Digital Transformation in Treasury
Virtual Accounts: The Good, the Bad, and the Fuzzy
Virtual bank accounts (VBAs), or rather the idea of virtual bank accounts, has been trending for many years now, with major global banks heavily investing and preaching to convert their customers. But are virtual bank accounts really the miracle solution that treasurers across the world have been waiting for? And if so, why is the current adoption rate still so low?
LIBOR rates: transition has begun
Simon Berta details the different impacts of the LIBOR’s replacement in credit facilities, whether they are existing credit facilities with maturities spanning over 2021 and beyond, or new facilities to be implemented this year.
“We had an immediate return on investment on our bank fee monitoring software”, Frédéric Capraro – RTL Group
Bank fee analysis continues to be an obstacle for treasurers. How can global companies leverage technological innovations to improve visibility of bank charges?
Treasury Key topics in 2021
While the massive roll-out of vaccines against Covid is raising hopes that the ongoing global health crisis will soon be resolved, there’s still considerable uncertainty about the long-term consequences of the pandemic on the economy. CFOs and treasurers will need to be resilient and act with rigour, innovation and boldness to seize the opportunities to be found in 2021.
Farewell 2020: a look back at our best articles
As we bid farewell to what was a year like no other, we look back at some of our articles from last year that provided our innovative points of view on matters related to finance and treasury.
The NEU CP market: the place to be, but what’s the best way to access it?
If you use the NEU CP market, you can stop drawing on your bank lines, keep them as backstop lines, and issue commercial paper at a zero or even a negative rate and at very low cost in terms of legal documentation, writes Muriel Nahmias, senior director at Redbridge.
Transitions in the global payments market
The world often appears large and disconnected, with differences of religion, culture, language and currency that reinforce our independence. Despite these perceived differences, we are, in reality, linked closely together. Our points of connectivity expand with each technological advancement –write Justin DiCioccio, Redbridge Senior Analyst, and Constance Veron, Redbridge Associate Director.
“Switching banks was the right decision”, Olivier Bouillaud – Albéa
Packaging specialist Albéa has completely redesigned the local organization of its financing and treasury operations in the United States. This interview with the Group’s finance and treasury director, Olivier Bouillaud, provides insights on switching banks.
“Large card networks remain essential elements of the pipeline, but they have not moved much as yet.” Charles Lutran – Critéo
Interview with Charles Lutran, Group Treasurer at Criteo
For vendors, the implementation of SCT Inst is not so simple
Redbridge interviewed seven treasury software vendors on how their payment systems need to evolve in order to integrate instant transfers. Solenn Le Lay, Director at Redbridge, focuses on the challenges of providing this new payment method for businesses.
SCT Inst: payment service providers dependent on banking institution account holders
There are still obstacles to instant transfer payment, including a lack of harmonization and standardization at the European level regarding banking APIs (application programming interfaces). Nevertheless, payment service providers (PSPs) wish to innovate and develop a wide range of solutions to meet the needs of their customers, says Manon Balette-pape, Director at Redbridge.
Phygital payment – “Cash is e-king!”
In Europe, several companies are developing a strategy to integrate cash as a payment method for online transactions. A review of these solutions by Gabriel Lucas, Associate Director at Redbridge.
Factoring: a market driven by deconsolidation / “true sales” transactions of trade receivables
Biggest companies using deconsolidation transactions under established and recurring factoring programs or end-of-year or half-year “spot” transactions earn an average of at least 0.3x leverage, according to our experts Hugo Thomas and Olivier Talvard.
More mobile, more digital: an outline of the future of payments
The pandemic has demonstrated the value of mobile payment solutions in helping mitigate the risk of virus transmission at points of sale. For Mélina Le Sauze, Director at Redbridge, the challenge for every retailer is no longer whether or not to accept mobile payment solutions, but to determine without delay which ones are best suited to their business and the needs of their customers.
“We are ready to implement the 3DS V2 standard in early 2021,” Olivier Brou – SMCP
At the end of 2015, the SMCP group – Sandro, Maje, Claudie Pierlot and De Fursac – decided to migrate its e-commerce platforms to a full-service PSP solution. Olivier Brou, SMCP’s Global Head of Treasury Financing and Digital Payments, outlines the foundations of the group’s unified digital payment strategy and the challenges it’s likely to face in the future.