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
Deutsche Bank AG today announced that it has signed a Letter of Intent with Tieto, a leading Nordic provider of IT software and services, to leverage the company’s product suite to transform its existing Virtual Account services towards an extended offering that will open up new opportunities for corporate treasurers.
As a first step, Deutsche Bank will leverage Tieto’s Virtual Account Management (VAM) platform as a complementary technology solution that can seamlessly integrate with its award winning Cash, Trade and FX platform, thus further enhancing its cash management offering to the benefit of its corporate clients.
“At Deutsche Bank, we are focused on offering real-time, rules-based solutions for multi-currency liquidity, funding and risk management, which can be digitally configured and signed directly by our clients,” says Vanessa Manning, Global Head Liquidity Products at Deutsche Bank.
Following Moorgate’s outreach, the news was covered by TMI, Finextra, CTMfile, Fintech Futures, The Paypers, Electronic Payments International, IBS Intelligence , Fitness Financiario , Fintech In Shorts
The EIU, supported by Deutsche Bank, has released its latest report: “A Quantum Leap: Building a data-driven treasury”. The report, based on a survey of 300 senior corporate treasury executives from around the world, sought to identify what being a data-driven treasury means and key considerations when developing a data strategy. In turn, 44% of respondents to the EIU survey indicate that cloud computing will be the most important technology for treasurers over the next five years, followed by big data analytics (42%) and artificial intelligence (37%).
“Treasury Management Systems deployed in the cloud offer a host of benefits, including a wider and more dynamic view of financial positions, automatic access to the latest analytical tools and an ability to more easily collaborate with stakeholders, reducing the need for data collection and input by treasury,” says Ole Matthiessen, Global Head of Cash Management, Deutsche Bank. “It has taken some time for risk-averse treasurers to accept the security and robustness of cloud-based solutions, but we are now witnessing a change in mindset.”
The news was covered by: Crowdfund Insider, The Paypers, cryptocryptonews, CTMfile, Der Treasurer, Asset Servicing Times, Finextra, The Global Treasurer, TMI
Deutsche Bank has released its second guide to the ISO 20022 migration. As Part 1 of the Guide emphasised, banks should not consider the migration to ISO 20022 as just “another IT project” and it’s equally important that corporates do not make the mistake of writing it off as just “another bank project”. So whether it’s a global bank implementing seismic changes, or a small corporate taking more modest steps, all market participants need to be regularly updated and ensure they are moving in the right direction.
Guide to ISO 20022 migration: Part 2” offers guidance for picking a successful route for migration and securing the full benefits of ISO 20022. Further Guides are planned as the journey continues.
Writing in TMI, Deutsche Bank’s Christian Westerhaus explores the opportunities and challenges presented by the migration to ISO 20022. To meet the challenge, banks, corporates and financial stakeholders must fully commit – allocating budgets, resources and project teams to allow their operations to meet the higher standard.
To read the full article, please click here.
The upcoming migration to ISO 20022 will have far-reaching implications for all banks, corporates and other important financial stakeholders. It is probably the most impactful payments industry undertaking since the introduction of the Single Euro Payments Area (SEPA) more than a decade ago, and will require CEO commitment, allocation of appropriate budgets, resources and project teams given that a multitude of areas will be affected across institutions. This is not simply “another IT project”.
Deutsche Bank’s series of guides on this topic, aim to outline exactly what we can expect between now and 2025, creating awareness of the impact of ISO 20022 implementation and sharing best practices for approaching a project of such magnitude. The first in the series, “Guide to ISO 20022 migration: Part one”, focuses on the implications for banks, with future editions turning to assess how corporates can best plan for the changes.
The news was covered by: CTM file, IBS intelligence, Fintech Insight, FTF news, Finextra, Financial IT
On 16th May, KfW closed its largest ever green bond issue, coming in at €3 billion, with UniCredit acting as bookrunner alongside Bank of America and Crédit Agricole.
Antonio Keglevich, UniCredit’s Head of Sustainability Bond Origination, spoke to GlobalCapital, commenting: “The bookbuilding process was extremely smooth and very orderly. A 3bp tightening in the spread was more than justifiable on the back of a book of more than €8bn.”
The full article can be found here.
Treasurers the world over rely on their transaction banks to provide robust services that cater to their daily financial needs – but the space has long been seen as somewhat ‘vanilla’. Now, however, technological developments and solution-driven innovations are starting to push traditional boundaries. TMI’s Executive Interview sees Daniel Verbruggen, BNY Mellon’s Head of Relationship Management Europe, Treasury Services, revealing his vision for the future of transaction banking and explaining the potential benefits for corporate treasurers.
Click here to read the full article
Correspondent banking is evolving. Once a predominantly payments network, it is now developing into a ‘relationships network’ – with banks looking to facilitate seamless interactions between clients by connecting them on purpose-built digital platforms.
Corporate-to-corporate trading platform we.trade is already live and improving the way businesses trade with one another, and there is potential to take this further by combining we.trade with a corporate-to-bank initiative, such as the Trade Information Network – enriching interactions between buyers and suppliers through proactive support from a broad network of banks.
This could offer the best of both worlds. Corporates would achieve greater transparency when it comes to securing contracts, while banks would have the opportunity to introduce value-added services throughout the transaction process.
To read this article in full, click here.
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.