PYMNTS

OCTOBER 8, 2019

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday (Oct. enabling those firms to access a custom platform that integrates with Citi’s existing foreign currency payments solution.

Foreign Exchange 74

Foreign Exchange Treasury Currencies Banking 74

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. In the latest show of support for distributed ledger technology, J.P.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

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. They think global, they hire global, and they acquire customers globally.".

Mergers and Acquisitions (M&A) 61

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

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

NOVEMBER 16, 2020

Currency Conversion Headache. One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. A B2B invoice may be issued and paid in one currency, but the recipient of those funds has to convert that money into their local currency. A Shifting Market.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

MARCH 16, 2020

Western Union, known for cross-border payments and money moving maneuvers, will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program, the release states.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63

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

APRIL 16, 2020

Deutsche Bank achieves PromptPay by combining instant payments with API technology in order to create “interactive” experiences. In addition, Deutsche Bank has also made headlines for its work in Sri Lanka helping with a new digital foreign exchange program. dollars.

Foreign Exchange 91

Foreign Exchange Currencies Banking Technology 91

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

NOVEMBER 17, 2020

Customers will be able to compare purchase orders alongside invoices before going to straight to payment in more than 145 currencies with the AP technology of Beanworks and the payments technology of Cambridge brought together.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

AUGUST 11, 2020

A woman in Australia will go to jail for the theft of more than 100,000 Ripple digital currency tokens over two years ago, ACS Information Age reported. The 25-year-old individual gained access to the digital currency account belonging to a man in his 50s. The crypto was then converted to bitcoin and moved into a number of locations.

Foreign Exchange 74

Foreign Exchange Currencies Accounting Finance 74

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

Simply Treasury

JUNE 3, 2021

It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Real-time treasury.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

NOVEMBER 2, 2016

A Japanese bank consortium gearing up to create a new real-time payments platform using blockchain technology from SBI Ripple Asia has expanded to 42 members. According to the report, the expanding consortium comes as SBI Holdings is moving ahead with plans to launch a digital currency exchange.

Foreign Exchange 77

Foreign Exchange Banking Currencies Technology 77

PYMNTS

MARCH 20, 2020

payments platform Ebury and Portuguese bank Crédito Agrícola (CA) have forged a partnership to allow the bank to work with more customers online and in a wider range of currencies, Ebury announced Thursday (March 19). Ebury was formed in 2012 by partners Salvador Garcia and Juan Lobato.

Foreign Exchange 52

Foreign Exchange Currencies Banking Technology 52

PYMNTS

JULY 15, 2020

. “But for a company that’s just starting to sell internationally, the ease of opening up a foreign bank account is non-existent.” ” The other option is to obtain a multi-currency bank account, but again, Nader noted, for smaller companies this is rarely available from their banking providers.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

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

OCTOBER 28, 2020

Advanced workflow automation functions enable connection to the client’s back-office technology. OpenPayd Debuts Access To Quick Foreign Exchange Payments. 27), which will help clients access easy foreign exchange payments, according to a press release. PCMI, Infintech Partner On Automated B2B Payments.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

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. Gelis emphasized the importance of automation in technologies that businesses do decide to adopt.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

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., With today’s tools and technology, CFOs no longer need to accept these FX losses as a ‘cost of doing business,’” The firm’s Chief Evangelist Wolfgang Koester said in a statement earlier this month.

Foreign Exchange 40

Foreign Exchange Currencies Treasury Technology 40

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

DECEMBER 4, 2019

Data integration technology and the embrace of the open banking business model, though, has opened up new opportunities for alternative lenders themselves to collaborate with fellow FinTechs and round out their solution sets in an effort to become a greater competitive force against legacy FIs. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

JANUARY 19, 2021

Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. If the firm decides to go ahead, the public offering could be the biggest market debut ever made by a Southeast Asian firm on a foreign exchange. Western Union allows for cross-currency, international transfers in 200 nations and territories.

Foreign Exchange 53

Foreign Exchange Currencies Invoicing Planning 53

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

PYMNTS

JUNE 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Multi-currency payments from the company’s systems are automated through the connection with the international payments system of TransferMate.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

JANUARY 28, 2021

In recognition of this pain point, the leadership of digital asset technology firm Custody Digital have launched Ledgermatic , a company positioned to enable corporate treasurers and chief financial officers (CFOs) to manage their digital asset workflows alongside traditional fiat operations. But it may not be smooth sailing ahead.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. Starting now, Australian Airwallex users can distribute virtual payment cards in multiple currencies to pay suppliers instantly. .

B2B 71

B2B Foreign Exchange Currencies Valuation 71

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

PYMNTS

JANUARY 20, 2021

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement. TransferMate lets businesses exchange international payments quicker and simpler than in the past.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

JUNE 10, 2020

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. As a result, Western Union can easily work with its network of 200 nations as well as 130 currencies under its operations.

Foreign Exchange 52

Foreign Exchange Risk Management Currencies Economics 52

CFO News Room

NOVEMBER 11, 2022

This week’s investor run on the FTX crypto-currency exchange marks round two of the great crypto crackup, and so far the victims are consenting adults. Barring an unexpected spread to the banking system, this is another in the long line of easy-money manias turned to panic.

Currencies 100

Currencies Banking Foreign Exchange Marketing 100

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability? China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

MARCH 10, 2020

“Small businesses do not have the time or resources to manage multiple technology solutions that often operate in silos — they need solutions to work and integrate with each other seamlessly,” Zhang said in the announcement. Airwallex gives SMBs the ability to tap interbank foreign exchange rates on global payments and deposits.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

PYMNTS

MARCH 7, 2018

Cambridge Global Payments , a unit of FLEETCOR and a provider of international payments and foreign exchange transactions, announced news on Tuesday (March 6) that it is aligning with Qwil to provide customers with advance payment capabilities. trillion to the economy.

Foreign Exchange 40

Foreign Exchange Currencies Leverage Technology 40

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. Their partnership will help support Wirexend’s growth after launching operations last year.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

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

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. Revolut, a U.K.-based

Currencies 40

Currencies Foreign Exchange B2B Investments 40