Global Finance

JULY 26, 2024

Modern treasuries face a diverse array of demands, such as real-time payments, high inflation and interest rates, and new compliance and sustainable finance obligations. Some may lack the appropriate treasury management solutions or may not know how to maximize liquidity process efficiency.”

Cash Management 93

Cash Management Treasury Compliance Banking 93

Simply Treasury

JUNE 3, 2021

Every year, EACT launches a treasury survey to identify top priorities for Corporates. Treasury top priorities. The 2021 EACT survey, as it has become a tradition, attempts early this year to determine what the treasury trends and priorities for multinational companies will be in the next 12 to 24 months.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Global Finance

DECEMBER 6, 2024

Offshore investments become a hedge against currency volatility. High inflation, currency volatility, and foreign exchange scarcity have eroded wealth and significantly contributed to a decline in net worth for many people. Wealth preservation and growth in Africa are highly challenging.

Banking 52

Banking Foreign Exchange Currencies Investments 52

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

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

FEBRUARY 8, 2019

marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs). 7), while also helping SMBs save on foreign exchange (FX) costs. Employees who use the prepaid card can have their transactions monitored by managers in real time. .

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

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 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

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 Banking 76

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

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

The Finance Weekly

OCTOBER 30, 2024

Kyriba Kyriba is a robust treasury and cash management platform built for larger enterprises. Key Features Global Bank Connectivity - Kyriba integrates with banks worldwide, ensuring businesses can manage cash across multiple countries and currencies.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

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

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

MAY 2, 2016

Treasury has added five nations to its list of trading partners with foreign exchange policies that need to be monitored, according to reports on Saturday (April 30). China, Germany, Japan, Korea and Taiwan are each on the list due to their currency practices, according to reports.

Treasury 40

Treasury Foreign Exchange Currencies Marketing 40

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. Some may lack the appropriate treasury management solutions or may not know how to maximize liquidity process efficiency.” Throughout 2023, JPMorgan Chase raised $2.3

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

Future CFO

JANUARY 21, 2021

As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury. One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure.

Treasury 52

Treasury Foreign Exchange Currencies CFO 52

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

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

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 Currencies Forecasting 65

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. Many of our clients are migrating off their core banks’ treasury service and leveraging Payment Rails’ payout platform because we offer automation and REST API connectivity.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

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 Treasury Foreign Exchange Economics 98

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

JANUARY 25, 2018

Treasury management firm BELLIN is expanding its offerings through a new partnership with Kantox , reports in bobsguide said this week. By teaming up with Kantox, we can now complement our TaaS [Treasury-as-a-Service] offering with FX management and hedging ,” said BELLIN Founder and CEO Martin Bellin in a statement.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

Global Finance

OCTOBER 7, 2024

To aid the island republic, the State Bank of India (SBI) has subscribed to $50 million in government Treasury bills issued by the Ministry of Finance of the Maldives, rolling over a one-year T-bill following the maturity of the previous subscription on September 19. India and China are among the nation’s biggest creditors.

Foreign Exchange 64

Foreign Exchange Currencies Treasury Finance 64

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

CFO News Room

FEBRUARY 4, 2022

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 10-year Treasury yield, which often climbs when investors expect longer-term growth and inflation, reversed an early descent immediately after the report.

Benchmarking 130

Benchmarking Treasury Economics Banking 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

CFO News Room

JANUARY 25, 2023

VIX Index, S&P 500 Index, US Dollar Index, and US High-Yield/10-year Treasury Yield Spread (2022) (Source: Bloomberg Finance, LP) But 2022 was a year uncommonly flush with exceptional stressors, especially for financial institutions. It began with a massive conventional war in southern Europe, which led to rising global tensions.

Economics 130

Economics Foreign Exchange Finance Banking 130

Future CFO

MAY 26, 2022

There will be intercompany transactions that happen between them, and it gets very complex when businesses are international – whether it's regulation or taxation, foreign exchange rates, or compliance. He suggested that the settlement procedure be automated, and integrated into the treasury management system.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

APRIL 18, 2016

But enabling international payments between corporates could do more harm than good if a business is meddling in foreign exchange without understanding the risks. The addition of Real-time FX to the Saxo Payments Banking Circle recognizes that corporate treasury departments need to trade foreign currency in real time,” he said.

Foreign Exchange 40

Foreign Exchange Currencies Prioritization Treasury 40

Global Finance

JUNE 6, 2024

Innovation: New Cash Management Program Company: Intesa Sanpaolo The bank’s New Cash Management Program consists of two innovative solutions for corporate customers: the Multi-Currency Optimizer and Virtual Account Management. It delivers payments directly to a worldwide workforce, without bank processing or currency conversion fees.

Construction 109

Construction Compliance Cash Management Banking 109

PYMNTS

APRIL 6, 2016

When B2B payments firm Saxo Payments released a new whitepaper outlining the troubles of cross-border payments for corporates, the company was gearing up for its latest release: a real-time foreign exchange trading platform, integrated into its Banking Circle portal. Saxo did not specify what its transaction fees will be, however.

Foreign Exchange 40

Foreign Exchange Profit and Loss Currencies Treasury 40

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

FEBRUARY 26, 2019

In a press release, Tipalti said Multi-FX gives customers the ability to fund their virtual accounts in a single currency and convert it to the local currency before the payout happens. According to the company, finance organizations are expected to make payments to international suppliers in their local currencies now more than ever.

Foreign Exchange 40

Foreign Exchange Currencies Advertising Treasury 40

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