PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., That firm recently secured funding from Visa, which is also in the process of acquiring Plaid as part of its own wide-ranging open banking initiatives.

Finance 67

Finance Foreign Exchange Compliance Banking 67

Future CFO

DECEMBER 3, 2020

While Lloyds Banking Group is the first to go live with the service and the UK is the first market where it is available, SWIFT said it expects adoption to continue globally as demand for an instant cross-border experience rises. The post SWIFT activates instant 24/7 cross-border payments appeared first on FutureCFO.

Foreign Exchange 40

Foreign Exchange Compliance Securities Banking 40

PYMNTS

MARCH 17, 2020

This is where open source technology has typically come to the rescue, in particular containerization and container orchestration technology based on the Kubernetes ecosystem, which allows FSI players to secure, manage and scale horizontally their payment processing functions across different computing environments. 1: Security.

Foreign Exchange 91

Foreign Exchange Compliance Securities Startups 91

PYMNTS

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. to China within only a few hours in order to secure a PPE shipment for healthcare providers. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov.

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

OCTOBER 11, 2019

Still, investors placed more than $368 million into the space, often in the form of Series B rounds for a range of B2B players, including fleet management, small business (SMB) banking and global payments. challenger bank Tide secured $54.3 small business banking market, as well as invest in international expansion.

Foreign Exchange 67

Foreign Exchange Startups B2B Investments 67

Bramasol

DECEMBER 20, 2022

The McKinsey Global Economics Intelligence report says "Global forecasting institutions, such as the International Monetary Fund, the World Bank, and the OECD, as well as central banks, are trimming growth estimates to align with high inflation and slowing economic activity.". Supply Chain Security and Agility.

SAP 73

SAP Foreign Exchange Economics Budgeting 73

PYMNTS

NOVEMBER 27, 2018

Consumers may secure the majority of payments innovation efforts, but when it comes to cross-border payments, the opportunity undoubtedly lies in corporate transactions. At a broader level, security and choice will remain paramount demands for consumers and businesses alike.

Foreign Exchange 49

Foreign Exchange B2B Banking Compliance 49

PYMNTS

OCTOBER 22, 2019

Transfers are passed between FIs until they reach intended recipients, and each bank adds extra steps and fees along the way. Overall, MTOs worldwide tended to charge lower than average fees across all remittance provider types, while banks charged fees that were higher than average. Network and Payment Method Next Steps.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies B2B 40

PYMNTS

JANUARY 2, 2017

PYMNTS sat down with Dunworth to discuss the cross-border payment hurdles slowing down business between American and Chinese merchants and how blockchain holds the key to providing a faster and secure solution to moving money around the globe. B2Bs’ need for speed. Dunworth said Wyre has made this concept central to its product offering.

Foreign Exchange 42

Foreign Exchange B2B Compliance Accounting 42

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. ” A Bit Of Background.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

OCTOBER 4, 2019

Australia’s ANZ Bank led a $1.56 million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. Non-bank financial company Clix Capital, based in India, announced a $40 million fundraise this week led by AION Capital, Inc42 reported. Clix Capital.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

APRIL 22, 2016

But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. This involves treasurers collaborating with their banks and FinTech providers to forecast the direction of the FX market, while maintaining compliance with corporate policy on hedging.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

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

SEPTEMBER 13, 2017

The company has also established the first secure and trusted compliance, vetting, KYC (Know Your Customer) and regulatory approval process for 75,000 China-based sellers (and growing) so that global marketplaces can have access to this massive eCommerce engine without operational, logistical, technological, payment or ERP fears.

Foreign Exchange 40

Foreign Exchange Compliance eCommerce Manufacturing 40

PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. Karen Webster: Let’s get acquainted with UAE Exchange and some of the great work you’re doing in the global remittance, foreign exchange and payments space.

Risk Management 54

Risk Management Foreign Exchange Investments Technology 54

PYMNTS

JUNE 14, 2018

The road to big-ticket, cross-border payments follows the rails laid down and controlled by banks, CEO Mike Massaro told PYMNTS in an interview – and Flywire is far from trying to take banks out of the equation. Our top partners are global banks. “Is this convenient; is this something a customer has asked for?

Education 43

Education Foreign Exchange Healthcare Banking 43

PYMNTS

OCTOBER 16, 2020

Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets. Kicking Free Of Correspondent Banking.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. has secured $80 million in new funding at a $5.5 Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. In June, Revolut added American Express to its open banking platform.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Foreign Exchange 40

Foreign Exchange Compliance Finance Banking 40

PYMNTS

JUNE 23, 2016

On average, approximately 20 percent of a FinTech’s operational costs are dedicated to the governance and compliance area. Too often, FinTechs find themselves having to balance diverting resources and funds into managing these regulation hurdles without sacrificing the inherent transparency, privacy, security and risk that is required.

Foreign Exchange 50

Foreign Exchange Leverage Compliance Securities 50