Category: Transaction Banking

GTR names BNY Mellon “Best Correspondent Bank” for the second time in a row

BNY Mellon has been officially crowned “Best Correspondent Bank” in this year’s Global Trade Review (GTR) “Leaders in Trade” awards. The award marks the second consecutive year that the bank has won the award since the category was introduced in 2017. Receiving the award on behalf of BNY Mellon at the GTR Awards ceremony last …

Continue reading

Deutsche Bank scoops five top honours at The Asset awards ceremony

On 30 April 2018, in one of the largest gatherings of CFOs, treasurers and banks, The Asset announced the winners of the most coveted Triple A Treasury, Trade, Supply Chain and Risk Management Awards in an Oscar-style ceremony at the Four Seasons Hotel, Hong Kong. Going into the event, Deutsche Bank had already amassed a …

Continue reading

CAB’s CEO talks to TXF about the future of derisking

In a recent interview with TXF, Albert Maasland, CEO at Crown Agents Bank, explores the banking market’s current approach to derisking correspondent relationships. He recognises that although the high cost of compliance continues, derisking in emerging markets has slowed, having had the desired effect of cleaning up inappropriate payments flows in recent years. He points …

Continue reading

Crown Agents Bank appoints new CTO

Crown Agents Bank has hired Richard Weald as its chief technology officer (CTO), as the bank enhances its digitisation strategy. Weald was previously global head of IT operations and information security at Earthport, a forex and cross-border payment services provider. “I look forward to outlining a long-term technology roadmap for delivering the digital processes and …

Continue reading

What makes a payables finance programme successful? Anil Walia, Deutsche Bank’s Head of Financial Supply Chain Finance, EMEA, discusses in TMI

In an increasingly competitive supply chain finance ecosystem – consisting of banks, non-banks, and a combination of the two – what makes a payables finance programme ‘successful’? And how can corporate treasurers select an effective provider? Writing in TMI, Anil Walia, Deutsche Bank’s Head of Financial Supply Chain, EMEA, suggests that corporates should base their …

Continue reading

Crown Agents Bank’s insights on African FX trends published by the Business Council for Africa (BCA)

David Bee, Head of Global Markets at Crown Agents Bank, explores the recent trends in the African foreign-exchange landscape and explains how currency volatility might be managed. The article can be viewed on the BCA website here.

Blockchain-based trade shifts up a gear: Commerzbank and Audi drive progress with the Batavia platform

Commerzbank has successfully executed its first pilot transactions for corporate clients, including Audi, with Batavia – the blockchain-based trade finance platform supported by IBM and other major banks. The transactions facilitated the export to Spain of cars from Germany and textiles from Austria. The news was covered in Global Trade Review, The Blockchain, Global Banking …

Continue reading

CAB explains why it is “sticking to its knitting” in latest TXF Q&A

Albert Maasland, CEO of Crown Agents Bank, explains what it takes to be a challenger bank that is 200 years old, and how the Bank will continue to do what it does best as it keeps digitally evolving. To read the full Q&A, click here (please note the paywall).

Not just a “start-up nation” – Bank Leumi (UK)’s Michael Duval outlines Israel’s commercial potential in Global Trade Review

Michael Duval, the Bank’s Chief Business Officer, explains in a targeted article why companies are choosing Israel for their importing and exporting activity.

BNY Mellon’s Monika Aminiova discusses SWIFT gpi adoption in Finance Digest

Writing for Finance Digest, BNY Mellon’s Monika Aminiova, EMEA Cash Management Business Development Manager, Treasury Services, takes an in-depth look at how the payments sector could be transformed by SWIFT gpi, and how banks can help the initiative take root. Although still being rolled out, SWIFT gpi’s impact on both the speed and transparency of …

Continue reading