News
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
