PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release.

Banking 71

Banking Cash Management Compliance Finance 71

Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. According to Dion Global Solutions , which provides banks with software to maintain compliance with regulations like PSD2, FIs aren’t exactly ready for this next phase in payments speed.

Banking 77

Banking Compliance Cash Management Securities 77

PYMNTS

SEPTEMBER 22, 2016

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new bank. “When we look at where the market is moving, clients expect to transact globally and to trade globally, to have a cash management account in Hong Kong and an FX trading accounting the U.K.

Banking 75

Banking Compliance Prioritization Auditing 75

PYMNTS

JUNE 10, 2019

Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting. The bank said it improved its Swift IT system and fixed eight of the 11 major issues laid out in the report. and Ireland.

Banking 55

Banking Auditing Cash Management Compliance 55

PYMNTS

MARCH 4, 2020

And while the headlines may focus on the battle for the individual consumer’s share of wallet, banks are facing an increasingly competitive environment when it comes to getting — and, of course, keeping — corporate clients. The Rise Of Intelligent Engagement In Corporate Banking. And the corporates themselves?

Banking 81

Banking Cash Flow Forecasting Forecasting Prioritization 81

PYMNTS

APRIL 3, 2019

Large corporates across Asia are driving digital transformation of banking and treasury management in the region, according to new analysis from Greenwich Associates. Analysts said treasurers are focused on the acceleration of banking and treasury processes, as well as the ability to make these tasks more affordable and transparent.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

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 Benchmarking Cash Management 129

PYMNTS

NOVEMBER 30, 2017

That doesn’t mean banks and other financial service providers should delay implementing changes to comply with PSD2, though, according to Deutsche Bank. released in conjunction with payments consultancy PPI AG, highlighted speed bumps likely to arise as banks hustle to become PSD2 compliant when the Jan.

Banking 43

Banking Compliance Cash Management Securities 43

PYMNTS

SEPTEMBER 19, 2017

While non-bank financial institutions (FIs) and FinTechs may be keeping traditional banks on their toes, banks still have the largest piece of the corporate banking pie.

Banking 43

Banking Cash Management Compliance Technology 43

Boston Startup CFO

APRIL 3, 2023

This includes managing invoices, receipts, and payments, as well as reconciling bank statements. Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

The Charity CFO

JUNE 7, 2023

Is this just a necessary evil just to meet compliance requirements , and make sure there’s enough cash in the bank? By examining the cash flows related to investing activities, it helps assess the organization’s ability to fund capital projects, acquire assets, and allocate resources strategically.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Strategic Planning 52

Spreadym

APRIL 27, 2023

Features of budgeting and forecasting software help users plan the future cash flow. Cash flow management: Software tools for cash management can help business manage the performance of cash flow by providing detailed cash flow statements and projections.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

MARCH 8, 2019

Reports in the Global Banking & Finance Review said this week that HSBC launched the APIs and developer portal to enable third-party payment companies to deploy their own solutions for business and consumer customers. under its Commercial Banking unit. Head of Digital Banking EJ Achtner in a statement last October.

Cash Management 67

Cash Management Compliance Banking Accounting 67

The Finance Weekly

MARCH 5, 2024

This often involves replacing outdated ERP systems or implementing new cash management solutions. Question 3: Successful Training and Adoption Which software's training and adoption process was exceptionally well-managed across different teams, facilitating a smooth transition or implementation?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

PYMNTS

JULY 21, 2020

With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cash management operations. “It’s not about incentives, it’s about necessity. ”

Treasury 64

Treasury Cash Management Data Analysis Compliance 64

Future CFO

DECEMBER 11, 2023

In the US, the US Federal Reserve is set to introduce to the local market FedNow – an instant payment solution that will enable customers of participating banks and credit unions to instantly send and receive money transfers outside of traditional banking hours. Banks are now into the development of mobile platforms,” Austria added.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7 Cash invested on the platform, said the company, stands at $2.7

Cash Management 53

Cash Management Data Analysis Credit Risk Risk Management 53

PYMNTS

JUNE 12, 2017

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Combine that with the finding that B2B payments are becoming increasingly complex, with two-thirds of respondents saying they originate payments with at least three banks.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

FEBRUARY 6, 2017

based financial institutions have always had to gain access to the Faster Payments network through larger sponsor banks that provided indirect links to the service. It is able to process 10,000 transactions per second from a full range of payment sources, such as mobile and internet banking or ATM and POS devices. “We

Cash Management 46

Cash Management Compliance Technology Banking 46

PYMNTS

JUNE 7, 2018

challenger bank Arro Money , which launched its small business bank account service last December, has debuted its newest product designed for sole traders. The challenger bank first launched its small business account service late last year following a Series A fundraiser.

Accounting 53

Accounting Cash Management Compliance Banking 53

PYMNTS

OCTOBER 11, 2018

Beyond that trading, noted Forbes , there has been speculation that banks would embrace Ripple to move money through cross-border conduits. In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX platform.

Cash Management 77

Cash Management Compliance Investments Banking 77

PYMNTS

JUNE 10, 2016

For financial institutions, procurement means working with external suppliers that could potentially introduce the bank to risks that permeate far beyond the FI’s internal walls. Ian Cotter, a director at procurement firm GEP , told PYMNTS that supplier management is critical for banks today.

Banking 41

Banking Risk Management Cash Management Compliance 41

PYMNTS

DECEMBER 11, 2020

Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits.

eCommerce 70

eCommerce Cash Management Retail Compliance 70

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

Treasury 66

Treasury Cash Management Compliance Startups 66

PYMNTS

DECEMBER 11, 2019

Of course, that’s not always easy when industry participants are forced to rely on state-chartered banks, or no banks at all. “These banks don’t necessarily have all the tools and technology” that market players need. An Emerging Late Payments Problem.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. “Each bank has a different way of presenting information back to you,” he explained. ” From Onboarding to Compliance. .

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Electronic bank transfers (16 percent) and regular ACH (11 percent) are also popular. So, what’s the problem?

Construction 76

Construction Cash Management Compliance Banking 76

PYMNTS

OCTOBER 17, 2018

So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. As marijuana was, previously, a banned substance in the state, those interested in purchasing and selling it relied on cash. The industry is looking for basic banking services,” she said. “If

Compliance 50

Compliance Manufacturing Banking Retail 50

PYMNTS

APRIL 20, 2016

Treasury management firm Reval, which provides cloud-based cash management solutions, is now linking its corporates into the SWIFT network. With the formal alliance between SWIFT and Reval, companies will have a mutually supported source of service for their bank connectivity needs.”. Ed Adams in a statement.

Treasury 40

Treasury Cash Management Compliance Banking 40

PYMNTS

DECEMBER 5, 2019

Staff spend too much time and effort on managing payments, expense claims, reimbursements, approvals, accounting and internal front- and back-end processing,” he said, adding that a “lack of control” is also a major pain point, with managers often lacking real-time, streamlined visibility into who is spending company money, how and with whom.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

SEPTEMBER 26, 2016

As a result, the call for banks to keep pace continues. More banks have begun to recognize the need to buy into the digital-first frame of mind in order to produce digital offerings. The report said 79 percent of bank executives view FinTech businesses as partners with high potential to collaborate.

Risk Management 73

Risk Management Cash Management Compliance Securities 73

PYMNTS

MARCH 2, 2016

Last week, Ripple published a report outlining some of its boldest claims about the potential of distributed ledger technology, including that it could save banks money. We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global Interbank Settlements.”

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

JUNE 21, 2016

Nearly 80 percent said they had taken some kind of measure to make up for the financial cost of compliance. For instance, more than one-third of companies surveyed said they had taken either new or unexpected steps to manage cash in the last five years.

Economics 40

Economics Compliance Finance Auditing 40

Strategic Treasurer

MARCH 6, 2023

So, there’s a number of different areas where people can have a different view of cash and that’s really important because how accounts look at cash is for general reporting purposes is a general function of liquidity for their purposes, but there’s a treasury view of cash which is, what funds do I have that are liquid?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

PYMNTS

DECEMBER 31, 2020

In our crazy banking system, you don’t actually have to prove who somebody is to put their name on a piece of paper and stick it in the mail,” he noted. That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated or identity cannot be verified.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

JANUARY 21, 2019

Despite the fact that Visa and Mastercard submitted their applications to process renminbi payments over a year ago, reports this week indicated that China’s central bank has yet to acknowledge those applications. It’s a funny spin on World Trade Organization compliance. Card Networks Have Trouble Getting Into China.

Banking 49

Banking Sales Cash Management Compliance 49