Contents Up front
6 BOOK EXTRACT
In her new book, Marion Laboure explains how fintech is tackling financial exclusion
8 CHINA FOCUS flow reflects on China’s growth trajectory and how Deutsche Bank has come of age in the region
16 INDIA FOCUS
A look at the investment inflows and sound fundamentals that have turned India into a titan economy
18 US UPDATE Insights from the US Deutsche Bank Research team on fighting inflation and the risk of recession
Cash
Management 20
Trade Finance and Lending
42 GHANA RAIL This remarkable deal saw banks and ECAs collaborate to upgrade Ghana’s rail network
46 TRADE SUSTAINABILITY Economist Rebecca Harding shares her method for measuring the sustainability of trade
20 AZENA
Revamping the digital payment strategy of an IoT-based security equipment start-up
24 PAYMENT FRAUD
An analysis of the latest fraud patterns and how banks can help to protect their clients
28 ISO 20022 flow looks at the long- term vision for the new global payment standard
32 CBDC DEBATE
Four corporate treasury professionals discuss the potential of central bank digital currencies
38 WHITE PAPER
Outlining four themes on the future of working capital finance
8
Cover illustration: Gary Neill
40 EDITOR’S SELECTION Three essential cash management articles
flow is published annually by Deutsche Bank Corporate Bank
Deutsche Bank Corporate Bank Christoph Woermann Clarissa Dann Desiree Buchholz Sandy Klein
50 KNORR-BREMSE
How one company combined the strengths of its treasury and procurement teams
52 BIG PICTURE
Unpacking the critical commodities powering our electric vehicles
54 WHITE PAPER
Rethinking Europe’s commodities procurement strategies
56 EDITOR’S SELECTION More top trade finance and lending insights
62
62 SETTLEMENT COMPRESSION flow looks at the benefits and risks of reducing trade settlement cycles
64 SAUDI CAPITAL MARKETS Deutsche Bank’s Manoj Aidasani explores Saudi Arabia’s new capital markets infrastructure
The majority of world trade is currently unsustainable
Dr Rebecca Harding, trade economist and CEO of Coriolis Technologies
Wardour
Fred Heritage Rob Patterson
66 WHITE PAPER
Examining the role of new digital assets in securities, and what they mean for custodians
68 EDITOR’S SELECTION Essential reading from the world of securities services
For more information about flow, please email
corporate.bank@
db.com
To review the full list of sources please see the online and app versions of each article.
All rights reserved. Reproduction in whole or in part without written permission is strictly prohibited. flow is printed on Nova Tech Matt paper, which is sourced from responsible sources.
4
Securities Services
58 REGULATORY OUTLOOK A summary of the key regulations and reforms driving change across securities services
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92
