AI agents could gradually change how corporate treasurers manage cash, reducing the inertia that keeps large balances in low-yielding bank accounts and putting pressure on banks’ deposit funding.
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The Fed and ECB have both hiked, the Bank of England held on a 6-3 split, and equities hit record highs, all against a backdrop of sticky inflation, ongoing conflict and tightening liquidity that points to rates staying higher for longer.
Markets remain focused on rising oil prices and their impact on interest rates. Brent crude has climbed above $90 as tensions in the Gulf region intensify, reversing expectations of slower rate hikes following weaker-than-expected US jobs and wage data.
Following a split FOMC vote and stubborn inflation, Nigel Owen and Glen Stone explain why the market is now leaning toward a September hike rather than a cut.
Kevin Cook explains the founding principles behind TreasurySpring's One+ product and the non-negotiable rules, like never selling products the founders wouldn't buy themselves, that have guided the platform since day one.
Richard Draper explains how TreasurySpring has opened up the multi-trillion-dollar repo market, previously reserved for large banks, to a much wider range of cash investors through secured short-term cash products.
Kevin Cook traces his own confusion the first time he encountered the term 'repo' back in 2006, and uses it to explain why the repo market is such a fundamental, if poorly understood, building block of finance.
TreasurySpring hires John Bentley, formerly of HSBC Asset Management, as Head of Sales to lead its expansion.
A Treasury Today feature on Kevin Cook's case for short-term cash products as the first genuinely new product in cash management since money market funds emerged in the 1970s.
TreasurySpring closes a GBP2m round led by ETFS Capital, taking total funding past GBP3.5m just as its short-term cash product platform starts to scale.
TreasurySpring publicly launches its short-term cash product platform after a beta phase that issued more than $400m, opening up wholesale money markets to a much broader range of cash-rich firms.
TreasurySpring finishes in the top three of Money20/20 Europe's fintech startup competition, the only B2B finalist in the field.
TreasurySpring appoints Tom Ryan, previously a Partner at Anthemis Group, as its first Global Head of Partnerships.
Rabobank completes a series of blockchain pilots worth over EUR2bn in commercial paper trades on the Ubermorgen platform, showcasing real-time settlement for traditional money-market instruments.
TreasurySpring integrates its short-term cash products into ICD's money-market portal, giving treasury teams one more place to access its 1000+ products alongside consolidated reporting.
