What the EU’s Instant Payments Agreement Means for Corporates
Following the EU’s provisional instant payments agreement, Laurent Descout, Founder and CEO of TMI Innovation Lab entrant Neo, takes a closer look at the legislation, exploring its implications for corporates. The European Council and European Parliament struck a provisional agreement towards the end of 2023 requiring all payment service providers (PSPs) operating in the EU […]
The Need for Speed
How Treasurers are Making the Most of Instant Payments Instant payments is a topic that receives plenty of coverage, often under the assumption that everyone wants and needs it. Is this really the case for treasurers, and if so how and where does it fit? TMI spoke to Louis-David Rouyer, Deputy Head of Payments and […]
No Looking Back: Digital Payments and Real-time Transactions for All
Real-time technologies are not intended as stand-alone tools, they require an ecosystem of complementary processes and systems to really reap their benefits. TMI seeks best practice guidance from Bank of America experts, Aziz Parvez, Head of Corporate Treasury Sales, Asia Pacific, Global Transaction Services, Sunil Bhatia, Head of Payments and Bank Transformation, Asia Pacific, Global […]
Come Together
Co-creation as a Source of Practical Innovation Treasurers are rightly wary of hype around innovation and new technologies, particularly ‘solutions looking for problems’. Co-creation between corporates and banks can help to avoid this pitfall by enabling treasurers to address real pain points with their banking partners. Pierre Fersztand, Global Head of Cash Management, Trade & […]
Using POBO and COBO to Ease Reconciliation Pain Points
Every treasurer knows the frustration that arises from receiving a payment and not knowing to which customer or supplier it relates. Challenges in reconciliation can cause cash flow and supply chain delays and potentially damage business relationships when settled invoices are chased unnecessarily. As B2B payments are rarely sent by direct bank transfer from one […]
Treasury From Home: Reducing Cybercrime and Fraud Risk
The Covid-19 pandemic has already provided rich pickings for fraudsters and cybercriminals who are becoming increasingly active and unscrupulous. The company is the first line of defence against fraud and it is vital to educate employees about what to look out for and how to avoid being duped – something that is all too easy […]
Solving Treasury Pain Points Through Co-creation
Despite huge advances in technology, treasurers are still grappling with fundamental issues in their everyday workflows. Buzzwords alone are not enough to solve challenges such as painful account opening processes or the growing risk of payments fraud. This is why BNP Paribas is co-creating with its corporate clients to leverage the latest treasury technologies to […]
Shoring up Treasury’s Cyber Defences: 9 Smart Steps
Did you know that paying a ransom to a cybercriminal, even if you do so in Bitcoin, could lead to a sanctions’ violation? That’s right, treasurers now have even more to think about – and get involved in – when it comes to cybercrime. Here, we examine the latest threats treasurers need to keep abreast […]
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 […]
Virtuals and Ledgers Unplugged: Looking Beyond the Hype
The industry has created confusion by using the term ‘virtual accounts’ to describe a wide range of products. Here we aim to demystify the terms being used to describe Virtual Account Management (VAM) or Virtual Ledgers, assess the capabilities available today and in future, and highlight the questions that every treasurer should be asking their […]
The Reality of Virtual Liquidity Management
Never ones to accept the status quo, Vanessa Manning and Paul Cuddihy, Deutsche Bank, talk to Eleanor Hill, Editor, TMI, and explain how virtual accounts can fall short of expectations, and the need for virtual ledger management (VLM) to truly transform the way treasurers manage their liquidity. Box 1: Virtual accounts: a refresher The term […]
Fighting Cybercrime and Fraud: A Treasury Imperative
As instant payments grow, digital commerce spreads, and artificial intelligence rises, staying a step ahead of the cybercriminals is increasingly tough. But with access to highly sensitive data, and as guardians of the company’s cash, treasurers can no longer hide behind the IT department when it comes to cybersecurity and fraud, writes Eleanor Hill, Editor. […]
Material Gains with Virtual Accounts
Fashion leader OTB, parent company of major brands such as Diesel, Maison Margiela, Marni, Paula Cademartori and Viktor & Rolf, is a pioneer not only in its core business, but also in cash management. In 2016, in co-operation with partner bank UniCredit, OTB implemented an innovative virtual account solution in order to gain efficiency in […]