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APIs, Data Analytics Bring Cash Flow Control To The Back Office

PYMNTS

There have also been shifts in how customers pay for goods and services, with s ocial distancing policies making contactless transactions essential and pushing consumers toward payment methods such as bank transfers and digital wallets. Each company’s risk management approach must therefore be tailored to its specific business needs.

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Western Union Launches New Video, Phone Tool For Home Money Transfers

PYMNTS

A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union. Western Union recently partnered with Integral for a new risk management mechanism called Integral BankFX. A pilot of the new channel is being introduced in Austria, Belgium, Italy, Portugal and Oman.

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How Automation Helps Treasurers Weather The FX Volatility Storm

PYMNTS

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. catering equipment importers working with Eurozone suppliers are struggling to manage the struggle of the pound against the euro. “We as part of the growing trend of bank-FinTech collaboration.

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EACT SURVEY 2021

Simply Treasury

API’s have shown the use banks and corporates can make out of them. The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk.

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Bitcoin Daily: HSBC — Blockchain Makes FX Trade Cheaper; QuadrigaCX Representation Delayed In Court

PYMNTS

HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. Mark Williamson, chief operating officer of FX cash trading and risk management, told Reuters that HSBC processes from 3,500 to 5,000 trades a day on FX Everywhere, with trades now being worth $350 billion.

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Treasurers Beware: FX Risk Is Not What It Used To Be

PYMNTS

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. While organizations now realizing that ignoring FX management is no longer an option, they continue to face unexpected challenges beyond the financial impact of bank fees and conversion rates.

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Multinational Corporates Face Rising FX Hedging Pressure

PYMNTS

s Conservative Party leadership contest is only the latest geopolitical event sparking concerns among analysts over foreign exchange (FX) markets — and corporates’ ability to react to those changes. banks will face a credit shortage following Brexit, leaving small businesses without access to capital.