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.

Treasury 107

Treasury Currencies Cash Management Accounting 107

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 Finance Currencies 107

PYMNTS

JULY 25, 2018

Oracle Financial Services recently announced the launch of a platform designed for corporate banking customers that are in need of consolidated, streamlined views of their global banking operations. The company announced Tuesday (July 24) that its Oracle Banking Virtual Account Management solution is now available to corporate banks.

Accounting 40

Accounting Banking Cash Management Currencies 40

PYMNTS

SEPTEMBER 4, 2018

In a new report released from Deutsche Bank’s Global Transaction Banking unit, analysts noted that faster payments are shifting treasurers to embrace real-time processes. One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

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

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

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

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

MARCH 6, 2018

New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cash management provider. We don’t want the bank coming to me in a year’s time and saying this product that we’ve offered you is unprofitable,” one U.S.-based

Banking 43

Banking Benchmarking Treasury Cash Management 43

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

PYMNTS

FEBRUARY 22, 2018

Blockchain consortium R3 , trade finance company TradeIX and several global banks are collaborating on a new solution that has entered into pilot phase. We see the proof of concept as an important milestone in this project,” said BNP Paribas Head of Transaction Banking EMEA Jacques Levet in a statement. There is a $1.5

Finance 46

Finance Banking Cash Management Currencies 46

PYMNTS

MAY 30, 2018

Ant Financial continues its bank partnership streak, signing a strategic cooperation agreement today (May 30) with Shanghai Pudong Development Bank (SPD Bank). That is Ant’s third bank partnership this month, following deals with Huaxia Bank and China Everbright Bank (CEB) earlier in May. Ant’s Plans.

Banking 40

Banking Risk Management Startups Cash Management 40

PYMNTS

MAY 29, 2020

And in 2018, just after bitcoin’s price seemingly peaked at the end of 2017 at just under $20,000, the famed investment firm said bitcoin could indeed be used as a form of currency. billion sent to currency exchanges from criminal entities. We noted then that JPMorgan is providing cash management services for the exchanges’ U.S.

Currencies 74

Currencies Investments Cash Management Economics 74

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 Cash Management 60

Strategic Treasurer

OCTOBER 14, 2022

This survey’s questions probed corporate and bank respondents on their global payment practices and priorities. Details were gathered about banks’ concerns and recommendations for client security, corporate payment complexity, volumes, currencies, challenges, plans for technology use, and more.

Securities 52

Securities Investments Planning Treasury 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

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 Foreign Exchange Currencies Startups 77

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. ” Challenge Turned Opportunity. “It’s not about incentives, it’s about necessity. ”

Treasury 64

Treasury Cash Management Data Analysis Compliance 64

PYMNTS

MAY 29, 2019

This year it applied for a national bank charter from the Office of the Comptroller of the Currency. A spokesman told CNBC in April that getting the national bank charter will enable it to offer banking products. Racusin was eventually named the president and CEO of the potential bank.

Valuation 63

Valuation Cash Management Currencies Banking 63

Future CFO

AUGUST 22, 2019

per USD, a range set by the Hong Kong Monetary Authority, the de facto central bank in the city, since May 2005. What can be changed is the linked currency, which is now the US dollar, and the range of the linked exchange rate level.”. This bank thinks it'll stay appeared first on FutureCFO. and 7.85, Pang explained.

Banking 40

Banking Currencies Forecasting Foreign Exchange 40

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability? Meanwhile, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

JANUARY 2, 2020

Retail currency dealer Travelex was offline on Thursday (Jan. The new platform features an API-led platform to offer customers cash management, cross-border payments and retail currency conversion. 2) after being infiltrated by a software virus, the Financial Times (FT) reported.

Currencies 52

Currencies Cash Management B2B Retail 52

PYMNTS

SEPTEMBER 17, 2019

The new platform will feature an API-led platform to offer customers cash management , cross-border payments and retail currency conversion. The top five investors, which included BlackRock, Columbia Threadneedle, Norges Bank and two UAE investors, acquired about 50 percent of the shares on offer. “We

B2B 60

B2B Foreign Exchange Currencies Cash Management 60

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 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

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

MARCH 6, 2020

Middle-market companies are increasingly joining their larger enterprise counterparts in asking for banks to provide them with treasury application programming interfaces (APIs). Libra’s Stumbles, Coronavirus Gains Show Pitfalls of a ‘Global’ Currency. In a feature story, Diane S.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

OCTOBER 8, 2019

CitiDirect BE’s mobile banking solution will enable finance professionals to better manage MMF portfolios by leveraging innovative data tools to support their tactical decision-making and risk management processes. Cachematrix is excited to power Citi’s Online Investments portal with our best-in-class financial technology.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

MARCH 14, 2019

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. . “We live in times of great uncertainty and great change,” said Kohli. ”

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

PYMNTS

JANUARY 15, 2021

Once considered the leaders of number-crunching and cash management, treasurers today have become enterprise leaders. The newest regulatory debate over digital currency boils down to privacy versus security. Morgan Looks Toward Payments Modernization. PYMNTS explores how treasurers have contended with the disruption and J.P.

Currencies 58

Currencies Cash Management Retail Securities 58

PYMNTS

JANUARY 27, 2020

According to the patent documentation, the tech will make it possible for a consumer to make a payment in any currency while allowing the receiver of the payment to choose what currency they would like to get it in. The network will automatically change the payment over to the desired final currency. financial crisis.

Currencies 52

Currencies Valuation Cash Management Securities 52

PYMNTS

MAY 12, 2020

banking giant JPMorgan Chase is providing banking services to Coinbase and Gemini, two U.S.-based The bank is providing cash-management services for the exchanges’ U.S. JPMorgan, of course, also said last year that it would look to issue its own digital currency, the JPM Coin. based crypto exchanges.

Cash Management 60

Cash Management Currencies Securities Banking 60

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. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

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

PYMNTS

SEPTEMBER 25, 2018

As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cash management and what their service providers think they need. Visibility into “cash in and cash out” of corporate coffers takes on a new urgency when funds flow across borders, time zones and currencies.

Treasury 55

Treasury Cash Management Securities Prioritization 55

PYMNTS

MAY 6, 2019

Employees have no issues when tips are paid in cash, but when patrons choose to pay their bills with credit or debit cards, managers must often run to ATMs at the end of the night so servers can leave with the funds they’re owed. . Cash’s Double-Edged Sword . The reality is cash is not going away anytime soon,” Hassan said. “As

Currencies 40

Currencies Cash Management Accounting Sales 40

PYMNTS

SEPTEMBER 19, 2019

Not all that long ago, treasurers would take stock of cash positions at the start of the day … to the best that they could, since some banks might not report positions daily. Liquidity and cash investment plans would be made by 10 a.m. Cash management becomes a continuous process, throughout the business day.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

OCTOBER 11, 2017

With the service in place, users can gain a more efficient way to access their earnings and make local payments in their preferred currencies. Meanwhile, banking giant JPMorgan is looking to upgrade its own B2B payment services through APIs. Tracking down savings in the post-purchase market.

B2B 71

B2B Cash Management Invoicing Currencies 71