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Turning Currency Volatility Into A Global FX Strategy

PYMNTS

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. Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms.

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Western Union Launches New Video, Phone Tool For Home Money Transfers

PYMNTS

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. Western Union’s cross-border, cross-currency money-movement and payments network is available in over 70 countries worldwide.

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Western Union Business Solutions Enhances FX Automation

PYMNTS

Western Union is partnering with Integral for a new risk management mechanism called Integral BankFX, according to a press release. The BankFX program will let Western Union exercise more control and automation over its programs, including a wide jurisdiction over the 10,000 currency pairs available through the system.

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EACT SURVEY 2021

Simply Treasury

It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Here again, it seems to us that the need to dematerialize, digitize and automate is logical to make companies more resilient and efficient in their financial management. Real-time treasury.

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How Automation Helps Treasurers Weather The FX Volatility Storm

PYMNTS

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. catering equipment importers working with Eurozone suppliers are struggling to manage the struggle of the pound against the euro. “We Reports Monday (Aug. According to the publication, U.K. importer said.

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Morgan Goodwin Links EdgeCTP Trade Tech With Western Union

PYMNTS

To help facilitate global small and medium-sized business (SMB) trade, Morgan Goodwin has linked its EdgeCTP digital trade technology with the WU EDGE system of Western Union Business Solutions. In separate news, Western Union teamed with Integral for Integral BankFX, a new risk management solution.

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Treasurers Beware: FX Risk Is Not What It Used To Be

PYMNTS

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. Indeed, FX costs and fees are often the first concern for businesses, especially smaller firms, that are growing across borders and encountering unfamiliar risks of FX volatility exposure.