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Banking

BankingRegional
April 24, 2024

The Big Picture: Why Bank Funding Changes Matter to Corporates

Putting a NeuGroup member question about fed funds credit lines in a broader context for banks and their clients. Corporations have been spending significantly more time and effort monitoring and mitigating bank counterparty credit risk since the collapse of Silicon Valley Bank in 2023. NeuGroup member companies have taken a variety of steps, with some limiting or eliminating their exposure to institutions other than large, global systemically important banks. At the same time, “banks, especially regional banks, are being pushed to reevaluate their funding…
Justin Jones
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BankingTechnology
April 24, 2024

From Banking Chaos to Order: Using TIS To Streamline Payments

How one global logistics company transformed its bank connectivity through the implementation of the TIS cloud platform. When the director of treasury solutions at a multinational corporate was tasked with leading a migration to a cloud-based ERP, he seized the opportunity to also implement TIS, which acts as a hub that centralizes bank connectivity and payment file generation. Previously, the company relied on a tangled web of bank accounts and users connecting to them mostly through bank portals and a few host-to-host…
Justin Jones
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BankingD&I
March 27, 2024

A Shared Vision for Diverse-Owned Firms: Verizon and Amazon

Treasury leaders at the two companies urge peers to aim high in providing meaningful opportunities to diversity firms. In the last several years, treasury team leaders at NeuGroup member companies Verizon and Amazon have stood out for their determination to provide meaningful opportunities and fee income in capital markets transactions to banks and brokerage firms with women, Black, Latino and veteran owners. These members have also been outspoken about how their actions in this sphere of influence align with wider corporate goals. A recent…
Justin Jones
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BankingCash & Working CapitalThe NeuGroup Insights Interview
February 28, 2024

C2FO’s CEO: Early Payment Proponent, Financial Friction Foe

The views of Sandy Kemper—entrepreneur, rancher and former bank CEO—on the Strategic Finance Lab podcast. C2FO CEO Sandy Kemper, in a Strategic Finance Lab podcast interview you can listen to now on Apple and Spotify, describes how the fintech he founded in 2008 provides fast, flexible access to low-cost working capital to suppliers, some of whom struggle to get bank loans. C2FO’s platform enables large corporations to pay their suppliers early in exchange for a discount set by the supplier. Mr. Kemper says early…
Justin Jones
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BankingTalking Shop
February 28, 2024

Talking Shop: Bank Criteria for Granting Deposit Rate Premiums

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Context: The Federal Reserve’s 11 increases in the fed funds rate since March 2022 have changed bank deposit dynamics. NeuGroup senior executive advisor Jerry Olivo, a former banker who leads NeuGroup for Regional Bank Treasurers, says the higher rate environment means institutions now have to compete for so-called sticky deposits as customers move money elsewhere.…
Justin Jones
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BankingCapital MarketsD&I
February 21, 2024

Shifting Tides: The Role of DEI Firms in Capital Markets

New NeuGroup Peer Research shows DEI firms enjoy support among corporates but face headwinds in the current ESG climate. A new NeuGroup survey reveals that 66% of corporate treasuries include diverse-owned firms in their capital markets deals, including bond underwriting, commercial paper (CP) and open market repurchase (OMR) programs. The survey, conducted in collaboration with Sustainable Fitch and the National Association of Securities Professionals (NASP) in December 2023, explored the level of engagement between treasury and diverse-owned firms.Shifting winds. NeuGroup members who responded to the survey cited…
Justin Jones
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BankingTechnology
February 21, 2024

Seeking Solutions, Pushing Banks for Change on Signer Management

As NeuGroup members unite to lobby banks, digital signer portals from Citi and J.P. Morgan create buzz. Frustration with the inefficiencies of tracking and updating signers on bank accounts has pushed some members of NeuGroup for Global Cash and Banking to form a subgroup to present a united front in asking banks for digital solutions and standards that will provide real-time visibility to signer data (Step 1) and, ideally, make it possible for that data to flow directly into treasury management systems…
Justin Jones
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BankingCash & Working CapitalTechnology
December 13, 2023

A Journey With J.P. Morgan To Improve Cross-Border Payments

How one member uses the blockchain-based JPM Coin System to streamline cash sweeping. One NeuGroup member whose company operates in Asia, North America and Europe faced a persistent issue with cash trapped in bank accounts after closing hours. To address the problem, he was invited to collaborate with Onyx by J.P. Morgan—and in the process helped shape a new infrastructure for instant payments built on the blockchain. The member, along with a small group of peers, worked with team members from…
Justin Jones
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BankingCash & Working CapitalESG
November 29, 2023

Cashing In: Trade Finance Fuels Working Capital, Boosts Sales

How HSBC helped an energy company optimize working capital, boost sales and keep a key client happy about payment terms. Earlier this year, the treasurer at a clean energy company found himself in a precarious position: he needed to get cash in the door faster to fund operating expenses, but the corporate’s annual revenue is heavily reliant on a few large clients who had negotiated long payment terms. At a recent session of NeuGroup for ESG, the treasurer dug into the…
Justin Jones
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BankingRisk Management
October 5, 2023

Creating a Plan B for Bank Failure

SVB’s failure has pushed the conversation about backup cash management banks to the forefront for more companies. Shifting business to a new cash management bank is a huge ordeal for corporate treasury teams, but concern about bank creditworthiness, triggered by the collapse of Silicon Valley Bank (SVB), is leading more treasuries to explore what’s required and how to set up a backup solution. Thirty-nine percent of respondents to NeuGroup’s Best Practices in Assessing Bank Counterparty Credit Risk Survey reported they are considering…
Justin Jones
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