PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

DECEMBER 28, 2018

The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. The five companies — Forex Club, Alpari Forex, Trust Forex, InstaForex and TeleTrade — will see their licenses expire on Jan.

Foreign Exchange 87

Foreign Exchange Banking Compliance Securities 87

PYMNTS

DECEMBER 10, 2020

The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement. The tool is aimed at improving speed, security, transparency and compliance. . 10) press release. Customers can make payments via Bank of America’s SWIFT gpi solution.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

MAY 13, 2020

Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort. Paving Way For Faster B2B Payments. In all cross-border B2B payment scenarios, transparency is also critical to promoting efficiency. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

FEBRUARY 25, 2020

Others, meanwhile, have turned their attention to the accounts receivable end of a B2B transaction. Standardizing these integrations means boosted visibility, the company said, while reducing costs, improving compliance and addressing the growing threat of fraud. Kyriba Streamlines Connectivity. Rapyd Wields The Visa Network.

Foreign Exchange 56

Foreign Exchange B2B Compliance Accounting 56

PYMNTS

MARCH 1, 2017

A big part of being successful in multicurrency payment processing is building a solid compliance regimen, which adds on another layer of complexity for a highly regulated banking industry with ever-changing regulations. Banks must be able to do this all in a way that is both efficient and maximizes revenue. New Challenges, Old Systems.

B2B 58

B2B Foreign Exchange Compliance Banking 58

PYMNTS

DECEMBER 8, 2017

Artificial intelligence ensures regulatory compliance and fraud protection. With our API, businesses can now seamlessly send payments to over 220 countries for as little as $1 per transaction, with live foreign exchange rates, and delivering funds direct to bank accounts as opposed to a recipient’s eWallet.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. Foreign exchange risk alone increased 8 percent for this market in Q3, and by 13 percent since the start of the year, the report found. Trade tensions between the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

MARCH 6, 2017

An article in a publication owned by the regulator called for a more open, competitive domestic foreign exchange (FX) market that enables a flexible FX rate mechanism to mitigate against cross-border capital fluctuation, according to reports. Deputy head of the State Administration of Foreign Exchange Fang Shangpu penned the article.

Foreign Exchange 40

Foreign Exchange Marketing Compliance Currencies 40

PYMNTS

OCTOBER 11, 2019

After one of the busiest weeks of the year for B2B startup venture capital funding, this week revealed a bit of a lull in the market. Still, investors placed more than $368 million into the space, often in the form of Series B rounds for a range of B2B players, including fleet management, small business (SMB) banking and global payments.

Foreign Exchange 67

Foreign Exchange Startups B2B Investments 67

PYMNTS

OCTOBER 1, 2019

.’s many so-called digital challenger banks, Revolut started its evolution as a pre-paid card attached to an app that gave users an easy mechanism for paying abroad without foreign exchange fees. The platform has since expanded its digital services to include crypto accounts, B2B accounts and stock trading.

Foreign Exchange 43

Foreign Exchange Valuation Compliance B2B 43

PYMNTS

MARCH 17, 2020

Cross-border retail and business transactions, said Caldeira, typically have carried higher costs — tied to more complex bilateral processing procedures, complex compliance requirements and the overhead of having to manage both liquidity and foreign exchange (FX) risk — than domestic ones.

Foreign Exchange 91

Foreign Exchange Compliance Securities Startups 91

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. Just Cashflow Taps Ebury for FX. In the latest demonstration of FinTech-to-FinTech integration, U.K.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Meanwhile, other partnerships between banks and FinTechs embrace data sharing to target friction for joint small business customers.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

JANUARY 2, 2017

and Mexico is really efficient, but B2B transfer between here and China is just very convoluted,” he said. strongly preferred digital channels for payment approvals, account information and foreign exchange transactions. The need for faster B2B payments between the U.S. and other countries, Dunworth said. million.

Foreign Exchange 42

Foreign Exchange B2B Compliance Accounting 42

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. Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

NOVEMBER 27, 2018

In a new report , “A vision for the future of cross-border payments,” SWIFT and McKinsey & Company found that B2B cross-border transactions accounted for $125 billion in revenues last year. However, B2B global payments revenue margins are the smallest of any category at just 0.1

Foreign Exchange 49

Foreign Exchange B2B Banking Compliance 49

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. This embrace comes as corporates are just starting to work with faster payments.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies B2B 40

PYMNTS

APRIL 3, 2019

” In areas like foreign exchange management, trade, and cash management, working with FinTech third-party providers will be an important part of the digitization journey. Today, the report found, most treasurers prefer to work with traditional banks, thanks to their competitive advantage of customer trust and compliance.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

PYMNTS

APRIL 16, 2020

Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies. Currencycloud, Derivative Path Team for Bank FX Solutions.

Finance 67

Finance Foreign Exchange Compliance Banking 67

PYMNTS

JANUARY 25, 2018

According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreign exchange (FX) and risk management solutions. Together, the firms will target middle-market businesses looking to grow internationally.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

DECEMBER 4, 2017

Through their collaboration, RailsBank customers will also gain access to Airwallex’s cross-border payments and foreign exchange (FX) services. -based RailsBank, an open banking platform that facilitates connectivity into the U.K. and the EU’s SEPA zones. Mastercard and Sequoia Capital also participated, the firm said in May.

Foreign Exchange 49

Foreign Exchange Startups Compliance Banking 49

PYMNTS

APRIL 22, 2016

But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. This involves treasurers collaborating with their banks and FinTech providers to forecast the direction of the FX market, while maintaining compliance with corporate policy on hedging. Amid the U.S.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

PYMNTS

MARCH 2, 2016

It’s an error-prone process, the report added, with banks still handling the cost of compliance, payment processing and FX. The most obvious is foreign exchange, the cost to sell and buy another currency. The Case For XRP . For Ripple, XRP is the digital asset that operates on its infrastructure.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

APRIL 29, 2016

The problem, he points out, may start with payment, but it soon extends into many critical risk and compliance activities, including KYC. One of the biggest gotchas, he says, is risk compliance and KYC, especially for those that try to build an in-house solution from the ground up. HAPPY PAYEE, HAPPY PROCESS.

Foreign Exchange 40

Foreign Exchange Compliance Leverage Economics 40

PYMNTS

MAY 31, 2016

Foreign exchange rates. The platform extends across parent company BitGold’s customer base, including consumers and enterprises, and runs the gamut of B2B payments across supply chain, services-oriented relationships and, importantly, across borders. Paper checks. Settlement times.

B2B 47

B2B Foreign Exchange Currencies Compliance 47

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast. But in the conversation of supply chain risk, there is no single focus.

Risk Management 54

Risk Management Compliance Foreign Exchange Communication 54

PYMNTS

JUNE 15, 2017

It also provides users with access to the company’s wide-reaching global payments network and access to global compliance programs to ensure overseas commerce transactions are in line with existing local legal requirements. The Western Union API sits on top of a global network of bank accounts, which are monitored by a compliance engine.

B2B 70

B2B Foreign Exchange Compliance Leverage 70

PYMNTS

SEPTEMBER 18, 2018

The tool will integrate Thomson Reuters’ World-Check and FXall solutions to provide Know Your Customer compliance and foreign exchange management features. .” The Receivables Board app will launch on Thomson Reuters’ Elkon platform, according to Thomson Reuters Head of Asia Customer Proposition Stuart Brown.

Finance 48

Finance SAP Foreign Exchange Compliance 48

PYMNTS

MARCH 1, 2018

The B2B ground transportation segment also has to cater to the differing corporate cultures around the world. Mac acknowledged a “learning curve” when entering into such an ecosystem of differing rules, language barriers and foreign exchange demands — the latter of which can also significantly complicate the expense management process.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Foreign Exchange 40

Foreign Exchange Compliance Finance Banking 40

PYMNTS

OCTOBER 6, 2017

Payslip’s solution to the problem is to provide a platform through which all payroll vendors and data can be aggregated, integrating with treasury systems, providing a more simplistic view of payroll (in a single currency), ensuring regulatory compliance across borders and safeguarding the data.

Marketing 55

Marketing Treasury Foreign Exchange Prioritization 55

PYMNTS

FEBRUARY 26, 2016

“Being a technology platform, the first step before going global was to integrate different currencies across the world and exchange rates on our platform,” Devanath explained. But there’s more than foreign exchange to a cross-border investment deal.

Foreign Exchange 52

Foreign Exchange Valuation Currencies Investments 52

PYMNTS

AUGUST 22, 2016

Of course, the issue of exposure to foreign exchange volatility is a massive challenge. Lobo said he’s experienced cases where some businesses aren’t even sure how much they’re really paying their employees across borders and currencies until after the transaction is settled.

Foreign Exchange 41

Foreign Exchange Currencies Accounting Planning 41

PYMNTS

NOVEMBER 19, 2018

Even for companies in markets with robust correspondent banking operations, high and hidden bank fees , foreign exchange volatility, and a lack of speed and visibility into the status of a transaction have all opened up opportunities for FinTechs in the cross-border business payments market to address these points of friction.

Foreign Exchange 74

Foreign Exchange Currencies Banking Invoicing 74