PYMNTS

NOVEMBER 13, 2020

With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to small business payments. The company helps B2B businesses manage product information on their sales channels in support of commerce digitization. million in new funding for U.K.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

SEPTEMBER 20, 2020

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. We are looking forward to working together with this international player in our ecosystem.".

Foreign Exchange 120

Foreign Exchange B2B Currencies Economics 120

PYMNTS

SEPTEMBER 17, 2019

Travelex , part of the United Arab Emirates-based Finablr , is rolling out a FinTech business-to-business (B2B) platform called Travelex Business, IBS Intelligence reported on Tuesday (Sept. The new platform will feature an API-led platform to offer customers cash management , cross-border payments and retail currency conversion.

B2B 60

B2B Foreign Exchange Currencies Cash Management 60

PYMNTS

FEBRUARY 18, 2020

18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. As the world’s supply chains move into settlements in local currency, Deutsche Bank wanted to make sure it offered that service for clients in Sri Lanka. Deutsche Bank announced on Tuesday (Feb.

Foreign Exchange 60

Foreign Exchange Banking Currencies B2C 60

PYMNTS

NOVEMBER 3, 2020

This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South-East Asia,” Statrys Founder and CEO Bertrand Theaud said in the announcement.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

DECEMBER 9, 2020

With B2B eCommerce now a booming segment thanks to accelerated digitization in the last year, cross-border trade volume is expected to rise. He told PYMNTS that this trust deficit creates especially large pain points in an already complicated B2B payment process. But global trade is a complicated operation, to say the least.

B2B 64

B2B Foreign Exchange eCommerce Finance 64

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. However, that understanding has not traditionally been the focus of B2B payments service providers. and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

NOVEMBER 16, 2020

Across Asia, an ongoing boom in global eCommerce volume, coupled with a convergence of market conditions, has made cross-border B2B trade a booming business — and a potentially lucrative one for small and medium-sized enterprises (SMEs). Currency Conversion Headache. Across Asia, Theaud explained, invoices are often issued in U.S.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The FX solutions were developed for small- and medium-sized businesses (SMBs) dealing with business-to-business (B2B) cross-border transactions.

Foreign Exchange 52

Foreign Exchange Currencies B2B Invoicing 52

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Plus, those back office platforms aren’t always integrated with each other, either.

B2B 62

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

PYMNTS

FEBRUARY 8, 2019

marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs). 7), while also helping SMBs save on foreign exchange (FX) costs. Employees who use the prepaid card can have their transactions monitored by managers in real time. .

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

PYMNTS

NOVEMBER 7, 2019

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

JUNE 19, 2020

That’s not only because eCommerce opens up a potential buyer pool to customers outside of one’s home market, creating the need for companies to accept payment in different currencies. It also has implications on the B2B side of operations, said Remitr CEO and Co-founder Kanchan Kumar. A Multi-Currency Opportunity.

Foreign Exchange 56

Foreign Exchange Currencies B2B Accounting 56

PYMNTS

MARCH 16, 2020

Western Union, known for cross-border payments and money moving maneuvers, will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program, the release states.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63

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). Around The B2B API World. APIs are also helping FIs disburse loans.

eCommerce 63

eCommerce Banking Foreign Exchange B2B 63

PYMNTS

NOVEMBER 17, 2020

Customers will be able to compare purchase orders alongside invoices before going to straight to payment in more than 145 currencies with the AP technology of Beanworks and the payments technology of Cambridge brought together. Firms can start wire transfers and other payments with the Beanworks system as a result of the collaboration.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

MARCH 5, 2019

WorldFirst is looking to expand its B2B payments position through an acquisition of CurrencyVue, the company said on Monday (March 4). CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. and the U.K.

B2B 43

B2B Foreign Exchange Risk Management Invoicing 43

PYMNTS

MAY 12, 2017

The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company. In comparison to P2P transfers, B2B payments logistically involve more heavy lifting, Laven said.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

JANUARY 13, 2017

CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. The firm also introduced new cross-border corporate payment solutions in 2016, with capabilities to transact in more than 140 currencies.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

OCTOBER 23, 2018

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. 8) that three unnamed sources revealed Citi is advising on the process as GPS, which provides foreign exchange services to mitigate FX risk for corporate clients, seeks a buyer. corporates lost a combined $23.39

Foreign Exchange 43

Foreign Exchange Marketing Sales B2B 43

PYMNTS

SEPTEMBER 27, 2018

The unit provides small- and medium-sized businesses (SMBs) with cross-border supplier payment services , enabling those companies to pay vendors in their local currencies to mitigate against foreign exchange risk and fees. Western Union said via a spokesperson that it does not comment on M&A speculation.

Sales 79

Sales B2B Foreign Exchange Valuation 79

PYMNTS

AUGUST 2, 2019

In B2B, cross border payments are about much more than dollars and cents. The greenback and the hard currencies of developed economies (think Great Britain, Germany or Japan) take center stage and the lion’s share of headlines about currency movements. We mean that literally.

B2B 41

B2B Marketing Foreign Exchange Currencies 41

PYMNTS

OCTOBER 8, 2019

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday (Oct. enabling those firms to access a custom platform that integrates with Citi’s existing foreign currency payments solution.

Foreign Exchange 74

Foreign Exchange Treasury Currencies Banking 74

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. All of this is really manual," noted Gulati. "If

Mergers and Acquisitions (M&A) 61

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

PYMNTS

OCTOBER 22, 2020

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. How B2B Sellers Overcome International AR Challenges. trillion worth of sales by 2024. About The Playbook.

Invoicing 63

Invoicing Foreign Exchange B2B Accounts Payable 63

PYMNTS

OCTOBER 22, 2019

They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations. International B2B Payments Pains. Limited connections between FIs can cause delays and higher costs as well. Mexico transactions in 2018.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. “During the past quarter, exchange rates across the world have been in a state of fluctuation, partly due to trade issues — not just Brexit, but also the U.S. Trade tensions between the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

JULY 10, 2019

Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform. Custom remittance information can be sent directly back to the foreign vendor, while the service also supports custom reporting for a buyer’s own back-office processes.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

DECEMBER 4, 2019

This week, the firm announced a collaboration with Ebury to integrate foreign exchange (FX) and cross-border payment services into its product suite. Some businesses just accept forward currency exchange risk without knowing that it could be covered at low cost,” he said. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

SEPTEMBER 20, 2020

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. AFEX provides services in over 100 currencies and has over 35,000 customers, according to the press release.

Foreign Exchange 121

Foreign Exchange Currencies Accounting Investments 121

PYMNTS

OCTOBER 23, 2019

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company focuses on global currency trading solutions and financial services in both the B2B and B2C frontier.

Restructuring 40

Restructuring Foreign Exchange Securities B2C 40

PYMNTS

DECEMBER 15, 2020

In B2B payments, added Visa Direct Vice President of Global Segments and Market Development Tim Summers , businesses don't care exactly how funds get from Point A to Point B, but the rails that facilitate the movement of funds must do so seamlessly. When we think about rails, we think about them as a means to an endpoint," he said.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

PYMNTS

MARCH 9, 2018

Foreign exchange solutions company OANDA is enhancing its application programming interface (API) that opens up its foreign exchange (FX) technology to third-party apps. The company announced news on Thursday (March 8) that its Exchange Rates API has been updated to include real-time FX rates.

Foreign Exchange 70

Foreign Exchange Currencies Treasury Technology 70

PYMNTS

APRIL 16, 2020

In addition, Deutsche Bank has also made headlines for its work in Sri Lanka helping with a new digital foreign exchange program. That program is intended to keep the bank in line with modernity from other entities, which are beginning more and more to use local currency conversions when operating on cross-border deals.

Foreign Exchange 91

Foreign Exchange Currencies Banking Technology 91