CFO News Room

NOVEMBER 1, 2022

I doubt that many among our readers hold central banks in high esteem, save perhaps the researchers and data compliers who soldier away and provide useful information and even sometimes provocative analyses. Some economic historians insist it was “to promote the interests of commercial banks, rather than economic recovery”.

Banking 100

Banking Economics Foreign Exchange Leverage 100

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Entrée Capital and SBI Investment also participated, alongside other FinTech founders and angel investors. million in new funding for U.K.-based and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

NOVEMBER 12, 2020

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. ThinCats Links Up With Open Banking FinTech Salt Edge. But it may not always be smooth sailing ahead.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

PYMNTS

FEBRUARY 19, 2020

The largest bank in Japan, Mitsubishi UFJ Financial Group (MUFG), has invested over $700 million in Grab , a ride-hailing company in Southeast Asia that also provides food delivery and other services for its customers, according to a report by Bloomberg. The move will give MUFG access to the company’s millions of daily users.

Investments 61

Investments Profit and Loss Foreign Exchange Forecasting 61

PYMNTS

NOVEMBER 3, 2020

Statrys is a payment offering is targeted to small and medium-sized businesses (SMBs), entrepreneurs and upstarts that need flexible banking and developed foreign exchange offerings that can let them expand around the world.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

SEPTEMBER 27, 2018

Alibaba Group announced Thursday (September 27) that it signed up with Banking Circle to use its infrastructure and global network for digital payments. We are delighted to partner with Banking Circle. Payments are simply payments,” said Anders la Cour, co-founder, and chief executive of Banking Circle, in the same press release.

Banking 73

Banking Foreign Exchange B2B Technology 73

PYMNTS

JULY 16, 2018

Banco Santander , the Spanish bank, has created a digital investment unit that will be headed by John Whelan, who is currently in charge of the bank’s blockchain unit. Linares, Santander’s senior executive vice president and global head of corporate and investment banking.

Investments 41

Investments Foreign Exchange Banking Technology 41

PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. The alliance intends to pilot development in the handling of money market funds to automate and simplify investment decisions.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. SMBs that nearly half (48 percent) said they don’t believe technology will impact their business.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

SEPTEMBER 17, 2018

Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. According to a report in Reuters citing Turkey’s central bank, the rate is going to 2.5 percent for foreign exchange transactions. percent for foreign currency ones.

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

PYMNTS

NOVEMBER 6, 2018

Technology developed by Bloomberg is now being used by Shell ‘s Foreign Exchange Central Treasury unit to interconnect the fuel conglomerate’s operating units across 22 markets, the companies revealed Monday (Nov. Shell acquired a minority stake in the U.K.-based

Treasury 53

Treasury Foreign Exchange Auditing Startups 53

PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. In today’s challenging economic environment, I am pleased to continue our expansion into a prime market that aligns with our strategic growth plans,” Dowd said in a press release.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

PYMNTS

SEPTEMBER 20, 2020

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. The company normally focuses on providing international accounts to businesses underserved by banks.

Foreign Exchange 121

Foreign Exchange Currencies Accounting Investments 121

Future CFO

OCTOBER 30, 2023

Treasury activities, which cover money market operations, foreign exchange transactions, securities trading, and derivatives, generate a significant volume of data that are needed to be meticulously monitored and properly reported.

Treasury 52

Treasury Foreign Exchange Risk Management Compliance 52

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions.

Foreign Exchange 52

Foreign Exchange Currencies B2B Invoicing 52

PYMNTS

JULY 10, 2018

Saxo Bank has divested its global B2B payments solution Banking Circle , according to a Monday (July 9) press release. Investment firm EQT , through EQT VIII fund and EQT Ventures fund, reached an agreement with Saxo Payments Banking Circle founders to acquire the assets, the company said.

Banking 40

Banking Foreign Exchange B2B Investments 40

PYMNTS

DECEMBER 21, 2016

Axoni, the blockchain startup, is about to get a multimillion-dollar investment from some big heavy hitters on Wall Street. According to a report by Reuters , Goldman Sachs, JPMorgan and ICAP are among financial institutions that are gearing up to invest between $15 million and $20 million in Axoni.

Foreign Exchange 46

Foreign Exchange Investments Startups Currencies 46

PYMNTS

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. Open Banking Targets Corporates.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

MARCH 9, 2017

Alphabet Inc’s venture department — formerly known as Google Ventures — has invested in Currencycloud. On Currencycloud’s current partner list are Klarna Inc, Standard Bank Group and foreign exchange company Travelex Ltd.

Investments 40

Investments Foreign Exchange Startups Banking 40

Future CFO

SEPTEMBER 11, 2023

Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently.

Foreign Exchange 52

Foreign Exchange Currencies Finance Investments 52

PYMNTS

DECEMBER 1, 2016

Our investment has twin objectives: to enable PayCar to develop its commercial potential and to help us prepare for the digitization of bank checks.”. In January, reports emerged that the bank named Rudi Collin as chief digital officer for its corporate banking operations.

Investments 43

Investments Foreign Exchange Cash Management Startups 43

PYMNTS

DECEMBER 17, 2018

Saxo Bank is gearing up to acquire BinckBank in a $480 million deal as it aims to expand in the online trading and investment markets. Saxo gets most of its income from its online trading business , in which it makes trading platforms for foreign exchange traders.

Foreign Exchange 49

Foreign Exchange Banking Startups Investments 49

PYMNTS

MARCH 1, 2019

It’s being tested by the most important bank in blockchain today. South Africa’s Standard Bank has announced a new private-permission, cloud-based distributed ledger platform that aims to speed up foreign exchange (FX) payments, as well as make transactions more transparent.

Foreign Exchange 75

Foreign Exchange Data Analysis Startups Banking 75

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. 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. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

NOVEMBER 2, 2020

The People’s Bank of China (PBOC) and regulators from three Chinese agencies are interviewing Ant Group Founder Jack Ma, Chairman Eric Jing, and CEO Simon Hu about the upcoming $37 billion initial public offering (IPO), according to a Financial Times report on Monday (Nov. billion from foreign investors.

Foreign Exchange 52

Foreign Exchange Investments eCommerce Banking 52

PYMNTS

NOVEMBER 29, 2017

FairFX is stepping deeper into the world of business banking with plans to launch a small business (SMB) current account, reports said Tuesday (Nov. The solution will provide banking services to small firms as well as foreign exchange (FX) and global payment capabilities. “The It also follows the company’s nearly $7.5

Banking 40

Banking Foreign Exchange Planning Accounting 40

PYMNTS

MAY 29, 2018

Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. Citigroup’s efforts to grow its digital banking offering come at a time when activist investor ValueAct Capital recently revealed that it has a roughly $1.2

Marketing 43

Marketing Banking Foreign Exchange Construction 43

PYMNTS

MAY 1, 2020

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 And Shetty’s holding company BRS Ventures, which owns stake in Finablr and NMC, was in conversation with investment bank Houlihan Lokey on options that included debt restructuring.

Foreign Exchange 61

Foreign Exchange Restructuring Valuation Numbers 61

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

JULY 24, 2019

s Conservative Party leadership contest is only the latest geopolitical event sparking concerns among analysts over foreign exchange (FX) markets — and corporates’ ability to react to those changes. banks will face a credit shortage following Brexit, leaving small businesses without access to capital.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

Future CFO

SEPTEMBER 21, 2023

The economy and its financial system have remained resilient, underpinned by large fiscal and foreign exchange reserves as well as a strong and well capitalised banking system.” Economic development and outlook “Hong Kong’s economy is expected to rebound by 4.7% in 2023, before moderating to 3.3

Foreign Exchange 52

Foreign Exchange Economics Transportation Financial Systems 52

CFO News Room

FEBRUARY 2, 2022

We specifically mentioned three cryptocurrencies in this article, but there are actually more than 10,000 coins in the crypto world, so it’s important to categorize the coins before making investment decisions. By knowing the top trends and investment opportunities, you can incorporate exposure to digital assets into your portfolio.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

AUGUST 18, 2016

That ripple effect is hitting all areas of the enterprise, from their cross-border trade to their investment strategies. Foreign exchange payments and hedging company Global Reach Partners (GRP) might be one of them. But for some financial service providers, Brexit means opportunity.

Foreign Exchange 40

Foreign Exchange Banking Invoicing Finance 40

PYMNTS

NOVEMBER 9, 2017

Thanks to competitive pressure from FinTechs, traditional banks are often pressured to keep pace with innovation and meet evolving needs of their small business (SMB) customers. Pau Velando, general manager, Finance at Strands, recently told PYMNTS that even more surprising is that 83 percent of banks actually agree with that assessment.

Banking 40

Banking Foreign Exchange Technology Finance 40

PYMNTS

DECEMBER 2, 2020

India has responded by tightening investment rules for Chinese companies wishing to participate in the Indian market, which Reuters reported many Chinese firms have become involved in to expand their revenues beyond just Chinese sources.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

PYMNTS

JANUARY 18, 2021

If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange. Last month, Grab and Singtel announced they had received a license to set up a digital bank in Singapore. The bank is expected to launch in early 2022.

Foreign Exchange 79

Foreign Exchange Banking Retail Numbers 79

PYMNTS

JULY 12, 2019

Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expense management and B2B eCommerce, with additional funding going toward logistics and small business banking firms for a total of $203.5 million raised this week. million in Series B funding this week.

B2B 64

B2B eCommerce Foreign Exchange Startups 64