JP Morgan Treasury Services has expanded its global escrow services to Vietnam, providing clients with an additional risk management solution across financial transactions. The bank said that it was responding to increased demand from clients in Vietnam seeking escrow services to support a range of capital market flows, including mergers and acquisitions (M&As), trade and construction.
Abdul Raof Latiff, head of treasury services for JP Morgan in ASEAN, said: “This is an important addition to our growing suite of solutions in Vietnam, demonstrating another step forward in our ongoing commitment to expanding our regional banking capabilities and offering integrated treasury management services to our clients in the region.”
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.
Apps are a critical part of treasury's shift into mobile banking as 67% of treasury and corporate finance professionals said mobile banking services are of particular interest to them in a recent survey.