Cash

With an extremely favourable climate and ample available land, the GCC countries are well placed to benefit from a global rise in solar power. Rachel Goult, director at S&P Global Ratings, considers the GCC’s efforts to become a large producer of solar energy – and how new capital market involvement and green Islamic finance initiatives could help support the growing industry …

  With technology leading the way towards all innovation, it’s imperative for product managers to think differently while zeroing on any development or buying a new technology. Product lead technology changes often fall on their face if they do not identify the purpose, the scalability and understanding of customer benefits. Technology is (almost) everything Technology changes the way banks compete …

Banks: the engine room driving digital change The rise of financial technology or “fintech” companies has sparked unprecedented levels of digital innovation, resulting in huge change, especially in the retail transaction space. While developments have been less prominent in the corporate sector – and particularly elusive in the trade finance sphere – that is set to change. BNY Mellon’s Anthony …

 ‘eExchange’ offers 24/7 remittance service at attractive exchange rates; complements Dubai’s drive to become ‘smart’ city UAE, October 20, 2015 – Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the launch of online money transfer portal – ‘eExchange.’ The web-based solution uses a highly secured gateway to enable customers to transfer money online at …

One of the greatest duelling pairs in the history of crime fiction were the cerebral detective Sherlock Holmes and his nemesis Professor Moriarty. And, in spirit as it were, they might be living on in the digital age as Good and Bad clash for supremacy in the field of cybercrime in the financial services sector. What guards and tripwires can …

The financial challenges that the ‘great recession’ imposed on many organisations pushed treasury teams to the front and centre of corporate enterprise risk management (ERM) initiatives. BOB STARK of Kyriba looks at their aftermath tasks. While the biggest mandate for treasury post-2008 has been to deliver strategic value for the organisation as a whole, the need to establish controls and …

DONYA ROSE – chief operating officer UK and Ireland, global transaction banking, Deutsche Bank, explores the concept of Big Data, and how it will be put to use in coming years ” Big Data” – we have all heard the term, but the definition is somewhat nebulous. In truth, this is a decades-old term that has undergone a shift in …

Cash management and transaction banking will go under the microscope at this year’s Sibos and, says PAUL MELLY, this may leave some MENA banks questioning their operations Few industries have been so impacted by the advent of online technology as cash management and transaction banking – and the pace of change shows little sign of slacking off. This year’s Sibos …

Open account trade has been growing in GCC markets during the past few years. As a result, some of the more sophisticated companies have started to move to non-recourse receivables finance programmes and benefit from best working capital practices prevalent in more developed regions in the world. This trend is expected to continue and even accelerate as a result of …

CHRIS DARK, president, international, C2FO, looks at a finance problem that has now attracted the attention of politicians Economies currently suffer from the paradox of having too much liquidity in certain areas, while having too little in others. Banks, awash with cash, are reluctant to accept deposits; larger corporations are stockpiling cash but running out of options of where to …

Managing both cash management and trade finance as a seamlessly integrated transaction banking proposition is one of the secrets of ADIB’s success, Maki Vekinis, the bank’s head of global transaction services, tells Cash&Trade in an exclusive interview Would you elaborate on ADIB’s overall GTS strategy and explain the importance of ADIB’s cash and trade business, both locally and internationally. At …

JENS MIKOLAJCZAK – co-head of corporate cash management, EMEA, Deutsche Bank – discusses why SEPA matters for non-European corporates, and why 2015 is the year to consider its wider benefits On August 1 2014, the deadline for implementing obligatory Single Euro Payments Area changes passed for the 32 countries in the SEPA-zone. The culmination of a concept that began with …

In an unpredictable economic climate it is vital that treasury teams are prepared for every eventuality. PAUL MELLY reveals how that is certainly the case with Saudi Telecom Even seven years after the 2007/8 financial crisis, the effects can still be felt, says Saudi Telecom’s Noman Ansari. The markets are unsettled and it seems that every day brings new developments; …

Although treasury teams view themselves as broadening their strategic contribution, their core focus still remains on tasks such as cash management, cash forecasting and compliance. That was one of the principal findings in a survey that looked at the roles carried out by these key professionals Treasury teams are playing a broader role, and are contributing to a wide range …

Financial institutions in the transaction banking and payments field need to differentiate themselves and raise their game to stay ahead, says a new report on international banking Payments and transaction-banking businesses continue to represent vital elements of the industry itself and the global financial-services landscape. The importance of these businesses both as critical sources of stable revenues and as the …

Inter-regional trade between the Middle East and Latin America has experienced dramatic growth over the past decade. Whilst volumes are still relatively small in comparison to trade flows with their respective main trading partners, the trajectory is clear and brings a multitude of business opportunities. BANA AKKAD AZHARI and DINO SANI, BNY Mellon treasury services’ heads of relationship management for …