OpenTreasury

Pushpendra Mehta meets with Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: 2023 predictions: Citi predicts weakest annual global economic growth in forty years Cybersecurity budgets of enterprises set to increase an average of only 11% over the next 24-36 months, S-RM cyber report shows Euro Banking Association (EBA) publishes report on use of real-time data in corporate liquidity management Marqeta integrates with Mastercard’s Track Instant Pay, a virtual card solution to streamline supplier invoices Nigeria restricts ATM cash withdrawals to push use of its central bank digital currency (CBDC), eNaira Interview (Part 2): Jennifer B. Lassiter, Executive Director of the Digital Dollar Project (DDP) Goldman Sachs plans to spend millions on cryptocurrency-related investments after FTX’s collapse Bitcoin could plunge about 70% to US$5,000 in 2023, according to Standard Chartered

Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: China seen as behind gold buying spree                       CFOs remain optimistic about cash and liquidity per Bottomline survey results J.P. Morgan and Kyriba unveil a brand-new real-time treasury solution Wells Fargo unveils Vantage, a persona and AI-driven digital banking platform Indonesian central bank unveils plans for its digital currency based on blockchain technology Interview (Part 2): Jennifer B. Lassiter, Executive Director of the Digital Dollar Project (DDP) BlockFi, a cryptocurrency lender, declares Chapter 11

Craig Jeffery, Managing Partner of Strategic Treasurer, meets with Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Starling Bank blocking incoming and outgoing transactions to crypto exchanges as crypto bans expand across UK banks GlobeTopper and Knox Wire announcing a US $50 million global payment partnership Ongoing data from the UK ICO revealing that the finance sector is one of the top offenders for data breaches UK firms holding double the stock amid inventory crisis and rising inflation Morgan Stanley’s investment group launching a US $1 billion environment-focused private equity plan

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 Chinese regulators asking banks to report on liquidity after sudden bond slump, Binance and other crypto exchanges publishing proof-of-reserves to restore faith in the crypto industry, Payments 20 publishing a new report calling for collaborative action to improve accessibility of cross-border payments, and Finzly launching a cash and treasury management super app. China to check banks’ liquidity after bonds slump Binance investigates a proof-of-reserves certificate to restore the crypto financial meltdown Report calls for industry collaboration on cross-border payment synchronization Finzly launches a treasury management super app

Working Capital Management is usually one of the top three focus areas for treasury in any given year. This fluctuates based on a number of factors. In this podcast, host Craig Jeffery talks with Mike Hewitt, CEO of Adaugeo Media and host of the Working Capital Summit, about the event and how working capital and SCF are areas that treasury professionals are keen to discuss.   Go to https://www.workingcapitalforumeurope.com/ for more information about the event on 01-December 2022 and to register.

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’