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Flywire Upgrades Payments Platform With Machine Learning

PYMNTS

The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

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India’s Reserve Banks Wants To Digitize The Rupee On Blockchain

PYMNTS

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. But adopting a digital currency to operate across blockchain could offer even more benefits to India. But, reports said, it’s not that surprising that India would be so supportive of such a move.

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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Bramasol

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation. to drive financial models.

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SWIFT Likes Distributed Ledgers, Sort Of

PYMNTS

The ir POV was laid out in a paper jointly authored with Accenture , titled “Delivering an Industry Standard Platform through Community Collaboration.” In it, SWIFT found that there are eight critical factors that need to be satisfied before DLT can gain currency (no pun intended) in the financial industry at large. .

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The Basics of Multi-Currency Account Reporting

Spreadym

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

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Best Finance Software for 2024

The Finance Weekly

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. Every modern enterprise, regardless of size, requires finance software to manage various aspects of its financial health.

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In the dark about global cash? You’re not alone!

CFO Leadership

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. And they need technology.