The Corporate View: Tackling the Cybersecurity Threat

The UAE is the eighth most cyber-attacked country in the Middle East and Africa region. With attacks becoming increasingly complex, understanding the nature of current threats is pivotal to their prevention.

The EU and UK negotiators have now agreed on a withdrawal agreement. As the deadline for Brexit approaches, however, one thing is becoming clear: a painless deal is not an option for either side.

The extremely low interest rate environment and uncertainty around future interest rate cuts are posing a growing challenge for treasurers sitting on relatively large cash piles. However, if treasurers are prepared to consider an ultra-short-duration strategy, investors can potentially garner returns above those offered by MMFs, while remaining in a low-risk solution.

The SWIFT KYC Registry for corporates is a new central repository for standardised KYC information that will address current inefficiencies. It provides a secure self-service repository, simplifying the way that multi-banked corporates exchange and maintain their KYC due diligence details with their banks.

Joerg Wiemer, CEO, Treasury Intelligence Solutions (TIS) talks to the Editor about how centralising sanctions screening, and integrating it into the payment process, can help to keep corporates safe from compliance breaches.

Currency volatility in Africa is being fuelled by unprecedented economic shifts in global markets. Given that most African economies have fragile economic fundamentals, weak growth and high fiscal risks could hinder their ability to benefit from the currently on-going global rate cutting cycle.