The Empire Strikes Back: New Revolution in Payments
The Single Euro Payments Area (SEPA) is an integration initiative that is the cornerstone of Europe’s efficient financial market. It comprises 36 countries, including several that are not members of the EU. SEPA enables financial transactions (both in cash and without a physical currency) without barriers. Its benefits regarding the ease of doing business across […]
Kingfisher France Targets Big Baskets with BNP Paribas’ Unique A2A Payments Solution
When Europe-wide retailer Kingfisher Group wanted to find a way for higher-spending customers of its Castorama and Brico Dépôt retail home-improvement outlets in France to pay for their goods, BNP Paribas responded with a unique instant Account-to-Account payments solution. Antoine Leclercq, Cash Manager, Castorama France, and Saïd Ouastani, Global Cash Management Relationship Manager, BNP Paribas, […]
Corporate Innovators
The Best and the Brightest of 2021 2021 was arguably one of the most innovative years on record in the world of corporate treasury, based on the standard of entries to the TMI Corporate Recognition Awards. Here, we present a brief overview of the winning projects – which cannot possibly do justice to the magnitude […]
AI in the Sky
Etihad Airways deploys AI to rapidly identify supplier payment errors, with more processes in the pipeline Deploying cutting-edge AI around its newly centralised and standardised data set is helping Etihad Airways’ finance team identify supplier payment anomalies, strengthening controls and saving time. The solution, a product of the department’s internal Innovation Committee, is a perfect […]
Roadmap Towards a First-Class Group Treasury
As the perennial debate continues around the pros and cons of a centralised treasury, this article plots a route to an efficient and streamlined group treasury function – emphasising the importance of empathy, communication and engagement at all levels. In recent years there have been numerous articles, discussions, and seminars, debating to what extent a […]
ISO 20022 Migration for Corporates: Start Planning Now
The impending migration of crucial clearing systems, national banks, and SWIFT to ISO 20022 seems to be a decisive step towards a true global standard for payment transactions. And it’s only a matter of time before corporate participation will be required. ’Standardisation’ and ’migration’ are terms that have become virtually inseparable from the field of […]