PYMNTS

SEPTEMBER 8, 2020

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. Not so long ago, linking cash account statements across far-flung systems or operations would have taken days or weeks and extensive testing to synthesize all that data into one centralized presentation.

Treasury 107

Treasury Currencies Cash Management Accounting 107

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

Startups 107

Startups Cash Management Finance Currencies 107

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

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

DECEMBER 7, 2020

What's more, third-party platforms force sellers to wait to access their revenues, making cash management an even more arduous process. These merchants are not only selling in their domestic market, but most of these platforms also allow them to sell international," said Pero. The company now operates in the U.K.,

eCommerce 142

eCommerce Finance B2C B2B 142

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability?

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

Spreadym

APRIL 27, 2023

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.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

JANUARY 2, 2020

Retail currency dealer Travelex was offline on Thursday (Jan. London markets were already closed when news of the attack hit. The new platform features an API-led platform to offer customers cash management, cross-border payments and retail currency conversion. Shares in Finablr were up 1.6 percent for the day.

Currencies 52

Currencies Cash Management B2B Retail 52

PYMNTS

SEPTEMBER 17, 2019

Travelex Business ensures companies get to market quicker, increase revenues and boost customer value with agile services available at the click of a button.”. The new platform will feature an API-led platform to offer customers cash management , cross-border payments and retail currency conversion.

B2B 60

B2B Foreign Exchange Currencies Cash Management 60

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. billion sent to currency exchanges from criminal entities. We noted then that JPMorgan is providing cash management services for the exchanges’ U.S.

Currencies 74

Currencies Investments Cash Management Economics 74

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

FEBRUARY 19, 2019

That probably won’t come as a surprise to many in the B2B payments space, considering that organizations typically try to float their capital for as long as possible, a cash management tactic that can lead to longer payment terms with small suppliers, and the prevalence of late payments. In the U.K.,

Accounting 75

Accounting Cash Management B2B Invoicing 75

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. interest rates and emerging markets slowdown as top issues. interest rates and emerging markets slowdown as top issues. Reports on Thursday (Sept.

Currencies 67

Currencies Cash Management Economics Banking 67

PYMNTS

MARCH 14, 2019

For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market.

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

Strategic Treasurer

OCTOBER 14, 2022

Details were gathered about banks’ concerns and recommendations for client security, corporate payment complexity, volumes, currencies, challenges, plans for technology use, and more. Among the top findings were the following points: Multiple Systems and Security Fraud Management Top List of Payment Challenges. Media Contacts.

Securities 52

Securities Investments Planning Treasury 52

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. Cachematrix , a software as a service (SaaS) FinTech, specializes in making cash control easier.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

MAY 29, 2019

Robinhood Markets , the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. This year it applied for a national bank charter from the Office of the Comptroller of the Currency. A spokesman told CNBC in April that getting the national bank charter will enable it to offer banking products.

Valuation 63

Valuation Cash Management Currencies Banking 63

PYMNTS

MARCH 6, 2020

The outage occurred as the stock market as a whole was trying to bounce back from the biggest loss of value in stocks as of the financial crisis. Middle-market companies are increasingly joining their larger enterprise counterparts in asking for banks to provide them with treasury application programming interfaces (APIs).

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

MAY 19, 2017

Cash Management. While Telr, based in Singapore and India, provides front-office B2C payment solutions to its business customers, the company has also grown a presence in the back-office, with cash management and logistics solutions linked into its overall offering. B2B Marketing. secured $10.3

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

MARCH 6, 2018

New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cash management provider. Only 13 percent said they decreased the number of cash management solution providers with which they were working.

Banking 43

Banking Benchmarking Treasury Cash Management 43

CFO Simplified

OCTOBER 10, 2023

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

Banking Cash Flow Forecasting Forecasting Treasury 52

PYMNTS

JANUARY 27, 2020

According to the patent documentation, the tech will make it possible for a consumer to make a payment in any currency while allowing the receiver of the payment to choose what currency they would like to get it in. The network will automatically change the payment over to the desired final currency.

Currencies 52

Currencies Valuation Cash Management Securities 52

PYMNTS

MAY 22, 2019

Currencycloud is teaming with Lithuania’s Evarvest for cross-border payments, Alipay and ininal are working to help visitors from China connect with merchants in Turkey and BCS Global Markets is rolling out an international payments solution in the U.K. Mark Judd, managing director of CDS Global in the U.K. In Australia and the U.K.,

Cash Management 43

Cash Management Communication Currencies Startups 43

PYMNTS

OCTOBER 11, 2017

Based on the activity of the past few weeks, it seems API-based solutions are becoming more at home on mobile devices as various companies launched several app-based solutions to expedite cash flows in different global markets. B2B payments are becoming more mobile in various global markets for different types of industries.

B2B 71

B2B Cash Management Invoicing Currencies 71

PYMNTS

DECEMBER 24, 2018

All the world’s a stage, to quote the Bard, and it seems not much in the world is certain, with volatility seemingly the name of any game in 2018, from geopolitics to cryptocurrencies to stock markets. Against that backdrop, and when it comes to payments, currencies can be volatile, too.

Numbers 65

Numbers B2B Currencies Accounts Payable 65

PYMNTS

MAY 9, 2019

. … That’s especially true for companies that are growing quickly, where resources are constrained, and executives want to devote resources and time to building the company, growing the revenues and investing in marketing and sales.”. Cash management becomes less art than science. The Limitations Of Manual Labor.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

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. Looking Ahead.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

JUNE 20, 2016

Today, there are more technologies than ever that can help a company gain visibility into cash flow. 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. 60% of U.K. is a FinTech hub.

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

Future CFO

DECEMBER 11, 2023

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

Banking Finance CFO Leverage 98

Future CFO

MARCH 21, 2022

Three years after Danone Asia implemented a cloud strategy to its treasury management system, boosting its visibility and control, Pulat Yunusmetov , Danone Asia regional treasury manager, urges companies - on a similar cloud journey - to buck the conventional wisdom of going after the cheapest solution in the market. “Do

Budgeting 52

Budgeting Treasury Risk Management Currencies 52

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. Faster Payments. Plus, those back office platforms aren’t always integrated with each other, either.

B2B 62

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

PYMNTS

MARCH 2, 2016

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.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

Future CFO

AUGUST 22, 2019

What can be changed is the linked currency, which is now the US dollar, and the range of the linked exchange rate level.”. When the HKD weakens to 7.85, the HKMA purchases the currency and that results in a fall of the HKD liquidity. Interest rates will then rise versus the greenback. and 7.85, Pang explained. level to 7.82

Banking 40

Banking Currencies Forecasting Foreign Exchange 40

PYMNTS

SEPTEMBER 6, 2017

In an interview with InvestorDaily , Steven Cunico, coauthor of the report and treasury and capital markets partner at Deloitte, explained that FX volatility is proliferating across the globe, affecting the U.S. 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

PYMNTS

APRIL 18, 2016

For instance, businesses need to figure out how to strike reliable partnerships in overseas markets. They’re having to look at new markets abroad, and the challenges that come with that aren’t easily solved.” Businesses looking to grow internationally have to worry about their top line,” Agiasotis said.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

MAY 30, 2018

According to a press release today (May 30), SPD Bank will be leveraging Ant’s financial-grade technologies in AI, supply chain finance and biometric identification in online risk management to help prevent loan, transaction and marketing fraud. What It Says About The Space.

Banking 40

Banking Risk Management Startups Cash Management 40

PYMNTS

JULY 24, 2017

In its quarterly earnings call, Fifth Third had President and CEO Greg Charmichael reflect on the quarter and the current market climate. Net income improved 4 percent year-over-year, while non-interest expenses declined 3 percent , the bank said. Earnings may have surpassed expectations for IBM at $2.95

B2B 46

B2B SAP Profit and Loss Forecasting 46