PYMNTS

DECEMBER 1, 2020

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. Morgan stablecoin, known as JPM Coin, geared toward B2B.

Currencies 117

Currencies Banking B2B CFO 117

PYMNTS

OCTOBER 19, 2020

19) on the bank’s potential rollout of a digital currency. Powell warned of potential downsides to the launch of a digital currency that need to be considered, arguing that the first priority should be to “get it right than to be the first,” Reuters reported. The Fed chief, noting that the U.S.

Currencies 108

Currencies Banking Financial Systems 108

Musings on Markets

JUNE 2, 2025

Sovereign Defaults: A History Through time, governments have often been dependent on debt to finance themselves, some in the local currency and much in a foreign currency. However, those defaults, and especially so in recent years, have been supplemented by countries that have chosen to default on local currency borrowings.

Marketing 116

Marketing Currencies Treasury Economics 116

Global Finance

DECEMBER 11, 2024

From a monetary perspective, traditionally Egypt was focused on fixing the foreign currency and protecting the Egyptian pound. Since March 2024, we have been focused on the inflationary effect, currency pricing is set according to market dynamics and so far, it has proven very successful.

Economics 106

Economics Investments Currencies Banking 106

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And even before the BIS findings, in March, members of U.S.

Currencies 113

Currencies Banking Accounting Technology 113

PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. A central entity may implement a monetary policy and issue currency.

Currencies 128

Currencies Securities Banking Numbers 128

Global Finance

OCTOBER 29, 2024

Nigeria’s central bank will automate foreign exchange (FX) trading starting in December, replacing the decade-old over-the-counter system to enhance transparency and liquidity in its currency markets. This shift is expected to level the playing field, reducing opportunities for bias and favoritism in foreign currency allocation.

Foreign Exchange 98

Foreign Exchange Currencies Economics Banking 98

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending.

Currencies 114

Currencies Banking Marketing 114

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years.

Banking 142

Banking Currencies Prioritization Technology 142

Global Finance

DECEMBER 26, 2024

He chaired the board of the Commercial Bank of Syria for a few years and authored scholarly papers on corporate governance before President Bashar Hafez al-Assad tapped him for the ministry in a last-gasp government reshuffle this September. According to the World Bank, Syrias economy has shrunk by 85% since its civil war broke out in 2011.

Finance 119

Finance Auditing Currencies Banking 119

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

Accounting 135

Accounting Banking Currencies Securities 135

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept. A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept.

Banking 138

Banking Currencies Leverage Technology 138

Global Finance

DECEMBER 6, 2024

Offshore investments become a hedge against currency volatility. High inflation, currency volatility, and foreign exchange scarcity have eroded wealth and significantly contributed to a decline in net worth for many people. In response, many banks have developed financial advisory services anchored on diversification.

Banking 52

Banking Foreign Exchange Currencies Investments 52

CFO News

MARCH 17, 2025

India's Reserve Bank announced that bilateral trade transactions with Maldives can now be settled in Indian Rupees (INR) and Maldivian Rufiyaa (MVR) in addition to the Asian Clearing Union (ACU) mechanism.

Currencies 45

Currencies Banking 45

Global Finance

MAY 16, 2025

Since the 2019 financial collapse that brought the war-torn country to its knees, banking sector reform has been a prerequisite for obtaining help from multilateral lending institutions. The new law allows entities, including independent auditors, to directly access banking records from the past decade.

Restructuring 89

Restructuring Auditing Currencies Financial Systems 89

PYMNTS

JANUARY 25, 2021

The Reserve Bank of India (RBI) is exploring making a digital currency, a reversal of its prior position, according to a report from Cointelegraph. While central bank digital currencies (CBDCs) are considered legal tender in the country, the government and regulators have considered them a “liability,” Cointelegraph reported.

Banking 127

Banking Currencies Numbers Technology 127

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Banking 139

Banking Financial Systems Concentration Currencies 139

Global Finance

DECEMBER 27, 2024

Tanzania has a reputation for peace and stability compared to [other] countries in East Africa, says Tenda Msinjili, head of banking and finance at law firm Clyde & Co.s However, there are pockets of risk, including a high public debt, a foreign currency shortage, and jitters over the coming 2025 presidential election.

Foreign Exchange 144

Foreign Exchange Investments Economics Currencies 144

Global Finance

JUNE 5, 2025

Global Finance : Open banking is on the rise. Manish Kohli: HSBC is a major player in the open-banking and open-finance ecosystem. We’re the world’s largest transaction bank and have a global footprint that spans the numerous jurisdictions and clearing systems that are driving the open-banking agenda.

Currencies 59

Currencies Treasury Cash Management SAP 59

PYMNTS

DECEMBER 29, 2020

To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. As has been profiled in this space previously, virtual IBANs serve as reference numbers issued by banks. Platforms and single access points help bridge the gap between traditional banks and eCommerce.

Numbers 115

Numbers Accounting Banking eCommerce 115

PYMNTS

APRIL 10, 2020

While this strategy can yield results, it can also create silos, hampering a bank’s ability to achieve one of the most vital goals of DX: seamless integration of operations that boost efficiency and improve the end-user experience. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

Technology 144

Technology Banking Foreign Exchange Currencies 144

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

JUNE 9, 2025

Regional Winners Most Innovative Bank in Middle East| ARAB BANK Acabes, Arab Bank’s in-house development factory, enabled the bank to launch an updated version of its Reflect banking app in 2024. Customers can also use Salary Transfer and instant transfer features with these currencies.

Reconciliations 83

Reconciliations Forecasting Cash Management Benchmarking 83

CFO News

MARCH 16, 2025

State-owned Engineers India and MECON, alongside four private firms, have been shortlisted for RBI's project to modernize its currency management infrastructure. RBI seeks to address challenges faced by other central banks and ensure sustainable currency management.

Currencies 40

Currencies Securities Banking 40

Global Finance

MARCH 4, 2025

Sasha Cook, head of Sustainable Finance at Standard Bank CIB, explains how domestic banks are helping to close the energy-investment gap and ensure sustainable development across Africa. Global Finance: What are Standard Banks specific targets for reducing its financed emissions, and how is it achieving them?

Finance 52

Finance Banking Construction Currencies 52

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). Banks generate more business by enabling payments for merchants. The buyer’s bank validates the transfer.

Banking 145

Banking Planning Accounting Currencies 145

Global Finance

MARCH 5, 2025

With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs and risks. Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region.

Banking 52

Banking Compliance Treasury Finance 52

PYMNTS

JULY 29, 2020

and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging network for cross-border transactions. The bank’s messaging applies to Hong Kong and Macau as well. According to the Bank of China’s new report, sanctions could have the U.S.

Banking 116

Banking Currencies Economics Planning 116

Global Finance

DECEMBER 6, 2024

After a year that can be described as challenging for US regional banks, with the failures of Silicon Valley Bank, First Republic Bank, and Signature Bank early in 2023, profitability growth has returned to many of the sectors banks that survived that dark period. The banks robust fee income, totaling $274.2

Banking 52

Banking Problem Solving Leadership Tax Planning 52

PYMNTS

JULY 5, 2020

Treasury Department’s financial crime division, the agency said the new guidance is in response to questions related to Bank Secrecy Act/Anti-Money Laundering regulatory requirements for hemp-related business customers. Among the rules: Banks must obtain identifying information, including a copy of licenses, as they would for any customer.

Treasury 140

Treasury Banking Concentration Manufacturing 140

CFA Institute

JUNE 20, 2024

Pete Vatev, CFA, FRM Pete Vatev, CFA, FRM, is a lecturer in finance at Virginia Commonwealth University’s School of Business in Richmond, VA. Before joining academia, he was in finance where his last job was the head of portfolio risk management at a hedge fund. He holds a BA in economics and an MBA in finance from the University of Chicago.

Currencies 52

Currencies Risk Management Economics Banking 52

Global Finance

APRIL 5, 2025

Anthony Noto Africa : Rand Merchant Bank Dealmaking in Africa has rebounded, due to declining interest rates and inflation. Deal activity will continue, owing to increased confidence and stable macroeconomics, says Robert Leon, co-head of Rand Merchant Bank (RMB) Investment Banking. billion), Hyundai Motor India in Bombay ($3.3

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Investments Banking Finance 52

PYMNTS

DECEMBER 23, 2020

But the reality is that the consumer experience itself is the new currency in loyalty.”. It's a win-win for everybody,” she said of programs that retain consumers, while boasting sales for merchants and the banks. “So, So, we are able to deliver something differentiated, something relevant, that also drives spend.

Currencies 106

Currencies Budgeting Communication Sales 106

Global Finance

APRIL 5, 2025

Bank of America Securities was in the thick of it, sponsoring several of the largest deals. Among the banks landmark deals, it acted as sole arranger of Ecuadors $1 billion sovereign debt conversion, targeted at preservation of the Amazons ecosystems, one of the largest of its kind completed to date.

Investments 52

Investments Banking Mergers and Acquisitions (M&A) Foreign Exchange 52

Global Finance

DECEMBER 26, 2024

Global Finance: In a landscape where central bank decisions and carry trades significantly influence global FX markets, what unique value can a bank offer its customers? Custom-tailored offerings and strategies have become a significant trend in corporate banking.

Currencies 52

Currencies Banking Risk Management Finance 52

Global Finance

DECEMBER 26, 2024

With FX risk management, adaptability is critical because every company has its own risk profile shaped by its market, currencies, and business model. Identifying exposures accurately is the foundation: knowing exactly where currency risks arise in revenues, costs, or balance sheet items is crucial to ensuring they can be managed effectively.

Treasury 59

Treasury Risk Management Currencies SAP 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