PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. 8) that three unnamed sources revealed Citi is advising on the process as GPS, which provides foreign exchange services to mitigate FX risk for corporate clients, seeks a buyer.

Foreign Exchange 43

Foreign Exchange Marketing Sales B2B 43

PYMNTS

JUNE 27, 2018

Exposure to the risks of endless shifts of foreign exchange (FX) rates keeps executives on their toes: Deloitte recently found FX volatility to be the most common concern among surveyed corporate treasurers. However, foreign exchange risk mitigation goes beyond hedging, said Mark Frey, COO at Cambridge Global Payments.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

CFO News

MARCH 6, 2023

Self-sufficiency in food production, a sizeable foreign-exchange war chest and a vast software exports industry helped cushion the commodity and hard-currency shortages that, in various degrees, hobbled the region’s frontier markets: Sri Lanka, Pakistan and Bangladesh.

Foreign Exchange 52

Foreign Exchange Currencies Marketing 52

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. Travelex’s network of branches continue to provide foreign exchange services manually.”.

Currencies 52

Currencies Foreign Exchange Banking Securities 52

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

PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

Simply Treasury

JUNE 3, 2021

The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging. Delay in FX hedging, accounting treatment.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

JUNE 11, 2020

Singapore-based cross border-payments platform TranSwap will partner with Currencycloud , which provides B2B embedded cross-border solutions, to let businesses collect and hold numerous currencies in the U.S., EU and other countries, a press release states.

B2B 99

B2B Foreign Exchange Currencies Accounting 99

Future CFO

DECEMBER 7, 2022

A strong US dollar will have credit effects on rated Asia Pacific companies, with those that have a significant portion of their debt and debt-servicing costs, or other costs, denominated in US dollars while earning revenues in depreciating currencies more vulnerable to the negative credit effects, said Moody’s recently.

Foreign Exchange 52

Foreign Exchange Currencies Manufacturing Leverage 52

PYMNTS

MARCH 6, 2017

China’s Forex regulator wants the nation to open up its domestic market, reports said Friday (Mar. 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.

Foreign Exchange 40

Foreign Exchange Marketing Compliance Currencies 40

PYMNTS

SEPTEMBER 13, 2018

Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. Hedging — as in preparing for currency fluctuations and other factors — is something that eCommerce firms need to embrace, too, as another PYMNTS story demonstrates.

Risk Management 40

Risk Management Currencies Foreign Exchange Economics 40

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

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either.

Mergers and Acquisitions (M&A) 61

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

PYMNTS

NOVEMBER 16, 2020

The global trading markets are in flux, and it's not only the COVID-19 crisis influencing international supply chains. Ongoing trade wars and rising costs of doing business in certain markets have manufacturers and other businesses adjusting where they operate and with whom. Currency Conversion Headache. A Shifting Market.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

JULY 10, 2019

Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform. Custom remittance information can be sent directly back to the foreign vendor, while the service also supports custom reporting for a buyer’s own back-office processes.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

PYMNTS

MARCH 9, 2018

Foreign exchange solutions company OANDA is enhancing its application programming interface (API) that opens up its foreign exchange (FX) technology to third-party apps. The company announced news on Thursday (March 8) that its Exchange Rates API has been updated to include real-time FX rates.

Foreign Exchange 70

Foreign Exchange Currencies Treasury Technology 70

PYMNTS

JUNE 17, 2019

Ripple is the company behind the XRP digital currency, The Wall Street Journal reported. MoneyGram has tapped into foreign exchange markets for settlements in the past. As a result, the company had to purchase currencies ahead of time regularly. firm that is publicly traded, Ripple Inc. per share.

Investments 84

Investments Foreign Exchange Planning Currencies 84

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. An Eye On Emerging Markets. And while expected currency fluctuations resulting from Brexit will surely mean U.K.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

PYMNTS

JULY 15, 2020

The global market has historically revolved around the U.S. dollar, leaving few incentives for companies to overcome the numerous obstacles and pain points involved in broadening business into new markets overseas. An alternative to this payment strategy is to open up a bank account in each market in which a business operates.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

Future CFO

DECEMBER 12, 2019

The Hong Kong Monetary Authority said on Thursday that foreign exchange and money markets continue to operate smoothly and that the exchange rate remains stable. The Hibor—one-month interbank funding costs for the HKD, have been higher than comparable rates on the greenback for 24 straight sessions as of Tuesday.

Foreign Exchange 52

Foreign Exchange Currencies Banking Marketing 52

PYMNTS

AUGUST 2, 2019

The greenback and the hard currencies of developed economies (think Great Britain, Germany or Japan) take center stage and the lion’s share of headlines about currency movements. The bank will take that currency swap request, bundle it with scores of others from other business clients and send them to the central bank.

B2B 41

B2B Marketing Foreign Exchange Currencies 41

PYMNTS

SEPTEMBER 24, 2018

based Volopa has unveiled contactless multi-currency prepaid cards and India- based Obopay purchased mobile app company Mubble. Clients will be able to use the global payment infrastructure of Western Union Business Solutions to send payments in 130 different currencies and receive payments in 40 currencies. In addition, U.K.

Currencies 55

Currencies Foreign Exchange Marketing Technology 55

PYMNTS

JUNE 19, 2020

That’s not only because eCommerce opens up a potential buyer pool to customers outside of one’s home market, creating the need for companies to accept payment in different currencies. A Multi-Currency Opportunity. It also has implications on the B2B side of operations, said Remitr CEO and Co-founder Kanchan Kumar.

Foreign Exchange 56

Foreign Exchange Currencies B2B Accounting 56

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. This is especially true for SMEs who cannot run the risk of losing 30 percent of revenue on a currency depreciation.”. 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 4, 2019

The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually embraced the new market entrants with partnerships and acquisitions to bolster their own small business lending activity. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

AUGUST 13, 2019

that has led to a depreciation of the pound are having widespread impacts throughout supply chains with touchpoints in the markets. 12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. But that, he said, is also one of the largest challenges in this market.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

NOVEMBER 6, 2018

In an interview with Karen Webster of PYMNTS, Karl Schamotta, who serves as chief market strategist at Cambridge Global Payments, said we’re living in a new age. Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It In other words, more businesses are doing more business across borders.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing CFO 76

PYMNTS

SEPTEMBER 11, 2018

A company no longer has to be a massive, multinational conglomerate to be exposed to foreign exchange fluctuation risks. A recent survey from American Express found that small businesses that export across borders remain optimistic about their futures, yet have had to adjust their business strategies as a result of such market turmoil.

Foreign Exchange 40

Foreign Exchange Currencies Risk Management Marketing 40

PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. Illegal foreign currency trading of 472.3 Annual overseas transfers of more than $50,000 must also be reported.

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

OCTOBER 28, 2020

OpenPayd Debuts Access To Quick Foreign Exchange Payments. 27), which will help clients access easy foreign exchange payments, according to a press release. OpenPayd , an application programming interface (API)-led Banking-as-a-Service (BaaS) provider, launched InstantFX on Tuesday (Oct.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

JUNE 4, 2019

Under the agreement, Visa’s customers and banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform to provide in-demand services, including multi-currency wallets and real-time notifications on foreign exchange transactions.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

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.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

SEPTEMBER 12, 2019

French financial institution BNP Paribas has announced a FinTech partnership to strengthen its foreign exchange service offerings. We believe that our offering, combined with the financial strength of BNP Paribas as a banking partner, is an attractive value proposition for their existing corporate client base.”.

Foreign Exchange 65

Foreign Exchange Treasury Forecasting Currencies 65