Crown Agents Bank’s David Bee explores how technology can help investors navigate Africa’s currency market

As the appetite for foreign direct investment (FDI) in Africa intensifies, currency illiquidity and volatility stand as potential barriers to growth. In an article for The Global Treasurer, David Bee, Head of Global Markets at Crown Agents Bank, explores how new, innovative technologies – such as EMpowerFX – can begin to offset Africa’s currency concerns.

Please click here to read the full article.

 

CAB launches its new video

Crown Agents Bank’s new video made its debut at the Treasurers Roundtable Annual Conference in Washington DC last week.

Moorgate was involved in all stages of the production.

 

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 ReutersBanking 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.

Crown Agents Bank Partners with 360T

In its latest move towards digitalisation, Crown Agents Bank, the global wholesale bank for emerging markets, has partnered with online trading platform 360T.

“We can now offer a faster and more efficient service for all our customers who use 360T,” says David Bee, Head of Global Markets. “And for potential customers looking for illiquid, hard-to-access currencies – from the Belize dollar and Ethiopian birr, to the Nepalese rupee, XAF, XOF and the Zambian kwacha – we can offer very competitive pricing.”

The news was covered by FTSE Global Markets, Global Banking & Finance Review, EUBankers and Profit & Loss.

Crown Agents Bank’s new foreign exchange trading platform picked up by e-Forex

The launch of Crown Agents Bank’s web-based FX trading platform, EMpowerFX, was covered in the magazine’s first edition of the year. Key features of the tool include real-time streaming access to competitive market pricing and immediate tailored request-for quotation (RFQ) facilities for well in excess of 500 emerging and major traded currency pairs.

Read more in e-Forex online here or on page 16 of the magazine here.

Crown Agents Bank’s new foreign exchange trading platform covered in the specialist press

EMpowerFX provides clients with direct access to real time quotes for well in excess of 500 emerging and developed-market currency pairs. The platform’s launch was covered across the specialist financial and foreign exchange press, including FX-WeekForex NewsTreasury TodayProfit & LossCOVER South AfricaInstitutional Asset ManagerModern GhanaFTSE Global MarketsGlobal Banking and Finance ReviewBanking Technology, and Caribbean News Now.

Deutsche Bank’s Flow Magazine discusses ISO 20022

ISO 20022 will play an instrumental role in the future of payments – providing operational efficiency and enabling banks and market infrastructures globally to communicate. Yet it only really works if banks and market infrastructures around the world are harmonised, or at the very least aligned, in their migration efforts. In an article for Flow Magazine – inspired by a panel at the 2017 SWIFT Standards Forum in London – Deutsche Bank explains why.

To read the full article, please click here.

Natixis’ innovative Dutch mortgage investment platform featured in a special Financial Times report

Natixis and CMIS Group have announced the launch of ‘The Merius Mortgage Note’, a unique investment platform that enables European-wide institutional investors access to the prime Dutch Mortgage market. The platform is yet another example of Natixis’ innovative financial offering to clients, allowing current European clients access to an opportunity that was formally just offered to Dutch investors and pension funds.

Following an interview between Emmanuel Issanchouand, Natixis’ Deputy Global Head of Securitization, and the FT on the ways in which a range of financial institutions are challenging banks’ dominance of the lending market, Natixis’ platform is featured as another example of how non-banks can offer better returns or indeed finance to investments that banks have shied from.

What’s more, the report shines a light on the growing role that private equity funds, institutional investors and P2P lending platforms are introducing new ways for businesses and household consumers – such as mortgages – to borrow. To read the full article, please click here.

Deutsche Bank publishes new guide to EU Payment Services Directive 2

Banks and payment providers will need to adapt their systems and processes to comply with the requirements of the new EU Directive on Payment Services (PSD2), according to a new guide published by Deutsche Bank, in collaboration with PPI AG, that explains the directive’s most important provisions, as well as its impact on the operations of payment service providers and corporates. 

Applicable from 13 January 2018, PSD2 is a major update of the EU’s first Directive on Payment Services, published in 2007, which laid the legal foundation for the creation of an EU-wide single market for payments. PSD2 aims to bring EU regulation up-to-speed both with the step-change in technological development and the shake-up of the payments market that have occurred since the first directive came into force.

It extends the existing directive’s scope to cover transactions in all currencies where both the payer’s and payee’s payment service providers (PSP) are located in the EU/EEA (two-leg-in), as well as to transactions where only one PSP is located in the EU/EEA (one-leg-out).

It introduces stricter safety requirements for accessing payment account information and for the initiation of payment transactions via online channels, mandating 2-factor authentication; and it extends market access to   ̶   and control over   ̶   third party providers of payment initiation and account information services.

“We welcome PSD2 as a further step in the development of the European payments market that will facilitate a completely new “innovation ecosystem” in payments in Europe” says Shahrokh Moinian, contributor to the new guide, Global Head of Cash Management Corporates, and Programme Lead of the PSD2 Implementation Project at Deutsche Bank. “It widens the scope of the existing directive by covering new services and players, as well as by extending it geographically and by currency. PSD2 will strengthen consumer rights and security as well as encouraging competition in the payments space”.

Following Moorgate outreach, news of the guide’s publication was picked up in Asset Finance International, AssetMan.net , Global Custody, Institutional Asset Manager, Transaction Banker, TXF. 

You can access the guide “Payment Services Directive 2: Directive on Payment Services in the Internal Market (EU) 2015/2366” here.