Category: Transaction Banking

thyssenkrupp trades an FX forward over blockchain with Commerzbank

The first such transaction involving a large German company, Commerzbank’s €500,000 deal was covered by Reuters, Banking Technology, The Trade, IBS Intelligence, coindesk, 4-traders, Blockchain News, The Blockchain, CoinShot, Blockshapers, The Paypers, Cypto Currency News, RTT News, coinzdaily, Econotimes Blockchain Revolution, Cryptocy News, Bitnews Today, Coin Telegraph, cryptovest, Finextra and Profit & Loss.

Why UK companies should look to Israel for trade: Bank Leumi (UK)’s Michael Duval writes for The Global Treasurer

Compliance costs in emerging markets are rising, as are fears of protectionism in developed markets. But Michael Duval, Chief Business Officer at Bank Leumi (UK), notes that Israel provides importers and exporters with sustained opportunities in an article for The Global Treasurer.

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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).