AGP Executive Report
Last update: 5 hours agoPublic Payments Upgrade: UK’s GOV.UK Pay is switching payment processing from Stripe to Adyen for non-Crown card payments and pay-by-bank, with about 1,000 services migrating as GDS modernises public-sector payments. Treasury Tech Push: Lorum is adding yield-bearing capability to its cash management for institutional treasurers, aiming to put money movement, custody, FX and yield into one account. Cross-Border Cost Shock: Airwallex research says legacy B2B payment systems are draining $330bn a year in working capital globally, with correspondent banking fees, FX spreads and slow settlement driving the “Global Growth Tariff.” Antitrust Watch: Apple agreed to submit India financials to the antitrust regulator in a long-running case that could lead to penalties. Central Bank Gold Rumor: India’s finance ministry denied claims the RBI sold ~$12bn of gold, pointing to unchanged physical holdings in RBI’s own reporting. Stablecoin/Tokenization Moves: Franklin Templeton and MoonPay Trade partnered to let eligible institutions move between stablecoins and tokenised money market fund exposure onchain. Local Finance Pressure: Johannesburg’s SCOPA chair says the city’s issue is not debt, but residents’ non-payment, delaying key infrastructure projects. Corporate Finance Appointments: Broadridge named Kunimi Yatani as Premier Account Leader for Japan to deepen client engagement.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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