Treasury services

Flat returns for Canadian DB pension plans in Q3 amidst equity market losses

Retrieved on: 
Monday, October 31, 2022
Universe, Treasury services, MSCI World, TSX, Pension, Communication services sector reshuffle, MSCI, Russo-Ukrainian War, Real estate, RBC, Communication, Consumer, Weakness, COVID-19, Security (finance), Q3, Energy

Economic uncertainty remains high and pension fund managers are preparing for ongoing market volatility as the weight of these pressures continues to be felt."

Key Points: 
  • Economic uncertainty remains high and pension fund managers are preparing for ongoing market volatility as the weight of these pressures continues to be felt."
  • DB pension plans' foreign equities returned -1.1%, slightly behind the MSCI World Index, which returned -0.1%.
  • Canadian equities held by Canadian DB plans returned -1.2% over the quarter, slightly ahead of the TSX composite's -1.4% return over that period.
  • Fixed income securities held by Canadian DB plans returned 1.1% for the quarter, but were down 17.5% on a year-to-date basis.

BNY Mellon Launches New Payment Platform Vaia for Payee-Choice Disbursements

Retrieved on: 
Monday, October 24, 2022
Time, BNY Mellon, Disbursement Acceleration Program, BK, LLC, NYSE, Newsroom, Twitter, Investment, Technology, Company, CEO, Treasury services, RTP, Clearing house, Bank, Solution, Financial services, Vaia

NEW YORK, Oct. 24, 2022 /PRNewswire/ -- BNY Mellon today launched Vaia, its new aggregated payment platform that gives US-based institutions access to the latest digital payment options for disbursements.

Key Points: 
  • NEW YORK, Oct. 24, 2022 /PRNewswire/ -- BNY Mellon today launched Vaia, its new aggregated payment platform that gives US-based institutions access to the latest digital payment options for disbursements.
  • Vaia leverages BNY Mellon's Account Validation Services to verify payee identities and validate accounts end-to-end, helping to mitigate payment fraud and deliver a safe and efficient payment process.
  • Vaia is currently available to BNY Mellon clients in the US, with plans to support cross-border payments in future roll-out phases.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

Business Adoption of Emerging Electronic Payment Tools is on the Rise, Aite-Novarica/BNY Mellon Report Shows

Retrieved on: 
Thursday, October 6, 2022
Transfer, Adoption, Growth, BNY Mellon, BK, Organization, Newsroom, NYSE, Twitter, Investment, Treasury services, RTP, Global Payments, Bank, Cryptocurrency, Mobile phone, Online gambling

Cryptocurrencies tipped as a game changer for payments shows growth mainly forecasted among existing users.

Key Points: 
  • Cryptocurrencies tipped as a game changer for payments shows growth mainly forecasted among existing users.
  • "No single payment method is emerging as the preferred solution and that fragmentation is likely to continue for some time before we see any consolidation in payment types."
  • BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

Roberts & Ryan Investments Inc., America's First Service-Disabled Veteran-Owned Broker-Dealer, is Pleased to Welcome Robert Gelnaw as Its New MD/Head of Debt Capital Markets

Retrieved on: 
Tuesday, August 23, 2022
Treasury services, University, Veteran, SDVO, Business administration, TMT, Purple Heart, Utility, Global Payments, HSBC, Chase Bank, Broker-dealer, GLOBE, Robert Ryan, Foundation, Mental health, FINRA, American Head, Security (finance), Management, New York University, Economics

His deep expertise in critical strategy and portfolio growth, aligning high profile stakeholders, is focused primarily in public/private capital markets, middle market lending and credit risk management.

Key Points: 
  • His deep expertise in critical strategy and portfolio growth, aligning high profile stakeholders, is focused primarily in public/private capital markets, middle market lending and credit risk management.
  • Prior to joining Roberts & Ryan, Mr. Gelnaw served as the North American Head of Debt Capital Markets at HSBC.
  • Leading a team of 35 professionals, he managed a portfolio of more than 60 clients, generating numerous cross-border capital raises in multiple currencies.
  • His extensive experience and distinguished career in global capital markets will be a tremendous asset to Roberts & Ryan.

Official Representatives of Max Express LLC Participated in the Discussion of the 'Instant Payments' Project of the Instant Payments System of the National Bank of Georgia

Retrieved on: 
Thursday, August 18, 2022
Bank of Georgia, PSP, Instant payment, Ministry, CEO, Legislation, National bank, Treasury services, Bank

Tbilisi, Georgia--(Newsfile Corp. - August 18, 2022) - Official representatives of Max Express LLC participated in the discussion of the 'Instant Payments' project of the instant payments system of the National Bank of Georgia.

Key Points: 
  • Tbilisi, Georgia--(Newsfile Corp. - August 18, 2022) - Official representatives of Max Express LLC participated in the discussion of the 'Instant Payments' project of the instant payments system of the National Bank of Georgia.
  • "The discussion of the 'Instant Payments' project of the instant payments system of the National Bank of Georgia provided an opportunity to get acquainted with new approaches to the digital payment system based on new IT technologies," says Meri Dzhangveladze, CEO of Max Express LLC.
  • Max Express LLC is a non-banking financial institution from Georgia licensed by the National Bank of Georgia as a payment service provider under no.
  • In addition, Max Express LLC was licensed by the National Bank of Georgia as a payment service provider.

Canadian DB pension plan quarterly returns tied for lowest in three decades

Retrieved on: 
Friday, July 29, 2022
Universe, RBC, Corporation, FTSE, COVID-19, United States Treasury security, Government, Information technology, Treasury services, YTD, S&P/TSX Composite Index, News, MSCI, Cryptocurrency, Security (finance), Q2

TORONTO, July 29, 2022 /CNW/ -Canadian pension plans delivered negative returns in public market asset classes across the board this past quarter, according to the RBC I&TS All Plan Universe.

Key Points: 
  • TORONTO, July 29, 2022 /CNW/ -Canadian pension plans delivered negative returns in public market asset classes across the board this past quarter, according to the RBC I&TS All Plan Universe.
  • Global economic health concerns, stock market selloffs and rising bond yields weighed heavily on defined benefit (DB) pension plan assets, which decreased by 8.6% for the second quarter of 2022, bringing year-to-date total returns to -14.7%.
  • This was the most significant decline since Q3 2008, when assets also fell by 8.6%, at the time breaking the record for the lowest quarterly return RBC had ever reported since it began tracking Canadian DB plan performance and asset allocation in 1994.
  • Canadian equities kept pace with their global counterparts and again outperformed the benchmark, losing 11.3% for the quarter (-8.1% YTD).

Reference Point Celebrates 20 Years of Service to the Financial Services Industry

Retrieved on: 
Tuesday, July 12, 2022
Technology, Integrity, Capital market, Creativity, Leadership, Investment management, Solution, RP, Reference Point, Partner, Organization, Digital, Consultant, Delta Brac Housing Finance Corporation, Data Analytics Acceleration Library, Treasury services, Soundscape Digital Technology, Integration Reference Point, Drive, Compliance, Retail banking, Industry, Financial services, Risk, Sales, Management, Insurance

NEW YORK, July 12, 2022 /PRNewswire/ -- Reference Point, a leading strategy, management, and technology consulting firm focused on delivering impactful solutions for the Financial Services industry, is thrilled to celebrate its 20th Anniversary this month.

Key Points: 
  • NEW YORK, July 12, 2022 /PRNewswire/ --Reference Point, a leading strategy, management, and technology consulting firm focused on delivering impactful solutions for the Financial Services industry, is thrilled to celebrate its 20th Anniversary this month.
  • "Our unique approach to consulting engagements links back to 2002 when our Founding Partners launched Reference Point to serve an unmet need in the industry.
  • Twenty years later, Reference Point is continuing to disrupt the consulting industry with dynamic expert-led services that redefine what consulting engagements look like and our offering have expanded significantly.
  • Reference Point is a strategy, management, and technology consulting firm focused on delivering impactful solutions for the financial services industry.

BNY Mellon Names Dermot McDonogh as Next Chief Financial Officer; Emily Portney to Lead Treasury Services, Credit Services, and Clearance & Collateral Management Businesses

Retrieved on: 
Wednesday, July 6, 2022
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Ms. Portney will then assume a new role leading the company's Treasury Services, Credit Services, and Clearance & Collateral Management businesses.

Key Points: 
  • Ms. Portney will then assume a new role leading the company's Treasury Services, Credit Services, and Clearance & Collateral Management businesses.
  • Ms. Portney will continue to report to BNY Mellon's CEO and serve as a member of the Executive Committee.
  • "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY Mellon.
  • "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments.

Aryza announces the launch of Aryza North America

Retrieved on: 
Thursday, June 23, 2022
Technology, Banking in Canada, Compliance, CEO, First Data, CIBC, Efficiency, Treasury, Royal Bank, Human, Insolvency, Group, Treasury services, Bank, Onex

DUBLIN, June 23, 2022 /PRNewswire/ -- Aryza announces significant changes to the management team and expansion into new markets to support insolvency and lending businesses.

Key Points: 
  • DUBLIN, June 23, 2022 /PRNewswire/ -- Aryza announces significant changes to the management team and expansion into new markets to support insolvency and lending businesses.
  • Stephanie Harper will be stepping down as Chief Executive Officer of Aryza Canada on 30th June 2022 but will continue her involvement with Aryza as a non-executive Director and a strategic advisor to the Group.
  • The focus in Canada and North America will be to consolidate the position in the Insolvency sector while bringing select web based Aryza products across the credit lifecycle.
  • The opportunities are endless, and I am pleased to be joining Aryza at such an exciting time for the group."

Setpoint Emerges From Stealth With SaaS Platform, $615 Million to Power 21st-Century Real Estate Transactions

Retrieved on: 
Wednesday, June 1, 2022
Treasury services, National Association of Realtors, Hotel manager, COO, OCR, Property, CEO, CoreLogic, City, Organization, National Association, Treasury, GLOBE, Risk, Technology, Facility management, Homeward, Buyer (fashion), Industry, Collection, Software as a service, Housing, Bank, Online shopping, Real estate, Set point

Together, Setpoint powers the "Buy with Cash" and "Buy Before You Sell" purchasing options that are trademarks of alternative real estate models, including "Power Buying", "iBuying", "Fractional Ownership", and others.

Key Points: 
  • Together, Setpoint powers the "Buy with Cash" and "Buy Before You Sell" purchasing options that are trademarks of alternative real estate models, including "Power Buying", "iBuying", "Fractional Ownership", and others.
  • "Further, with Setpoint's technology, Flyhomes is able to fund transactions in a matter of hours, not days or weeks.
  • "Setpoint is exclusively focused on modern real-estate transactions like bridge funding, fractional ownership, and home equity platforms.
  • We believe modern real estate financing products will make buying or selling a house faster, easier, and more accessible to everyone."