PYMNTS

FEBRUARY 18, 2020

18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. The FX program is a step into the corporate client market, and its investments in Sri Lanka mark an initiative for a more well-rounded set of digital solutions for clients in that region.

Foreign Exchange 60

Foreign Exchange Banking Currencies B2C 60

Future CFO

SEPTEMBER 11, 2023

Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently.

Foreign Exchange 52

Foreign Exchange Currencies Finance Investments 52

PYMNTS

SEPTEMBER 20, 2020

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. AFEX provides services in over 100 currencies and has over 35,000 customers, according to the press release.

Foreign Exchange 121

Foreign Exchange Currencies Accounting Investments 121

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions. JCF is a subsidiary of JLG.

Foreign Exchange 52

Foreign Exchange Currencies B2B Invoicing 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. The alliance intends to pilot development in the handling of money market funds to automate and simplify investment decisions.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

DECEMBER 21, 2016

Axoni, the blockchain startup, is about to get a multimillion-dollar investment from some big heavy hitters on Wall Street. According to a report by Reuters , Goldman Sachs, JPMorgan and ICAP are among financial institutions that are gearing up to invest between $15 million and $20 million in Axoni.

Foreign Exchange 46

Foreign Exchange Investments Startups Currencies 46

PYMNTS

JULY 24, 2019

s Conservative Party leadership contest is only the latest geopolitical event sparking concerns among analysts over foreign exchange (FX) markets — and corporates’ ability to react to those changes. And while expected currency fluctuations resulting from Brexit will surely mean U.K. The victory of Boris Johnson in the U.K.’s

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Entrée Capital and SBI Investment also participated, alongside other FinTech founders and angel investors. million in new funding for U.K.-based and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

CFO News Room

FEBRUARY 2, 2022

We specifically mentioned three cryptocurrencies in this article, but there are actually more than 10,000 coins in the crypto world, so it’s important to categorize the coins before making investment decisions. By knowing the top trends and investment opportunities, you can incorporate exposure to digital assets into your portfolio.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. The continuing uncertainty over Brexit and geopolitical volatility in the U.K. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

OCTOBER 9, 2019

CLS Group, a financial institution providing foreign exchange settlement solutions, has acknowledged that blockchain is not necessarily critical to improving FX trading, despite having invested heavily in the technology. He said this is crucial for emerging market currencies. Reports in Coindesk on Tuesday (Oct.

Foreign Exchange 49

Foreign Exchange Currencies Technology Investments 49

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers. API’s have shown the use banks and corporates can make out of them.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

MARCH 19, 2019

The most recent round was led by Vertex Ventures’ global growth fund and Antinum Investment in South Korea. Financial institutions piloting xRapid saved 40 percent to 70 percent on average, compared to traditional foreign exchange brokers that facilitate cross-border payments, Ripple said in May.

Foreign Exchange 64

Foreign Exchange Startups Currencies Investments 64

PYMNTS

AUGUST 3, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. With Revolut, the money can be spent in over 90 currencies around the world at the cheapest exchange rate available, the interbank rate, with no fees, at least for now. Last week in investments.

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

OCTOBER 28, 2019

Through this investment, we have enriched our API capabilities to ensure our customers receive a best-in-class experience when using our products and integrating their data,” said Scott Johnson, global head of product for Western Union Business Solutions. Domestic and cross-border payments are supported in over 130 currencies.

Foreign Exchange 51

Foreign Exchange B2C Currencies B2B 51

PYMNTS

SEPTEMBER 17, 2018

percent for foreign exchange transactions. percent for foreign currency ones. It is an 18 basis point increase on the foreign exchange limits, noted Reuters. According to a report in Reuters citing Turkey’s central bank, the rate is going to 2.5 percent for Turkish lira and 1.80

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

PYMNTS

SEPTEMBER 18, 2020

She said that the “draft mode” of Stem’s platform allows for songs, as they are completed, to be uploaded into a dashboard that also delineates the collaborators and their splits (across currencies and international markets, too; Stem’s payments take into account foreign exchange or FX rates).

Foreign Exchange 125

Foreign Exchange Manufacturing Investments Accounting 125

PYMNTS

JULY 29, 2019

and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and put rising pressure on the currency, according to a report by The Wall Street Journal. billion and are watched with keen interest because they are a sign of intervention by foreign exchange. . In the face of impending rate cuts in the U.S.

Foreign Exchange 46

Foreign Exchange Benchmarking Currencies Banking 46

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. Just last week, the company announced a “seven-digit investment” round from backers at FinLab and angel investors. ”

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

FEBRUARY 19, 2018

News came President’s Day that an anonymous investor ponied up nearly $400 million to snap up bitcoin, the name most synonymous with digital currencies. MarketWatch said Monday that the huge investment came from a bitcoin address, 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 to be exact. The slug came over a time span stretching from Feb.

Foreign Exchange 51

Foreign Exchange Currencies Investments 51

PYMNTS

JANUARY 8, 2018

Half of SMBs said they plan to increase investment in marketing, and 39 percent said they are gearing up to release new products or services this year. SMBs with foreign exchange (FX) requirements have been adversely impacted by FX volatility in the last year , found Bibby Financial Services (BFS) in its latest report.

Foreign Exchange 51

Foreign Exchange Invoicing Currencies Construction 51

PYMNTS

NOVEMBER 22, 2016

Blockchain is the technology behind bitcoin, the popular alternative digital currency. In addition to advancing blockchain technology, R3 is looking for equity investments from members in exchange for a piece of the proceeds from any technology or products that come out of the development of blockchain technology.

Foreign Exchange 59

Foreign Exchange Currencies Startups Investments 59

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

PYMNTS

OCTOBER 26, 2018

Cybersecurity investment probably won’t let up anytime soon. Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85 million investment for Team8 , a venture studio that explores how corporate collaboration can develop better cybersecurity tools and businesses.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

JULY 5, 2019

Despite the complaints, the report also showed that investors are still interested in products like binary options, foreign exchange, contracts for difference and crypto. And this year has actually seen a decline in the number of complaints received by the AMF’s consumer contact center related to digital currency.

Foreign Exchange 47

Foreign Exchange Currencies Planning Investments 47

PYMNTS

OCTOBER 23, 2019

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company focuses on global currency trading solutions and financial services in both the B2B and B2C frontier.

Restructuring 40

Restructuring Foreign Exchange Securities B2C 40

PYMNTS

MARCH 20, 2018

Nigeria can be a very complex foreign exchange environment,” said Mike Massaro, CEO at Flywire. Nigerians will now have the convenience of being able to make digital, cross-border payments in their local currency, through eBank transfers, credit/debit cards, and mobile payments.

Foreign Exchange 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

MARCH 21, 2018

The company announced news on Tuesday (March 20) that its Global Collections tool is now live to support the acceptance of payments in multiple currencies. Global Collections facilitates same-day receipt of funds and limits foreign exchange fees by offering wholesale currency conversion rates. dollars or euros.

Foreign Exchange 49

Foreign Exchange Currencies B2B Accounting 49

PYMNTS

SEPTEMBER 4, 2018

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

JANUARY 13, 2017

12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

AUGUST 14, 2018

In a press release , the company said the Series B round of financing was led by Goldman Sachs and Nyca Partners, with participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Foreign Exchange 40

Foreign Exchange Currencies Leverage Finance 40

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. A 29% decline in foreign currency purchase value by U.K. Larger corporates landed increases in both the number of foreign currency purchases made in July, as well as an increase in the value of those purchases, suggesting larger U.K.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

PYMNTS

JANUARY 11, 2017

Current regulations limit foreign exchange to $50,000 each year, but some believe that people are using bitcoin and other digital currencies to circumvent this maximum. The news comes just a week after the PBOC had advised investors to be cautious when investing in digital currency.

Foreign Exchange 40

Foreign Exchange Currencies Banking Finance 40

PYMNTS

MARCH 16, 2018

Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. For OANDA, that means developing a robust foreign exchange (FX) management solution for corporate treasurers — only the company isn’t targeting treasurers directly with the tool. Certainly regulations like PSD2 and the U.K.’s

Treasury 53

Treasury Foreign Exchange Risk Management B2B 53

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions. Different Approaches To APIs.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

JANUARY 10, 2017

Last week, China’s central bank, the People’s Bank of China (PBOC), had advised investors to be cautious when investing in digital currency. Current regulations limit foreign exchange to an annual maximum of $50,000, but some believe that people are using bitcoin and other digital currencies to circumvent the exchange cap.

Foreign Exchange 41

Foreign Exchange Currencies Banking Investments 41

PYMNTS

JULY 22, 2019

The company recently invested in the crypto storage company Anchorage , which safeguards investors’ digital currency and gives them more control over their assets. Their services include multi-currency wallets and real-time notifications on foreign exchange transactions.

Foreign Exchange 43

Foreign Exchange Currencies Transportation Securities 43