PYMNTS

MAY 29, 2020

And in 2018, just after bitcoin’s price seemingly peaked at the end of 2017 at just under $20,000, the famed investment firm said bitcoin could indeed be used as a form of currency. That is in part due to the fact that the cryptos do not generate cash flow or earnings, and are not instruments of investment diversification. “We

Currencies 74

Currencies Investments Cash Management Economics 74

PYMNTS

NOVEMBER 16, 2018

This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The investment now values Automation Anywhere at $2.6 With the new funding, iBanFirst said it plans to provide support for more currencies and introduce new features for its solution.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

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

DECEMBER 7, 2020

While third-party portals like Amazon and Walmart have opened the doors for small businesses to reach more customers than ever before, investing in the tools and inventory necessary to match demand can be a struggle. SellersFunding recently announced its own cross-border expansion in an effort to address these global pain points.

eCommerce 142

eCommerce Finance B2C B2B 142

PYMNTS

JANUARY 8, 2021

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Cash Management Moving in Virtual Directions. Back in 1785, a fellow by the name of Evans invented the first fully automated industrial process — a water-powered flour mill.

B2B 61

B2B Accounts Payable Invoicing Cash Management 61

PYMNTS

SEPTEMBER 30, 2016

A new survey by JPMorgan finds corporate treasurers consider China’s recent currency exchange rate reforms to have had the most impact on their businesses. All of this occurs as China works to make the yuan an international currency. Reports on Thursday (Sept. China’s economic slowdown surpassed U.S. ”

Currencies 67

Currencies Cash Management Economics Banking 67

PYMNTS

JULY 21, 2020

With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cash management operations. ” Challenge Turned Opportunity.

Treasury 64

Treasury Cash Management Data Analysis Compliance 64

PYMNTS

MAY 9, 2019

Operational pain points are often not addressed until they have to be addressed, then, because of that neglect, they suddenly require all sorts of investments in terms of time and money. With automation, AP management can become a strategic advantage. Cash management becomes less art than science.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

PYMNTS

SEPTEMBER 4, 2018

Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management. Citing data from Euromoney , Deutsche Bank noted that about two-thirds of executives report being interested in adopting automated, 24/7 currency conversions based on real-time FX rates.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

MARCH 14, 2019

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. . “We live in times of great uncertainty and great change,” said Kohli. ”

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

PYMNTS

SEPTEMBER 19, 2019

Not all that long ago, treasurers would take stock of cash positions at the start of the day … to the best that they could, since some banks might not report positions daily. Liquidity and cash investment plans would be made by 10 a.m. Cash management becomes a continuous process, throughout the business day.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

SEPTEMBER 25, 2018

As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cash management and what their service providers think they need. Visibility into “cash in and cash out” of corporate coffers takes on a new urgency when funds flow across borders, time zones and currencies.

Treasury 55

Treasury Cash Management Securities Prioritization 55

PYMNTS

NOVEMBER 8, 2018

At the same time, KBank has reportedly invested $50 million in Grab. Grab Financial Senior Managing Director Reuben Lai said, “this partnership makes Grab Financial the first mobile payments platform to launch e-money-licensed payments services across ASEAN-6 and underlines the strength of our partnership-based strategy.”.

Banking 51

Banking Transportation Cash Management Currencies 51

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

MAY 29, 2019

This year it applied for a national bank charter from the Office of the Comptroller of the Currency. Robinhood removed all its marketing material and now calls it a cash management feature offered within its brokerage accounts. In 2018 its user base jumped from 4 million during the summer to 6 million by late 2018.

Valuation 63

Valuation Cash Management Currencies Banking 63

PYMNTS

MAY 22, 2019

Evarvest CEO Stephanie Brennan said in the announcement, “Currencycloud [has] been fundamental in supporting us to reduce our costs and providing a cross border payment and FX solution, so we can make investing accessible to the next generation of investors.”

Cash Management 43

Cash Management Communication Currencies Startups 43

Future CFO

MARCH 21, 2022

This is the reason why we have a lot of successful implementations, which in the long run, gave us better efficiency and return on investments. While cloud-based systems sometimes may cost a lot, we are now better at managing our liquidity; we are placing more deposits; and, we are getting higher interest rates,” said Yunusmetov.

Budgeting 52

Budgeting Treasury Risk Management Currencies 52

PYMNTS

JUNE 20, 2016

But market conditions have also made it more difficult than ever to understand how much money a firm has, where it is, who it’s going to and what form of currency it’s in. This week’s B2B Data Digest focuses on the flux and flow of managing cash. 3 billion has been at risk to cyberthieves from U.S.

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

AUGUST 29, 2017

Nearly 80 percent said the treasury department plays the lead role in long-term borrowing activity, for example, while more than half also said their treasurers take the lead on long-term investments, payment strategies, and working capital management. Handling Volatility.

Treasury 46

Treasury Foreign Exchange Cash Management Risk Management 46

PYMNTS

JUNE 21, 2018

The report, written by Strategic Treasurer and sponsored by Bottomline Technologies and Bank of America, surveyed corporate treasurers, cash managers and CFOs about their key focuses for improving B2B payments. Yet the report also highlighted a few areas that suggest not much has changed in the way of reducing paper.

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

SEPTEMBER 6, 2017

But the last couple of years have seen those currencies move around quite a lot, particularly, for example, sterling with Brexit,” Cunico said. According to Deloitte, manual treasury management processes, from cash management to FX, can open up the organization to fraud.

Treasury 43

Treasury Risk Management Cash Management Currencies 43

Future CFO

DECEMBER 11, 2023

With growth also high on the agenda of Boards and CEOs, finance leaders must balance cost-control efforts against investments. Faced with the rising cost of capital alongside rising inflation, finance leaders are taking a defensive mode focusing on efficiency.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

OCTOBER 19, 2016

EIU and Deutsche found that 80 percent of the professionals surveyed hold significant levels of excess cash, causing treasurers to focus on either expanding or modifying their investment strategies as their way to more adequately gain control in a changing economic climate.

Treasury 70

Treasury Prioritization Economics Leadership 70

PYMNTS

MAY 30, 2018

Also, Alipay has added two new third-party money market funds to its Yu’e Bao spare cash management platform within the Alipay app. Finally, on the consumer side, Ant Financial subsidiary Huabei says it will be partnering with consumer financial institutions (FIs) to power solutions in that space. What It Says About The Space.

Banking 40

Banking Risk Management Startups Cash Management 40

PYMNTS

JULY 24, 2017

Kyriba also identified market volatility in both the currency and political markets, as well as “rampant fraud and increasing regulatory requirement” that are pushing businesses to adopt cloud-based cash management solutions. Earnings may have surpassed expectations for IBM at $2.95 a share (surpassing forecasts of $2.75

B2B 46

B2B SAP Profit and Loss Forecasting 46

Strategic Treasurer

MARCH 6, 2023

Can you share some different views and types of cash? Craig Jeffery 2:22 Yeah, the totality cash is certainly cash is one way of looking at it and people can equivocate on the term what is what is cash mean? Does it mean currency? Does it mean physical cash? Does it mean available cash?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

PYMNTS

MAY 10, 2016

Considering the rise of digital currency, electronic payments, the Internet of Things and Big Data, that revolution may already be upon us. In other words, financial management is the backbone for a manufacturer to be able to invest in the technology it will need in a new era of business. “It

Manufacturing 40

Manufacturing Analyzing Data Finance CFO 40

PYMNTS

JANUARY 17, 2019

As CEO David Solomon said in reference to an ongoing review of the fixed income, currency and commodities division (commonly known as FICC), the company is training its sights on cash management Keep in mind that FICC, for the full year 2018, contributed $5.9 billion, which grew 11 percent year on year.

Investments 74

Investments Cash Management Treasury CFO 74

Future CFO

FEBRUARY 7, 2024

The events such as the Silicon Valley Bank situation serve as reminders for companies to proactively address risks and strengthen risk management policies. Liquidity risk, driven by rising rates and borrowing costs, remains a key challenge for medium-sized and investment-grade companies.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

CFO Leadership

MARCH 31, 2022

They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the dark about global cash? Hit hard by their company’s growth, Treasurers often lose sight of their global cash. Slice and filter various views of your cash.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

NOVEMBER 2, 2020

Data flows and transparency can help corporate treasurers and chief financial officers act strategically in day-to-day cash management and optimize working capital as they break down silos within their own companies. Delving Into Digital Currencies. They want the data [and] they want the information,” said Phalen.

B2B 119

B2B Currencies Healthcare Cash Management 119

PYMNTS

JANUARY 22, 2021

In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health.

Treasury 103

Treasury Concentration Currencies Banking 103

PYMNTS

MARCH 4, 2020

trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Libra Stumbles, Coronavirus Gains Show Pitfalls Of A ‘Global’ Currency. Here’s why when it comes to currencies, one size does not fit all. Ant Financial Acquires Minority Stake In Klarna.

Currencies 52

Currencies Treasury Cash Management B2B 52

Strategic Treasurer

JANUARY 3, 2022

And I think that organization is going to place a really heavy emphasis on investing in cloud ERPs, and then getting the most out of those investments. So that’s a, I think, a real good argument for making an investment to help combat some of these, you know, broader issues, I think. Craig Jeffery .

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

PYMNTS

JULY 9, 2019

The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management. HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8).

Accounting 54

Accounting Banking Cash Management Treasury 54

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. GTreasury will be directly integrated into BNY Mellon's LiquidityDirect money market funds investment platform.

Banking 60

Banking Treasury Cash Management Invoicing 60