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Asia’s Corporates Driving Treasury, Banking Digitization

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Large corporates across Asia are driving digital transformation of banking and treasury management in the region, according to new analysis from Greenwich Associates. The portion of treasury officials prioritizing digitization has nearly doubled since the fourth quarter of 2018 to 22 percent, the report revealed.

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APIs, Data Analytics Bring Cash Flow Control To The Back Office

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These factors are putting companies to the test, especially in how they handle their corporate finances. This means treasury departments must have back-office integrations that can enable them to manage payments across various channels.

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To Improve Treasury Tech, Target The Developers

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s Open Banking initiative encourage API development and adoption, with industry players acknowledging the technology’s ability to efficiently comply with data sharing rules. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. “I Certainly regulations like PSD2 and the U.K.’s

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Deutsche Bank Links Faster Payments To Faster FX Management

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Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. For the corporate treasurer, this could mean real-time FX exposure management and the need for faster action to mitigate FX volatility risk.

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Centtrip Launches Real-Time Payments Service For Multinational Firms

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Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-border payments. based company, which provides global payments, foreign exchange (FX) and banking services, announced its real-time payments solution on Wednesday (April 18).

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When Globalization Doesn’t Guarantee Profits

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But enabling international payments between corporates could do more harm than good if a business is meddling in foreign exchange without understanding the risks. But it wasn’t until earlier this month that Saxo introduced a mechanism to link FIs’ corporate clients to a way to monitor FX exposure and fluctuation.

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Blockchain Makes It Out Of Piloting — Now What?

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The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.