2022 Year in Review
(16 January 2023 - Global) We take a look back at some of the top stories of the year as decided by our readers' views.
2022 was an interesting year in the world of Business Banking, and our list of the most read Banking News stories reflect that. Stories from all over the globe generated interest, with European stories garnering the most interest this past year.
So, our top read Banking News stories for 2022 were,
(21 March 2022 – Europe) Russia’s invasion of Ukraine is choking critical raw materials trade as the country is punished with economic sanctions, ratcheting up commodity prices as a result.
(4 May 2022 – Europe) What challenges must Banks overcome before the upcoming migration to the new global payment messaging standard ISO 20022 on 20 November 2022?
(17 March 2022 – Europe) Banks are increasingly exploring opportunities for using Artificial Intelligence (AI) and Machine Learning (ML) as the technology is expected to increase banks' operational efficiency and facilitate improvements in risk management, the Bank for International Settlements (BIS) reports.
(12 September 2022 – Global) Global economic stability continues to be disturbed by enormous ructions taking place between major foreign exchange (FX) rate pairs.
(19 May 2022 – Global) Stablecoins are facing a crisis following the loss of TerraUSD (UST)’s peg, creating unique challenges for payments projects using Blockchain / distributed ledger technology (DLT).
(4 July 2022 – Singapore) Blockchain based payments platform Partior is continuing to expand rapidly since inception in 2021.
(17 January 2022 - Global) Banks are increasingly vying to establish their ESG credentials in a very competitive marketplace, in the wake of the COP26 climate talks and as they look to differentiate in the year ahead.
(23 May 2022 – Australia) Westpac is working on a new institutional banking (IB) transactional platform with 10x Banking’s core technology.
(2 February 2022 – United Kingdom) Banks are increasingly vying to establish their ESG credentials in a very competitive marketplace, in the wake of last year’s COP26 climate talks and as they look to differentiate in the year ahead.
(25 July 2022 – United Kingdom) Financial services firms need to find a balance between a smooth onboarding experience for clients while complying with a growing list of rules, Len Williams reports for The Journal of the Chartered Institute for Securities & Investment (CISI).
We also covered some interesting topics in our own communications this year, the top of our communications were,
East & Partners Latest Global Insight Report, Exclusive Supply Chain Funding trends, challenges, digitisation and sustainability insights
No trend is more reliable than transaction banking (TB) retaining its much-vaunted position as the bedrock of commercial banking customer engagement and relationship management strength. Across cash management, payment processing and cross border payments, corporates start and finish their assessment of a Bank’s overall competence predicated on overall TB capability.
Anticipating unpredictable events is becoming an increasingly challenging yet crucial task for CFOs and Banks alike. If the COVID-19 pandemic has taught key decision makers anything, it is fostering greater flexibility, adaptability and resilience to weather uncertain periods of turbulence and prepare for the next crisis ahead.
A look into the share of mind major Asian banks have in the areas of Transaction Banking and Cash Management.
We detail product engagment in Foreign Exchange Risk Management Among Asian Businesses.
CBA is set to surpass NAB as the number one asset finance provider in Australia according to East & Partners latest Asset Finance Markets Program.
A look at disparity between Banks and Non banks being invited to pitch in ESG funding based RFPs in the North American Market.
Suppressed market confidence and extreme currency market volatility have combined to become increasingly problematic for British corporates conducting foreign trade, new research by industry analysts East & Partners shows.
In response to rapidly rising interest rates and stubbornly high inflation, US corporates are turning away from FX Options to Forward FX for hedging currency exposure, new research from East & Partners reveals.
In the most highly competitive Business FX market on the planet, major British banks including Barclays, Citi, HSBC and Lloyds are kings…for now..