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The KYC burden on corporates

It is mandatory for financial institutions to investigate whether cash is being used for money laundering, financing terrorists and criminal activity. Criminals exploit any situation to pursue their damaging activities and the recent increase of cybercrime shows that the COVID-19 situation is no exception. The purpose of KYC (Know Your Customer) is to protect the global financial system from being used for fraudulent activities. Banks play a key role in identifying suspicious transactions. To determine whether a transaction is suspicious, banks need to know their clients and their possible changed activities. The flip side, however, is that the KYC burden on corporates has already increased since the previous (financial) crisis. Will the KYC burden further increase or are there ways to release the burden?

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A streamlined way to deliver your digital treasury strategy

The importance and benefits of delivering a digital strategy for treasury operations are well understood. For many organizations, however, there is a significant barrier that may prevent them from being able to successfully implement. In this article, we discuss how to overcome that barrier, resulting in an accelerated process to achieve a true smart treasury function at lower overall cost.

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Global optimization in a world of ‘slowbalization’

Treasury optimization in Asia, Part IV

Compared to their Western counterparts, Asian corporate treasuries have had to grow and learn to react to business complexities and changes in their environments very quickly. Western corporations have had the ‘luxury’ of adapting over a longer period, while Asian treasuries have worked hard to catch up and match their levels of maturity and integration. In this fourth and final part of our series on treasury optimization in Asia, we look at global optimization.

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SAP responds to IBOR reform

Roadmap of alternative risk-free rates

While the COVID-19 pandemic has placed pressure on the global IBOR Reform timelines, corporates should remain on course with their IBOR transition plans with regards to their treasury technology providers.

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Bank connectivity – Making the right choices

In this article we explore some methods to connect corporate ERP or treasury systems with partner banks. In addition, it explores some trends on how SWIFT is accessed and covers SAP’s Multi-Bank Connectivity tool.

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