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Profile Software Unveils FX Risk Management Tool

PYMNTS

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering.

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Canada’s Path Toward B2B Payables Modernization

PYMNTS

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. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and risk management.

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Western Union Business Solutions Enhances FX Automation

PYMNTS

Western Union is partnering with Integral for a new risk management mechanism called Integral BankFX, according to a press release. But instead, the firm has made a new name for itself with white-label business, B2B work and partnerships with big players that have made it savvy in the new age.

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moneycorp Expands FX Currency Services Into Canada

PYMNTS

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. On the corporate side, moneycorp said it will be working with clients seeking “risk management hedging solutions” to help buffer the impact from “volatile currency markets,” the company said in its press release.

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WorldFirst’s CurrencyVue Takeover Signals B2B Payments Push

PYMNTS

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.

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B2B eCommerce Tips The VC Scales

PYMNTS

More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. See all of the latest B2B fundraises below. million in the B2B eCommerce startup, MENAbytes reports said. FinBox plans to use the investment on product research and development. SaaSOptics. Clix Capital.

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Cambridge Global Payments Automates X-Border AP

PYMNTS

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.