PYMNTS

JULY 30, 2020

The new system, slated to debut in 2022, will also have the capability to handle a central bank digital currency (CBDC), such as a digital pound, CoinDesk reports. A digital currency could be later layered onto the revamped system if and when the BoE chooses to do so, the news site reported.

Currencies 63

Currencies Banking Risk Management Financial Systems 63

PYMNTS

JUNE 27, 2018

Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms. Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

PYMNTS

SEPTEMBER 13, 2018

Bad weather, infestation, speculation: Such factors can not only mean survival or failure for farmers, but impact food prices and the larger global economy without any effort at hedging or risk management. Corporates tend to be more pragmatic and take risk off the table,” he said. dollar and other factors.

Currencies 40

Currencies Risk Management Economics eCommerce 40

Planful

OCTOBER 25, 2016

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

PYMNTS

MARCH 26, 2020

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.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

Future CFO

DECEMBER 7, 2023

Enhanced Risk Management : CFOs should prioritise comprehensive risk assessments, focusing on the impacts of China’s debt situation on their business operations. Astute Currency Management : With the yuan’s value potentially fluctuating, adept management of currency exposure is crucial.

Economics 52

Economics Currencies Communication Risk Management 52

PYMNTS

APRIL 26, 2017

In our CAB meetings, we focus on innovating solutions that can help eliminate regulatory and market challenges and plan for surprises, such as the financial crisis of 2008 or the recent political and currency volatility that we’re experiencing around the world today.

Risk Management 40

Risk Management Treasury Auditing Securities 40

CFO Share

DECEMBER 9, 2023

Financial forecasting is the process of estimating a business’s future financial outcomes based on historical data, current market trends, and management insight. It involves predicting revenue, expenses, and cash flow to make informed decisions about resource allocation, growth strategies, and risk management.

Forecasting 52

Forecasting Planning Currencies Startups 52

Simply Treasury

JUNE 3, 2021

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. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

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?

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

MARCH 16, 2020

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.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63

PYMNTS

DECEMBER 6, 2018

Nawaz Ali, senior currency strategist at Western Union , told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation. He stated, too, that currency risk management is often not a priority for many SMBs on a day-to-day basis. and GBP/EUR could rise [toward] €1.15 [$1.30

Currencies 53

Currencies Foreign Exchange Risk Management Retail 53

PYMNTS

DECEMBER 17, 2020

Flywire’s customers are predominantly in the healthcare and travel industries and will benefit from Adyen’s extensive international reach and support of numerous currencies. Customers can also tap RevenueProtect, Adyen’s risk management and fraud prevention product. .

Healthcare 72

Healthcare Currencies Risk Management Startups 72

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

APRIL 10, 2019

The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times.

Risk Management 54

Risk Management Leadership Prioritization Economics 54

PYMNTS

JANUARY 7, 2021

The paper reported that the Office of the Comptroller of the Currency (OCC) is looking into business card sales tactics at the company as well, citing unnamed sources. 7), citing unnamed sources. A representative for AmEx told WSJ, “We have robust compliance policies and controls in place, and do not tolerate misconduct.”

Sales 97

Sales Treasury Auditing Risk Management 97

PYMNTS

AUGUST 8, 2019

The collaboration gives the 12,000-plus national ACTA members an opportunity to tap into Western Union’s payments expertise and knowledge of foreign currency transactions and currency risk management, according to a Western Union press release on Thursday (Aug.

Currencies 71

Currencies Risk Management Leverage Accounting 71

PYMNTS

JUNE 18, 2020

Users receive an ID that works throughout “any payment network to transfer any currency” with PayID. legislators that digital currencies should have stricter supervision, CoinDesk reported. He noted that a number of payment technologies and digital currencies provide real anonymity or some degree of it.

Currencies 56

Currencies Risk Management Numbers Securities 56

CFO Talks

MARCH 14, 2024

They play a crucial role in strategic planning, risk management, and driving innovation, extending their influence far beyond the finance department. Risk Management: Given the CFO’s role in identifying and mitigating risks, tasks related to safeguarding the company’s assets and financial health are critical.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

PYMNTS

JANUARY 26, 2021

Meanwhile, the Philippines’ Monetary Board (MB) approved a new set of guidelines for virtual asset service providers (VASPs) that expands virtual currency exchange (VCE) regulations set in 2017, according to a press release. “We

Marketing 97

Marketing Risk Management Currencies Banking 97

PYMNTS

SEPTEMBER 15, 2020

Having multiple providers ensures merchants can still access funds from their card transactions even if one bank provider stops operating in a certain industry or currency, for example.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

AUGUST 5, 2019

Providing customers with mobile, telephone and online payment capabilities on a multi-currency platform, moneycorp also enables them to exchange money through 120 currencies. Rochford helps its clients manage how treasury risks affect their balance sheets, cash and profitability. The company said it took care of 5.9

Treasury 43

Treasury Risk Management Currencies CFO 43

PYMNTS

SEPTEMBER 30, 2018

1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. Virtual currencies are an important, emerging area within the world’s fast-growing digital economy. IdentityMind Global announced Monday (Oct.

Currencies 57

Currencies Compliance Risk Management Investments 57

PYMNTS

AUGUST 29, 2018

Rather than allow the value of foreign holdings to slide with the FX rate, companies with money tied up in foreign currencies can take steps to soften the impact of currency valuations like the one that followed Brexit. By some estimates, there is more than $90 trillion in funds being held by foreign institutions globally.

Currencies 40

Currencies Risk Management Valuation Marketing 40

PYMNTS

JUNE 10, 2020

In separate news, Western Union teamed with Integral for Integral BankFX, a new risk management solution. Western Union was to harness Integral’s system for risk management throughout its Western Union Business Solutions initiative. BankFX will be linked to the cloud.

Foreign Exchange 52

Foreign Exchange Risk Management Currencies Economics 52

Spreadym

APRIL 27, 2023

Risk management: These tools help users identify and manage financial risks, such as market fluctuations, interest rate changes, and currency exchange rates. For this purposes the FA&P software should be available for integration with third-party software.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

MARCH 29, 2019

It isn’t known if the partnership will include cryptocurrency or not, especially since the Reserve Bank of India (RBI), the country’s central bank, issued a statement saying it wouldn’t support the digital currency. The firms said risk management and transparency will be part of the network, with an eye on digitizing business processes.

Banking 96

Banking Risk Management Currencies Economics 96

PYMNTS

SEPTEMBER 14, 2018

Deutsche Bank’s Global Transaction Banking Unit released a report that shows that faster payments are spurring corporate treasurers to get a bit faster, too, as they manage risk. Along with real-time conversions comes the need for real-time FX volatility management.

Foreign Exchange 49

Foreign Exchange Risk Management Currencies B2B 49

PYMNTS

NOVEMBER 26, 2019

Ramaswamy was most recently the head of enterprise risk management at Capital One, and was also previously the managing director and global head of AML compliance risk management at Bank of America. C Labs, which is working on mobile-friendly crypto payments tool Celo, has hired Jai Ramaswamy, a former U.S.

Risk Management 56

Risk Management Compliance Currencies Securities 56

PYMNTS

AUGUST 17, 2018

Markets and currencies can fluctuate in seemingly strange ways, sucking profit from the season’s labor. But as Jeff Matheson, senior vice president at Cambridge Global Payments , discussed in a recent PYMNTS interview, the seafood industry still has a few things to learn about managing risk and hedging bets. Still Some Paper.

Risk Management 40

Risk Management Foreign Exchange Manufacturing Currencies 40

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release. RBA expects to finish the project at the end of this year.

Banking 64

Banking Risk Management Compliance Currencies 64

Reval

MARCH 7, 2017

2) Enhanced Risk Management Toolbox. As costs of hedging include time value of options – as well as currency basis and forward points – options can now come back into the toolbox of the risk manager. To apply component hedging, it is necessary that the component can be identified separately and measured reliably.

IFRS 52

IFRS Accounting Risk Management Treasury 52

PYMNTS

FEBRUARY 15, 2019

Mark Williamson, chief operating officer of FX cash trading and risk management, told Reuters that HSBC processes from 3,500 to 5,000 trades a day on FX Everywhere, with trades now being worth $350 billion. HSBC recently revealed that it had settled more than $250 billion in transactions via the platform.

Foreign Exchange 63

Foreign Exchange Risk Management Startups Currencies 63

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

Banking 52

Banking Currencies Advertising Risk Management 52

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

SEPTEMBER 13, 2018

Adopting real-time business processes has led them to embrace real-time FX management. The Deutsche report cites data from Euromoney, which shows that as many as two thirds of executives have interest in adopting automated, round-the-clock currency conversion activities.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies B2B 40

PYMNTS

OCTOBER 29, 2019

“We need to work with our governments in Latin America to show them the potential of the technology,” said Eirivelthon Santos Lima, the project director of IADB’s environment, rural development and disaster risk management division in La Paz, Bolivia. Some companies attempt to challenge sovereign currency by issuing bitcoin or Libra.

Currencies 40

Currencies Risk Management Startups Economics 40