News
Citi TTS Announces New Digital Asset Team Appointments
TTS is playing a key role in Citi’s transformation, the bank continues to invest in its talent to deliver leading solutions that enable both Citi and its clients to thrive in a digital world. Key to achieving this ambition, as highlighted...
Chinese Money Market Fund Market to Continue Expanding
Shanghai - China for the first time overtook Europe as the world’s second-largest money market fund (MMF) market in 2Q22, accounting for about 18% of global MMF assets, after the US (55%) and before Europe (17%), says Fitch...
Serrala Appoints New CEO to Drive Further Global Growth
Serrala, a global financial automation and B2B payments software company, has appointed senior industry leader Hartmut Wagner as its new CEO. His appointment formally takes effect from August 15, 2022. The transition comes as part of the...
Standard Chartered and ADM Successfully Execute $500m Sustainable Export Letter of Credit Programme
Standard Chartered and ADM today announced the successful execution of the Bank’s first Green Trade Export Letter of Credit (LC) programme in Singapore, London and New York. Issued under the...
J.P. Morgan Asset Management Commits $1 Million to Support Economic Opportunity for Underserved Youth and Single Mothers
J.P. Morgan Asset Management today announced a $1 million dollar commitment to support underserved students through commitments made by the Empower and Community Development...
J.P. Morgan Launches Liquidity Cross Border Sweeps in Saudi Arabia
J.P. Morgan Payments has just launched its Liquidity Cross Border Sweep product in Saudi Arabia, aimed at multinational corporate clients. This is a first for the firm, following hot on the heels of the domestic-only product launch earlier...
Tradeteq to Securitise Trade Finance Receivables on the XDC Network’s Public Blockchain
Tradeteq, a World Economic Forum member, has selected the XDC Network to launch TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens. The move is expected to...
Kyriba’s Currency Impact Report: Multinationals’ FX Impacts Surge to $24 Billion
Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least...
Working Capital of S&P 1500 Companies Returns to Pre-pandemic Range
After reaching 10-year highs in 2020, the working capital of the S&P 1500 companies returned in 2021 to levels prior to the COVID-19 outbreak, as a recovery in the global economy led to a 20 percent increase in sales...
C2FO Research Suggests More Businesses Facing New Challenges in Accessing Capital
Persistent inflation, supply chain weaknesses and concerns over the severity of interest rate hikes are pushing more business leaders to make difficult decisions to preserve the economic health of their companies,...
Finastra and HSBC collaborate to bring Banking as a Service FX capability to mid-tier banks
The move will enable banks to embed FX services directly into corporate and branch channels
Finastra and HSBC announced today that they are working together to distribute HSBC’s FX services via...
GTreasury Launches ClearConnect
GTreasury, a treasury and risk management platform provider, today announced the launch of ClearConnect. Featuring more than 80 API calls in a dozen key categories, ClearConnect offers the most robust connectivity suite available to treasury teams and the office...
