PYMNTS

SEPTEMBER 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers. Additionally, SBM customers can get preferential personal banking services, such as better rates on savings accounts with monthly interest payouts and competitive foreign exchange rates, the bank said. .

Banking 60

Banking Foreign Exchange Invoicing Securities 60

PYMNTS

SEPTEMBER 14, 2018

Foreign exchange solutions company OFX is expanding its services in the U.K. 13) that its Global Currency Account is now available to importers and exporters in the U.K. According to OFX, businesses buying and selling internationally would typically have to open bank accounts in multiple jurisdictions.

Accounting 40

Accounting Foreign Exchange Currencies eCommerce 40

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. has secured $80 million in new funding at a $5.5 Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. In June, Revolut added American Express to its open banking platform.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

PYMNTS

SEPTEMBER 4, 2019

B2B Pay plans to roll out API-enabled banking services, the ability to create an unlimited number of International Bank Account Numbers (IBANs), credit card processing and solutions related to cryptocurrency. bank Barclays announced support for B2B Pay as part of its Tel Aviv Barclays Accelerator program. In 2016 U.K.

B2B 59

B2B Banking Foreign Exchange Pharmaceutical 59

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. SMBs that nearly half (48 percent) said they don’t believe technology will impact their business.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

CFO News Room

JANUARY 25, 2023

In the early days of the COVID pandemic, the Federal Reserve and central banks around the world pulled out all the stops. A prime example of those are small banks that face considerable and/or unpredictable seasonal business fluctuations. It began with a massive conventional war in southern Europe, which led to rising global tensions.

Economics 130

Economics Foreign Exchange Finance Treasury 130

PYMNTS

AUGUST 22, 2018

is expanding the Sapphire credit card brand into new areas of personal finance, including checking accounts. According to a report in Reuters citing the company, the bank will change the Chase Premier Platinum accounts to Sapphire Banking accounts. JPMorgan Chase & Co.

Accounting 40

Accounting Foreign Exchange Entertainment Banking 40

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

Foreign Exchange 84

Foreign Exchange Currencies Securities Numbers 84

PYMNTS

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. Open Banking Targets Corporates.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

JANUARY 16, 2020

Small to medium-sized businesses (SMBs) need more support from their banks than ever to handle today’s increasingly fragmented global economy. Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations running smoothly.

Banking 52

Banking Foreign Exchange Startups B2B 52

PYMNTS

OCTOBER 16, 2020

Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets. Kicking Free Of Correspondent Banking.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Open banking and PSD2 initiatives in the U.K. Open banking and PSD2 initiatives in the U.K.

Finance 69

Finance Foreign Exchange Currencies Banking 69

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. It also analyzes how the pandemic is affecting the future of open banking in. the region.

Banking 66

Banking Planning Foreign Exchange Finance 66

PYMNTS

MARCH 25, 2020

Australian corporate card provider Archa announced a collaboration of payment and open banking technology firm i2c to debut a new corporate credit card program in the country designed to address key pain points for small and medium-sized businesses (SMBs). Payhawk Explores Open Banking’s Biz Card Opportunity. ”

Mergers and Acquisitions (M&A) 46

Mergers and Acquisitions (M&A) Banking Foreign Exchange Risk Analysis 46

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. The country’s parliament reportedly put forward a proposal to have digital currency as a part of foreign currency and “currency smuggling” rules already in place.

Foreign Exchange 59

Foreign Exchange Currencies Securities Numbers 59

PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. FinTech gearing up to launch small business banking services. India corporate banking startup Cashfree announced $5.5 Back Office. Buckzy Payments.

B2B 55

B2B Banking Foreign Exchange Startups 55

PYMNTS

FEBRUARY 24, 2020

The capital was secured by way of high customer demand and engagement, along with Revolut’s strong financial performance in the last two years. The focus will specifically hone in on product development that will garner more usage of accounts per day. and roll out more banking operations across Europe.

Foreign Exchange 52

Foreign Exchange Accounting Banking Numbers 52

PYMNTS

AUGUST 16, 2018

According to Ripple , it will work like this: A financial institution (FI) that has an account with Bittrex would initiate a payment in U.S. dollars via xRapid, which instantly converts into XRP on Bittrex. Bittrex is one of the biggest names in digital asset trading in the U.S.

Foreign Exchange 40

Foreign Exchange Securities Currencies Accounting 40

PYMNTS

OCTOBER 28, 2019

This new set of APIs offers users a way to “integrate their financial institutions, accounting and enterprise resource planning ( ERP ) systems and their account on GlobalPay,” according to the release. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).

Foreign Exchange 51

Foreign Exchange B2C Currencies B2B 51

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. We have evolved to become a business account that will support the financial needs of today’s modern business.”.

B2B 71

B2B Foreign Exchange Currencies Valuation 71

PYMNTS

FEBRUARY 14, 2018

Investors worldwide got quite a scare from India’s Punjab National Bank (PNB) with the announced discovery of $1.8 The bank said in a statement that “a few select account holders” appear to have been involved. One of those account holders is jeweler Nirav Modi, famous for bedazzling the rich and famous around the world.

Banking 40

Banking Foreign Exchange Securities Accounting 40

Future CFO

DECEMBER 3, 2020

While Lloyds Banking Group is the first to go live with the service and the UK is the first market where it is available, SWIFT said it expects adoption to continue globally as demand for an instant cross-border experience rises. The post SWIFT activates instant 24/7 cross-border payments appeared first on FutureCFO.

Foreign Exchange 40

Foreign Exchange Compliance Securities Banking 40

PYMNTS

JUNE 4, 2019

In a press release, the two companies said the agreement meshes with Visa’s stated goal to make secure digital payments possible at home and when people are traveling. It will account for more than a fifth of the global eCommerce market.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

PYMNTS

JANUARY 28, 2021

“As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. Embracing A New Paradigm.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. to China within only a few hours in order to secure a PPE shipment for healthcare providers. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

AUGUST 21, 2020

Users come to these offerings to learn or teach, and no one wants to get a surprise lesson in foreign exchange (FX) rates. Fitzpatrick explained that it is thus up to eLearning platforms — with the help of their payment partners — to figure out payments for users and firms that can make transactions seamless and secure.

Education 52

Education Foreign Exchange Currencies Accounting 52

PYMNTS

JUNE 30, 2019

No doubt by now most payments watchers are familiar with Libra , the Facebook plan to bring a new global cryptocurrency to market that seemingly seeks to do nothing less than upend global banking. Libra, after all, is already under the collective lenses of global regulators over privacy and security concerns.

B2B 109

B2B Currencies Foreign Exchange Transportation 109

PYMNTS

DECEMBER 21, 2020

According to CardUp CEO Nicki Ramsay , the solution adds benefits to commercial card usage, such as security, better control and visibility over expenses. CardUp’s business model is charging the card for payment and delivering funds to the end supplier’s bank account through bank transfer.

B2B 70

B2B Foreign Exchange Accounts Payable Invoicing 70

PYMNTS

JANUARY 31, 2018

The announcement follows increased regulatory action — customs officers in South Korea announced on the same day that they had uncovered around $600 million in illegal cryptocurrency foreign exchange trading. Illegal foreign currency trading of 472.3 Illegal foreign currency trading of 472.3

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

AUGUST 14, 2020

“There are many requirements that are initially overlooked, and that’s where treasury teams can play a very important role,” he said, highlighting processes like establishing new bank accounts, securing new card acquirer and payment service provider relationships, and managing foreign exchange exposure – all of which occur in the DTC migration.

eCommerce 118

eCommerce B2C Treasury B2B 118

PYMNTS

JUNE 28, 2019

The urgency to develop more efficient infrastructures is being driven by the rise of the global economy, with banks and businesses seeking solutions that enable them to move money between borders swiftly and securely. Italian banking startup illimity will work with German FinTech Raisin on a new cross-border deposit solution.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

PYMNTS

MARCH 17, 2020

This is where open source technology has typically come to the rescue, in particular containerization and container orchestration technology based on the Kubernetes ecosystem, which allows FSI players to secure, manage and scale horizontally their payment processing functions across different computing environments. 1: Security.

Foreign Exchange 91

Foreign Exchange Compliance Securities Startups 91

CFO News Room

FEBRUARY 2, 2022

The securities/ financial instruments discussed in this material may not be appropriate for all investors. This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security/financial instrument, or to participate in any trading strategy.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

MARCH 31, 2020

The process of grading crops based on quality, size, content, presence of foreign materials and other factors tends to take several days or even weeks, holding up payment. Looping In The Banks. “If a bank has an agricultural department, it’s very minimal, and they don’t want to take the risk.”

B2B 75

B2B Foreign Exchange Finance Prioritization 75

PYMNTS

MARCH 21, 2018

Cross-border payments company Currencycloud is rolling out an accounts receivable solution aimed at reducing the friction of collecting payments from abroad. The solution is designed for banks and other payment companies to offer their own customers, Currencycloud noted. dollars or euros.

Foreign Exchange 49

Foreign Exchange Currencies B2B Accounting 49

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Looking At Digital IDs — And Friction.

Foreign Exchange 69

Foreign Exchange Securities Currencies Technology 69