OpenTreasury

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 FTX’s bankruptcy filing, Australia considering a ban on cyber ransom payments, NatWest supporting increasing demand for real-time payments, multinational corporations across industries continuing to use Citi Virtual Accounts solution to accelerate their digitisation initiatives, and the London Stock Exchange Group (LSEG) and Mizuho Financial Group, Inc. (Mizuho) joining forces to provide sustainability solutions. Investors fear fallout of potential FTX bankruptcy   Australia explores prohibiting ransom payments to cybercriminals  NatWest introduces new APIs for corporate real-time payment processing Multinational clients’ use of Citi's Institutional Virtual Accounts increases significantly, accelerating the digitization process The London Stock Exchange Group and Mizuho form an alliance to promote environmental sustainability   

Strengthening your defenses against fraud In this episode, 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 Treasury repelling cyberattack by a pro-Russian hacker group Further tightening of Australia’s cybersecurity regulations expected following recent cyberattacks US financial institutions processing nearly $1.2 billion in ransomware-related payments last year Canada driving to ISO 20022, but delaying migration The Bank of England (BoE) delivering biggest interest rate hike in 33 years BIS publishing triennial central bank survey of FX and OTC derivatives markets in 2022 JP Morgan executing first-ever cross-border transaction using decentralized finance (DeFi) on a public blockchain HSBC launching its new proprietary tokenisation platform dubbed HSBC Orion UK arm of Santander putting limit on payments to crypto exchanges

Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Australia signals further tightening, raises key rate European Central Bank increases rates faster than expected in the face of soaring inflation More large US companies link executive pay to ESG performance UST partners with TreasuryPay to optimise treasury and trade functions Kyriba launches liquidity planning, a reimagined cash flow planning and forecasting solution Mastercard diversifies payment flows and aims to compete for debit card volumes European Commission proposes mandating instant payments in euros M&A activity looks anemic heading to year-end 

Pushpendra Mehta meets with Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Rishi Sunak focused on economic stability as Britain’s next Prime Minister Prioritizing integration of ESG and cybersecurity for long-term organisational value Deutsche Bank committed to 23% reduction in Scope 3 upstream financed emissions by 2030 Smartphone apps easing real-time claim settlements in Asia Visa partnering with Thunes to expand Visa Direct’s reach to 1.5 billion digital wallets Global Processing Services advancing fraud detection capabilities through collaboration with Featurespace

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: Mastercard launches a cloud-based analytics platform JPMorgan and Visa connect their private blockchain networks for cross-border payments Citi introduces 24/7 clearing for cross-border payments all days, including holidays Thoma Bravo acquiring software firm ForgeRock in a US$2.3 billion deal BNP Paribas buying automated currency risk management firm Kantox After looting over US$3 billion, crypto hackers set for a record year Sharp jump in UK fraud cases sparks warning of ‘national security threat’

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