BCR Publishing
We are the leading provider of news, market intelligence, events and training for the global receivables finance industry.
Working with industry leading organisations, experts, governments and universities, BCR Publications delivers expertise in factoring, receivables and supply chain finance to a global audience.
BCR has long been a beacon of innovation and excellence in the realm of receivables finance, playing an instrumental role in shaping the industry’s international landscape. Through its comprehensive conferences, insightful publications, and thought leadership, BCR has facilitated crucial dialogues and connections among industry professionals, driving forward the development of receivables finance globally.
Accepting Crypto Currency In Corporate Treasury
03-02-2022 | treasuryXL | ComplexCountries | LinkedIn |
As more treasuries will have to start accepting crypto, whether it be an emerging market like El Salvador, for digital assets, NFTs and other goods that are sold in the metaverse. This report explores the experiences of treasurers in setting up their systems to accept crypto currency.
This report is based on two treasury peer calls chaired by Simon Jones and was compiled by Monie Lindsey.
This report is based on two treasury peer calls chaired by Simon Jones and was compiled by Monie Lindsey.
The full 14-page detailed report is available to subscribers in our Report Library.
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Chair’s Overview
Following the CompleXCountries call ‘Accepting Bitcoin in Corporate Treasury – Lessons from El Salvador’, (Report Summary Here), the CXC community clearly did not see this as a one off. The necessity to accept Bitcoin & Crypto may become a reality for more Treasurers, but the path is far from being very clear. The purpose of this call was to share experiences and challenges, and learn from the various solutions Treasurers are putting in place if they have to accept crypto currency to support their businesses.
The session was extremely insightful and even if a Corporate is not accepting Crypto now, this report required reading for the Treasury community. It is a challenge that will increasingly become more common as corporations drive more digital sales channels. The regulated Crypto exchanges have seen significant growth over the last few years and the ability to exchange fiat for crypto and back to fiat has become widely available in the marketplace.
We posed the questions: Is this something that they have had to deal with or are going to have to deal with in the future? El Salvador was the first newsworthy case but on this call we gained insight to how it is becoming more mainstream in digital businesses and therefore becoming far more common for corporates around the world.
Non-Fungible Token (NFT) Definition. “A unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.” Collins Dictionary, who picked ‘NFT’ as their word of the year 2021.
To summarise the key learning points:
Conclusion: Highly insightful session, brings home the reality that as more businesses issue and sell digital assets like NFTs online for their products & services, it will be a requirement to accept crypto coins. No longer are crypto-assets like bitcoin just for speculative investment, but they are becoming the instrument of choice for some digital native consumers to use for purchases. Understanding the digital product & services strategy at a Corporate and the implications that might have for a corporate treasurer is fast becoming a necessity to supporting the business.
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Nomentia Now Available in the Microsoft Azure Marketplace
01-02-2022 | treasuryXL | Nomentia | LinkedIn |
Microsoft Azure customers worldwide now gain access to Nomentia to take advantage of the scalability, reliability and agility of Azure to drive application development and shape business strategies.
HELSINKI, Finland — February 1, 2022 — Nomentia, a leading European provider of cash and treasury management solutions, today announced the availability of Nomentia Bank Connectivity as a Service in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. Nomentia customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.
“Nomentia is addressing some of the major challenges treasury, finance and IT teams are facing during the digitalization and transformation of treasury and finance processes. We not only take care of ERP integrations, but also offer unrivaled bank connectivity-as-a-service across the market. Adding Nomentia to Microsoft Azure Marketplace will help IT departments achieve desired connectivity between banks and internal systems, faster than ever before. Using Nomentia’s bank connectivity-as-a-service can significantly reduce IT burden and ensure treasury and finance departments can start building better processes to improve operations, data output quality, security and compliance assurance,” says Anna-Lisa Natchev, Chief Growth Officer of Nomentia.
“Through Microsoft Azure Marketplace, customers around the world can easily find, buy, and deploy partner solutions they can trust, all certified and optimized to run on Azure,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “We’re happy to welcome Nomentia’s solution to the growing Azure Marketplace ecosystem.”
The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure. The Azure Marketplace helps connect companies seeking innovative, cloud-based solutions with partners who have developed solutions that are ready to use.
About Nomentia
Nomentia is a category leader within European treasury and cash management solutions. Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers. Today, Nomentia is solving the challenges of modern treasurers and cash managers across 2,000+ businesses in over 80 countries, processing more than 800 billion euros annually. Nomentia solutions specialize in global payments, bank connectivity-as-service, cash-forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance. For more information, visit www.nomentia.com.
For more information, press only:
Anna-Lisa Natchev, Nomentia, Chief Growth Officer, +358 50 413 0704, [email protected]
Barbara Babati, Nomentia, Head of Marketing, +358 40 762 3356, [email protected]
Corporate Treasury Data Insights: trends in COVID-19 Refinitiv usage data
01-02-2022 | treasuryXL | Refinitiv | LinkedIn |
Andrew Hollins, Director of Corporate Treasury Proposition at Refinitiv, brings you a round-up of the latest Corporate Treasury Data Insights, including corporate treasury activity during COVID-19 illustrated through Refinitiv’s usage data, a Refinitiv report on ESG risk and whether carbon markets matter to COP26.
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Chart of the Month
Refinitiv’s usage data paints a fascinating picture of corporate treasury activity throughout the pandemic. As events unfolded, we saw interesting and distinct dynamics play out.
We’ve discerned three phases of the pandemic.
Phase 1: the survival phase
The standout feature of this initial period was the focus on credit risk data and analytics, highlighted by an unprecedented increase in usage of the Credit Default Swaps app – 155 percent in EMEA, and 120 percent in Asia and the Americas.
Demand for corporate financial data also grew strongly – notably company fundamental data (usage up 81 percent), private company data (usage up 33 percent), sectoral data, and peer analysis (usage up 113 percent).
Conversely, during this initial phase, we saw a distinct fall in demand for ESG and LIBOR-related data and analytics.
Phase 2: the cash and corporate health phase
From June to September 2020, activities aimed at boosting cash balances were very much apparent. Our data showed a notable acceleration in corporate debt issuance.
In addition, there was also another, even bigger, jump in demand for company fundamental data with usage of key ratios and cashflow data growing by 160 percent and 175 percent respectively.
Phase 3: return to ‘new normal’
Emerging from the pandemic demand for ESG data and analytics is once again rising strongly. Between December 2020 and March 2021, it has grown by 93 percent to stand well above pre-COVID-19 levels.
This trend is likely to continue its upward trajectory given the rapidly evolving regulatory and demand-led factors that seem to be driving the focus on sustainability.
Refinitiv unpacks more of our usage data insights in a new masterclass series produced in collaboration with TreasuryToday.
Log-in or register at TreasuryToday to follow the series
Refinitiv report: Risk mitigation and the pivotal role of ESG
The far-reaching consequences of COVID-19 have forever changed the risk landscape, and rising levels of third-party risk now demand urgent attention.
Persistent gaps in formal due diligence must clearly be addressed, but a broader sea change is needed: both financial institutions and corporates need to adopt a more holistic approach to risk management – one that incorporates environmental, social and governance considerations as a fundamental tenet of the risk mitigation process, rather than as a separate silo.
Read the report: Risk mitigation and the pivotal role of ESG
Why do carbon markets matter to COP26?
Carbon markets are a key tool for countries to cut their greenhouse gases and meet their Paris Agreement commitments.
The cost of polluting is rising in Europe, parts of North America, South Korea and New Zealand. Most likely it will do so in China, the latest country to launch a national emissions trading system.
Read the blog: Why do carbon markets matter to COP26?
Are U.S. labour markets healing?
The COVID-induced rigidities in the U.S. labour market are easing, but the labour market remains extremely tight, implying potential upwards pressure on inflation from wages.
What can the Beveridge curve tell us?
Inflation gets complicated
There are textbook ways for investors to beat inflation. Unfortunately, we do not live in a textbook world.
Inflation chatter is always a thing, but the shocks are now coming thick and fast.
Decades of globalisation had muted inflation, and the last time the Consumer Price Index (CPI) topped 5 percent was just over a decade ago.
Refinitiv Lipper explores
Refinitiv Corporate Treasury Newsbeat