PYMNTS

DECEMBER 1, 2020

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. Morgan stablecoin, known as JPM Coin, geared toward B2B.

Currencies 117

Currencies Banking B2B CFO 117

Musings on Markets

JUNE 2, 2025

Sovereign Defaults: A History Through time, governments have often been dependent on debt to finance themselves, some in the local currency and much in a foreign currency. However, those defaults, and especially so in recent years, have been supplemented by countries that have chosen to default on local currency borrowings.

Marketing 116

Marketing Currencies Treasury Economics 116

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And even before the BIS findings, in March, members of U.S.

Currencies 113

Currencies Banking Accounting Technology 113

PYMNTS

AUGUST 21, 2020

CurrencyWave , a Leeds-based cross-border payments firm, has launched a new multi-currency account to help remove borders from paying in foreign currencies for smaller firms, a report from Business Up North states. For example, if a U.S. In addition, the funds would also be able to get to the recipient much more quickly.

Currencies 83

Currencies Accounting Banking Numbers 83

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A

Currencies 97

Currencies Banking Retail Accounting 97

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. The intent is to start a fully-fledged central bank digital currency (CBDC). 27) in Exuma.

Currencies 83

Currencies Banking Retail Accounting 83

PYMNTS

APRIL 14, 2020

One of China’s state-owned banks has a mobile test app that supports the country’s central bank digital currency, according to a CoinDesk report. Screenshots of an app developed by the Agricultural Bank of China (ABC) for mobile phones was spotted on WeChat Tuesday (April 14).

Currencies 79

Currencies Banking Accounting 79

PYMNTS

APRIL 13, 2020

The stimulus checks — some of them, anyway — are coming, via direct deposit, to tens of millions of Americans’ bank accounts over the next several weeks. In other words, the recipients would create checking accounts at the Federal Reserve Banks (there are 12 of them).

Accounting 99

Accounting Banking Currencies Treasury 99

Global Finance

DECEMBER 27, 2024

Tanzania has a reputation for peace and stability compared to [other] countries in East Africa, says Tenda Msinjili, head of banking and finance at law firm Clyde & Co.s Government data show the mining sector accounts for 9.1% Inflation (2024, projected): 3.2% Inflation (2024, projected): 3.2% in 2024 and 6% in 2025.

Foreign Exchange 144

Foreign Exchange Investments Economics Currencies 144

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). Banks generate more business by enabling payments for merchants. Solving For The Chicken And Egg Problem.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

JUNE 17, 2020

A growing number of nations are looking to develop digital versions of their currencies, and now there might be regional initiatives taking shape to target the U.S. The publication said China would back the new digital currency with a basket consisting of the Chinese yuan, Japanese yen, Hong Kong dollar and the South Korean won.

Currencies 89

Currencies Banking Accounting Numbers 89

Global Finance

NOVEMBER 29, 2024

These are collection accounts specifically developed to collect various public taxes: The amount of the advance available is determined based on expected receipts, and enriched reporting data enables automatic reconciliation in public accounting systems. At the end of 2023, Belfius had more than 12,000 public sector clients.

Cash Management 98

Cash Management Treasury Reconciliations Banking 98

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. . … The language is interesting — and noteworthy. The Rewards.

Currencies 87

Currencies Retail Banking Financial Systems 87

Global Finance

DECEMBER 6, 2024

After a year that can be described as challenging for US regional banks, with the failures of Silicon Valley Bank, First Republic Bank, and Signature Bank early in 2023, profitability growth has returned to many of the sectors banks that survived that dark period. The banks robust fee income, totaling $274.2

Banking 52

Banking Problem Solving Leadership Tax Planning 52

Global Finance

MARCH 5, 2025

With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs and risks. Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region.

Banking 52

Banking Compliance Treasury Finance 52

Global Finance

DECEMBER 26, 2024

Ashley Pater , general manager of Hedge Trackers LLC, a global accounting, consulting, and software services company focused on financial risk protection, owned by platform provider GTreasury says automation is improving FX risk visibility, transforming FX risk management from a reactive task to an operational imperative.

Treasury 59

Treasury Risk Management Currencies SAP 59

PYMNTS

APRIL 29, 2020

But proponents of the technology argue that crypto is not only here to stay, but it will one day become a vital part of the overall payments and financial services ecosystem — so it’s essential that these companies receive adequate banking services today to prepare for the future. Conflicting Needs. As Karalevi?ius

Banking 113

Banking Compliance Currencies B2B 113

Global Finance

SEPTEMBER 25, 2024

Susanne Prager, head of cash management at Raiffeisen Bank International (RBI), discusses the challenges affecting global banking services and the need for the latest tech tools to help companies succeed in CEE and around the world. Global Finance: What are the overall trends impacting international banking transactions?

Banking 98

Banking Cash Management Compliance Currencies 98

CFO Talks

APRIL 5, 2023

Written by Leigh Schaler In a recent interview on the CFOTalks podcast, Zebediah Marewangepo a Senior Business Consultant at Taxdirect, shared his insights on the accounting profession in Zimbabwe and South Africa. but somewhere along the line I ended up doing accountancy and I then finished college in 1994.

Accounting 94

Accounting Problem Solving Compliance Currencies 94

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

SEPTEMBER 29, 2020

Blanco , director of the Financial Crimes Enforcement Network ( FinCEN ), said banks need to be wary of risks with cryptocurrency, according to remarks planned to be given at the ACAMS AML (anti-money laundering) virtual conference on Tuesday (Sept. Blanco said the organization is looking at mitigating risks with virtual currencies.

Banking 103

Banking Currencies Accounting Planning 103

PYMNTS

SEPTEMBER 22, 2020

No longer is open banking solely for consolidating financial information into a single platform for one end user. Acumatica Links Its ERP Into Bank Data. Integrated into its ERP solution, the new feature links electronic banking fees to corporate card spend, allowing for automated receipt creation. In the U.K.,

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

OCTOBER 7, 2020

Oracle Banking Payments announced Wednesday (Oct. We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement. “We The subsidiary of Oracle Corp.

Currencies 145

Currencies Banking Accounting Securities 145

Global Finance

JUNE 9, 2025

Regional Winners Most Innovative Bank in Western Europe | SOCIETE GENERALE Societe Generale’s Global Transaction and Payment Services division has launched several new innovations to reduce their corporate clients’ workload. Most Innovative Financial Technology Company in Western Europe | REDCOMPASS LABS AnalystAccelerator.ai

Forecasting 59

Forecasting Cash Management Compliance Currencies 59

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. Earlier this year Citi said it would be preparing for an uptick in corporate banking operations despite concerns about an economic slowdown.

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

PYMNTS

AUGUST 30, 2020

One of the four largest Chinese banks swiftly disabled its new soft launch for a digital yuan wallet after its quiet rollout got mass attention, according to CoinDesk. Users of the China Construction Bank (CCB) began to notice the digital wallet feature, added suddenly and without fanfare to the mobile app.

Banking 95

Banking Construction Currencies Retail 95

Global Finance

JULY 16, 2024

Throughout its 30-year history, Converse Bank has been a trendsetter in Armenia. This began with it as the first bank since the country became independent to be set up with foreign investment – led by principal shareholder Eduardo Eurnekian, an Argentine-Armenian businessman. Being a pioneer seems to be in Converse Bank’s DNA.

Banking 98

Banking Currencies Accounting Leverage 98

Global Finance

OCTOBER 28, 2024

Road Map For The Future A lively FDI contribution gives Togo a favorable economic outlook, augmented by structural reforms and critical investment projects, according to the African Development Bank. According to the World Bank, Togo’s exports of goods are dominated by minerals and industrial and agricultural products.

Economics 98

Economics Manufacturing Investments Currencies 98

PYMNTS

JANUARY 15, 2021

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). The statement from FinCEN said Capital One established the Check Cashing Group as a business unit within its commercial bank in 2008. financial system.”.

Banking 107

Banking Compliance Currencies Financial Systems 107

PYMNTS

SEPTEMBER 5, 2019

In China, the central bank will debut a state-backed cryptocurrency that initially will be issued to seven institutions in that country, Forbes reported this week. The news comes from Paul Schulte, who was head of financial strategy for China Construction Bank. It will be the first central bank to do so.”. Crypto in Brazil.

Banking 98

Banking Currencies Construction Startups 98

PYMNTS

NOVEMBER 23, 2020

HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As The new platform gives users the ability to send money from any HSBC account in real time and get preferential FX rates. .

Treasury 140

Treasury Currencies Banking Accounting 140

Cube Software

JUNE 12, 2023

What is a multi-currency account? Multi-currency accounts, sometimes called foreign currency accounts, are special bank accounts that allow users to send and receive payments across currencies from multiple countries.

Currencies 52

Currencies Accounting Banking 52

Global Finance

JUNE 9, 2025

Regional Winners Most Innovative Bank in Africa | NEDBANK MOZAMBIQUE In an effort to modernize operations, Nedbank Mozambique has implemented innovative digital solutions to strengthen its services and processes. This has helped to prevent unauthorized access to customer accounts as well as to prevent identity theft.

Leverage 52

Leverage Banking Accounting Risk Management 52

Global Finance

JANUARY 9, 2025

Incorporated in Hong Kong in 1918, BEA is a leading global bank listed on The Stock Exchange of Hong Kong, and operates one of the largest local branch networks. In the Chinese Mainland, BEAs presence dates back to the opening of the Banks Shanghai branch in 1920. Morgan, BlackRock, Janus Henderson, Schroders, and BEA Union Investment.

Foreign Exchange 52

Foreign Exchange Currencies Banking Investments 52

PYMNTS

OCTOBER 6, 2020

In Europe, the great digital shift is spurring traditional banks to play a bit of catch-up. Lilia Metodieva , managing director at Monneo , told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer buying patterns remain fluid — and digital.

eCommerce 94

eCommerce Banking Compliance Currencies 94

PYMNTS

OCTOBER 14, 2020

"Unlike solutions on the market today that only offer a handful of ERP integrations and require a manual intervention to complete a payment, RegalPay One offers a bank-branded platform that connects directly to their corporate customers' ERP system," Ed Wertzberger , vice president of solution delivery for Regal Software, said in the announcement.

B2B 82

B2B Banking Accounts Payable Reconciliations 82