CFO Leadership

FEBRUARY 16, 2022

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. The Foreign Exchange Market.

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Risk Management Currencies Foreign Exchange Valuation 52

PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. The company posted a total loss of $139.6 million (£106.5

Profit and Loss 95

Profit and Loss Foreign Exchange Startups Banking 95

PYMNTS

MARCH 26, 2020

A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union. The company plans to launch the service to more countries in the near future. Some Western Union Agent locations are closed due to the coronavirus pandemic.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

PYMNTS

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit.

Banking 66

Banking Planning Foreign Exchange Finance 66

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S. and abroad.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. Necessary Planning. Traditionally, however, multi-currency accounts are often opened within silos, unable to integrate and communicate with each other, or other cash management systems.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

APRIL 7, 2020

This has resulted in business-to-business (B2B) offerings such as mobile apps that help provide small business owners better overview and management of their companies’ bank accounts, as well as their accounts payable (AP) and accounts receivable (AR). Some financial players are turning to APIs to ease cross-border trade.

eCommerce 63

eCommerce Banking Foreign Exchange B2B 63

PYMNTS

FEBRUARY 2, 2021

For chief financial officers (CFOs) and treasurers tasked with corporate management, Visa is aiming AI toward forecasting and planning. At a high level, the solutions can be harnessed to help consumers manage their finances in real time, quickening the time it takes for accounts to settle. Benefits accrue to banks, too.

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Forecasting Foreign Exchange Leverage Treasury 111

PYMNTS

DECEMBER 1, 2019

A Pixpay account can be opened by anyone 10 years old or above, and both parents and children can download the app together. Parents can also see an overview of multiple accounts if they have more than one child using Pixpay. . Foreign currency transactions cost 2 percent in foreign exchange. Pixpay costs €2.99

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

JULY 24, 2019

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. However, focus will quickly switch to the next steps — namely, cabinet appointments and the Brexit plan.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

PYMNTS

JANUARY 20, 2021

Clients of JAGGAER who harness TransferMate for cross-border transactions will be able to reserve a real-time exchange rate before transmitting the funds to a TransferMate account in their own nation or jurisdiction, the announcement stated. TransferMate, in turn, will deliver the money to the recipient in the target nation.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

MARCH 10, 2020

Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10). Most of our SMB customers in Australia are using Xero as their accounting solution, and so it was important to provide that seamless experience between Airwallex and Xero.”.

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Reconciliations Foreign Exchange Currencies Accounting 52

PYMNTS

OCTOBER 28, 2019

This new set of APIs offers users a way to “integrate their financial institutions, accounting and enterprise resource planning ( ERP ) systems and their account on GlobalPay,” according to the release. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).

Foreign Exchange 51

Foreign Exchange B2C Currencies B2B 51

PYMNTS

SEPTEMBER 4, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. In its efforts to expand, B2B Pay plans to raise about $411,000, which would go toward implementation of its core banking system and finance its pursuit of licenses.

B2B 59

B2B Banking Foreign Exchange Pharmaceutical 59

PYMNTS

AUGUST 27, 2019

The APIs for Treasury Services connect the bank’s more than 55 corporate clients and their treasurers to integrate a range of Citi’s financial services directly into their treasury and enterprise resource planning platforms. Those API calls originate from corporate clients using the CitiConnect platform.

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Treasury Foreign Exchange Banking Numbers 63

PYMNTS

DECEMBER 27, 2019

Also, China is planning to build its blockchain cross-border pilot program. China is in the midst of planning the development of its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE). Amazon Seeks Patent For Hand Recognition.

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Sales Retail Accounts Payable Foreign Exchange 52

PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. Illegal foreign currency trading of 472.3 Illegal foreign currency trading of 472.3

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. a new player, Rho, has stepped onto the scene with plans to focus on API connectivity. Open Banking Targets Corporates.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

MAY 31, 2019

that are potential customers for online savings accounts, like those offered by Marcus,” he added. Efforts in that space are in the midpoint of development plans for a “blueprint,” said the CFO at the time. “For “We estimate there are over $4 trillion consumer deposits in the U.S.

Foreign Exchange 65

Foreign Exchange CFO Leverage Banking 65

PYMNTS

DECEMBER 11, 2019

Recent reports in Accountancy Age said SMBs are largely unaware of open banking, with Intuit Quickbooks finding in a survey of U.K. SMB lender Just Cashflow announced a partnership with Ebury to integrate foreign exchange services as Just Cashflow augments its offering beyond SMB loans. SMB Accounting App Coconut Opens to Banks.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

JANUARY 29, 2018

Ripple’s xRapid is a foreign exchange investment vehicle that allows companies to take their U.S. Rather than MoneyGram putting millions in cash into a country and then exposing that cash to price volatility, Holmes said, they would be able to exchange money in real time and on the fly. Operating as a U.S.

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Planning Currencies Foreign Exchange Valuation 48

PYMNTS

SEPTEMBER 30, 2020

With the help of Nium, Aspire has announced plans to go “plastic-less” through the issuance of Visa corporate cards. From account opening to managing the finances, everything can be done within the Aspire app.”. Nium Teams With Aspire, Volopay. The collaboration will make every Aspire card available through Google Pay.

Foreign Exchange 77

Foreign Exchange Economics Accounting Banking 77

PYMNTS

DECEMBER 24, 2020

These O2C challenges are only compounded for businesses that conduct cross-border B2B payments, as these firms must manage shifting foreign exchange (FX) rates, varying international regulations and other variables to ensure that orders, invoices and payments are accurate.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

PYMNTS

FEBRUARY 15, 2019

HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. Last month, the bank announced plans for a cryptocurrency program that could lead to the first Iranian crypto. We’re able to demonstrate that this is not a one-off proof of concept, or just one or two trades,” he said.

Foreign Exchange 63

Foreign Exchange Risk Management Startups Currencies 63

PYMNTS

FEBRUARY 14, 2019

Finablr, a payments and foreign exchange company in the United Arab Emirates (UAE), said it will launch an Initial Public Offering (IPO) next month, according to reports. Finablr started in April of 2018 as an umbrella for companies like Travelex, Xpress Money and the UAE Exchange. He said he has no plans to do so right now.

Foreign Exchange 51

Foreign Exchange Healthcare Education Budgeting 51

PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

DECEMBER 20, 2017

Invoice Automation Solutions adds to the services already offered by Global Exchange, which include cross-border payment services, foreign exchange (FX) risk management and the integration of these services into existing accounting and enterprise resource planning (ERP) systems. “We

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Invoicing Foreign Exchange Risk Management Accounting 46

Future CFO

MARCH 30, 2020

Revisit, reconsider, reshape Most organisations are likely to have everything in place to close 2019 accounts, but they should still assess the impact of the coronavirus crisis on their business and think about any risks or uncertainties, as well as any mitigating actions that may need to be included as disclosures.

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Foreign Exchange Auditing Accounting Valuation 40

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. For the better part of 30 years, Argentina has been making economic headlines for the wrong reasons.

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Currencies Economics Foreign Exchange Investments 52

PYMNTS

NOVEMBER 22, 2019

Further, this week’s B2B Venture Capital roundup finds VC funding isn’t the only investment strategy for B2B FinTechs, with (mergers and acquisitions) M&A activity seeking a spike, as well as some high-profile plans by industry players to go public. The company plans to acquire People HR and The Payroll Service company.

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Mergers and Acquisitions (M&A) B2B Foreign Exchange Startups 43

PYMNTS

NOVEMBER 29, 2017

FairFX is stepping deeper into the world of business banking with plans to launch a small business (SMB) current account, reports said Tuesday (Nov. According to news from Proactive Investors , FairFX plans to launch its small business current account, Fair Everywhere, in early 2018.

Banking 40

Banking Foreign Exchange Planning Accounting 40

PYMNTS

AUGUST 14, 2020

Regardless of where an organization or industry might be in that shift, Sinha said corporate treasurers need to be involved in their firms’ strategies and planning processes far earlier than they have historically been. Treasury is very well-positioned to handle all of these activities,” added Sinha.

eCommerce 118

eCommerce B2C Treasury B2B 118

PYMNTS

JANUARY 13, 2017

12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

AUGUST 14, 2018

Today’s coverage includes Australian plans to gain access to encrypted data, along with a funding boost for blockchain. Its AxCore technology is being used in a variety of markets, including complex derivatives and high-volume foreign exchange. Welcome to Five at Five, your late look at the day’s payments and commerce news.

Foreign Exchange 40

Foreign Exchange Numbers Banking Retail 40

PYMNTS

AUGUST 9, 2017

As the company moves closer into corporate payments and, FairFX is planning an acquisition to aid in this expansion and augment its offerings. The company is reportedly planning to acquire CardOne , reports Tuesday (Aug. CardOne provides digital banking and current account solutions; FairFX will reportedly make the acquisition for $19.5

Foreign Exchange 40

Foreign Exchange Currencies Finance Banking 40