensions, but also new...
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Treasury Strategy & Transformation
Treasury Convergence as a Launch Pad for Growth
The business world is in flux. Never has so much change happened at such a pace. Amidst it all, it has become incumbent upon the corporate treasurer to support the business in managing this change, creating order, efficiency and clarity so that opportunities can be captured – and so that risks can be mitigated. While...
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Country & Regional Focus
Why navigating today’s macroeconomic watershed depends on the treasurer
The world economy is at a defining moment. Think of an accelerated industrial revolution, swept along by rapidly developing new technology and a shift in economic power from West to East. In parallel, governments are redirecting their economies through diversifying and pivoting, positioning them to focus on new growth sectors. By 2030, China will be...
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Trade Finance
Next Generation Trade Finance – Putting Innovation into Action
There’s never been a more exciting time to be in global trade. While the headlines continue to be dominated by geopolitical challenges, positive forces are setting the scene for a promising 2019 and beyond. Over the last 12 months, the gap between growth in trade volumes and values has decreased; and for the first time...
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Trade Finance
Room for Manoeuvre – Optimising Working Capital with Receivables Finance
With an eye on working capital efficiency, Meliá Hotels’ treasury team was looking to access faster and more flexible liquidity as a means of speeding up the cash conversion cycle. After careful consideration, treasury decided to implement a receivables finance programme with HSBC that would respond to the company’s current and future needs. Since then,...
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Trade Finance
Beefing Up Open Account Trade with Blockchain Technology
Moving and marketing in excess of 100,000 tonnes of meat products annually throughout the world, GPS Food Group was keen to find an innovative way to make its open account trade transactions faster, safer and more competitive. The company recently participated in a successful pilot of the we.trade blockchain platform, a collaboration between HSBC and...
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Treasury Strategy & Transformation
How a Macroeconomic Watershed is Leading to Microeconomic Opportunities
The world economy is arguably at a historical watershed. Think of an accelerated industrial revolution, rapidly developing new technology and a big shift in economic power from West to East. These trends are widely accepted, although their magnitude and speed may not be. Naturally, governments and corporates are redirecting their policies and strategies accordingly –...
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Treasury Strategy & Transformation
Preparing Treasury for the Future: Key Takeaways from EuroFinance Geneva
No-one wants to re-live every moment of a conference (especially not the after party). So, here is TMI’s take on the top themes coming out of this year’s EuroFinance International Cash Management conference, held in Geneva from 26-28 September, without the blow-by-blow account. Reflecting on an insightful few days in Geneva, it’s clear how much...
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CSR & ESG
Building a Sustainable Treasury Function: Time for Action
As the sustainability conversation gains in popularity across the globe, every part of a corporation – including treasury – is now expected to contribute to and help advance the organisation’s overall environmental, social and governance (ESG) strategy.  Moreover, as sustainable financing becomes increasingly available, treasury departments are finding that they have a bigger part to...
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Cash & Liquidity Management
OceanaGold: Future-Proofing Growth
At HSBC, we partner with our clients across industries and markets, with an extensive on-the ground network of senior bankers with an in-depth understanding of their sectors. The following is a client example of our partnership in the Natural Resources, Utilities and Chemicals sector. As a global business that is growing quickly, multinational gold producer OceanaGold needs a scalable, flexible,...
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Cash & Liquidity Management
Vive la Révolution: Shaking Up Payments and Cash Management
Driven by technological and regulatory change, the payments landscape is currently a hotbed of innovation. Deborah Mur, Head of Global Liquidity and Cash Management, HSBC France, highlights some of the latest developments – including a recent collaboration between HSBC and PayPal – and explains how corporate treasurers stand to benefit. She also outlines French corporates’...
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Country & Regional Focus
Digital Innovation in India: The Road Ahead
India is rapidly becoming a digitally-empowered society and economy, opening up new growth and efficiency opportunities for corporates along the way. Successfully embracing digital innovation is both a science and an art, however, as four industry experts explained during a lively panel debate at HSBC’s recent Global Liquidity and Cash Management Digital Innovation and Transformation...
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Country & Regional Focus
Digital India: A New Dawn for Treasury Management
As well as being technical experts and strategic business partners, today’s treasurers must also keep up to speed with digital innovation. This means not only understanding the role of digitisation in building a next-generation treasury function, but also recognising the importance of digital disruption in helping the wider business to grow and prosper. With so...
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Treasury Strategy & Transformation
On the Brink of a Cashless Society?
The environment in Hangzhou, China today is similar to many other cities around the world: building sites become shiny new shops, offices and apartments; new infrastructure moves people faster than ever, and a vibrant community of people work, study and spend their leisure time. But in one important respect, Hangzhou is quite different.  A blueprint...
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Risk Management
Financial Crime Compliance: A Growing Challenge for Corporates
Financial crime incorporates many types of activity, including fraud, bribery and corruption, insider dealing, terrorist financing and money laundering. Tackling these illicit activities is a major concern for regulators, and is reflected in new legislation like the EU Fourth Anti-Money Laundering Directive. The focus on financial crime has also resulted in banks – and, increasingly,...
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Cash & Liquidity Management
Liquidity Management: is Europe the new Asia?
For many treasurers, Europe has historically been a benign environment for liquidity management. In contrast with regions such as Asia or Latin America, consistent regulation and unrestricted movement of funds has made for comparatively straightforward liquidity management. However, a variety of recent and forthcoming changes, including Brexit, bank ring fencing and the second Payment Services...
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Cash & Liquidity Management
Global Liquidity: Faster, Deeper, Greater
Liquidity management is undergoing a period of major change. Liquidity is (re)circulating more quickly, major opportunities are emerging in ‘big data’ analysis and the global economy looks set to push liquidity levels higher. Nick Powell, Global Head of Commercialisation and Ray Suvrodeep, Global Head of Deposit and Investments Product Management, Global Liquidity and Cash Management...
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Cash & Liquidity Management
Digital Innovation in Cash Management 2018
Recognised as one of the most powerful women in banking, Diane S Reyes, HSBC’s Head of Global Liquidity & Cash Management talks to Helen Sanders, Editor, about the impact and potential of digitisation in cash management. What would you say the distinctive characteristics of digitisation in cash management are today compared with a year or...
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Cash & Liquidity Management
2017 Awards for Innovation and Excellence – Introducing the Winners
Every year in the TMI Awards has marked a step change in the number and quality of award nominations, and 2017 was no exception, with some well-known banks and technology vendors, but some less familiar names too. This year Citi and HSBC won a clutch of awards in the bank categories. Citi was recognised for...
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Cash & Liquidity Management
2017 Corporate Recognition Awards: Harnessing Innovation to Enhance Treasury Performance
The end of 2017 marks a bittersweet time for me. These are my final Awards as Editor of TMI, but looking back over the past 12 years since I started with TMI, the Corporate Recognition awards have grown from a handful of awards in 2006 as a supplement to the bank and technology awards, to...
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Treasury Strategy & Transformation
AkzoNobel: A Journey with HSBC – Building a Strong Partnership
Treasury Transformation: Delivering Value Our journey with AkzoNobel started in 2007, when they embarked on a treasury transformation project called ‘One Finance’, with the intention of achieving a number of key objectives for their finance function: To operate and be benchmarked as ‘best in-class’ level versus our peer group To provide comprehensive support to their...
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Treasury Strategy & Transformation
Consumer Brands and Retail Sector Receivables in the US: A Mixed and Changing Landscape
Consumer Brands and Retail (CBR) receivables management in the US currently presents some very diverse narratives. On the one hand, a substantial percentage of B2B receivables are now electronic and can therefore potentially be automatically reconciled. On the other, an appreciable number of B2B customers still use a mixture of cheques and cards for their...
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Cash & Liquidity Management
Optimising Cash and Liquidity Management with Virtual Accounts
As corporates have become increasingly international, their liquidity and risk management challenges have become more complex. As a result, the role of a corporate treasurer is becoming increasingly strategic, with treasurers now having a far wider range of responsibilities than in the past. In a demanding and shifting business environment, treasurers are therefore looking for...
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