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HSBC Adds More Currencies For EU Commercial Cards

PYMNTS

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market. “We

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Crypto Gets A Second Look From Corporate Investors Seeking Yield And Hedge

PYMNTS

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

Treasury 129
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Key features for FA&P software to choose the best one

Spreadym

Features of budgeting and forecasting software help users plan the future cash flow. Cash flow management: Software tools for cash management can help business manage the performance of cash flow by providing detailed cash flow statements and projections.

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The Fear of Changing Banks

CFO Simplified

Know the Market – As your business has grown over the years, its needs have changed. For example, your need for a line of credit to help fund your growth, or for different cash management services. Determine your needs and find a bank that serves that market. You might need to operate in foreign currency.

Banking 52
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Treading along the propulsion of the digital payments system

Future CFO

In the US, the US Federal Reserve is set to introduce to the local market FedNow – an instant payment solution that will enable customers of participating banks and credit unions to instantly send and receive money transfers outside of traditional banking hours. Efforts are underway in other markets to facilitate cross-border e-payments.

Banking 98
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A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

Ripple provides the infrastructure for blockchain-fueled cross-border payments in an effort to progress towards what the company calls the Internet of Value — a market in which money moves across borders securely and quickly, just like information moves throughout the Internet. Banks can hold their local currency and keep just one account.

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Building resilience with financial readiness

Future CFO

Problem statements revolve around credit risk volatility, cash shortages, merging liquidity constraints as well as the absence of a proper hedging strategy. . Further uncertainty comes from capital markets, for example, currency exchange rates, interest rates and commodity prices; impacting near term liquidity situation.

SAP 40