OpenTreasury

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the ECB confirming July rate hike plans and ending its bond-buying programme, Australia’s central bank raising interest rates by the most in 22 years, Russia’s Rostec announcing an alternative to SWIFT, US lawmakers unveiling sweeping crypto legislation, Apple foraying into the BNPL space, Nacha offering small volume ACH users an account verification option, and the growing menace of ransomware and resulting increases in cybercrime insurance claims. Article links: ECB stops bond purchases and plans rate hikes Reserve Bank of Australia hikes interest rate again Russia’s Rostec “has devised SWIFT alternative” US regulatory overhaul proposed for crypto Apple bypasses banks to provide BNPL loans directly New Nacha partnerships to enhance validation features for small volume ACH users Cybercrime insurance claims rise as ransomware proliferates  

Pushpendra Mehta and Craig Jeffery, Managing Partner of Strategic Treasurer discuss the idea that inefficiency and inaccuracy are the natural outcome of manual processes. Tools, including systems, software, techniques, models and methods, are consequential for an effective process-based management. Read the article: Leading practices part 11: Process mindset

Pushpendra Mehta meets with Anthony Carfang, Managing Director of The Carfang Group, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the EU broadening its sanctions against Russia to halt Eurobonds servicing, the US Federal Reserve embarking on quantitative tightening, Japan adopting a landmark stablecoin bill for investor protection, and the US Treasury giving a nod to AI innovation against money laundering. Widening sanctions disrupt Russia’s Eurobond servicing Quantitative tightening era underway in US Japan passed the Stablecoin Act to protect investors US Treasury to drive AI Innovation to combat money laundering

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include multiple areas: China’s reopening to ease supply chain woes, globalization and complex supply chain challenges, Germany confirming cryptocurrencies to remain tax free if held for more than a year, the ECB warning that crypto markets show signs of an emerging financial stability risk, Citigroup weighing a deal to buy Deutsche Bank’s Mexican bank, the US Federal Reserve delaying ISO 20022 implementation until 2025, Deutsche Bank collaborating with FinLync to provide instant access to real-time treasury for corporates, Ripple considering IPO after SEC suit wraps up, and Bank of England advocating for banks to take climate action immediately or face slashed profits. Article links: Supply chain hopes as Shanghai reopens Deglobalization or evolving globalization? Corporations’ conundrum Germany, Europe's largest economy, to facilitate easier crypto investments ECB cautions that crypto markets may pose risks to overall economic stability Citi “mulls Deutsche Bank Mexico purchase” Fed puts back ISO 20022 implementation for Fedwire to 2025 Road to automated, real-time treasury for corporates via Deutsche Bank and FinLync Ripple CEO says IPO again under consideration Bank of England urges banks to take action on climate change now or face slumps in earnings

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the tenth topic and eleventh article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover compliance. Read the article here: Leading practices part 10: Compliance

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the EU tabling a €300bn plan to stop using Russian gas, UniCredit and Commerzbank abandoning merger talks due to the Ukraine war, South Africa looking at introducing digital rand, Commonwealth Bank of Australia pausing crypto trading amid regulatory uncertainty, and Mastercard launching its Biometric Checkout Program that allows customers to pay by smiling or waving their hands at checkout.   Article links: EU produces €300bn plan to escape Russian gas Ukraine invasion “derailed UniCredit-Commerzbank tie-up” South Africa warming to digital rand Commonwealth Bank of Australia puts crypto trading process on hold while regulators hesitate Smile at checkout! Mastercard launches biometric facial recognition to retailers

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the Bank of Canada turning to interest rate guidance to battle inflation, McDonald’s leaving Russia altogether, Citi, BNY Mellon and Wells Fargo investing in crypto firm Talos, the de-pegging of stablecoin TerraUSD (UST) sparking contagion fears, U.S. Bank teaming up with LiquidX to speed up supply chain financing, the AFP expanding to the Middle East and Africa, and Kyriba and Strategic Treasurer working together to produce the 2022 Non-Banking Financial Institutions (NBFI) Survey Report. Bank of Canada looks to interest rate guidance to combat inflation https://ctmfile.com/story/interest-rate-guidance-to-combat-inflation-industry-roundup-11-may McDonald's makes its Russia exit permanent https://ctmfile.com/story/mcdonalds-makes-its-russia-exit-final-industry-roundup-seventeenth-may Citi, BNY Mellon, Wells Fargo to jointly invest US $105M in digital asset infrastructure Talos amid volatility https://ctmfile.com/story/these-three-banks-jointly-invest-us-105m-in-digital-asset-infrastructure-industry-roundup-13-may Stablecoin TerraUSD’s de-pegging sparks alarm https://ctmfile.com/story/terrausds-fall-shakes-confidence-in-stablecoins-industry-roundup-1twelfth-may Working capital solution to simplify and accelerate supply chain financing via US Bank and LiquidX alliance https://ctmfile.com/story/these-three-banks-jointly-invest-us-105m-in-digital-asset-infrastructure-industry-roundup-13-may AFP expands to the Middle East and Africa https://ctmfile.com/story/terrausds-fall-shakes-confidence-in-stablecoins-industry-roundup-1twelfth-may Survey shows NBFIs’ top three focus areas: security, compliance and efficiency https://ctmfile.com/story/survey-shows-nbfis-top-three-focus-areas-security-compliance-and-efficiency

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the ninth topic and tenth article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover the topic, “cash forecasting.” Leading practices part 9: Cash forecasting: https://ctmfile.com/story/important-considerations-for-cash-forecasting-leading-practices-part-9

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include global central banks ramping up inflation fight, the dollar riding high despite inflation, GTreasury collaborating with Moody’s Analytics, banks gearing up to test real-time payments across borders, and insider risk and human error posing a huge security threat to organizations. 1:12 - Central banks lower curtain on era of minimal interest rates https://ctmfile.com/story/central-banks-lower-curtain-on-era-of-minimal-interest-rates 2:41 - US dollar rides high despite inflation spike https://ctmfile.com/story/us-dollar-rides-high-despite-inflation-spike-industry-roundup-tenth-may 7:00 - GTreasury pairs with Moody’s Analytics https://ctmfile.com/story/us-dollar-rides-high-despite-inflation-spike-industry-roundup-tenth-may 9:34 - Banks preparing to test real-time cross-border payments https://ctmfile.com/story/rise-in-suspicious-crypto-activity-industry-roundup-4-may-2022 11:42 - Insider risk and human error pose grave security threat to organizations https://ctmfile.com/story/insider-risk-and-human-error-pose-grave-security-threat-to-organizations

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include Australia’s central bank hiking interest rates, Deutsche Bank forecasting a major US recession, Visa prioritizing cybersecurity, Central Bank of the Philippines testing wholesale CBDC, Goldman Sachs issuing first bitcoin-backed loan, Kyriba announcing the launch of a new API connector with ICD, Apple facing antitrust charges in the EU, SWIFT expelling more Russian banks, and Russian sanctions potentially leading to splintering of the global financial order. 1:20 - Australia lifts interest rate https://ctmfile.com/story/citi-ceo-foresees-global-schism-industry-roundup-third-may 2:08 - “Deep recession”, Deutsche Bank’s new forecast http https://ctmfile.com/story/industry-roundup-29-april-2022 3:19 - Visa prioritizes cybersecurity due to digital security concerns http https://ctmfile.com/story/industry-roundup-29-april-2022 6:43 - Central Bank of the Philippines to test wholesale CBDC http https://ctmfile.com/story/industry-roundup-29-april-2022 8:02 - Goldman Sachs issues first bitcoin-backed loan https://ctmfile.com/story/citi-ceo-foresees-global-schism-industry-roundup-third-may 9:02 - Optimizing cash and liquidity management through a self-service API via Kyriba and ICD http https://ctmfile.com/story/industry-roundup-29-april-2022 11:23 - Apple responsible for violating EU antitrust laws regarding its payment technology https https://ctmfile.com/story/apple-charged-with-violating-eu-antitrust-laws-industry-roundup-2-may 13:06 - EU indicates SWIFT to expel more Russian banks https://ctmfile.com https://ctmfile.com/story/citi-ceo-foresees-global-schism-industry-roundup-third-may 15:04 - Russia sanctions could splinter global financial order, says Citi CEO https://ctmfile.com/story/citi-ceo-foresees-global-schism-industry-roundup-third-may