Gilly Wright

North American multinationals lost $34.25 billion in the third quarter due to currency volatility while their European counterparts reported $3.02 billion in FX-related losses.

Asset tokenization has real potential to transform issuance settlement.

Sibos participants cited regulatory obstacles, skills gaps, outdated ways of working, legacy technologies and core systems, difficulties extracting and analyzing customer data as hurdles to the bold plans for digital transformation.

The hiring will also include software developers and data specialists who will work with BBVA’s Client Solutions, Architecture and Data teams on the design, development and deployment of global and reusable components that support the creation of functionalities for retail and corporate clients.

 The company and other giant petroleum refiners face an uphill battle after a US Congressional committee released documents revealing that their executives and staffers contradicted their public statements regarding their sustainability goals.

According to the bank’s internal projections, Marcus will lose more than $1.2 billion in 2022.

Goldman Sachs Transaction Banking’s global head of product and sales, Eduardo Vergara, shares his thoughts on why engineering talent and client feedback are vital to cloud-based corporate banking success.

Technology standards pay off big.

Soon Chong Lim, group head of Global Transaction Services at DBS, discusses how banks help treasuries make the most of new technologies.

Liz Truss is promising tax cuts during an inflationary crisis.

Companies are introducing circularity to their supply chains to mitigate human impact on the global climate.

Foreign banks are pulling back from the Irish market amid regulatory tightening.

The Cloud has become a must for traditional financial institutions, who are increasingly viewing it a key tool for innovating and achieving business goals.

New capabilities are bringing speed to banking while simultaneously expanding access. Global Finance recognizes outstanding innovations in local and regional markets around the world.

Company investigations are underway of CFO Jorge Gomez by both of his former employers, Moderna and Dentsply Sirona.

As pandemic response continues to reshape human behaviors and attitudes, banks are strengthening in-house innovation teams and tapping broader networks to stimulate fresh ideation in financial services.

Elon Musk’s plans to make Twitter an open forum for speech may be a double-edged sword. 

CaixaBank CEO Gonzalo Gortázar explains how innovation is helping banks plan for future financial needs.

Piyush Gupta, CEO of DBS Bank, reveals how investing in staff and growth-stage technology companies will help meet Asia’s future financial needs.

Banco Popular Dominicano CEO Christopher Paniagua advocates innovation to develop an “orange economy.”

Newly minted CEO Taro Shimada—formerly Toshiba's chief digital officer—will try to revive the company's fortunes.

European nations opt for nuclear, oil, and gas to reduce their dependence on Russian energy which helps finance their war effort in Ukraine.

Bots give straight-through processing a leg up.

The economic uncertainties of the past few years have made cash forecasting far from an exact science—but it’s more important than ever. 

Fragmented payment systems and a lack of standardization have hindered the cash management efforts of companies in the Middle East, but this looks set to change.

Digitalization and automation blaze a path to post-pandemic profitability.

Integrated offerings morph from luxuries to staples.

Eva Bueno, global head, cash management for Global Transaction Banking at Santander, explains how payments innovations help local businesses cope with Covid-19’s impact while providing flexible operations.

AI, big data and cloud computing sharpen forecasting accuracy.

New offerings make corporate treasuries far nimbler.

Digitalization furthers financial optimization and brings inclusion to the continent.

The move follows similar stock market listings of Geely-owned foreign marques, including Volvo Cars, which floated in Stockholm last year.

Western companies and Russian oligarchs look to divest themselves of assets albeit for very different reasons.

The sale of UK-based microchip designer Arm to Nvidia was scrapped due to significant regulatory hurdles.

The companies’ fortunes have been intertwined since the 1930s.

Frank Tezzi, vice president of Trade & Supply Chain at CGI, explains how technology can help banks by bringing efficiencies to trade finance.

According to S&P Global Market Intelligence, cheap debt, strong corporate valuations and a stronger-than-expected recovery from the first waves of the pandemic drove deal-making into record-breaking territory.

Bruno François, deputy global head of Trade Finance and Network Management at BNP Paribas, flags the biggest trade finance challenges facing companies today.

Global Finance names this year’s best trade finance providers in the world.

Breaking with tradition, Volvo opts for an outsider to the automotive industry.

After a year of challenges for the global FX market, the pace of change hasn’t slowed.

Global Finance honors this year’s best corporate FX providers.

Volatile markets spur innovation.

Amazon gets hit with a $1 billion fine by the Italian government for anti-competitive practices.

Sony Group Corporation (SGC) won Global Finance’s Best Company in the World for Foreign Exchange Management award for the successful implementation of its Metro global treasury management system, which supports all SGC business segments—except financial services—worldwide.

The pandemic caused bank clients worldwide to shift to online usage—a boon to banks that were prepared.

Naveed Anwar, global head of Digital Treasury & Trade Solutions at Citi, shares his thoughts on the digital requirements of corporates.

Berlin will be the home to Sber's first R&D facility outside of Russia.

Alexander Vedyakhin, first deputy chairman of the executive board at Sberbank, shares the Russian bank’s strategy on using data to deliver personalized services.

Alibaba Cloud is expanding into Malaysia, Philippines, South Korea and Thailand.