PYMNTS

MARCH 8, 2019

Microsoft said in a press release that Transfast will “complement Mastercard’s wide range of payment solutions by increasing worldwide connectivity in the account-to-account space, enhancing compliance capabilities and offering more robust foreign exchange tools.”. Currently, Transfast supports the Mastercard Send service. “We

Foreign Exchange 76

Foreign Exchange B2B Compliance Accounting 76

PYMNTS

APRIL 18, 2018

Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17).

Treasury 40

Treasury Compliance Foreign Exchange Risk Management 40

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. Foreign exchange risk alone increased 8 percent for this market in Q3, and by 13 percent since the start of the year, the report found. Trade tensions between the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Meanwhile, other partnerships between banks and FinTechs embrace data sharing to target friction for joint small business customers.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

OCTOBER 16, 2020

This enables a money transfer provider to accept funds from consumers in one country via its local operation and then direct the accounts it holds in the recipients’ countries to pay out the amounts due after adjusting for foreign exchange rates. The money never actually crosses borders,” Lembo explained.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

DECEMBER 16, 2020

appears to be growing stricter toward unregistered crypto exchanges, Cointelegraph reported, and foreign exchanges are responding by shutting service to U.S. According to the report, many foreign exchanges may try different ways to ban U.S. users to avoid running into potential compliance issues.

Foreign Exchange 60

Foreign Exchange Investments Banking Financial Analyst 60

PYMNTS

DECEMBER 8, 2017

Artificial intelligence ensures regulatory compliance and fraud protection. With our API, businesses can now seamlessly send payments to over 220 countries for as little as $1 per transaction, with live foreign exchange rates, and delivering funds direct to bank accounts as opposed to a recipient’s eWallet.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

CFO Talks

AUGUST 29, 2024

For example, a mining company needs to ensure its financial operations comply with foreign exchange regulations to avoid penalties. Regularly audit your treasury operations to ensure you’re in compliance. Practical Tip: Keep a calendar of key regulatory deadlines and requirements.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. Singapore-based Osome announced $3 million in new funding this week as an extension of its seed round, with XA Network and AltaIR Capital providing the latest investment, TechCrunch reported.

B2B 91

B2B Banking Foreign Exchange Startups 91

CFO Share

JUNE 6, 2024

Some operational risks include: Supply chain risk Compliance risk Fraud risk Inventory risk Market Risks Fluctuations in market conditions, such as interest rates and FX rates, can affect revenues and profitability. Some common market risks include: Interest rate risk Foreign exchange risk Raw materials cost risk (copper, steel, etc.)

Risk Management 105

Risk Management CFO Foreign Exchange Credit Risk 105

PYMNTS

JANUARY 30, 2019

Then the first money laundering directives came out, which started to mandate more and more in the realm of customer due diligence, so the company added a compliance check. GDC, for instance, started out with a solution set for know your customer (KYC) in an eCommerce use case where the company was conducting high-velocity ID verification.

Foreign Exchange 74

Foreign Exchange Compliance Startups Currencies 74

CFO News

MAY 30, 2025

It aims to rationalise regulations, simplify compliance, and expand permitted transactions. The review also covers other foreign exchange schemes and includes reforms to curb mis-selling, strengthen financial resilience, and align rules with evolving business practices.

Foreign Exchange 40

Foreign Exchange Compliance Banking 40

Future CFO

MAY 26, 2022

There will be intercompany transactions that happen between them, and it gets very complex when businesses are international – whether it's regulation or taxation, foreign exchange rates, or compliance. And it becomes more so when each company records their finances differently," he elaborated.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

NOVEMBER 21, 2016

Monty explained that not all banks are able to offer foreign exchange services in Brazil — they may need to get a foreign exchange license and must also be able to provide the subtleties of service that are demanded in that country. Our approach is a beneficiary-directed platform that reflects local preferences.”.

Foreign Exchange 74

Foreign Exchange Currencies Banking Compliance 74

PYMNTS

MARCH 6, 2017

An article in a publication owned by the regulator called for a more open, competitive domestic foreign exchange (FX) market that enables a flexible FX rate mechanism to mitigate against cross-border capital fluctuation, according to reports. Deputy head of the State Administration of Foreign Exchange Fang Shangpu penned the article.

Foreign Exchange 40

Foreign Exchange Marketing Compliance Currencies 40

PYMNTS

JANUARY 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013.

Profit and Loss 51

Profit and Loss Foreign Exchange Compliance Auditing 51

PYMNTS

MARCH 17, 2020

Cross-border retail and business transactions, said Caldeira, typically have carried higher costs — tied to more complex bilateral processing procedures, complex compliance requirements and the overhead of having to manage both liquidity and foreign exchange (FX) risk — than domestic ones.

Foreign Exchange 91

Foreign Exchange Securities Compliance Startups 91

Global Finance

JULY 26, 2024

Modern treasuries face a diverse array of demands, such as real-time payments, high inflation and interest rates, and new compliance and sustainable finance obligations. Another factor impacting the delivery of treasury and cash management solutions is the rapidly changing regulatory environment,” adds Monaco.

Cash Management 93

Cash Management Treasury Compliance Banking 93

Global Finance

JUNE 6, 2024

The project’s deployment required the collaborative efforts of several bank departments, including business, legal, compliance, engineering, security and IT, as well as outside technology vendors Metaco and Avaloq. Innovation: Blockchain-Based Digital Bond Project Company: China Central Depository & Clearing Co.

Construction 109

Construction Compliance Cash Management Banking 109

PYMNTS

SEPTEMBER 14, 2016

“We are big believers that everything should, as much as possible, remain local within countries to take a lot of the foreign exchange burden off of people,” he explained. Regardless of a platform’s vertical, business model or type, Warrington said having a global workforce is no easy feat.

Foreign Exchange 69

Foreign Exchange Education Compliance Startups 69

PYMNTS

MAY 12, 2017

And, to top that off, dealing with foreign exchange can add further complexity to a business’s workflow, Laven explained. When it comes to making cross-border B2B payments, dealing with foreign exchange rates is an issue that businesses around the world continue to struggle with on several fronts.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

Future CFO

OCTOBER 30, 2023

Treasury activities, which cover money market operations, foreign exchange transactions, securities trading, and derivatives, generate a significant volume of data that are needed to be meticulously monitored and properly reported.

Treasury 52

Treasury Foreign Exchange Risk Management Compliance 52

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast. But in the conversation of supply chain risk, there is no single focus.

Risk Management 54

Risk Management Compliance Foreign Exchange Communication 54

PYMNTS

MAY 13, 2020

By wielding Citi’s infrastructure to complete the transaction for The Boston Foundation and Bai, Flywire was able to ensure full compliance and quick transmission of SWIFT transaction data to the beneficiary bank in China. Since beginning the initiative, Citi and Flywire have facilitated about $2 million worth of transactions from the U.S.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

APRIL 16, 2020

Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies. Currencycloud, Derivative Path Team for Bank FX Solutions.

Finance 67

Finance Foreign Exchange Compliance Banking 67

PYMNTS

NOVEMBER 5, 2019

MoneyGram said its “leading-brand, competitive foreign exchange rates and industry-leading anti-fraud and compliance processes will help drive the future success of the marketplace.”. One of the main goals of the collaboration is to protect customers from fraud. “Any On Friday (Nov.

Foreign Exchange 40

Foreign Exchange Profit and Loss Compliance Sales 40

PYMNTS

APRIL 3, 2019

” In areas like foreign exchange management, trade, and cash management, working with FinTech third-party providers will be an important part of the digitization journey. Today, the report found, most treasurers prefer to work with traditional banks, thanks to their competitive advantage of customer trust and compliance.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

PYMNTS

SEPTEMBER 18, 2018

The tool will integrate Thomson Reuters’ World-Check and FXall solutions to provide Know Your Customer compliance and foreign exchange management features. .” The Receivables Board app will launch on Thomson Reuters’ Elkon platform, according to Thomson Reuters Head of Asia Customer Proposition Stuart Brown.

Finance 48

Finance SAP Foreign Exchange Compliance 48

PYMNTS

FEBRUARY 18, 2020

FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

DECEMBER 4, 2017

Through their collaboration, RailsBank customers will also gain access to Airwallex’s cross-border payments and foreign exchange (FX) services. -based RailsBank, an open banking platform that facilitates connectivity into the U.K. and the EU’s SEPA zones. Mastercard and Sequoia Capital also participated, the firm said in May.

Foreign Exchange 49

Foreign Exchange Startups Compliance Banking 49

PYMNTS

APRIL 3, 2019

Senders have 12 hours to settle their accounts at a Dollar General store, he said, adding that 99 percent of consumers do so within that time limit, which is governed by compliance issues. It automatically processes “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

Foreign Exchange 61

Foreign Exchange Retail Compliance Currencies 61

PYMNTS

OCTOBER 11, 2019

Targeting the middle market and large corporates, the company provides data analytics automation for fleet managers to obtain a holistic overview of operations, including mileage, damage, compliance, lease costs and more. XTransfer already operates in China, Hong Kong, the U.K., Canada, the U.S.,

Startups 67

Startups Foreign Exchange B2B Investments 67

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Read More On Big Tech: Five Ways The Connected Economy And Big Tech Helped U.S.

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

JANUARY 25, 2018

According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreign exchange (FX) and risk management solutions. Together, the firms will target middle-market businesses looking to grow internationally.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

FEBRUARY 25, 2020

Standardizing these integrations means boosted visibility, the company said, while reducing costs, improving compliance and addressing the growing threat of fraud. A key feature of the tool is its ability to support connectivity with more than 1,000 banks, and a range of payment rails and protocols to support a suite of payment formats.

Foreign Exchange 56

Foreign Exchange B2B Accounting Compliance 56

PYMNTS

JUNE 15, 2017

It also provides users with access to the company’s wide-reaching global payments network and access to global compliance programs to ensure overseas commerce transactions are in line with existing local legal requirements. The Western Union API sits on top of a global network of bank accounts, which are monitored by a compliance engine.

B2B 70

B2B Foreign Exchange Compliance Leverage 70