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Five Key Trends to Watch in 2023

Bramasol

Also, because the severity of inflation varies from region to region, global companies need to navigate the impacts of foreign exchange (FX) fluctuations on their cash flows and bottom line. Supply Chain Security and Agility. On the other hand, rising costs and wages pose major challenges. In 2023, executives plan to direct $4.6

SAP 72
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Satisfaction With Anti-Fraud Systems Linked To Platform Strategy

PYMNTS

It’s the users who often become the victims in stringent security measures when fraud detection is too broad. This is why fraud-related costs consume large portions of digital platforms’ budgets—to the tune of 2.2 percent) but far more than for areas like foreign exchange (9.6 percent of their annual revenues.

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Citi On Treasury’s Real-Time Reality

PYMNTS

As Chakravarti told Karen Webster in a PYMNTS podcast in the “Treasurer’s Need to Know” series, there are several forces at work, impacting businesses and also the ways that treasurers and their teams manage cash, liquidity and foreign exchange. The Challenges.

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World’s Best Banks 2024—Asia-Pacific

Global Finance

survey, most banks across APAC increased 2023 tech budgets to boost security, transform data and avoid downtime. Its trading and foreign exchange departments scored a 45.5% Meanwhile, according to an International Data Corp. Metrobank kept costs low last year, reducing its cost-to-income ratio by more than 3% to 51.5%.

Banking 52
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What Payments Players Had To Say About Innovating Payments In A Pandemic

PYMNTS

Add in the current climate of heightened geopolitical uncertainty, trade disputes, foreign exchange volatility and regulatory complexities, and corporate treasurers have their work cut out for them, often with reduced budgets and slim staffing. Overall, these trends mean there are more electronic means of transferring money.".

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Surviving the pandemic aftermath: an FP&A perspective

Future CFO

Paper-based processes became obsolete and secure access to standalone applications posed technical challenges. David Bloom, head of global foreign exchange strategy at HSBC, sees some “ false dawns ” where the economy looks like it is recovering but then falls back to negative territory. But recovery will not be easy.

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

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. Revolut is an app-based consumer bank account that allows customers to send and receive money and use built-in budgeting tools.

Startups 102