12 May 2021

Banking Circle Joins P27 Initiative as a Front-Runner Bank to Support Consolidation of Currently Fragmented Nordics Payments Ecosystem

London – Banking Circle has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining...
12 May 2021

Payment Industry Report Calls for Collaboration to Combat the Problem

Payments 20 (P20) is calling on the industry to work together to combat payee scams which have increased exponentially since the start of the Covid-19 pandemic in 2020. P20 is an advocacy group established to focus on...
11 May 2021

SWIFT and Accenture Publish Joint Paper on Central Bank Digital Currencies in Cross-Border payments

SWIFT and Accenture today published a paper on central bank digital currencies (CBDCs) in cross-border payments as part of broader digital asset innovation to help the financial community prepare...
11 May 2021

ICD Growth in 2020, Q1 2021 Shows Strength in Money Market Funds

San Francisco – The average daily balance (ADB) on ICD Portal grew 30% year-over-year ending 31 December 2020, outpacing the market’s 23% increase in institutional money market fund assets tracked over the same period by the Investment...
7 May 2021

HSBC USA Introduces Green Deposits for Commercial Clients

New york – HSBC today announced the introduction of Green Deposits in the United States, giving businesses an option to put cash reserves to work to support decarbonisation and a more sustainable, resilient and prosperous future. HSBC is...
6 May 2021

StanChart Launches Integrated European Domestic Cash Management Services

By Tom Alford, Deputy Editor A full range of Standard Chartered cash management services is now available covering the UK and Eurozone countries. The expanded offering follows a major revamp of the bank’s cash...
4 May 2021

Alveo Announces New ESG Data Management Capability to Help Meet SFDR Requirements

London and Amsterdam – Alveo, a financial data management solutions provider, announces new environmental, social and governance (ESG) data management functionality. The new functionality includes an extension of...
4 May 2021

Standard Chartered Executes its First ESG-Linked Derivative

Singapore, London – Standard Chartered announced today that it has priced its first commodity hedge linked to Environmental, Social and Governance (ESG) benchmarks with Trafigura, a commodity trading client. The transaction involves...
29 April 2021

Supply Chain Finance Funds Face an Uncertain Future

London - Supply chain finance funds (SCFs) face an uncertain future following the recent suspension and liquidation of several open-end mutual SCFs with links to the failed supply-chain finance company Greensill Capital, Fitch Ratings says in...
28 April 2021

DBS, J.P. Morgan and Temasek to Establish Platform to Transform Interbank Value Movements in a New Digital Era

Singapore –  Acknowledging that the future of global payments is on the cusp of a fundamental shift, DBS, J.P. Morgan (NYSE: JPM) and Temasek today announced plans to...
27 April 2021

TRATON Migrates Trade Finance to the Cloud as Part of Corporate-Led Initiative

Toronto - Surecomp today announced that automotive multinational TRATON SE has gone live with its trade finance processing solution COR-TF in the cloud. The move came as part of a corporate-wide initiative to shift many...
27 April 2021

Deutsche Bank Provides Sustainable Trade Finance Facility to Vestas for the Supply and Installation of Wind Turbines used in two Australian Wind Farms

Deutsche Bank today announced that it will provide an ECA-backed AUD313.97 million account receivables purchase facility, with a...