Currency risk is a major worry for corporate treasurers, requiring specialized tools for hedging and accounting functions. "Achieving more clarity and efficiency in these processes through a solution that aggregates all the distinct steps of the treasury department's workflow has significant impact on a corporation's productivity, considerably reducing the time invested in manual tasks, as well as reducing or even eliminating the possibility of operational risks," according to Bloomberg.

More than 90% of paychecks in the US flow through the ACH network, meaning paper checks have largely gone to the wayside. Meanwhile, the use of same-day ACH is growing. "Direct deposit already provides workers with a choice to get paid without having to wait for a paycheck to clear. Ultimately, it's up to our payment system users -- businesses and consumers -- to make choices that best fit their needs," writes Jane Larimer.

Efforts by more than 120 countries to impose a fair tax on big internet companies are moving forward, said Jose Angel Gurria, secretary general of the Organization for Economic Cooperation and Development. "What we are seeing is a very strong and a very clear signal of wanting to find a multilateral solution," he said.

Blockchain holds promise for bringing efficiency to trade finance and the technology's potential is being embraced by banks, but execution remains a challenge. Despite numerous groups getting together to advance the technology, no single platform has risen above the rest.

The total of corporate debt with negative yields now exceeds $1 trillion, an unprecedented situation that's raising concerns over interest rate risk. Says Bianco Research founder Jim Bianco, "The financial system doesn't work with negative rates. If the economy recovers, the losses that investors would take are unlike anything they've ever seen."

Nearly three-fourths of institutional investors say equity markets peaked at the end of June, according to a Preqin survey. Around 6% of respondents believed equity markets are still growing.

US Treasury Secretary Steven Mnuchin said his department does not plan to intervene in currency markets "at this time." Any future intervention should be coordinated with the Federal Reserve and US allies, Mnuchin said.

Electronic invoice solutions are gaining traction, with 42.6% of respondents to a recent PYMNTS and Corcentric survey saying they currently use an e-invoice solution. Accounts payable automation has been an area of focus for companies and banks have responded with APIs and faster payment options.

Benchmarking is a key tool for business success, and technology is delivering new tools and data to help firms know how they stack up. Bank of America Merrill Lynch has created a unique database called PeerProfiler™ that takes benchmarking to the next level.