Leumi UK’s Louise Gillon speaks to Hotel Analyst on debt funding for hotels

Speaking to Hotel Analyst, Louise Gillon, Head of Hotel Finance at Leumi UK, discusses lenders’ strong appetite for the hotel sector despite COVID-19 challenges.

Commenting on the bank’s recent deals, Louise notes that “Leumi’s focus has always been in major city centre locations across Western Europe. We’ve been happy to finance regional assets on a portfolio basis but have stayed away from single asset transactions in the regional market. We like hotels that have dual demand drivers of both corporate and leisure, and have rarely financed assets focused purely on just one of these areas. And we don’t expect any significant changes in this regard.”

To read the full article, please click here (paywall).

Citi looks at the how embedded trade is revolutionising the supply chain

With numerous moving parts often causing delays in operation, the integration of services in international trade presents a transformative opportunity for everyone in the ecosystem. Offering a way to combine logistics, ordering and financing on one platform, “embedded trade” allows corporates to streamline their services – optimising cashflow and mitigating risks.

In Citi’s latest insights article,  Luis Valdich, John Mazzara, Xiaolei Cong and Opeyemi Olomo look at how this innovative landscape is unfolding and its potential to revolutionise supply-chain efficiencies.

Read the full article here.

Deutsche Bank releases the third installment of its ISO 20022 guide

Deutsche Bank has released the third installment in its “Guide to ISO 20022 migration series, which offers a comprehensive update on the industry shift to the de facto global standard for financial messaging: ISO 20022.

The paper explores the latest developments, including SWIFT’s year-long postponement of the migration in the correspondent banking space. The decision meets industry calls for a delay and also provides ample time to build the new central Transaction Management Platform (TMP) – a core feature of SWIFT’s new strategy that will allow the industry to move away from point-to-point messaging and towards central transaction processing.

It also details the wave of action that has been seen by market infrastructures around the world – with many, including the ECB, EBA CLEARING and the Bank of England, announcing revised migration approaches.

The news was covered by Global Banking and Finance Review , TMI, The Paypers, Treasury Today, CTMfile

Leumi UK’s Roy Shilo discusses how tech is weathering the COVID-19 storm in Financial IT

Writing for Financial IT, Roy Shilo, Head of Commercial Finance at Leumi UK, explains how technology is on track to emerge from the COVID-19 crisis in good health.

Seeing people and businesses through months of uncertainty while accommodating the needs of an increasingly tech-reliant society has meant an abundance of opportunities for tech investors and entrepreneurs. As such, long-term investment in innovation will become central to the recovery of the global economy, signalling a positive future the industry.

To read the full article, please click here (page 50).

BACB’s Nabil Frik discusses Francophone Africa’s post-pandemic future in TXF

Most African economies have so far succeeded in navigating a year beset with economic challenges. Writing in TXF, Nabil Frik, Managing Director for Africa and the Middle East at British Arab Commercial Bank, discusses why Francophone Africa has beaten expectations.

Francophone Africa – encompassing 29 countries across the continent – includes some of Africa’s fastest growing economies. As the region works towards a post-pandemic recovery, its relationship with the rest of the world is also undergoing a profound shift, with Francophone Africa replacing its long-standing economic reliance on France with a more multi-polar relationship with other regions.

Read the full article in TXF.

Citi looks at how COVID-19 presents a unique opportunity for change within the energy sector

The global impact of the COVID-19 pandemic has accelerated a number of trends and discussions on the energy transition and decarbonisation. With a collapse in demand for many energy products and announcements focused on green investments,  2020 is likely to be regarded as an inflection point on environmental initiatives.

In its recent insights article, Citi looks at the changing landscape of the energy value chain and the pivotal role banks will play in supporting their clients as they explore new tools to maintain healthy financials, while investing to meet environmental objectives.

The full article can be accessed here.

S&P’s Massimo Schiavo discusses prospects for hydrogen power in The Energy Industry Times

Clean hydrogen is expected to become increasingly prominent in the energy transition over the next decade. Indeed, according to the Hydrogen Council, the fuel could account for 15% of global primary energy supply by 2050.

Writing for The Energy Industry Times, Massimo Schiavo, Director at S&P Global Ratings, looks at how and when a truly hydrogen-based economy might take shape, and how key factors – including policy support, falling production and electrolyser costs and renewables capacity growth – will be necessary to bringing such ambitions within reach.

Read the full article here.

How did the COVID-19 pandemic accelerate digital payments services in Latin America? BNY Mellon’s Dino Sani explores in an interview with Latin Finance

Although the ongoing pandemic brought significant disruption, it is also having the positive effect of bringing the digitalization agenda to the fore. And as flows of funds between Latin America and the rest of the world are returning to normal levels, the pandemic has precipitated a permanent change by speeding up the adoption of digital payment services, says Dino Sani, Head of Treasury Services for Latin America at BNY Mellon.

“BNY Mellon was already in this journey toward digitalization but COVID-19 accelerated the process,” Sani said. “And there’s a dramatic impact on our business.”

Latin American banks have been quick to embrace Swift’s Global Payment Initiative (GPI), a collaborative project in which participating banks build on an open platform (API) to add speed and transparency to international payments, according to Sani. And although Latin America’s economies to face a difficult year in 2021 as they open slowly, Sani expects an economic recovery to get underway. “We are seeing some light at the end of the tunnel,” he said.

To read the full article, click here.