Commerzbank has been named the world’s best export finance bank and Germany’s best trade finance provider for 2020 by specialist publication Global Finance.
Enno-Burghard Weitzel, Cluster Lead Trade Finance, Commerzbank, said: “Our 150-year history has been underpinned by building the trust of our clients – to help them expand into international markets and fulfil their business objectives. For us, these awards therefore represent a vote of confidence from the large corporates, the Mittelstand and the small enterprises that we serve.”
Moorgate, a Finn Partners company, prepared Commerzbank’s submission papers. More information can be found on the Global Finance and Commerzbank websites.
In a Global Finance article examining how trade finance is moving out of the paper age, Joon Kim, Global Head of Trade Finance Product and Portfolio Management at BNY Mellon Treasury Services, explains the value of AI in reviewing and authenticating trade documents, as well as in creating standardisation and improved efficiencies in KYC processes. Kim also notes the importance of data in enhancing trade finance.
To read the full article, please click here
BNY Mellon was recently named Best Transactional Bank for Financial Institutions in the Middle East by EMEA Finance magazine – an accolade that that has been published by the American Lebanese Chamber of Commerce. BNY Mellon was recognized for its commitment to providing exceptional client service, its strong banking relationships – on a non-compete basis – and its focus on enhancing the client experience.
To read the full article, please click here and scroll to page five
The trade finance gap is a serious issue that is impacting the health of global trade and business development in many countries across the world. In Asian Banking & Finance, BNY Mellon Treasury Services’s Joon Kim, Global Head of Trade Finance Product and Portfolio Management, and Arnon Goldstein, Regional Head of Relationship Management APAC, discuss the key findings of BNY Mellon’s recent global survey into the trade finance gap. The article examines solutions for addressing the gap, and the importance of taking action in order to ensure trade in Asia can reach its full potential.
To read the full article, please click here
As part of the “Finextra at Sibos” video highlights series, Saket Sharma, Chief Information Officer, BNY Mellon Treasury Services, was interviewed at Sibos for the video focusing on leveraging data.
He says: “In order to really harness the power of data and derive meaningful insights, a data strategy needs to be in place.
To view the full “vox pop style” video (with Saket’s commentary at 2 minutes in), please click here.
The payments landscape is evolving at a phenomenal rate. New technology developments are emerging faster than ever, driven by the growing culture for digital solutions, new regulatory requirements, and the increasing number of new entrants in the market that are challenging more traditional practices with cutting-edge concepts that appeal to the tech-savvy society of today. This convergence of factors is acting as a catalyst for banks to take action and modernise payments.
In the Journal of Payments Strategy & Systems, Michael Bellacosa, Global Head of Payments and Transaction Services, BNY Mellon Treasury Services, discusses the transformational power of SWIFT gpi. Importantly, the article also examines how banks need to maximise the possibilities of the new landscape and deliver real added value; looking beyond the payment itself and considering how they can harness toolkits such as SWIFT gpi to create solutions that best support their clients.
To read the full article, please click here (please note, the article lies behind a paywall)
BNY Mellon has won three awards in EMEA Finance magazine’s 2019 Treasury Services Awards, including retaining its title of “Best Transactional Bank for Financial Institutions in EMEA” for an astonishing tenth consecutive year. BNY Mellon was also named “Best Transactional Bank for Financial Institutions in the Middle East” and the provider of the “Best FX Services in EMEA” for its market-leading FX solution, SmartPaySM Global.
The awards were presented to BNY Mellon Treasury Services’s Bana Akkad Azhari, Head of Relationship Management MEA and CIS; Marcus Sehr, Head of Europe; and Ross Jones, Head of FX and Multicurrency Payment Product, at Sibos.
To read the full awards write-up in EMEA Finance, please click here (please note, the article lies behind a paywall)
The value of real-time cash-balance reporting is being overlooked by many banks – perhaps due to its regulatory origins, argues a new white paper from Deutsche Bank. Looking back to 2013, when the concept first gained real momentum through the publication of the Basel Committee on Banking Supervision’s BCBS 248-paper, the report notes that the lack of a common regulatory mandate may have put the brakes on full-scale industry adoption, with only a few banks – typically the very largest – bound by regulation under individual mandates.
Advantages of real-time reporting range from the originally stipulated boost to stability in stress scenarios, a clear view over incoming and outgoing flows, giving complete control over intraday cash positions, and the necessary data to build and test strategies for managing and optimising liquidity at all times throughout the day.
In addition to outlining the current benefits of real-time liquidity reporting, the white paper forecasts that the tech revolution now underway will enhance them further through the transformative power of application programming interfaces (APIs), distributed ledger technology (DLT) and artificial intelligence (AI). But investing right away in real-time reporting capabilities will quickly provide real returns, long before migration to ISO 20022 has been completed.
News of the whitepaper’s launch was covered in the specialist press by: Finextra, Fintech Finance, CTMfile, Global Banking and Finance Review, The Paypers
This is an extraordinary moment in the history of one of the Middle East’s largest economies. The changes underway in Saudi society are both palpable and visible. And the changes underway within the Kingdom’s banking and financial system are equally remarkable, if less visible. As with other countries, digitisation is causing banks to fundamentally rethink their role, while new players are providing innovative services to both consumers and businesses alike. Here, a roundtable co-hosted by BNY Mellon, the Saudi Investment Bank (SAIB) and EMEA Finance brings together industry leaders to share their views and expertise on how banks in the Kingdom are adapting to the evolving landscape and capitalising on new opportunities.
To read the full write-up, see the Sibos edition or click here (please note, the article lies behind a paywall)
The influx of fintechs into the payments space has kickstarted an unprecedented period of innovation in transaction banking. Faced with new, tech-savvy competition, evolving client expectations, and with their own legacy infrastructure far from optimal, there is an increasing urgency for banks to deliver an enhanced, digital experience to clients. In Global Finance, Marcus Sehr, Head of BNY Mellon Treasury Services – Europe, discusses how banks are rising to this challenge, and transforming the way in which payments are processed.
To read the full article, see the “Sibos Supersection” of the magazine or click here (please note, the article lies behind a paywall)