Future CFO

DECEMBER 16, 2021

CFOs must be aware of cases and risks of digital currencies as 20% of large organisations will use them by 2024, said Gartner recently. Gartner recommends that organisations first clarify specific use cases for digital currencies before evaluating appropriate IT stacks to incorporate them within the enterprise.

Currencies 52

Currencies Auditing CFO Leverage 52

PYMNTS

JUNE 17, 2019

In what could be one of the first investments by a crypto-based firm in a major U.S. has arranged to invest up to $50 million in MoneyGram International Inc. Ripple is the company behind the XRP digital currency, The Wall Street Journal reported. As a result, the company had to purchase currencies ahead of time regularly.

Investments 84

Investments Foreign Exchange Planning Currencies 84

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. Bitcoin is not a currency, it rather is an asset and it is very volatile,” Central Bank officials wrote, quoting Chief Economist Philip Lane. Some users pushed back against the EU’s stance.

Currencies 61

Currencies Banking Investments Accounting 61

PYMNTS

MAY 28, 2020

The Stellar Development Foundation (SDF) has made a $550,000 strategic investment to go toward SatoshiPay ‘s development of a B2B cross-border payments solution and its digital wallets, according to a press release.

B2B 97

B2B Investments Currencies Technology 97

PYMNTS

JUNE 24, 2020

The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a press release. Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts.

Currencies 67

Currencies Banking Investments Economics 67

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. Currencies move across borders, and so we certainly wouldn’t want to be surprised by some other country,” he said in the report. percent fee tacked on to all purchases.

Currencies 63

Currencies Banking Planning Investments 63

PYMNTS

FEBRUARY 26, 2020

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. Tipalti Reallocates The Workload.

Accounting 72

Accounting Accounts Payable Invoicing General Ledger 72

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The bank said in an announcement Tuesday (Sept. Citi said it plans to expand the offering into the U.S.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. While nearly half of AP departments surveyed said reporting and data analytics are top priority, many teams struggle to accurately assess the return on investment (ROI) of AP technology.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

JULY 9, 2019

HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8). The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management.

Accounting 54

Accounting Banking Cash Management Treasury 54

PYMNTS

SEPTEMBER 23, 2019

Today, Western Union announces that it has expanded its real-time global payments capabilities to include real-time account-to-account transfers to an account or a mobile wallet for select banks or digital wallet providers in 17 countries. The recipient gets the money nearly instantly — and we settle with the banks overnight.”.

Accounting 82

Accounting Banking B2B B2C 82

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

CFO News Room

JANUARY 21, 2023

By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be, and the big question leading in 2022, for investors and markets, is how inflation will play out during the year, and beyond, and the consequences for stocks, bonds and currencies.

Treasury 130

Treasury Currencies Numbers Investments 130

Barry Ritholtz

OCTOBER 17, 2023

  The transcript from this week’s MiB: Graeme Forster, Orbis Investments , is below. Barry Ritholtz] This week on the podcast, I have an extra special guest, Graham Foster’s pm at Orbis Investment Management. They have a truly unique approach to investing. Is that poker, is that investing sounds like both.

Investments 52

Investments Valuation Math Numbers 52

PYMNTS

SEPTEMBER 25, 2019

Cloud-based finance software Bill.com can now facilitate international payments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept. But businesses need a partner that can help them manage the complexities that come with processing multi-currency invoices and making payments in local currencies.

Currencies 40

Currencies Accounts Payable Valuation Invoicing 40

PYMNTS

OCTOBER 10, 2019

9), Paysend announced the rollout of Paysend Connect, a business payment account that allows companies to open multi-currency business accounts, issue Mastercard corporate cards and initiate SEPA and SWIFT transfers. In a press release covered by AltFi on Wednesday (Oct.

Accounting 53

Accounting Banking Currencies Investments 53

PYMNTS

JUNE 27, 2018

Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk. Corporates should be proactively looking at currency risk,” added Frey. Even if a business only deals in USD, fluctuations of other currencies create risk.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

PYMNTS

MAY 9, 2019

Operational pain points are often not addressed until they have to be addressed, then, because of that neglect, they suddenly require all sorts of investments in terms of time and money. So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. The Limitations Of Manual Labor.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. CONS Weak fiscal accounts and dependence on International Monetary Fund financing. While the cepo [currency controls] is in place, this won’t change. Education level higher than the regional average.

Currencies 52

Currencies Economics Foreign Exchange Investments 52

Musings on Markets

MAY 24, 2021

Inflation: Measures and Drivers For those who are under the age of forty and have grown up in the United States or Europe, inflation is an abstraction, a number that governments report on and experts talk about, but not something that is central to their investing or regular lives. What is inflation? How do you measure inflation?

Investments 55

Investments Treasury Currencies Marketing 55

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. Ehrlich said stablecoins, including the U.S.

Treasury 129

Treasury Currencies Cash Management Benchmarking 129

PYMNTS

MAY 4, 2017

On Tuesday, Dubai FinTech company OneGram announced it would offer a gold-backed digital currency called OneGramCoin with the hopes of raising over $500 million in capital. One of Dubai’s largest banks, Tabarak Investment Bank, reportedly plans to sell €100 million ($108.9 million, OGC 2.24 million) to clients. trillion.

Currencies 41

Currencies Retail Finance Sales 41

The Finance Weekly

APRIL 13, 2024

These tools offer capabilities ranging from spending tracking and improved budgeting to making informed investment choices. This type of software assists users in closely monitoring their expenditures and crafting efficient budgets, as well as guiding them through the nuances of investment decisions.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

SEPTEMBER 24, 2019

San Mateo accounts payable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures. The FinTech accounting firm will use the series D funds to grow the platform and its artificial intelligence (AI) tools that can read, process, pay and track invoices. . full-time accounts payable employees. . “As

Accounts Payable 49

Accounts Payable Startups Accounting Invoicing 49

PYMNTS

FEBRUARY 21, 2020

Wells Fargo is reportedly close to settling with regulators over a scandal involving the creation of fake accounts, according to a report by The Wall Street Journal. That earlier settlement came after regulators found out about potentially millions of fake accounts created amid an aggressive sales environment.

Accounting 52

Accounting Currencies Banking Securities 52

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

OCTOBER 7, 2020

SWIFT’s [Society for Worldwide Interbank Financial Telecommunication] new service offers the possibility of borderless low-cost account-to-account currency transfers from the bank’s own app or portal, and Oracle Banking Payments’ readiness makes this transition easy and fast for SMEs.”. The subsidiary of Oracle Corp.

Currencies 145

Currencies Banking Accounting Securities 145

PYMNTS

MARCH 18, 2020

Customers will have the ability to purchase, sell and spend digital currencies on the exchange with the rollout. The card, which is directly connected to client accounts, lets clients instantly change their digital currency balances to fiat that they can spend at merchants around the globe.

Currencies 80

Currencies Investments Banking Accounting 80

PYMNTS

DECEMBER 31, 2020

Along the way, institutional investments in bitcoin have gotten a boost. The stage has been set for broader adoption of bitcoin and other digital currencies to be held within the financial services realm, which in turn may bode well for institutional adoption. billion on its books tied to the crypto, per Yahoo Finance.

Currencies 135

Currencies Planning Banking Finance 135

PYMNTS

DECEMBER 23, 2020

As reported by CNBC , the suit hinges on the contention that the crypto — the third largest as measured in terms of market value before a double-digit percentage slide in its value to 34 cents — is a security, not a currency, and thus is regulated by the SEC. “We Non-Investment Use? . “No

Currencies 93

Currencies Securities Investments Sales 93

PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. The alliance intends to pilot development in the handling of money market funds to automate and simplify investment decisions.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

SEPTEMBER 29, 2020

People provided access to the online technology of Estonia via an eResidency program are reportedly being connected to digital currency schemes in other countries, Bloomberg reported. In other news, KuCoin has kept the accounts of its clients restricted as hackers start to reportedly move stolen digital currency, CoinDesk reported.

Advertising 77

Advertising Currencies Investments Accounting 77

PYMNTS

DECEMBER 17, 2020

The digital currency is up more than 200 percent year to date, and while speculation runs rampant about how high the price can go, as MarketWatch reports , some observers of Wall Street see bitcoin trading as high as $250,000 or more. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.

Currencies 117

Currencies Investments Banking Accounting 117

PYMNTS

MAY 19, 2017

Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below. The investment will also be used to strengthen its underlying infrastructure and introduce new solutions to its offering, including short-term credit and industry-specific tools. Supply Chain Management.

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

AUGUST 19, 2016

Russia’s love-hate relationship with digital currency continues. Now, Russia has overcome its fears and has opened the first digital currency exchange. The new exchange will provide 24/7 currency exchange services and, according to News BTC , the Russian exchange is an actual office. Try Synthetic Currency.

Currencies 44

Currencies eCommerce Technology Startups 44

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software. But the government has cracked down on some of these methods.

Currencies 139

Currencies Compliance Economics Investments 139

PYMNTS

JANUARY 29, 2019

Much of that spend (nearly one-third, by Gartner accounts), will go toward investment in consulting and implementation services as companies seek guidance for changing cybersecurity regulations like GDPR in Europe. Less than half of IT professionals in the U.S.

Investments 59

Investments Compliance Education Benchmarking 59