Issue 06 November / December 2010

HSBC Global Transaction Banking has launched its new Managed Payments Service (MPS), which allows customers to outsource key elements of payments activities, connectivity and data integration. Available initially to financial institutions and large corporate customers looking to pursue an in-house bank or payment factory strategy, the solution provides a flexible, multi-bank proposition over the SWIFT network. As treasurers look to …

When it comes to managing corporate cash, people matter most, according to a survey by the Association for Financial Professionals (AFP). Results of the third annual AFP Treasury Benchmarking Survey showed that human capital factors such as education and training of key finance personnel have a significant impact on the efficiency of treasury operations. AFP, IBM and Deutsche Bank conducted …

Dear Reader, Be more competitive: that is the message from the International Monetary Fund to the Middle East. To an extent, it’s a case of “please tell us something we don’t know”, but, in reinforcing MENA’s awareness of its own shortcoming, the IMF is also looking to the future. Whilst acknowledging that recovery is under way, in the oil-rich Gulf …