According to the latest research from Demica, over 90% of major international banks are now offering their corporate customers supply chain financing (SCF) solutions – nearly twice as many as last year. In parallel, the research points to surging corporate demand for collaborative financing tools, with a 65% increase in live SCF programmes over the last 12 months and triple the number of firms actively investigating their options in this regard. Moreover, European corporates believe that SCF will grow more strongly over the next two years than lines of credit from their relationship banks – the inverse ranking to last year’s prediction and no doubt a reflection of the current credit crisis. The vast majority of banks surveyed in Demica’s research believe that SCF provides “an efficient deployment of scarcer credit in the current climate” for corporate customers, corroborating many commentators’ view that the credit crisis is driving growth in SCF programmes. The banking community also stressed that SCF services offer them a valuable opportunity to consolidate and extend existing customer relationships, in addition to attractive margins.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more