Asia’s growth prospects still positive, says ADB – Industry roundup: 29 April
by Graham Buck
First US bank failure of 2024; Today is National Supply Chain Day; Visa and Tink bring open banking to US; Digital euro "will arrive before 2030"
Fraud Prevention
Background
Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…
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Most central banks now developing a digital currency – Industry roundup: 24 April
by Graham Buck
Hong Kong help for SMEs; Commerzbank fined €1.45m for AML breaches; Standard Chartered builds on aXess; Citi sells maple bonds
Cheques (checks) and ACH Debits remain most susceptible to payments fraud
by Pushpendra Mehta , Executive Writer, CTMfile
The vulnerability of cheques to payments fraud underscores the need for treasurers to implement adequate controls to safeguard against fraud risks.
US inflation data dashes rate cut hopes – Industry roundup: 11 April
by Graham Buck
CHIPS migrates to ISO 20022 messaging; IMF sees productivity crimping growth; Fitch's China downgrade riles Beijing; Pension fund giants partner
Taiwan quake to hit global chip supply chain – Industry roundup: 4 April
by Graham Buck
BIS launches Project Agorá; Singapore sets up AML data sharing platform; GE completes its three-way split; Growth forecast for embedded finance
Swift plans new CBDC platform by 2026 – Industry roundup: 26 March
by Graham Buck
China woos foreign investors; Boardroom reshuffle at Boeing; Bombardier raises US$750m via junk bond; More central banks shift rate policy
Hong Kong crackdown conflicts with financial hub goal – Industry roundup: 21 March
by Graham Buck
Reddit valued at US$6.4bn ahead of IPO; Malaysia expects 4-5% growth in 2024; Fed reassures on rate cuts; UK retailers get embedded finance lift
India’s economic boom echoes 2003-07, says Morgan Stanley – Industry roundup: 14 March
by Graham Buck
Japan's unions win major pay hikes; Swift to assist Bangladesh central bank; Israel plans for shekel CBDC; €240m funding for sustainability in Africa
Japan nears end of negative interest rates era – Industry roundup: 12 March
by Graham Buck
Egypt’s inflation jumps to 35.7%; India signs US$100bn free trade deal; NatWest to exit BNPL market; Inditex investors seek supply chain transparency
Nigeria hikes rates to support currency – Industry roundup: 29 February
by Graham Buck
US economy ends 2023 on a high; Deutsche updates sustainable investment guide; Verizon completes sixth green bond; Action plan on plastic pollution
EU adopts euro instant payments rules – Industry roundup: 27 February
by Graham Buck
South Korea boost for open banking; Frankfurt to host new AML authority; China "exports to US via Mexico"; BNY Mellon launches US dim sum bond service
Japan and UK economies slip into recession – Industry roundup: 15 February
by Graham Buck
Uber plans US$7bn share buyback; Delivery Hero reassures on debt; Barclays exits new oil and gas projects; Standard Chartered bullish on China
Deepfake may be the biggest payment security threat for CFOs and treasurers in 2024
by Pushpendra Mehta , Executive Writer, CTMfile
A $25 million scam, one of the largest corporate frauds using deepfake technology, poses a growing danger and serious threat for CFOs and treasurers.
US recession no longer in prospect, says Deutsche Bank – Industry roundup: 8 February
by Graham Buck
China reports deflation last month; India keeps rates on hold; Revived fortunes for two Italian banks; ADB trade aid for Cambodia
US companies ready to sever ties with organizations hit by payment fraud
by Pushpendra Mehta , Executive Writer, CTMfile
The possible domino effect of fraud: senior finance and treasury leaders in the US willing to cut ties with entities that experience payment fraud.
New US company ownership database under attack – Industry roundup: 18 January
by Graham Buck
UK to boost supply chain resilience; ECB on right track, says chief; Hacker attacks rising says JPMorgan; Commerzbank merger speculation revives
US gives the green light for 11 bitcoin ETFs – Industry roundup: 11 January
by Graham Buck
WEF's main worry is misinformation; UAE bucks slump in fintech funding; SAP pays US$222m to settle bribery charges; Revolut platform ready to roll
More corporate defaults lie ahead in 2024, warns Fitch – Industry roundup: 29 December
by Graham Buck
Investment banks "face talent crunch"; UK economy to avoid 2024 recession; Turkey's minimum wage rises 49%; Nigeria's competition watchdog fines BAT
South Korea’s semiconductor sector booms – Industry roundup: 28 December
by Graham Buck
S&P expects tough 2024 for US banks; New deputy for China's central bank; AML regulation update for Egypt's banks; Hong Kong rules for stablecoin
ING to exit upstream oil and gas sector by 2040 – Industry roundup: 21 December
by Graham Buck
Citi moves out of distressed debt; Argentina auctions peso debt; Sweden's interest rate may have peaked; Cardano Foundation partners with Petrobras
Operation Prosperity Guardian to protect Red Sea shipping – Industry roundup: 19 December
by Graham Buck
Buliish growth outlook for China and India; Germany's business sentiment worsens; Cambridge Uni could drop Barclays; HK seeks more digital green bonds
China bank-backed dollar bond sales tumble – Industry roundup: 28 November
by Graham Buck
Japan's inflation edges higher; Metro Bank rescue approved; Invest America initiative gains traction; CBA draws Australia's young tycoons
European Central Bank set to keep rates on hold – Industry roundup: 26 October
by Graham Buck
Fed wants to cut card fees; Turkey set for rate hike to 35%; StanChart, Deutsche partner on stablecoin; Pix no Mundo launches in Latin America
Argentina’s economic outlook still murky – Industry roundup: 24 October
by Graham Buck
US 10-year Treasury yield at 16-year high; Priorities for G7 Osaka summit; Nigeria sees liquidity crunch relief; Security new 'S' of ESG