As the squeeze on banks intensifies, virtual accounts are a win-win by offering efficiencies and meeting the needs of their corporate clients.
A global survey reveals high demand among US and European small and medium-sized businesses for fast and innovative payment and banking services.
How do banks, the long-established players in the payments market, best respond to the revolution that is now underway?
Seen as the ultimate model by treasurers, centralisation is rarely as black and white as it appears. Today, digital advances are making it easier for every treasury function to reap the benefits of centralisation while overcoming financial, operational and psychological barriers.
Despite the profound changes created by SEPA and faster payments initiatives, behind-the-scenes process overhauls are long overdue to keep up with the digital age.
Although SEPA is nearly two years old, the predicted decline in liquidity management tools has yet to happen. Nor are treasury departments fully focused on reducing and rationalising their bank accounts.
BNP Paribas’ 9th Cash Management University (CMU) event on May 26-27, which returned to its traditional venue of Le Pre Catelan on the outskirts of Paris, took innovations in cash management in a digital world as its theme.
Credit-related activities such as corporate financing and debt issuance remain important. However, corporates are increasingly basing their choice of bank on the ... read more