Global Finance

DECEMBER 26, 2024

Modular systems and automation are revolutionizing FX risk management, enhancing visibility, agility, and adaptability. A modular system empowers companies to integrate essential componentssuch as exposure capture and tracking, automated hedge decisioning and execution, and accounting and reporting complianceat the time and scale they need.

Treasury 59

Treasury Risk Management Currencies SAP 59

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

PYMNTS

NOVEMBER 10, 2020

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. How Rayo Delivers Immigrant-Focused Financial Services. Consumers who move to the U.S.

Banking 86

Banking Compliance Currencies Financial Systems 86

PYMNTS

NOVEMBER 28, 2019

Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. The feature will enable customers to earn 2.05

Banking 75

Banking Valuation Cash Management Currencies 75

PYMNTS

DECEMBER 21, 2020

PayPal 's Xoom , an international money transfer service, has integrated with NPIL's/NPCI's Unified Payments Interface (UPI) to offer inter-bank transactions in India, according to a press release. In addition, recipients of money transfers will have the option to link several bank accounts and set their default bank account for transactions.

Financial Systems 112

Financial Systems Banking Accounting Numbers 112

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That lets banks and other financial institutions cut down on times for processing, boost compliance and bolster productivity.

Accounts Payable 69

Accounts Payable Accounting Invoicing Compliance 69

PYMNTS

DECEMBER 13, 2018

13) that it has launched Robinhood Checking & Savings, a new feature aimed at expanding its mission to overhaul the financial system in America. What’s more, Robinhood said the interest compounds and is paid out daily, resulting in an extra $240 each year for a household with $8,000 in the bank.

Accounting 58

Accounting Financial Systems Startups Banking 58

PYMNTS

MAY 2, 2019

To that end, Invest In Blockchain reported that Mark Carney, governor of the Bank of England, said that the central bank should gear up for a “fourth industrial revolution” that includes at least some impact to payments, chiefly through blockchain and decentralized systems. Also in the U.K.,

Banking 78

Banking Strategic Planning Currencies Financial Systems 78

Global Finance

SEPTEMBER 4, 2024

Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In this interview, Campos Neto shares his insights on the global economy, Brazil’s economic outlook, the resilience of Latin American economies, and the importance of central bank independence.

Banking 105

Banking Economics Currencies Finance 105

CFO News Room

NOVEMBER 18, 2022

Why this new book, focusing on central banks and their influence? Nomi Prins: Since the financial crisis, one of the themes in my books is money and power. LP: You place the roots of this trouble in 2008, a year which, you point out, increased the power of central banks. economy and Wall Street.

Banking 100

Banking Economics Leverage Marketing 100

PYMNTS

JULY 1, 2019

Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used passcodes to gain access to users’ accounts. Modern customers are much more likely to grow frustrated by lengthy processes and switch to other banks, after all. Biometrics and the Future of Fraud.

Banking 75

Banking Securities Compliance Financial Systems 75

PYMNTS

JUNE 26, 2020

More than 10,000 financial institutions (FIs) around the world are implementing or exploring open banking , an emerging trend in the financial industry that allows banks and FinTechs to freely share their data, encouraging collaboration and the development of new customer-facing services. Open Banking’s Data Benefits.

Banking 79

Banking Securities Education Financial Systems 79

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

Global Finance

AUGUST 13, 2024

As global investors increasingly prioritize sustainability and ethics, Islamic banking’s alignment with these values positions it as a key player in the burgeoning sustainable finance movement. Islamic banking has also proven resilience in turbulent economic times. Sharia-compliant banks don’t issue interest-based loans.

Finance 116

Finance Prioritization Banking Economics 116

PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks. This might disrupt transaction banking and financial market intermediation.”.

Banking 59

Banking Currencies Financial Systems Accounting 59

The Charity CFO

MAY 6, 2022

Your financial system must be in good working order before you even consider applying for federal funding. In fact, the government places very rigorous financial reporting requirements on organizations that receive federal funding. Don't hire the wrong accountant for your nonprofit! Reach out for a free consultation.

Nonprofit 111

Nonprofit Auditing Financial Systems CFO 111

PYMNTS

JANUARY 7, 2020

Open Banking and bank-FinTech collaboration are the new norm for financial institutions around the world looking to upgrade their offerings for small businesses (SMBs). Other initiatives include a focus on payments security, as well as connecting bank data to small business accounting portal QuickBooks.

Banking 56

Banking Accounting Securities Financial Systems 56

PYMNTS

NOVEMBER 14, 2019

MoneyGram has announced a partnership with Cambodian bank Wing on a digital wallet venture that will allow funds to be deposited directly into customers’ accounts. Cambodian migrant workers sent about $1.4

Financial Systems 101

Financial Systems Banking Numbers Accounting 101

PYMNTS

MARCH 10, 2020

A new challenger bank in the U.S., While fairly common in Europe, challenger banks in the U.S. The bank has its sights set on small businesses, startups and freelancers. The bank features customer service teams that speak several languages, about 300,000 ATMs in its network and what it calls seamless vendor payments. .

Banking 54

Banking Financial Systems Startups eCommerce 54

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

MARCH 24, 2020

The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. The bank is a unit of China’s ZhongAn Online P&C Insurance Co. In 2019, Hong Kong issued about eight digital banking licenses to companies like Ant Financial, and a team-up of Tencent and Standard Chartered.

Banking 54

Banking Currencies Financial Systems Accounting 54

PYMNTS

MARCH 6, 2019

Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.

Banking 49

Banking Financial Systems Startups Education 49

PYMNTS

JUNE 29, 2020

In view of recent developments in Wirecard AG, the MAS and the Accounting and Corporate Regulatory Authority (ACRA) are collaborating with CAD to scrutinize other possible aspects of the case,” the MAS said in a statement Monday (June 29), the report said. “Due billion of supposed deposits were missing from two banks in the Philippines.

Banking 56

Banking Financial Systems Economics Accounting 56

PYMNTS

APRIL 24, 2019

Wirecard, the digital financial technology company announced on Wednesday (April 24) that it has expanded a partnership with RBL Bank to promote financial inclusion in India. The service is available to all citizens in India with the Aadhaar number linked to a bank account.

Banking 49

Banking Financial Systems Numbers Retail 49

PYMNTS

NOVEMBER 12, 2020

Keeping these consumers engaged in the broader financial system is essential to the collective good. Systems, that is. Banks and financial institutions (FIs) have been layering patches and tools on top of outdated core banking systems for so long that it’s become a Frankenstein’s monster of tech entanglement.

Banking 81

Banking Accounting Financial Systems Communication 81

PYMNTS

APRIL 22, 2020

The traditional process of setting up bank accounts in multiple jurisdictions is a headache and too resource-intensive for many small businesses, like B2B exporters. According to David Rosa, co-founder and CEO of Hong Kong-based Neat , this is true even for SMBs that use a bank with branches throughout the world. ”

Currencies 96

Currencies B2B Advertising Finance 96

Global Finance

OCTOBER 10, 2024

Australia Michele Bullock: Too Early To Say Reserve Bank of Australia veteran Michele Bullock took the helm as the bank’s first female governor in September last year during intense soul-searching at the institution, which had come under critical scrutiny during the tenure of her predecessor, Philip Lowe.

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. Financial inclusion is on the rise, as evidenced by these banking statistics.

Education 70

Education Data Analysis Financial Systems Banking 70

Global Finance

OCTOBER 10, 2024

György Matolcsy, governor of Hungary’s central bank (Magyar Nemzeti Bank), reflects on his second term and speaks about plans to potentially join the euro. György Matolcsy: After the global financial crisis, central banks realized that monetary institutions and policy needed to be renewed.

Economics 59

Economics Banking Concentration Currencies 59

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. The technology aims to mix payment rails, with companies paying their invoices via card on the Billhop platform, and Billhop paying those vendors via direct deposit to their bank account.

B2B 83

B2B Invoicing Banking Currencies 83

PYMNTS

JULY 10, 2020

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The Wall Street Journal reported. The failed loan was granted to mortgage lender Dewan Housing Finance Limited, which has faced its own financial troubles, the Journal reported.

Banking 53

Banking Auditing Financial Systems Securities 53

PYMNTS

FEBRUARY 27, 2019

26), Kyriba said it is integrating with Citi via API to allow clients to access their Citi accounts directly from their treasury platform. Kyriba noted that its global connectivity hub, which connects treasurers to those financial systems, currently processes 30 million payments and 83 million bank transactions on behalf of treasurers.

Accounting 40

Accounting Treasury Financial Systems Cash Management 40

Global Finance

APRIL 7, 2025

billion by 2040 and the region will account for over 60% of global output, according to a 2024 World Bank report. Bank funding will continue to play an important role, but this will be compounded by external financing via bilateral or multilateral efforts. billion citizens to 4.6

Economics 52

Economics Manufacturing Treasury Forecasting 52

PYMNTS

JANUARY 6, 2020

The Central Bank of Jamaica (BOJ) has confirmed it will abide by the Principles for Financial Market Infrastructures (PFMIs). Regionally operated payment systems in Jamaica will consequently be regulated more closely.

Banking 52

Banking Financial Systems Securities Marketing 52

Global Finance

APRIL 7, 2025

3% band and the European Commission and European Central Bank give the green light later this year, it will join the eurozone in 2026. billion to Bulgaria since its accession in 2007and a stable, proactive financial sector have boosted modernization. All this has made the country more attractive to Western companies and banks.

Education 52

Education Construction Economics Currencies 52

PYMNTS

JUNE 2, 2020

Conference of Mayors, and the National Association of Governors, “potentially threaten the stability and orderly functioning of the financial system the OCC is charged by law to protect.”. Brooks hoped local governments would take into account financial health while making decisions in the coming weeks.

Banking 52

Banking Currencies Financial Systems Numbers 52

PYMNTS

MAY 15, 2019

Earthport offers cross-border payment services to banks, money transfer service providers and other businesses through the largest independent ACH network. … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. That’s what we are driving [toward].

Treasury 74

Treasury B2C Financial Systems Banking 74