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

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

PYMNTS

JULY 21, 2020

At the same time, however, these innovations have also introduced unfamiliar disruptions to antiquated workflows, creating new challenges for treasurers to understand how to readjust their processes and cash flow management strategies as their role within the enterprise grows more complex and valuable.

Treasury 64

Treasury Cash Management Data Analysis Compliance 64

PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

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

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

Strategic Treasurer

MARCH 6, 2023

In the Language of Finance sub-series, we will look into different terms that should be understood in order to communicate effectively with the rest of your treasury team and with others. How does the language of FP&A differ from treasury? Does it mean currency? Does it mean physical cash? Does it mean available cash?

Financial Planning and Analysis (FP&A) 52

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

Future CFO

MARCH 21, 2022

Three years after Danone Asia implemented a cloud strategy to its treasury management system, boosting its visibility and control, Pulat Yunusmetov , Danone Asia regional treasury manager, urges companies - on a similar cloud journey - to buck the conventional wisdom of going after the cheapest solution in the market. “Do

Budgeting 52

Budgeting Treasury Risk Management Currencies 52

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 8, 2019

“The world is moving toward better technology, simpler design and instant access to data and automated analytics,” said Mark Smith, Citi Global head of liquidity management services, treasury and trade solutions. “We 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 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

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

B2B 62

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

PYMNTS

SEPTEMBER 6, 2017

The company’s latest 2017 Global Corporate Treasury Survey was recently published, and it’s not surprising that, since its 2015 report, Deloitte found that treasurers continue to face new pressure from their executive committees and boards to become a strategic, value-added role within the enterprise. Technology Tripping Up Treasury.

Treasury 43

Treasury Risk Management Cash Management Currencies 43

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. And that’s all about using technology-based services to re-engineer treasury activities.”

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

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

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

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 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

Strategic Treasurer

JANUARY 3, 2022

Host Craig Jeffery kicks off the 2022 Outlook series with a conversation with Jon Paquette, Senior Financial Solutions Expert at TIS (Treasury Intelligence Solutions), on the outlook of payments. They discuss technology developments that will likely have the biggest impact on treasury in 2022. Host: Craig Jeffery, Strategic Treasurer.

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

Future CFO

FEBRUARY 7, 2024

Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management. Staffing challenges and technology adoption Staffing emerges as a central theme for corporate treasurers.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

PYMNTS

OCTOBER 19, 2016

A new report by Deutsche Bank and the Economist Intelligence Unit (EIU) explored how financial managers are handling the changing winds of the economy and found that macroeconomic conditions are now top of mind as treasurers fight to grow their businesses.

Treasury 70

Treasury Prioritization Economics Leadership 70

PYMNTS

JULY 24, 2017

Net income improved 4 percent year-over-year, while non-interest expenses declined 3 percent , the bank said. On the other hand, the data on jobs growth is encouraging and we, like other banks, are benefiting from recent Fed rate hikes. Fifth Third beat analysts’ expectations for Q2 2017, despite revenue at $1.5

B2B 46

B2B SAP Profit and Loss Forecasting 46

Future CFO

JANUARY 21, 2021

As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury. One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

PYMNTS

MAY 10, 2016

Considering the rise of digital currency, electronic payments, the Internet of Things and Big Data, that revolution may already be upon us. According to analysts, these money managers are already upgrading their use of next-level financial management tools, turning away from traditional cash management services, like bank loans.

Manufacturing 40

Manufacturing Analyzing Data Finance CFO 40

Future CFO

SEPTEMBER 1, 2019

The Monetary Authority of Singapore (MAS) has set up a steering committee to oversee an industry-wide interest rate benchmark transition from the Singapore dollar (SGD) Swap Offer Rate (SOR) to the Singapore Overnight Rate Average (SORA), in response to the discontinuation of the use of Libor (London Inter-bank Offered Rate) in Dec 2021. .

Benchmarking 40

Benchmarking Accounting Standards Currencies Accounting 40

Future CFO

SEPTEMBER 23, 2019

“Through a combination of gpi and domestic real-time payments networks, we together with gpi banks, will facilitate instant international payments with up-front fee and Foreign Exchange transparency for senders, while also ensuring ubiquitous availability of instant cross-border payments globally,” SWIFT said in a statement.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40

CFO Leadership

MARCH 31, 2022

Five steps to improve global cash visibility. Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. They struggle to keep an overview on their cash and risk positions. In the dark about global cash?

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

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

JANUARY 22, 2021

While the corporate treasurer's fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. Pain points existed in liquidity management processes well before the pandemic ever hit. But they need to be planned for.". A Fork In The Road.

Treasury 103

Treasury Concentration Currencies Banking 103

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 Corporate Finance 40

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

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

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 CFO 74

PYMNTS

MARCH 4, 2020

trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees. Wells Fargo debuted two new bank accounts that set limits on the amount of fees that can be charged to customers. Libra is stumbling.

Currencies 52

Currencies Treasury Cash Management B2B 52

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

FEBRUARY 29, 2016

In this week’s Data Digest, we take a trip around the world to uncover the evolving habits of business payments and cash management. 1 trillion has passed through Citi’s mobile banking solutions for corporates , the bank announced last week, hitting a milestone since CitiDirect BE Mobile launched in 2011.

Banking 40

Banking Valuation Treasury Cash Management 40

PYMNTS

MARCH 10, 2016

The digital global transaction banking platform, which provides financial institutions with technology to streamline their services, considers small and medium-sized businesses as the undervalued, yet critical, aspect of the U.K. economy, vital to its health yet inadequately serviced by the banks. That’s how iGTB sees it, at least.

Banking 41

Banking Concentration Treasury Cash Management 41