Efforts to launch KYC register gather pace
Anti-money laundering rules present a considerable challenge to organizations wishing to do business. While certain processes need to be observed, large corporations and banks face the added cost – and frustration – of replicating those efforts for every relationship they have
Transaction banking: Transaction revenues stable but under pressure
Competition and low rates eroding margins; Business key to broaden banking relationships
Corporate treasurers seek alternatives to money-market funds
Corporate treasurers are diversifying away from using money-market funds (MMFs) to manage short-term liquidity in response to low rates and proposed regulatory changes that are threatening to impair the MMF industry.
Cash Management Survey 2013 reception photos
Euromoney held a reception for the winners and participants of its annual Cash Management Survey at The Royal Exchange on November 20. A selection of photographs of the award winners and the evening itself can be viewed here.
Returning confidence fails to shake treasurers' risk vigilance
With confidence increasing in the financial system, company treasurers might be forgiven for beginning to relax the tight focus they have maintained on counterparty risk in the past few years.
Stickiness of transaction banking relationships being put to test
Banks have long appreciated the stickiness of their transaction services clients, with many of the most established players in the business having relationships that date back for several decades – but this can only last so long.
Transaction banking gains allure as opportunities abound
A career in transaction banking used to be viewed as a less attractive option than moving into an investment banking role, but with investment banking falling out of favour during the financial crisis, the appeal of this career path has been somewhat tarnished.
Technology & innovation: special focus
From cloud technology to cashless payments, digital currencies to social media, mobile banking to FX robots... financial institutions worldwide are looking to lead technological advances while also trying to keep up with them. And as well as the cost of innovation, many organizations are finding much of their technology budgets focused on dealing with regulatory burdens. Here is the latest coverage from Euromoney.
Cash management: banking's gateway business
Transaction banking is entrenching its status as a leading – and profitable in its own right – business in the world of banking, helping to secure lucrative ancillary work for revenue-hungry banks.
Transaction banking revenues stable but under pressure
The third quarter performance of Deutsche Bank and Standard Chartered’s transaction banking divisions shows how stable revenues and profits can be from the business, but this resilience is being tested by pressure points, not least competition.
Banks shift technology focus from speed to experience
The rationale behind technology has evolved over the last couple of decades. Where in the 1990s investment in technology was principally about increasing the speed at which transactions could be executed, and thereby saving cost, recent enhancements have been more about improving functionality and the customer experience.
Deutsche Bank latest to join prepaid card revolution
Deutsche Bank has become the latest global bank to enter the fast-growing market for prepaid corporate cards, which was estimated to be worth close to $80 billion in the US alone last year.
Increased efficiency can make up for capital scarcity
With capital hard to come by via traditional loan channels, corporates are having to find new ways to meet their needs. The most successful companies might be those that use capital most efficiently, in terms of convincing banks to lend to them and in getting the most from available resources.
HSBC maintains top spot in Euromoney's 13th annual Cash Management Survey
18% year-on-year rise in responses pushes total response rate to all-time high
Cash management survey 2013: Doubles all round for HSBC
HSBC held off the challenge of Citi to hold on to top spot for both corporates and financial institutions in our 2013 rankings. Find out what almost 24,000 voters thought of cash managers in more than 50 countries.
Cash management in Brazil: Local knowledge bears fruit
Local banks like to see themselves as uniquely suited to offering cash management services to Brazilian companies. But the global banks are also getting up to speed on idiosyncratic client requirements and local regulation.
Cash management: A revolution in cash for China
Demand for sophisticated cash management services in China is rising as the authorities press for greater business efficiency at home and Chinese corporates expand their foreign operations. Renminbi liberalization is another driver.
Transaction banks buckle down to Basle III
The more exacting capital requirements of Basle III are prompting cash management banks to fine-tune their offerings.
Cash management: Cash sizzles at Sibos
Sibos in Dubai was abuzz with a new spirit of confidence and collaboration among banks, but beneath the surface the battle to secure existing clients by doing more with them and to attract new ones is intensifying.
Growth through transaction banking
A new report from management consultant Boston Consulting Group (BCG) says payments and transaction banking businesses represent a critical area to the global banking industry and offer a ‘key lever for improving return on equity’.
Big plans in Little China: Luxembourg steals a march in the race to become Europe's renminbi centre
Forget about the Belgian dentists and German doctors of old. Today, Luxembourg’s streets are filling with Chinese bankers. They see the Grand Duchy as a hub for their European operations – not least for trading and settlement of the renminbi. Are London, Frankfurt and Paris in danger of being left behind?
Cash management: Banks embrace new correspondent-banking model
Partnerships can enable global reach; Clients helping to drive this development
Trade finance’s paperless modernization gathers pace... slowly
Trade finance is renowned for its quaint reliance on paper documentation and relative lack of technological sophistication, but despite the pressure on IT budgets, the business is modernizing, albeit slowly
The 2013 guide to Liquidity Management
Published in conjunction with: ABN Amro • BNP Paribas • Citi • RBS • Standard Chartered Bank
Sibos: It's banking Jim, but not as we know it
Amid all the debate on regulation, innovation, partnerships and big data at the Sibos conference this week, transaction services bankers are also engaging in something their investment banking colleagues once monopolized – optimism.
Middle East debate: Gulf dynamism drives regional transaction banking
Euromoney speaks to providers and users of transaction banking in the Gulf region about the market’s growing importance and the localization of expertise.
Sibos guide 2013
35th annual Sibos event; transaction banking convergence; Bitcoin; EU card-fee cap backlash; Sepa looms; Middle East cash management
EC's money-market reforms to trigger seismic shift
The European Commission’s onerous clampdown on money-market reforms will likely ‘kill off’ constant net-asset value funds and potentially encourage investors and corporate treasurers to place excess cash in bank deposits instead, say analysts.
Sepa: special focus
The Single Euro Payments Area (Sepa) aims to make cash transfers between European countries fast, cheap and simple – but the migration process has proved slow, expensive and complex.
The 2013 guide to Technology in Treasury Management
International Cash Management Review - Cashing in on cash efficiency - UniCredit case study: Carl Zeiss - Preparing for SEPA: Payment Systems Review - Technology Review - Financial Supply Chain Review - Banks’ strategies and contacts