BankingTalking Shop
September 16, 2021

Talking Shop: Selecting Signatories on Global Bank Accounts

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]. Member question: “The signatories on your global bank accounts are most accurately reflected by which of the following choices?” Treasury staff only.Treasury staff plus non-treasury staff in the region of the account.Non-treasury staff who are in the region of the account. Peer responses: Peer answer 1: “We have split the global treasury…
NeuGroup News
September 10, 2021

Connected by NeuGroup: NFT Frenzy

How NeuGroup aided in one member’s journey from crypto novice to NFT expert.   When one assistant treasurer had only six weeks to prepare for his company auctioning a nonfungible token (NFT), he had to become an expert—fast. So he turned to his fellow NeuGroup members for their expertise, advice and cautions, and turned his inexperience into a success story.  Peer group leadership. The member turned the leader of his peer group, who set up a meeting within a just a few days with two treasurers who had experience in the area.   “I got to talk to a few members and figure…
CryptoTechnology
September 9, 2021

Diving Into the NFT Deep End: Auctions, Crypto Risk and ESG Concerns

One AT helped marketing capitalize on the nonfungible token craze while minimizing financial and reputational risk.Amid all the buzz and flurry of headlines around nonfungible tokens (NFTs), the actual process of creating, selling and maintaining them is somewhat cloudy. When one NeuGroup member was thrown into the deep end by his company’s marketing team, he had only six weeks to swim his way to the surface and prepare treasury for a public NFT auction. NFTs are unique digital assets that…
Capital MarketsCash InvestmentsCrypto
September 9, 2021

Hunting for Yield With Crypto-based Lending Amid Regulatory Fog

Corporates seeking better returns on cash by lending crypto weigh falling rates and regulatory uncertainty.News this week that the SEC is investigating Coinbase Global over a lending program and may sue the company could have a chilling effect on corporates that were considering buying and then lending cryptocurrency to pick up yield. But the fact remains that corporate treasuries have been challenged for years to find investments in which to park cash that provide attractive, positive returns.And a small but increasing…
BankingTechnology
September 9, 2021

Tapping APIs to Power Better Bank Connectivity

Progress on connectivity with APIs starts with payments and administrative efficiency, GCBG members learned at a recent meeting.Members of NeuGroup for Global Cash and Banking got a realistic assessment of the state of bank connectivity with open APIs at a recent meeting sponsored by ION Treasury, a top provider of treasury management systems. ION’s perspective, an example from a member company and comments from a global bank considered ahead of the curve with APIs provided a view of the current…
FXRisk ManagementTalking Shop
September 9, 2021

Talking Shop: Measuring Counterparty Exposure on Outstanding Trades

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]. Member question: “For companies that trade derivatives on a non-collateralized basis, how do you measure your exposure to counterparties on outstanding trades (e.g., impact from one standard deviation movement?) and how is this factored into your overall counterparty risk assessment? “We are currently looking to move away from collateral postings on our…
NeuGroup News
September 8, 2021

Fall Into Second-Half Meetings With NeuGroup

As the weather starts to cool and the calendar changes, a look at what’s ahead.  NeuGroup’s second virtual meeting cycle of 2021 begins tomorrow, September 9, with a meeting of NeuGroup for Mega-Cap Treasurers, and will run for the next few months, gathering corporate treasurers and finance professionals from across the world to share and learn in the NeuGroup experience.  So what else lies ahead? Take a look at the member-only sessions coming just this month and visit our events page to learn more.  Around the group.  NeuGroup for Mega-Cap Treasurers. On September 9, mega-cap treasurers…
NeuGroup News
August 26, 2021

Connected By NeuGroup: Turbocharged

In an impromptu meeting of NeuGroup for Life Sciences Treasurers, members hashed out treasury organization structures.  “Connected by NeuGroup” is a phrase we use to describe one of the key benefits of being a NeuGroup member: the opportunity to reach out to peers on a topic of concern, whether directly or through our expert matchmaking peer group leaders.  Just recently, when one NeuGroup for Life Sciences Treasurers member reached out to a peer group leader with a question about treasury organizational structures, it led to a turbocharged, peer group-wide Connected by NeuGroup experience.  A super session. The session originated with a…
BankingTechnology
August 19, 2021

Send in the Robot: Automating Bank Account Signatory Maintenance

One corporate’s solution uses RPA and ServiceNow to solve the problem of updating signatories on bank accounts.Treasury teams at multinational corporations with scores of banks and hundreds of bank accounts often struggle to find out in a timely manner when the people who are signatories on those accounts—spread across the globe—change jobs or leave the company. That’s a problem. One member of NeuGroup for Global Cash and Banking recently described to peers how her company solved the problem by creating…
ESGInvestment Management
August 19, 2021

Leaning into ESG: How a Portfolio ‘Tilt’ Can Pay Off

State Street experts recommend how to optimize an investment portfolio for both ESG and credit quality. It’s a complicated world of ESG scores and standards, especially when managing an investment portfolio. At top of mind for NeuGroup members putting corporate cash to work: should they prioritize ESG performance or maximize returns? Hint: it’s not too much to ask for both. At a recent meeting of NeuGroup for Cash Investment 2, Will Goldthwait and Karyn Corridan, ESG investment experts from State Street Global…