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Navigating multi-currency account reporting: a guide for FP&A managers

Cube Software

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.

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ClearBank Introduces Multi-Currency Bank Accounts

PYMNTS

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. ClearBank will remain in charge of the clients' funds.

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Why Accounts Receivable Is Warming Up To Digital Currency

PYMNTS

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. . Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

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PayPal CEO Shulman: Consumers Moving To Digital Currency In Droves

PYMNTS

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. PayPal isn’t the first large name in tech to jump on the digital currency bandwagon. 23) Benzinga report.

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

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.

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Accounting in Zimbabwe is “very very different”

CFO Talks

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.

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UN Blockchain Expert Says Digital Cash Could Replace Bank Accounts

PYMNTS

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.