Commercial cards have become so much more than a piece of plastic and 16-digit number that completes a transaction. Not only are they an important payment tool in a treasurer’s kit, but also the cornerstone of a working capital management programme.
Latest articles from Cash Management
The transaction banking environment is complex and constantly changing, writes Michael Imeson. Much of what is happening, such as the growth in real-time payments systems, is for the greater good. But there are dangers lurking in all areas of payments – wholesale, commercial and retail – especially in cyberspace.
Christian Goerlach of Deutsche Bank discusses the challenges facing intraday liquidity management as reporting requirements are tightened and the regulatory environment continues to shift.
Instant payments seems to be a popular topic in financial circles, The Banker talks to two industry experts, Isabel Schmidt, head of institutional cash Americas and global head of market management at Deutsche Bank, and Christopher Schmitz, partner, EMEIA financial services at EY, about the future of real-time transactions.
Cyberspace is a dangerous place for banks, with the risk of payments fraud, data theft, denial-of-service attacks and other crimes high. So what are banks and the regulators doing to improve cyber security in the sector?
Cash management is growing in importance, but negative interest rates, the regulatory fallout from the financial crisis and an increasingly complex political landscape are colluding to make life difficult for transaction bankers and corporate treasurers.
The speed at which technology advances is almost impossible for regulation-laden banks to keep up with. This makes judging which technological innovations created by more nimble, pure tech companies to adopt all the more important.
European companies are taking advantage of benign conditions in the markets to prefund, sometimes driven by less accommodating banks as they struggle under higher capital requirements. And with investors searching for yield, hybrid corporate bonds are gaining in popularity. Executives from four leading European corporates share their funding strategies.
A focus on individual key strengths, both in terms of products and geographical footprint, is the driving force behind big banks’ global transaction banking business strategies as they search for a unique selling point in an increasingly competitive market.
The Dodd-Frank Act, Section 1073 is going to alter the practice of retail cross-border payments services – not just for US-based financial institutions but also for their correspondent banking relationships abroad. The deadline is near, but a practical solution to meet the requirements of the rule still seems far off. The Banker looks at some alternatives that have finally started to emerge.