PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts.

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

DECEMBER 2, 2020

Sage Teams With Satago To Help SMBs Manage Cash Flow. Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. Cobase, Ebury Team Up On FX Payments.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

Global Finance

OCTOBER 11, 2024

Previously announced honors include Best Global Transaction Bank, Best Bank for Sustainable Finance, Best Islamic Financial Institution, Best Investment Bank, Best Cash Management Bank, Best Trade-Finance providers, Best Supply Chain Finance providers, Best Foreign Exchange Provider, Best Private Bank, and Best SME Bank.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. is critical, said Descout, adding that integration and automation across back-office platforms is key to FX management solutions, too.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

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

Global Finance

JUNE 6, 2024

FAB also launched a sustainability-linked current account for businesses to support clients in achieving environmental, social and governance objectives by contributing to sustainable developments, integrated into their everyday cash management and a sustainability-linked supply chain finance offering.

Construction 109

Construction Compliance Cash Management Treasury 109

Simply Treasury

JUNE 3, 2021

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. The FX risk, given high volatility of markets and uncertainties, is back in top priorities.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere. Existing backers, such as Xavier Niel, also participated in the funding.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

MARCH 6, 2019

Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”. DLT enables real-time asset ownership, like cash, and can provide that access to shared data, such as files and account balances.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

NOVEMBER 25, 2019

The branch, to be led by Snorre Tysland, will offer corporates and financial institutions banking products that include cash management, debt, foreign exchange and trade finance facilities. It will operate as part of Barclays Europe, which now consists of seven branches around the continent.

Foreign Exchange 52

Foreign Exchange Cash Management Banking Accounting 52

Reval

JUNE 13, 2017

Kerry’s netting centre captures transaction information, centralises foreign exchange exposures and provides clarity over transaction costs for transactions between the company’s subsidiaries. Kerry has more than 100 subsidiaries operating in over 40 countries, and 1,800 open bank accounts with approximately 60 bank partners.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Invoicing 52

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Open Banking.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

APRIL 3, 2019

. “Digitization now ranks behind only core functions like funding and liquidity management in terms of the biggest goals for corporate treasury departments across Asia in 2019,” said Greenwich Associates Head of Asia Pacific Gaurav Arora, the report’s co-author, in a statement.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. According to J.P. The other is technological innovation.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

APRIL 18, 2018

GTreasury will acquire Visual Risk, based in Australia, and integrate its solutions into its own offering to bolster its existing treasury and cash management tool. The companies will combine their risk analytics and hedge accounting software as well, they said. “We

Treasury 40

Treasury Compliance Foreign Exchange Risk Management 40

PYMNTS

DECEMBER 1, 2016

The person buying the car credits his or her PayCar account, and once the deal closes, the agreed-upon price immediately is transferred from the PayCar account to the seller by using a smartphone. PayCar provides a platform for the sale of used cars between private individuals. PayCar will use the funding to grow the company.

Investments 43

Investments Foreign Exchange Cash Management Startups 43

PYMNTS

OCTOBER 8, 2019

“We have redesigned the end-to-end MMF user experience in our Citibank Online Investment portal to ensure that we are providing our clients with more data-rich fund research and analytics tools; new choices for automated sweep rebalancing; a simplified account structure; and enhanced usability with increased customization options.”.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

SEPTEMBER 4, 2018

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

SEPTEMBER 19, 2019

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Cash management becomes a continuous process, throughout the business day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

APRIL 18, 2016

“From a cost standpoint, there is significantly more friction doing business cross-border than there is domestically,” he stated, “from the coordination between buyer and seller, accounts payable and accounts receivable processes and being able to coordinate information flow with money flow.”. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Currencies 40

PYMNTS

MARCH 2, 2016

The company also pointed to the recent rise of the nostro account, an account owned by a financial institution in another country with funds held in local currency, used to facilitate cross-border settlement. It’s a currency that allows financial institutions to ditch the nostro account and instead keep XRP on their own balance sheets.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

MARCH 23, 2016

These extended payment terms could be due to open account trade. In a document outlining these definitions, the BAFT explained that open account terms allow trading partners to independently work out payment terms; according to the report, more than 80 percent of trade volume across the globe is conducted with open terms.

B2B 40

B2B Foreign Exchange Manufacturing Finance 40

PYMNTS

MARCH 1, 2016

Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. Affirm, for instance, secured $275 million last May and, soon after, announced plans to link businesses operating over Shopify with financing.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

Global Finance

JULY 24, 2024

Additionally, this suite of custody services is integrated with the bank’s transaction banking and foreign exchange offerings to ensure seamless management of custody-related transactions. It includes middle office support from the bank’s partnership with State Street to provide world-class fund accounting services.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Global Finance

JULY 24, 2024

Additionally, this suite of custody services is integrated with the bank’s transaction banking and foreign exchange offerings to ensure seamless management of custody-related transactions. It includes middle office support from the bank’s partnership with State Street to provide world-class fund accounting services.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Future CFO

SEPTEMBER 23, 2019

“Through a combination of gpi and domestic real-time payments networks, we together with gpi banks, will facilitate instant international payments with up-front fee and Foreign Exchange transparency for senders, while also ensuring ubiquitous availability of instant cross-border payments globally,” SWIFT said in a statement.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40

Global Finance

MAY 6, 2025

Some feel it defies logic for them to depend on foreign banks to offer services such as foreign exchange, treasury, cash management, and payment offerings. A conservative approach to risk management saw the bank post $164.3 million in net income and 22.3% Kenya| TDB TDB wins in Kenya.

Banking 52

Banking Profit and Loss Foreign Exchange Finance 52

Future CFO

JANUARY 21, 2021

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” MT940 is the SWIFT banking communication standard for the electronic transmission of account statement data.

Treasury 52

Treasury Foreign Exchange Currencies CFO 52

Global Finance

MAY 6, 2025

Through its Arabi Cross-Border program, expatriates now have easy access to account openings and greater functionality with payments and transfers on the mobile app. Arabi Connect offers online banking solutions, including cash management features, e-commerce, and point-of-sale (POS) solutions for secure and efficient online transactions.

Banking 52

Banking Cash Management Finance Leverage 52

Global Finance

DECEMBER 26, 2024

Amid consistently high geopolitical tensions, a shifting interest rate environment in developed and developing economies, and the increasing threat of tariffs impacting global trade, one thing is sure: Top-level foreign exchange (FX) management has seldom been as pivotal to businesses as it is today.

Foreign Exchange 87

Foreign Exchange Banking Currencies Marketing 87