Planful

OCTOBER 25, 2016

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release.

Banking 64

Banking Risk Management Compliance Currencies 64

Simply Treasury

JUNE 3, 2021

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. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

Banking 52

Banking Currencies Advertising Risk Management 52

PYMNTS

MAY 17, 2018

Wells Fargo on Thursday (May 17) was facing accusations that its employees altered customer data, this time in a business banking unit, according to The Wall Street Journal. The paper, citing unnamed sources, reported that bank employees “improperly altered information on documents related to corporate customers.”. It’s happened again.

Banking 58

Banking Currencies Risk Management Accounting 58

PYMNTS

APRIL 26, 2017

In our CAB meetings, we focus on innovating solutions that can help eliminate regulatory and market challenges and plan for surprises, such as the financial crisis of 2008 or the recent political and currency volatility that we’re experiencing around the world today. Q: What keeps you up at night?

Risk Management 40

Risk Management Treasury Auditing Securities 40

PYMNTS

MAY 24, 2018

FinTech linkups continue, where banks and smaller firms are helping their larger, usually traditional financial brethren navigate digital payments and technological challenges. In India, Infosys said that it has formed a blockchain with seven banks, to be known as India Trade Connect. The examples span the globe.

Banking 40

Banking Risk Management eCommerce Currencies 40

PYMNTS

SEPTEMBER 15, 2020

Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. Merchants didn’t realize how important it was to have a backup. A Single Digital EU Market.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

JANUARY 5, 2017

ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan. 4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service.

Banking 40

Banking Risk Management Leverage Currencies 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?

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

Marketing 97

Marketing Risk Management Currencies Banking 97

PYMNTS

MAY 17, 2018

Wells Fargo on Thursday (May 17) was facing accusation that its employees altered customer data, this time in a business banking unit, according to the Wall Street Journal. The paper, citing unnamed sources, reported that bank employees “improperly altered information on documents related to corporate customers.”. It’s happened again.

Banking 40

Banking Currencies Risk Management Accounting 40

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

VCFO

AUGUST 16, 2023

In 2020, banks worldwide were fined $10.4B To avoid such fines, banks are erring further on the side of caution – so much so that it’s affecting legitimate businesses and individual account holders. Actions banks are taking range from requiring customers to submit additional information to, in some cases, freezing or closing accounts.

Compliance 87

Compliance Banking Risk Management Currencies 87

PYMNTS

JUNE 18, 2020

Users receive an ID that works throughout “any payment network to transfer any currency” with PayID. The technology lets users move money sans routing, banking account or credit card number. legislators that digital currencies should have stricter supervision, CoinDesk reported.

Currencies 56

Currencies Risk Management Numbers Securities 56

PYMNTS

MARCH 16, 2020

Western Union is partnering with Integral for a new risk management mechanism called Integral BankFX, according to a press release. The BankFX program will let Western Union exercise more control and automation over its programs, including a wide jurisdiction over the 10,000 currency pairs available through the system.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63

PYMNTS

FEBRUARY 15, 2019

HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. Mark Williamson, chief operating officer of FX cash trading and risk management, told Reuters that HSBC processes from 3,500 to 5,000 trades a day on FX Everywhere, with trades now being worth $350 billion.

Foreign Exchange 63

Foreign Exchange Risk Management Startups Currencies 63

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT.

Valuation 56

Valuation Leadership Risk Management Compliance 56

PYMNTS

SEPTEMBER 6, 2016

One of Hungary’s largest banks, Erste Bank Hungary (EBH), is enhancing its electronic payment services by working more closely with partner ACI Worldwide. Tamás Foltányi, COO of Erste Bank Hungary, says ACI’s UP Retail Payments will lead to faster development and increase the implementation of instant payments.

Banking 40

Banking Risk Management Currencies Retail 40

PYMNTS

MAY 28, 2018

It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. The deal is newsworthy because the mainstream view still sees banks and FinTechs as adversaries, each competing for payment and financial services revenue.

Banking 40

Banking Startups Risk Management Communication 40

PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. government official and bank executive.

Risk Management 56

Risk Management Compliance Currencies Securities 56

PYMNTS

MAY 15, 2019

Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. Senator Elizabeth Warren , a presidential candidate, who fought him on the issue during a Senate Banking Committee hearing. “At

Risk Management 48

Risk Management Leadership Currencies Banking 48

PYMNTS

AUGUST 24, 2018

That means retailers and other companies need to up their risk management and hedging games — and do so before one crisis or another (a currency collapse in Turkey one week, who knows what next?) These long-term trends can derail a business irrespective [of] how they are performing in the local currency.”. Quantify Risk.

Risk Management 40

Risk Management Currencies Manufacturing Forecasting 40

Future CFO

MARCH 8, 2021

As a result, banks will no longer need to feed daily numbers in to Libor’s calculation from Jan 2022. According to the FCA, banks will have time — until June 2023 — to extricate themselves from US$200 trillion of contracts tied to Libor. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8

Benchmarking 52

Benchmarking Currencies Risk Management Banking 52

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

Risk management: These tools help users identify and manage financial risks, such as market fluctuations, interest rate changes, and currency exchange rates. Read here how API can help manage planning and budgeting process in your business. APIs allow data to be shared between systems and automate tasks.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. “We importer said.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

JULY 24, 2019

With such an outcome having been largely expected, sterling’s immediate reaction has been muted as the news was already priced in,” reflected Caxton FX currency expert Michael Brown in an interview with Express.co.uk banks will face a credit shortage following Brexit, leaving small businesses without access to capital.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

PYMNTS

AUGUST 29, 2018

Rather than allow the value of foreign holdings to slide with the FX rate, companies with money tied up in foreign currencies can take steps to soften the impact of currency valuations like the one that followed Brexit. By some estimates, there is more than $90 trillion in funds being held by foreign institutions globally.

Currencies 40

Currencies Risk Management Valuation Marketing 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

OCTOBER 29, 2019

The Inter-American Development Bank is launching a two-year blockchain project for land registries in three Latin American countries. In other news, one Congressional official believes that China’s central bank will become the first to issue its own national digital currency.

Currencies 40

Currencies Risk Management Startups Economics 40

PYMNTS

SEPTEMBER 14, 2018

Deutsche Bank’s Global Transaction Banking Unit released a report that shows that faster payments are spurring corporate treasurers to get a bit faster, too, as they manage risk. Find out more about what’s been in the cross border spotlight here.

Foreign Exchange 49

Foreign Exchange Risk Management Currencies B2B 49

PYMNTS

FEBRUARY 19, 2020

Businesses can also hasten ERP cloud migration initiatives and simplify global bank connectivity. Kyriba simplified bank connectivity and centralized payments processes during a significant treasury and finance transformation project,” said Janice Minter, senior treasury analyst at Amway.

CFO 52

CFO Treasury Risk Management Currencies 52

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. Adopting real-time business processes has led them to embrace real-time FX management.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies B2B 40

Future CFO

MARCH 21, 2022

To achieve this, the Singapore-based treasury team, jointly with the local treasury staff, provides support by handling three key components: foreign currency risks, liquidity management and bank relationships. But again, we managed to do it in stages. We took it step by step,”. Maximising utilisation of the cloud.

Budgeting 52

Budgeting Treasury Risk Management Currencies 52

PYMNTS

JULY 19, 2018

Wells Fargo , the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services. She added that the bank is “working with our regulators on the ongoing review.”.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies Banking 40

PYMNTS

DECEMBER 12, 2019

For one thing, APIs automate and organize the pulling of information from different databases into manageable dashboards. APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently. Making Money Faster with APIs.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52