PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

Future CFO

JUNE 1, 2025

The region is experiencing easing inflation and interest rates yet remains challenged by heightened geopolitical tensions, especially between the US and China, which impact currency volatility and supply chain strategies. Integration platforms that connect ERPs and banks provide seamless, real-time insights, enhancing decision-making.

Economics 59

Economics Mergers and Acquisitions (M&A) Treasury Cash Flow Forecasting 59

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

Global Finance

JULY 26, 2024

African banks are empowering clients with greater access to real-time data and greater control over their cash. A fragmented regulatory environment, uneven access to financial services, a shallow pool of readily available funds, and currency controls and limitations in some African markets can lead to trapped cash.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

Global Finance

OCTOBER 21, 2024

Following growth in cross-border payments, Bank of America on Sunday introduced Guaranteed FX Rates of up to one year, the longest tenor available in the industry. Long-term guaranteed fixed rates allow corporate treasuries to enhance financial stability, optimize liquidity, and align cash management practices with overall corporate strategy.

Cash Flow Forecasting 111

Cash Flow Forecasting Treasury Cash Management Forecasting 111

Global Finance

JULY 26, 2024

Companies operating in Central and Eastern Europe (CEE) continue to face unique challenges when it comes to cash management, due to a mix of economic development and regional variations. ING wins as the Best Bank for Cash Management.

Cash Management 52

Cash Management Treasury Currencies Banking 52

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 Cash Management Benchmarking 129

PYMNTS

JUNE 23, 2020

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. RTP Gains Community Bank Traction. Bank Of Thailand Readies New Infrastructure. In the U.S.,

Cash Management 106

Cash Management Currencies Banking B2B 106

PYMNTS

JUNE 11, 2020

Whether it’s the result of necessity in a remote working environment or of a slowdown in business that frees up time to focus on the transformation, organizations are quickly flocking to their banks and FinTech partners to finally do away with paper in the back office. Interconnected Finances. Typically, change is slow.

Cash Management 60

Cash Management Invoicing B2B Accounts Payable 60

PYMNTS

MARCH 16, 2016

In a first for the Bank of China, the financial institution has linked up with its first foreign bank for interbank cash management of a corporate client. Reports on Tuesday (March 15) said Germany’s Deutsche Bank is collaborating with Bank of China, and the result of that partnership has gone live.

Cash Management 40

Cash Management Banking Treasury Currencies 40

Global Finance

JUNE 11, 2025

Manish Kohli , HSBC HSBC HSBC’s 2023 acquisition of Silicon Valley Bank’s UK operations led to the creation of its HSBC Innovation Banking unit, with innovation teams in the US, Israel, and Hong Kong joining a 600-strong UK team. The experience likely provided valuable lessons for HSBC.

Compliance 52

Compliance Foreign Exchange SAP Banking 52

PYMNTS

JANUARY 30, 2017

Used to be that managing a company’s liquidity and cash position was a matter of reconciling disparate bank accounts at the end of the day. The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies.

Cash Management 49

Cash Management Treasury Invoicing Currencies 49

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

NOVEMBER 28, 2019

Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. The feature will enable customers to earn 2.05

Banking 75

Banking Valuation Cash Management Currencies 75

PYMNTS

SEPTEMBER 8, 2020

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. Mobile banking apps mean we can check bank balances and pay bills on the fly. You’ve got to adhere to currency cut-off times. That’s especially true in our day-to-day lives as consumers.

Currencies 107

Currencies Treasury Cash Management Accounting 107

PYMNTS

DECEMBER 7, 2020

What's more, third-party platforms force sellers to wait to access their revenues, making cash management an even more arduous process. On top of capital constraints they need to deal with, they also need to deal with complicated tax schemes and exposure to different currencies.". An Alternative To Banks.

eCommerce 142

eCommerce Finance B2C B2B 142

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

DECEMBER 7, 2020

The company was founded in 2011 and has worked to capitalize on banks' reduced focus on lending after the late 2000s financial crisis, working on refinancing student loans early on and has since also worked on mortgages and personal loans, according to Reuters. It has also begun work in stock trading and cash management accounts.

Startups 107

Startups Cash Management Currencies Finance 107

PYMNTS

JULY 9, 2019

The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management. HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8).

Accounting 54

Accounting Banking Cash Management Treasury 54

Global Finance

JUNE 6, 2024

Its new generative AI tool analyzes and summarizes the minutes and announcements from the Monetary Policy Committee of Brazil’s central bank and the Federal Open Market Committee of the US Federal Reserve. Bradesco’s resource managers are the tool’s main users. Its use could lead to revenue gains of as high as 4.2

Construction 110

Construction Compliance Cash Management Banking 110

Global Finance

MAY 1, 2025

The strategic and operational aim of the IFIs is to increase digitalization to drive efficiency, gain new customersparticularly at the higher end of retail and commercial bankingand raise competitiveness in challenging banking markets. In addition, wealth management activities have become increasingly important.

Finance 83

Finance Banking Retail Investments 83

Global Finance

SEPTEMBER 9, 2024

Access to finance was a huge concern at the start of the pandemic [in 2020] as thoughts turned to the global financial crisis and a potential repeat of bank insolvency,” notes Kristen Roberts, partner and head of the London corporate debt practice at HSF. “So One of the products of that is that cash is again king, as it was in the ’90s.”

Mergers and Acquisitions (M&A) 106

Mergers and Acquisitions (M&A) Treasury Currencies Finance 106

PYMNTS

NOVEMBER 14, 2018

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.

Banking 78

Banking Treasury Forecasting Corporate Finance 78

PYMNTS

NOVEMBER 2, 2020

Data flows and transparency can help corporate treasurers and chief financial officers act strategically in day-to-day cash management and optimize working capital as they break down silos within their own companies. Delving Into Digital Currencies. They want the data [and] they want the information,” said Phalen.

B2B 119

B2B Currencies Healthcare Cash Management 119

Simply Treasury

JUNE 3, 2021

Major priorities over the next one to two years: We are not surprised that Cash-Flow Forecasting comes out on top when the COVID crisis has been hitting us for the past year. Here again, it seems to us that the need to dematerialize, digitize and automate is logical to make companies more resilient and efficient in their financial management.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 22, 2021

In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health. "But But they need to be planned for.".

Treasury 103

Treasury Concentration Currencies Banking 103

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. In 2016, researchers at Coversy revealed the majority of U.K. Necessary Planning.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

Future CFO

FEBRUARY 7, 2024

Risk mitigation and strategic financial management The increasing complexity of risk factors requires companies to adopt a more strategic and analytical approach to risk policy. The events such as the Silicon Valley Bank situation serve as reminders for companies to proactively address risks and strengthen risk management policies.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

PYMNTS

SEPTEMBER 30, 2016

A new survey by JPMorgan finds corporate treasurers consider China’s recent currency exchange rate reforms to have had the most impact on their businesses. Last year, the People’s Bank of China made an adjustment to the Chinese yuan (CNY) reference rate, which has seen a 7.4 Reports on Thursday (Sept.

Currencies 67

Currencies Cash Management Economics Banking 67

PYMNTS

NOVEMBER 16, 2018

iBanFirst enables businesses to transfer money from their bank accounts to an iBanFirst account, and allows those funds to be transferred into and held in 28 different currencies. The company makes FX rates and fees clear, and said its service is cheaper than making cross-border payments through bank providers.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

SEPTEMBER 18, 2019

Open banking has opened the path toward a number of banking/FinTech and digital partnerships leveraging APIs to speed innovations. The companies said that the pact lets Horde gain access — through a single point — to the API network offered via Neonomics, with data across 1,300 banks.

Foreign Exchange 68

Foreign Exchange Treasury Currencies B2B 68

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. To that end, this week PNC Bank said it has reached a deal to buy Tempus Technologies for an undisclosed sum.

Banking 60

Banking Treasury Cash Management Invoicing 60

PYMNTS

JUNE 12, 2017

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. More than a fifth said they’re working with 11 or more banks, and 13 percent said they work with 21 or more banks. Payments Rails.

Banking 60

Banking B2B Currencies Technology 60

PYMNTS

NOVEMBER 8, 2018

In addition, Erste Bank has updated its MobilePay offering in Hungary , and Wallex Technologies has officially rolled out its products in Indonesia. In Hungary, Erste Bank has upgraded its mobile wallet called Erste MobilePay to provide new functionality to its customers, according to reports.

Banking 51

Banking Transportation Cash Management Currencies 51

PYMNTS

JANUARY 17, 2019

Goldman Sachs has been around since 1869, and may exist in the mind’s eye with pile carpeting, wood paneling and being among the more entrenched players in traditional wealth management and on Wall Street. The digital age is upon us, though, and the bank is proving nimbler than perhaps some might think. News came Wednesday (Jan.

Investments 74

Investments Cash Management Treasury Banking 74

PYMNTS

FEBRUARY 3, 2017

Bank of America Merrill Lynch announced Thursday (Feb. 2) that it has substantially increased its international payments capabilities via the bank’s online and file-based banking portal CashPro. Bank of America said it has created an easier and more cost-effective way for companies to pay vendors, contractors and customers.

Banking 40

Banking Currencies Cash Management Economics 40

CFO Simplified

OCTOBER 10, 2023

And certainly, the banking environment has changed dramatically. Cash moves nearly instantaneously from one account to another. The personal banker at large banks is a figment of our imagination, and community banks have picked up the mantle of personalized service. Changing banks is a real pain. I don’t think so.

Banking 52

Banking Cash Flow Forecasting Forecasting Treasury 52