PYMNTS

JANUARY 18, 2021

There have also been shifts in how customers pay for goods and services, with s ocial distancing policies making contactless transactions essential and pushing consumers toward payment methods such as bank transfers and digital wallets. Such touchless payment options are being used alongside traditional ones like credit cards and checks.

Foreign Exchange 127

Foreign Exchange Treasury Risk Management Corporate Finance 127

PYMNTS

JUNE 19, 2020

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering. It can fully accommodate rapid business expansion and future needs for competitive Treasury management operations.”.

Risk Management 64

Risk Management Foreign Exchange Treasury Banking 64

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. 10) press release. “Our 10) press release. and Ireland at SWIFT. .

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

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

Simply Treasury

JUNE 3, 2021

Every year, EACT launches a treasury survey to identify top priorities for Corporates. Treasury top priorities. The 2021 EACT survey, as it has become a tradition, attempts early this year to determine what the treasury trends and priorities for multinational companies will be in the next 12 to 24 months.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

MARCH 16, 2018

s Open Banking initiative encourage API development and adoption, with industry players acknowledging the technology’s ability to efficiently comply with data sharing rules. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. Certainly regulations like PSD2 and the U.K.’s

Treasury 53

Treasury Foreign Exchange Risk Management B2B 53

PYMNTS

AUGUST 30, 2019

Less than three years after the November 2016 launch of application programming interfaces (APIs) through CitiConnect , Citi said this month that its corporate treasury APIs and platforms have processed more than $26 billion for enterprise clients.

Treasury 40

Treasury Banking B2C Foreign Exchange 40

PYMNTS

OCTOBER 8, 2019

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday (Oct. According to Kantox, the company will provide its FX management and business payment solutions to Citi Commercial Bank’s international businesses based in the U.S.,

Foreign Exchange 74

Foreign Exchange Treasury Currencies Banking 74

PYMNTS

APRIL 23, 2020

In today’s top news, Treasury Secretary Steven Mnuchin said companies that received Paycheck Protection Program (PPP) loans without qualifying could face investigations, and some small- to medium-sized businesses (SMBs) that received PPP loans said they won’t be able to rehire all of their employees.

Treasury 52

Treasury Foreign Exchange Economics Banking 52

PYMNTS

DECEMBER 1, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Cobase works in cloud-based corporate multi-banking solutions while Ebury is backed by Santander Bank and works in cross-border tech and financial management.

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

PYMNTS

SEPTEMBER 12, 2019

French financial institution BNP Paribas has announced a FinTech partnership to strengthen its foreign exchange service offerings. The bank noted that the solution will be available to business clients in Europe, the Middle East and Asia (EMEA) regions.

Foreign Exchange 65

Foreign Exchange Treasury Forecasting Currencies 65

PYMNTS

AUGUST 14, 2020

While the migration of sales workflows from in-store to online hasn’t historically relied on guidance or input from the treasury department for a successful shift, in today’s demanding market, treasurers are in a position to play a far more strategic role in guiding their organizations as they manage new and changing payment flows.

eCommerce 118

eCommerce B2C Treasury B2B 118

PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. The expansion into Canada comes a little less than a year since moneycorp acquired Rochford Group , an Australian treasury advisory company, which, in addition to offices Down Under, also had an office in Hong Kong as well.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

CS Lucas

APRIL 28, 2023

CS Lucas utilizes this data and overlays it with treasury transactions, funding plans, and other cash flow activities that are not commonly included in the AP/AR module. The aim is to create a consolidated cash flow for single or multiple entities.

Accounting 52

Accounting General Ledger Accounts Payable Foreign Exchange 52

PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. Rangachari said everyone wants to be in that “upper-right quadrant” of the graph, as bigger, older, global firms tend to have relative stability — but embracing the digital age is trickier in the age of open banking and increased regulations.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

MARCH 16, 2020

Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

Simply Treasury

SEPTEMBER 9, 2020

Treasury management is “anticipation”. Today, not being of " investment grade " quality is an enormous handicap in the bank lending market. This explains why the treasury manager, “the custodian of cash”, has become a centre of attention and why Cash Flow Forecasts (CFF) have become so essential. Often, we heard “ cash is king”.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

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

CFO News Room

FEBRUARY 5, 2022

Currency prices fluctuate constantly in the foreign exchange market. In the current era of floating exchange rates , currency values are determined primarily by market forces. Another is quantitative easing (QE), in which a central bank buys large quantities of bonds or other assets in the markets.

Currencies 130

Currencies Foreign Exchange Economics Treasury 130

CFO News Room

FEBRUARY 4, 2022

labor market boosted investors’ expectations that central banks will begin steadily raising interest rates to fight inflation. Treasury yield, which helps set borrowing costs on everything from mortgages to corporate loans, settled at 1.930%, its highest close since December 2019. The benchmark 10-year U.S. Christine Lagarde.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

PYMNTS

OCTOBER 11, 2016

Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble for FX brokers. ” Now, reports say there could be fallout from the Treasury’s decision, especially with FX brokers.

Treasury 57

Treasury Financial Systems Banking Securities 57

PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. Treasury is in the middle of upgrading our FX infrastructure,” she said. We've suffered losses with the company.

Healthcare 98

Healthcare Foreign Exchange Treasury Economics 98

CFO News Room

JANUARY 25, 2023

In the early days of the COVID pandemic, the Federal Reserve and central banks around the world pulled out all the stops. A prime example of those are small banks that face considerable and/or unpredictable seasonal business fluctuations. It began with a massive conventional war in southern Europe, which led to rising global tensions.

Economics 130

Economics Foreign Exchange Finance Treasury 130

PYMNTS

APRIL 20, 2018

The company announced news on Thursday (April 19) that its Payment Galaxy tool is one step closer to being available for banks. domestic real-time and legacy payments industry after focusing on global foreign exchange and cross-border payments services for commercial banks.

Banking 40

Banking Foreign Exchange Treasury Leverage 40

Simply Treasury

JANUARY 19, 2023

EMIR requires the reporting of all derivatives, whether OTC or exchange traded, to a trade repository. EMIR covers entities that qualify for derivative contracts regarding interest rate, equity, foreign exchange, or credit and commodity derivatives. bank guarantees, other equity assets even if weighted, etc.)

Foreign Exchange 100

Foreign Exchange Treasury Risk Management Financial Systems 100

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

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

DECEMBER 8, 2017

The firm’s co-founder and chief product officer, Ferhan Patel, said the tool aims to fill gaps left by companies’ own banks. Businesses are simply looking for more from their banks and are not getting the additional services they need to automate their processes,” said Patel.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

SEPTEMBER 24, 2019

SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY Mellon announced in a press release on Tuesday (Sept. Microsoft’s treasury group processes in excess of $400 billion in SWIFT-based transactions annually. SWIFT announced on Monday (Sept.

Foreign Exchange 47

Foreign Exchange Treasury Leverage Securities 47

PYMNTS

FEBRUARY 2, 2021

Benefits accrue to banks, too. Gourab Basu , vice president of global product at Visa, told PYMNTS in an interview that “for the first time, with the VisaNet +AI capabilities, we are using AI to solve longstanding issues for consumers, for banks, for issuers and for acquirers.”

Forecasting 111

Forecasting Foreign Exchange Leverage Treasury 111

Reval

JUNE 13, 2017

Hong Kong – 14 June 2017 – Kerry Logistics, a leading logistics provider based in Hong Kong, was awarded Best Liquidity Management Strategy for 2016, using Reval, the leading global software-as-a-service solution for treasury and risk management.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

JUNE 21, 2018

JPMorgan’s treasury management services are the financial institution’s (FI) latest target for technological innovation, reports in CNBC said Wednesday (June 20). The bank is reportedly testing an artificial intelligence (AI)-powered bot to support corporate clients and anticipate their needs. dollar wires to Singapore.

Treasury 44

Treasury Foreign Exchange B2B Invoicing 44

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

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 In related news , Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

NOVEMBER 17, 2019

The new group will provide a full suite of lending and banking products for growing technology companies at every development stage, including asset-based solutions, recurring revenue-based revolving lines of credit, treasury management, foreign exchange and more. “We Roberts has nearly 20 years of banking experience.

Finance 46

Finance Foreign Exchange Treasury Leadership 46

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. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

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