OpenTreasury

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Paul Galloway, Senior Advisor at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Ground-breaking SWIFT innovation paves way for global use of CBDCs and tokenised assets European SMEs considering real-time payment capabilities over the next year HSBC mulls selling Canadian operations Amid looming recession, the World Trade Organization (WTO) cuts 2023 global trade forecast Dollar's gains spell earnings pain for US companies World currency reserves falling rapidly Following US calls to limit China’s access to semiconductor technology, Chinese chip stocks tumble

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Bank of America’s CashPro® modernising its sign-in experience with biometrics DBS partnering with FinLync to accelerate digitalisation of corporate treasury functions HSBC embeds banking services into Oracle NetSuite Accounts Payable Automation World is edging into a recession, warns WTO chief EQT acquires Billtrust, a company automating the invoice-to-cash process, for US$1.7 billion Société Générale to broaden its offering for retail and online merchants after acquiring majority stake in PayXpert BNY Mellon adds new ESG ratings to securities lending India fast-tracking projects under a U$1.2 trillion mega initiative to strengthen economic challenge to China

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the US Federal Reserve (Fed) launching the FedPayments Insights Service to help financial institutions track ACH payment trends, the UK raising its interest rate (but less than the Fed), the Eurozone outlook darkening according to Deutsche Bank forecasts, and Nomentia partnering with SEB to provide integrations and bank connectivity. US Federal Reserve debuts the FedPayments Insights Service for ACH tracking efficiencies (21-Sep)  UK holds off following Fed with a 0.5% interest rate hike (22-Sep)  Deutsche Bank predicts deeper eurozone recession in 2023 (22-Sep) Japan officials intervene to support the yen, first time since 1998 (23-Sep) Nomentia partners with SEB for bank connectivity as P27 nears (27-Sep)

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Norwegian central bank harnessing Ethereum’s infrastructure for national digital currency World Bank sees rising risk of global recession in 2023 amid rate hikes US and EU stepping up pressure on Turkey over Russia sanctions Bank of America payments and spending data shows continued small business resiliency Survey findings show fraud is becoming increasingly more prevalent  EU’s plan for handling supply chain breakdowns criticised for overreaching   Kyriba launches AI-based cash management tool

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to discuss key insights from the ESG investing article published on CTMfile. Read the article here

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: The United Kingdom enters mourning for Queen Elizabeth II, delaying interest rate meetings Australia hikes rates for a fifth month Hedge funds “bet US$37 billion against Italian debt” Emerging markets worried as China’s yuan weakens Recession now expected for Germany in 2023 JP Morgan evaluates shifting its operations from Germany to London due to blackout concerns UK businesses to receive provisional energy relief, but concerns about zero-carbon persist

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Hong Kong’s key borrowing rate surging to highest level since 2008 Deutsche Bank offering loans to combat energy crisis Spiralling gas prices threatening to trigger European recession Barclays selling remaining shares in South African lender Absa Standard Chartered focusing on Singapore’s retail segment, rolling out digital-only bank Banco Santander partnering with Trovata US companies expecting to spend more to drive productivity despite inflation US government restricting chip exports to China and Russia, sending semiconductor stocks tumbling

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: The US and China ending a dispute that threatened to boot Chinese companies from US stock exchanges Euro slumping to two-decade low The US Federal Reserve (Fed) indicating and sticking to rate-hiking message The UK National grid wargaming for winter disaster on energy supplies Shell CEO issuing dire warning as Europe faces ‘really tough’ winter Growing exodus of Hong Kong residents shrinks the city’s workforce

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Russia offering SCO countries connection to its version of SWIFT Multinational companies developing contingency plans in the event of a US-China military conflict UBS investing in BigPanda, an American AI company Lending rates lowered again in China BlackRock warning Wall Street watchdog that new ESG rules could harm investors Drought hurting China’s economy The Rhine shrinking, adding to Germany’s ongoing economic woes

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include India swapping the dollar for Asian currencies to pay for Russian trade; China’s economy slowing, prompting unexpected interest rate cuts; Citi announcing new sustainability-linked time deposit solution; Iran placing its first ever import order using cryptocurrency; and the growing threat of deepfake technology to an organization’s finances, brand and executive reputation. India foregoes the US dollar in trades with Russia China's economy takes a downturn due to pandemic outbreaks and fragile property market Citi introduces a deposit solution based on sustainability Iran places its first cryptocurrency import order Deepfake technology poses security and reputational risks for CEOs, CFOs and treasurers