BNY Mellon examines the growing role of technology in trade finance in TradeReady

Technology is playing a crucial role in paving the trade landscape we see today. New capabilities are coming to the fore and presenting the opportunity to enhance existing processes across the trade finance spectrum. In an article for TradeReady, Dominic Broom, Global Head of Trade Business Development, Treasury Services, BNY Mellon, discusses how banks not only leverage technology to enhance the client experience through improved efficiency and transparency, but can also utilise the increasingly data-led, data management business of trade finance to gain a deeper understanding of clients’ businesses.

 

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BNY Mellon’s Daniel Verbruggen talks to TMI about the digital future of transaction banking

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.

 

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BNY Mellon’s Carl Slabicki discusses the growing adoption of real-time payments by banks

Outdated payment systems, regulation, evolving consumer needs and promising fintech initiatives are all driving the demand for enhanced transaction capabilities. As a result, banks are increasingly adopting real-time payments to address evolving needs. In a commentary article for TMI, Carl Slabicki, Director, Immediate Payments, BNY Mellon Treasury Services, discusses how the real-time landscape is gaining traction, the implementation of the real-time payments (RTP) initiative in the US, and how banks and the wider industry can make enhanced, real-time payments a global reality.

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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.

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 week, Dominic Broom, Global Head of Trade Business Development, commented: “This consecutive win of the Best Correspondent Bank award underscores what we do best: providing operating expertise and exceptional client service on a global scale. We continue to invest in new solutions and enabling technologies to remain the leader in meeting client needs, in an ever-changing landscape.”

To read the full awards results list, please click here.

BNY Mellon’s Monika Aminiova discusses SWIFT gpi adoption in Finance Digest

Writing for Finance Digest, BNY Mellon’s Monika Aminiova, EMEA Cash Management Business Development Manager, Treasury Services, takes an in-depth look at how the payments sector could be transformed by SWIFT gpi, and how banks can help the initiative take root.

Although still being rolled out, SWIFT gpi’s impact on both the speed and transparency of cross-border transactions is already visible, and with more developments in the pipeline – such as the ability to stop and recall payments, and attach invoices to transactions – there is a real opportunity for banks to enhance their offering and provide a traceable, efficient and modern global payments experience for their clients.

“Undoubtedly, SWIFT gpi is an initiative that has the potential to revolutionise global payments”, says Aminiova, “But it is only through co-creation, cooperation and active engagement that banks can expect to access and harness the full potential of SWIFT gpi – and most importantly, render the cross-border transaction process more transparent, efficient and intuitive for clients.”

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