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

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

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

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

SEPTEMBER 12, 2019

French financial institution BNP Paribas has announced a FinTech partnership to strengthen its foreign exchange service offerings. BNP Paribas’ partnership with Kantox will offer corporate treasurers in EMEA the opportunity to access a fully automate hedging solution and ultimately improve their treasury processes.”.

Foreign Exchange 65

Foreign Exchange Treasury Forecasting Currencies 65

PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. 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.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

CFO News Room

FEBRUARY 4, 2022

labor market boosted investors’ expectations that central banks will begin steadily raising interest rates to fight inflation. Treasury yield, which helps set borrowing costs on everything from mortgages to corporate loans, settled at 1.930%, its highest close since December 2019. The benchmark 10-year U.S. Christine Lagarde.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

PYMNTS

APRIL 22, 2016

The corporate treasurer at the multinational corporation is facing a particularly fierce global market today. But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. The FX Market Has Changed. All of that impacts the FX market.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. Treasury is in the middle of upgrading our FX infrastructure,” she said. We've suffered losses with the company.

Healthcare 98

Healthcare Foreign Exchange Treasury Economics 98

PYMNTS

JULY 29, 2019

Geopolitical volatility has analysts urging businesses to hedge against foreign exchange risks as trade tensions rise in Asia and the U.S., Given today’s market conditions, currency volatility will only continue. percent increase in the dollar against 16 other currencies. and as Brexit continues to loom.

Foreign Exchange 40

Foreign Exchange Currencies Treasury Technology 40

PYMNTS

AUGUST 2, 2018

corporations are warning that profits and revenues will take a hit as a result of foreign exchange volatility, according to reports in The Wall Street Journal on Wednesday (Aug. ” Already the currency volatility has resulted in surprising misses for large firms. . percent,” reports said. ” .

Foreign Exchange 40

Foreign Exchange Currencies Treasury CFO 40

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 8, 2017

Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Our platform provides the same level of treasury services you’d expect from your bank, but with a FinTech-level focus on the user experience.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

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

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

OCTOBER 21, 2019

Beyond the headlines and stock market gyrations, beyond the speeches from politicians and academics, lies the very real impact of geopolitics on supply chains: Trade corridors are refashioned. On the other side of that transaction, the Hong Kong-based business must convert the USD to Hong Kong currency. Trade wars. The Last Mile.

Finance 41

Finance Foreign Exchange Treasury Currencies 41

PYMNTS

MARCH 30, 2017

formally began its exit from the European Union by triggering Article 50, which is likely to have widespread impact across markets. Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. On Wednesday (March 29), the U.K. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

MARCH 2, 2016

Corporate treasurers continue to struggle with managing foreign exchange risk and exposure. Global Treasury Advisory Services Practice Partner Karlien Porre in a statement. Without accurate measurement, value erosion from negative currency rate movements can’t be anticipated or prevented.”.

Foreign Exchange 40

Foreign Exchange Treasury Forecasting Risk Management 40

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

AUGUST 1, 2018

As corporate treasurers grapple with the ever-increasing demands of their role in the enterprise, many of their new responsibilities involve complex management of finances, particularly when it comes to foreign exchange (FX) risk exposures — especially in today’s volatile times. Trade disputes involving the U.S.,

Foreign Exchange 40

Foreign Exchange Treasury Currencies Education 40

PYMNTS

JANUARY 11, 2018

law firm Gowling WLG, there have been more than 7,000 measures implemented in markets across the globe “believed to be injurious to global trade.” As such, often importers and exporters are equally exposed to currency volatility and wider economic uncertainty.” Citing research from U.K. ” “The U.S.

Finance 50

Finance Foreign Exchange Concentration Currencies 50

PYMNTS

JUNE 30, 2016

Globalization has enterprises of all sizes keeping a closer eye on their exposure to risks related to foreign exchange volatility, political changes and the like. “Treasuries typically don’t have lots of resources,” Seward said. Following the U.K. Following the U.K. “The future of the U.K.

Budgeting 40

Budgeting Treasury Forecasting Prioritization 40

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

PYMNTS

JULY 30, 2018

dollar was not good for Netflix in the second quarter, and the company’s experience (or lack thereof) with currency hedging holds lessons for other participants in the digital economy. A lot of large tech companies will (eventually) focus on the operation side of things” as those companies, and the markets they serve, mature, he said.

Currencies 40

Currencies Foreign Exchange Risk Management Treasury 40

PYMNTS

JULY 26, 2019

The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-border payments. Kissler noted that CaixaBank also had to make decisions about which foreign currencies to prioritize and retrain staff in both its middle and back offices as part of a diligent transformation.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

PYMNTS

APRIL 27, 2016

More than half of treasury departments surveyed by the firm, however, say that a lack of visibility into their corporations’ exposure to this risk, as well as unreliable FX forecasts, are their top challenges. At the tip of everyone’s tongue in the treasury department these days is the rising value of the U.S.

Treasury 40

Treasury Currencies Risk Analysis Risk Management 40

Future CFO

SEPTEMBER 23, 2019

After a blockchain-enabled instant global payment service by California-based Ripple hit the market last year, incumbent SWIFT said Tuesday it has launched a service to deliver global instant payments by integrating gpi into domestic instant payments systems around the world.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40

Future CFO

JANUARY 21, 2021

The new risks and market changes that COVID-19 ushered altered business norms. As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Decision-makers demanded real-time data across a multitude of projects as they navigated the new normal market.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

Future CFO

AUGUST 22, 2019

“The HKD is governed by a linked exchange rate system, which is written into the Basic Law of the Hong Kong Special Administrative Region,” she said. What can be changed is the linked currency, which is now the US dollar, and the range of the linked exchange rate level.”. Interest rates will then rise versus the greenback.

Banking 40

Banking Currencies Forecasting Foreign Exchange 40

PYMNTS

AUGUST 24, 2018

That means retailers and other companies need to up their risk management and hedging games — and do so before one crisis or another (a currency collapse in Turkey one week, who knows what next?) These long-term trends can derail a business irrespective [of] how they are performing in the local currency.”. Quantify Risk.

Risk Management 40

Risk Management Currencies Manufacturing Forecasting 40

PYMNTS

FEBRUARY 4, 2020

Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. High-value payments are going to be the supplier management systems between big companies and middle-market companies. based Earthport.

Foreign Exchange 100

Foreign Exchange Treasury Currencies B2B 100

PYMNTS

SEPTEMBER 4, 2018

In its “ The road to real-time treasury ,” Deutsche Bank urges treasurers to get ready for a world of real-time transacting. Deutsche Bank noted that this can have multiple positive impacts on corporate treasury, including faster cross-currency payments, faster FX exposure management, and faster actions taken to address FX volatility.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

DECEMBER 17, 2019

As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). “FX is a complicated area,” added Cran.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

OCTOBER 6, 2017

These companies need to procure a reliable payroll partner across borders to pay their expanding workforce in other markets, she continued. Larger enterprises, she explained, are able to deploy the resources and time necessary to work with large payroll vendors in various markets.

Marketing 55

Marketing Treasury Foreign Exchange Prioritization 55

PYMNTS

SEPTEMBER 22, 2020

clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time. In a statement, ClearBank Chief Customer Officer Simon Jones said the solution offers a new opportunity for businesses that need to hold and move various currencies for their own customers.

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

JANUARY 15, 2019

HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain.

Foreign Exchange 76

Foreign Exchange Currencies Treasury Finance 76

PYMNTS

SEPTEMBER 18, 2019

The company said that the API-led platform will let partners — including banks, retailers, credit unions and others — access payment and foreign exchange services through a single place. Services include cash management and cross-border payment and currency conversion across APIs.

Foreign Exchange 68

Foreign Exchange Treasury Currencies B2B 68