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Treasurers who believe they have no need for instant payments should ask their business colleagues what they think.
Think you deal with more currencies than anyone else? Think again.
Assumptions that China’s corporates will be the main losers in any escalating trade war with the US may be confounded if the country presents a friendlier face to Japan.
It’s time once more for the annual EuroFinance International conference to roll into another major European city. The 27th incarnation of this key industry event finds itself at the Palexpo in Geneva next week, from 26th to 28th September.
13th September 2018 – Absa, one Africa’s largest diversified financial services group, launches their UK office. Officially trading as Absa Securities UK, the move supports the group’s ambition to bring the world to Africa as the preferred corporate & investment banking partner between UK and European investors looking to do business in the continent’s growing economies.
17th September 2018 – The annual Accuity Financial Counterparty KYC Survey has revealed that 75 percent of senior compliance and correspondent banking professionals have encountered added complexity in interpreting and adhering to local legislation. As global regulators continue to introduce and enforce more stringent compliance standards in efforts to mitigate the risk of financial crime, compliance officers are under pressure to have all relevant due diligence information at their fingertips.
17th September 2018 – NatWest and G4S are working together to pilot the UK’s first intelligent cash management solution for businesses later this year. This innovative and secure cash solution enables businesses to benefit from automated account crediting of its cash transactions without having to deposit that day’s takings in their local branch.
17th September 2018 – HSBC announced today that from 30 September 2018, personal and business customers will be able to make real-time fund transfers to their friends, families and business partners using accounts with HSBC or other Faster Payment System (“FPS”) participants in Hong Kong through FPS. Merchants and corporates will also be able to enjoy real-time settlement and streamlined reconciliation by displaying a QR code to accept payments.
18th September 2018 – SIA, European hi-tech company, leader in payment infrastructures and services, has further strengthened its positioning in the Nordic countries, by providing Danmarks Nationalbank with the new real-time gross settlement system (RTGS) that connects banks, mortgage banks and settlement systems. This RTGS platform is already in operation by the central banks of Norway and Sweden and it will soon go live in Iceland too.
18th September 2018 – Nordea takes a major step by extending Open Banking to Sweden. This gives developers the possibility to begin building applications designed for both Finnish and Swedish customers. “We see open banking as a huge opportunity to create better financial solutions”, says Casper von Koskull, CEO of Nordea.