3 ways to make treasury a strategic powerhouse
Corporate finance departments no longer operate separately from the rest of the company – increasingly, treasurer’s roles intertwine with the planning, analysis and strategy strands of the business.
Headline News
Commerzbank to pay $1.45 billion fine for breaking US sanctions
Germany’s Commerzbank has admitted illegal conduct and agreed to settle criminal charges in the United States by paying $1.45 billion.
IBM weighs up money-saving move to bitcoin
Tech multinational IBM is exploring ways to implement the blockchain technology that drives bitcoin in order to build a digital cash and payment currency.
Technology & Products
3 ways to make treasury a strategic powerhouse
Corporate finance departments no longer operate separately from the rest of the company – increasingly, treasurer’s roles intertwine with the planning, analysis and strategy strands of the business.
IBM weighs up money-saving move to bitcoin
Tech multinational IBM is exploring ways to implement the blockchain technology that drives bitcoin in order to build a digital cash and payment currency.
Bitcoin has a future in international banking, says SWIFT panel
It seems the correspondent banking sector is excited about the potential of Bitcoin to speed up and simply international transactions.
Regulation & Compliance
Commerzbank to pay $1.45 billion fine for breaking US sanctions
Germany’s Commerzbank has admitted illegal conduct and agreed to settle criminal charges in the United States by paying $1.45 billion.
Cost-cutting opens doors to cybercrime
Pressure to close bank branches and digitise all functions means that major financial institutions are putting customer data at risk in order to save money.
Financial crime regulation is hitting the wrong people hardest, says David Craig
Robust compliance rules are a must to curb money laundering, but overzealous regulation is making it hard for above-board companies to open or switch accounts.
Deals & Markets
RBS plans scale down of overseas investment banking
Royal Bank of Scotland will pull its corporate and institutional banking operations out of 25 countries in central and eastern Europe, the ... read more
Asia’s banks on data science recruitment drive
Banks and financial firms in Asia are stepping up the search for data scientists to help meet customer demand for more flexible banking and payment services.
China clamps down on banking security
The Chinese government is pressuring the country’s banks to buy what it calls “secure and controllable” IT equipment – but will it push foreign companies out?
Career Moves
Ex-Wall Street banker named CEO of new bitcoin trade settlement firm
Veteran trader Blythe Masters, the original creator of credit default swaps, is to take the reins at fledgling company Digital Assets.
Ex-FCA regulator Adamson to join Prudential
Industry whispers suggest that Clive Adamson, who left the Financial Conduct Authority (FCA) late last year, is to join finance and insurance services giant Prudential.
Sage announces two senior hires
Former TSYS executive Paul Bridgewater has been named the new CEO of Sage Payment Solutions and Jim Emerick as executive vice president of customer service for Sage North America.
Insights & Interviews
Implementing a proactive bank asset-liability management framework: the concept of “Strategic ALM”
Changes to the industry since the crash mean that a revamped ALM industry is more and more necessary - and the biggest shift will see treasurers move from a reactive to a proactive approach, says Professor Moorad Choudhry.
Are cheques heading for extinction?
As cheque usage in Australia falls by 14% in one year, some commentators are asking whether the country will join others around the world that are looking at phasing out their usage altogether.
Treasury is now about value creation, not profit
Strategy and organisational functions are now as important to corporate treasuries as process and technology.
Events
TreasuryXpress announced as FIA 2015 headline sponsor
TreasuryXpress, the pioneering TMS Software-as-a-Service provider, has been confirmed as a headline sponsor of the 2015 FinTech Innovation Awards.
SABB named Best Cash Management Provider for seventh year in a row
The Saudi British Bank is celebrating its seventh consecutive win after being selected as Best Cash Management Provider in Saudi Arabia by Euromoney.
Epiphyte and Matchmove triumph in global fintech competition
Virtual currency processor Epiphyte and virtual credit cards company Matchmove have been named the winners of the Innotribe Startup Challenge, one of the best known fintech startup competitions in the world.
More News
Alternative lending is now a trillion dollar industry
A flurry of investment in lending to tech startups and a handful of mammoth IPOs have taken the value of the alternative lending sector up to $1 trillion.
Deferred litigation costs boost Deutsche Bank results
Germany’s biggest bank has deferred significant legal costs into 2015, unexpectedly boosting fourth quarter 2014 results.
Merry Christmas – we’re back in January!
Treasury Insider will be back in full swing on Monday 5th January, but for the next two weeks we’re turning our attention to mince pies and honing our Christmas wish lists. We hope you’ve had a fantastic year and we look forward to catching up in 2015!
