A Modern, Agile, and Efficient Machine
TMI spoke to Raphael Barisaac, UniCredit’s Global Head of Cash Management, and Massimo Ortino, Global Head of Financial Institutions Sales, about how the firm’s new strategy in transactions and payments reflects the dynamics of a changing global market. UniCredit’s new CEO Andrea Orcel, who took the helm in April 2021, has big plans to tackle […]
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 […]
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 […]
Retirement of John Laurens
Head of Global Transaction Services, DBS Bank John Laurens will be retiring from DBS at the end of 2021 after seven years of committed leadership to establish the bank’s transaction banking franchise as a global leader in digitalisation, trade, cash and securities services. John has stepped down as Group Head of Global Transaction Services, passing […]
The Future By Design
Lim Soon Chong took over as DBS’ Group Head of Global Transaction Services on 1 August replacing John Laurens, who will be retiring at the end of the year. Lim, who also continues in his role as Head of Digital for DBS’ institutional banking group, spoke to TMI about his new position, and the role […]
Brexit Driving Euro Transaction Fees Skyward: Time to Re-negotiate?
Since Brexit, banks have been charging customers to deposit euros into their euro accounts in London, forcing costs to soar. TMI asks an industry expert why this is happening and what can be done about it. Businesses have been used to paying low fees for their European banks to transfer euros to their euro accounts […]
Introducing the Winners
Banks and Vendors Take Treasury to New Heights Bank Awards Where better to start this celebration of innovation and excellence than with the Global Bank of the Year for Cash And Liquidity Management – HSBC. Throughout 2020, the bank added to its digital capabilities, with a new cash flow forecasting tool and an enhanced mobile […]
Making a Difference
Standard Chartered Continues Groundbreaking Work in Asia BEST BANK FOR CASH & LIQUIDITY MANAGEMENT Asia Pacific BEST BANK FOR TRADE & FSCM Asia Pacific As a leading player in Asia, great things are expected of Standard Chartered, yet it still has the capacity to deliver surprises, as its success in TMI Awards 2020 shows. Here’s […]
Salute the New Age
Legacy-free Transaction Banking at Goldman Sachs TECHNOLOGY & INNOVATION AWARDS New Technology Innovation Solution A consumer-grade experience is at the heart of Goldman Sachs’ first ever transaction banking platform. It’s a bold new venture, but the bank’s digital-first agenda has given it a flying start – worthy of TMI’s 2020 New Technology Innovation Solution Award. […]
E-Commerce and Strong Customer Authentication: Is Your Treasury Ready?
As corporations pivot towards digital business models to help weather the Covid-19 pandemic, regulation continues to shape the European payments industry. Treasurers must prepare for the changes that Strong Customer Authentication brings, while embracing the latest e-commerce strategies. Sara Savidge, Managing Director, and Colm O’Monacháin, Vice President, J.P. Morgan Wholesale Payments, explain the key steps […]
Born Digital: Reimagining Treasury with Goldman Sachs
After much anticipation, Goldman Sachs has entered the transaction banking arena – firing on all cylinders. Taking a digital-first approach to its cash management platform, the bank looks set to change the playing field for corporate treasurers. Eduardo Vergara, Global Head, Product and Sales for Transaction Banking and Chad Wallace, Global Head of Digital Product […]
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 […]
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 […]
Building a Network of Networks
With solutions such as we.trade revolutionising supply-chain interactions, while others, such as Project Wilson, connect correspondent banks to facilitate working capital financing, Simone Del Guerra of UniCredit discusses the shifting landscape of correspondent banking and the possibility of combining corporate-to-corporate and bank-to-bank platforms to create a network of networks. Correspondent banking is evolving. Once […]
Emerging Technologies and Their Potential to Transform Transaction Banking
With technology developments occurring at a rapid rate, Christopher Mager of BNY Mellon Treasury Services, discusses some of the key innovations that are impacting transaction banking, and how knowledge is king when it comes to harnessing new capabilities. Many forces are driving significant change in transaction banking – from regulation, to the rise of the […]
Levelling Up: The Digital Future of Transaction Banking
Treasurers the world over rely on their transaction banks to provide robust services that cater to their daily financial needs – but the space has long been seen as somewhat ‘vanilla’. Now, however, technological developments and solution-driven innovations are starting to push traditional boundaries. In this Executive Interview, Daniel Verbruggen, BNY Mellon’s Head of Relationship […]
Travelling Safely at Speed: Embracing SWIFT gpi at IATA
At its core, SWIFT gpi is all about speed, efficiency and transparency – but its success rests on support and collaboration too. Early adopters are shaping the way forward for this fundamental change to cross-border payments and co-creation is now the order of the day, as banks and corporates team up to help build a […]
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 […]
Innovation for Cash Management – Continuous Improvement Brings Greater Efficiency
Treasury departments today, in any corporation, are constantly striving to improve payment processes and procedures. By automating their payment processes to ensure timely and accurate delivery of payments is achieved, banks and their corporate clients can significantly improve the management of cash and the integrity of cash and payment reporting. Today banks and treasury departments […]
Building the New Financial Ecosystem – Collaboration and client-driven solutions powering the digital revolution
The transaction banking landscape is transforming in front of our eyes. With the field awash with new technological capabilities, Jan Kupfer and Luca Corsini, Global Co-Heads, Global Transaction Banking at UniCredit, discuss the latest trends, their likely impacts, and how the industry can draw together to maximise the benefits for all. What innovations and trends […]