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  • Fintech is Here, and Treasurers Need to Get On Board

    May 22, 2017
    Fintech is a pretty broad term. I hear it pretty much everywhere I go these days, in reference to blockchain/distributed ledgers, cross-border payments, trade finance —pretty much anything that involves finance and technology. Hence the name ‘fintech’.
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  • Keys to Managing Global Transaction Banking

    Apr 27, 2017
    Given the populist movements across the globe, in particular the Brexit vote in the UK, the Trump victory in the United States and the looming elections in France, conducting business around the world is becoming much more complex. Add to that potential trade sanctions and it gets even more difficult.
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  • FinCEN Pushes FBAR Deadline Up to Tax Day

    Apr 13, 2017
    Deposit ratings are the latest instrument in rating agencies’ toolkit. They can be particularly useful for corporate treasurers, because they give you a better view of how vulnerable your bank deposits are.
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  • Check Yourself: Revisit Your Fraud Prevention Methods

    Apr 10, 2017
    Given the populist movements across the globe, in particular the Brexit vote in the UK, the Trump victory in the United States and the looming elections in France, conducting business around the world is becoming much more complex. Add to that potential trade sanctions and it gets even more difficult.
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  • AFP Executive Forum: Building a More Strategic Treasury

    Mar 29, 2017
    In the days since the financial crisis, the treasury function has gradually become more strategic. Amid all the turmoil in the financial markets and geopolitically around the globe, treasury executives have become more involved in different areas of the organization—some of which have next to nothing to do with the treasury function itself. It is against this backdrop that the AFP Executive Forum comes to New York.
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  • Deposit Ratings: Why Treasurers Need to Use Them

    Mar 09, 2017
    Deposit ratings are the latest instrument in rating agencies’ toolkit. They can be particularly useful for corporate treasurers, because they give you a better view of how vulnerable your bank deposits are.
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  • Europe Takes a Step Toward True Payments Standardization

    Jan 30, 2017
    Given the populist movements across the globe, in particular the Brexit vote in the UK, the Trump victory in the United States and the looming elections in France, conducting business around the world is becoming much more complex. Add to that potential trade sanctions and it gets even more difficult.
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  • Bank Fees: Policing the AFP Service Codes

    Jan 11, 2017
    I recently held a conference call with AFP’s Treasury Advisory Group to discuss the fee statements they are receiving from their banks. Generally, practitioners are frustrated because they are often unable to make accurate comparisons of the fees their banking partners charge.
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  • The Right Balance for Capital Structure

    Dec 28, 2016
    Setting an appropriate capital structure is a balance between maintaining the financial strength of the company and providing sufficient opportunities to create growth. Get it wrong and a bad decision on capital structure can result in a company losing control of strategy.
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  • Check Payments: Why 1% Matters

    Dec 19, 2016
    While it may sound insignificant, business-to-business (B2B) payments by check actually increased from 50 percent to 51 percent from 2013 to 2016.
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  • What Will Treasurers Be Working On in 2017?

    Dec 15, 2016
    As 2016 draws to a close, our members are turning their attention to the New Year. I’ve had a number of conversations with treasury professionals on the projects they’ll be focusing on in 2017.
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  • Treasury & Finance Executives Need to Incorporate Sustainability Into Their Roles. Here’s Why.

    Nov 30, 2016
    Corporate sustainability and social responsibility are no longer just something that sound good. Rather, they’re now front and center in corporate strategy—and even in risk management as well.
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  • BEC Scams: Why They’re Still Working

    Nov 30, 2016
    Whenever I hear that a company has been defrauded by a business email compromise (BEC) scam, it leaves me scratching my head as to how this simple, avoidable scheme is still working. These scams, which are also frequently referred to as CEO fraud, have been in play pretty regularly now for the past two years, and they’ve been well reported on. At AFP, we’ve certainly tried to do our part, releasing both a Treasury in Practice guide and an AFP Payments guide on these scams in the past year.
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  • Bank Relationship Management: 3 Lessons from Treasury Execs

    Nov 16, 2016
    Over the past several weeks, I attended AFP Executive roundtables in Minneapolis, Chicago, Boston and New York with treasurers from various industries and company sizes. A few key themes emerged as we discussed bank relationship management against the backdrop of a low yield environment, money market reform, and a concerned economic outlook with developing bank headline risk.
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  • Geopolitical Risk: A Growing Concern for Finance Execs

    Oct 17, 2016
    At the first AFP Executive Roundtable of this quarter, I asked the attendees whether they discuss geopolitical risk when they hold meetings on risk management issues. Everyone in attendance had something to say, so I suppose it’s fair to say that geopolitical risk is a key concern for treasury and finance executives.
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  • Sibos Wrap-Up: The Corporate Treasury View

    Oct 12, 2016
    What makes the GPI interesting for corporates is that it enhances the functionality of the existing payment rails for cross-border transactions. What makes this very appealing is the potential of easy adoption. Changes to payments system set-ups can be expensive for corporates, and therefore something to stay away from. But since the GPI uses existing rails, adoption may not be too complex or expensive.
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  • Two Words to Describe Today’s Treasury Environment? Chaotic and Fragile.

    Sep 28, 2016
    His job as treasurer, a role he’s held for almost five years, he said that not only is he in charge of treasury and all that goes with it, but he also has responsibility for IR, ERM, real estate and risk insurance. I said I thought he was a lot more than treasurer! All this has happened to his role since the financial crisis. It has grown in responsibility and importance in the company dramatically over that time.
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  • Time to Speed Up Cross-Border Payments?

    Sep 23, 2016
    Corporate treasurers and payments gurus alike have to have taken note of the abundance of faster and real-time payments initiatives currently under development around the globe. Certainly one of the most interesting programs out there is SWIFT’s new Global Payments Innovation Initiative (GPII), which is intended to streamline cross-border payments.
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  • Real-Time Payments: Would a Giro System Work in the U.S.?

    Sep 07, 2016
    Even with all the technological advancements in payments, about 50 percent of B2B transactions in the United States are still done by paper check. The U.S. of course also has the ACH system which transfers funds between accounts, but nevertheless, check use remains prominent.
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  • AFP Members Unlikely to Move Much Money Out of Prime Funds

    Aug 05, 2016
    How much cash will move out of prime money market funds before October? This is a question I’m often asked recently from the press. It’s hard to say, but what I can tell you is much of the money invested in prime funds has left and probably isn’t coming back. ICI reported that institutional prime fund balances have decreased to $990 billion—the first time since 1999 that it was lower than $1 trillion. Where are these flows coming from?
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