Innovation Blog

Celestial Payments and Other Advances

By Tom Alford, Deputy Editor, TMI J.P. Morgan tested the world’s first bank-led tokenised value transfer in space in 2020. In doing so, it signalled the start of what could become the subject of the next space race: satellite payments. Tyrone Lobban, Head of Blockchain Launch at J.P. Morgan’s Onyx business, updates TMI on this …

Digital Gold Creating Yield for Treasurers

By Jai Bifulco, Chief Commercial Officer, Kinesis When the first ever government-backed, sharia-compliant, gold-based financial infrastructure was launched in Indonesia this month, it signalled new ways of thinking about corporate payments and yield generation. TMI decided to find out more. Payments systems come and go, with various capabilities attributed to each. But when one solution …

Brexit Driving Euro Transaction Fees Skyward: Time to Re-negotiate?

By Laurent Descout, CEO, Neo Since Brexit, banks have been charging customers to deposit euros into their euro accounts in London, forcing costs to soar. TMI asks an industry expert why this is happening and what can be done about it. Businesses have been used to paying low fees for their European banks to transfer …

Global ‘Just-in-Time’ Liquidity Network Nearing Completion

By Nick Ogden, Founder, RTGS.global network “As we become increasingly used to interacting on a real-time or instant basis, it’s obvious that the international payments system is nowhere near fit for purpose in today’s global digital economy,” states Nick Ogden, serial fintech entrepreneur, founder of WorldPay, ClearBank and now the RTGS.global network. Working with regulators, …

Cash is Dead. Long Live Bitcoin*

*Other digital assets are available When BCB Group, a crypto-dedicated payment services provider, launched BCB Treasury in February 2021, its aim was help corporate treasury departments invest in digital assets. TMI spoke to the firm’s Chief Growth Officer, Ben Sebley, about the platform and the wider impacts of treasury’s adoption of Bitcoin and other crypto …

RPA: Hype or Hope for Finance Teams?

By Harel Tayeb, CEO, Kryon Due to the ongoing effects of Covid-19, many sectors of the world’s economy are accelerating their digital transformation journeys – and the finance sector is no exception. As a result of this ongoing change, conversations are taking place about digitising certain processes to future-proof workflows and keep finance teams as …

Why Trade Finance Market Places are the Way Forward

By Dominic Broom, CEO, Fineon Exchange The Covid-19 pandemic resulted in a significant slump in global trade volumes in 2020, with the latest World Trade Organisation (WTO) forecast estimating that global merchandise trade will shrink by 9.2% year-on-year. If there is any silver lining to the crisis, however, it is that it has accelerated the …

How to Innovate – and be Successful

By Tom Alford, Deputy Editor, TMI Innovation comes with no guarantees of success. Is there a way to increase the odds? We ask Annerie Vreugdenhil, Chief Innovation Officer, ING , to describe the processes she employs with her team. In the treasury world, ‘innovation’ may be interpretated as simply offering new products or services; it’s …

Top Treasury Technology Innovations to Watch in 2021

by Eleanor Hill, Editor, TMI It’s often said that necessity is the mother of invention, but it can also be the catalyst for adopting innovations – in a rapid time frame. Nowhere was this more clearly displayed than the world of treasury technology in 2020. As has been well documented, the Covid-19 pandemic pushed treasurers …

The Potential of Quantum Computing in Trade Finance

By Tom Alford, Deputy Editor, TMI The financial mechanisms underpinning global trade are undergoing significant change. Tradeteq CEO Christoph Gugelmann explains how quantum computing has the potential to transform this trillion-dollar industry over the next few decades. It is noteworthy that trade finance – an industry that has been in existence for centuries and which …

BIS: Cyber-attacks on Financial Sector Never Been Greater

By Tom Alford, Deputy Editor, TMI The connected nature of business today means it has never been more important for treasurers to recognise and respond to the risks impacting their partner ecosystem. In particular, given the agenda for digitalisation, understanding the ever-changing threat of cybercrime to the financial sector, and how it reacts, could become …

Remote Control: Can Treasury Break Free From the Office for Good?

By Tom Alford, Deputy Editor, TMI With the pandemic forcing many to work remotely, the idea has gained traction among professionals that this is not such a bad thing after all. To what extent can treasurers operate effectively away from the office? We ask an expert. Corporate treasury teams are usually quite small, tight-knit affairs, …

Adopt Me: Why Innovations Must Be Humanised

By Tom Alford, Deputy Editor, TMI As book titles go ‘Technology Is Dead’ is likely to pique the interest of more than a few treasurers, given that the profession is frequently bombarded with messages to the contrary. TMI spoke to its author, Chris Colbert, to find out more. Fintech specialists live and breathe technology, so …

Specialist Treasury Technology: A Breed Apart?

By Tom Alford, Deputy Editor, TMI The idea that best-of-breed selection, as opposed to a traditional ‘full stack’ TMS, is the way forward gets the TIS ‘Executive Briefing’ treatment in its latest paper. But are treasurers ready to abandon their love of TMSs and migrate to best-of-breed solutions instead? When research by HSBC demonstrated in late 2019 …

Digital RFPs: No More Pain, Many More Opportunities

By Tom Alford, Deputy Editor, TMI It seems that change is in the air for many corporates. Indeed, a recent Treasury Dragons event demonstrated that there is a healthy appetite amongst corporates to move to another core system or banking provider. With one poll showing 65% of the audience of over 100 corporates are considering …