PYMNTS

DECEMBER 26, 2018

Last month, two men were executed for allegedly smuggling foreign currency and illegally altering the gold-coin market. Hundreds of foreign-exchange dealers have also been arrested for black-market currency operations. This month, 50 men were given 20 years in prison for bribes, embezzlement and damaging the economy.

Economics 63

Economics Foreign Exchange Currencies Numbers 63

Future CFO

SEPTEMBER 21, 2023

With growing external uncertainties and geopolitical risks, it would be important for Hong Kong to further diversify its economic base, widen its global reach, and continue to address structural challenges such as ageing population, housing supply, and social inclusion, AMRO noted. in 2023, before moderating to 3.3

Foreign Exchange 52

Foreign Exchange Economics Transportation Financial Systems 52

Future CFO

JANUARY 31, 2024

Kwang Hwee also believes that they should remain vigilant and mindful of risks, particularly in respect of contract, credit, foreign exchange, geopolitical and other risks. Singapore should be a stand-out performer in the bloc."

Foreign Exchange 52

Foreign Exchange CFO Risk Management Economics 52

PYMNTS

APRIL 30, 2018

Hopes for the Bank of England to raise interest rates have been dashed after new data showed weaker economic growth for the country, reports said. Market volatility and uncertainties linked to Brexit seem to have hit corporate spending in the U.K.

Economics 40

Economics Foreign Exchange Currencies Banking 40

PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. In today’s challenging economic environment, I am pleased to continue our expansion into a prime market that aligns with our strategic growth plans,” Dowd said in a press release.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

PYMNTS

SEPTEMBER 23, 2020

The debit card doesn’t have foreign exchange fees or monthly charges, while it has a flat ATM fee of 2 euros ($2.34) globally. Supporting small businesses is an indispensable part of the economic recovery,” David Dechamps , senior vice president of Digital Partnerships at Mastercard Europe, said in the announcement. “To

Foreign Exchange 145

Foreign Exchange Economics Retail Accounting 145

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

CFO News Room

NOVEMBER 1, 2022

Some economic historians insist it was “to promote the interests of commercial banks, rather than economic recovery”. Major CB interventions have caused both economic booms or bubbles and busts or contractions, often without mitigating inflation. Originally published at Jomo Kwame Sundaram’s website. Sending Global South South.

Banking 100

Banking Economics Foreign Exchange Leverage 100

Simply Treasury

JUNE 3, 2021

When payments were in foreign currencies, this may have affected their results because of currency hedging. The extremely high market volatility during the health crisis, one of the economic consequences of COVID, also forced many companies to review their hedging strategy.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

DECEMBER 16, 2020

We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said Raghu Yarlagadda, FalconX CEO and co-founder, in the release. According to the report, many foreign exchanges may try different ways to ban U.S. customers. “It

Foreign Exchange 60

Foreign Exchange Investments Banking Financial Analyst 60

PYMNTS

SEPTEMBER 1, 2020

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. The goal is to help get payments out to those who need financial aid due to the pandemic's economic effects.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

PYMNTS

AUGUST 6, 2018

In other news, Iran is easing foreign exchange rules that were meant to be in response to U.S. We are in conditions similar to an economic war,” Central Bank Governor Abdolnaser Hemmati has said on television, according to Financial Times. “[But] sanctions, Financial Times reported. On Sunday (Aug. dollars, in addition to gold.

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

Bramasol

DECEMBER 20, 2022

Global Inflation and Economic Uncertainty. The McKinsey Global Economics Intelligence report says "Global forecasting institutions, such as the International Monetary Fund, the World Bank, and the OECD, as well as central banks, are trimming growth estimates to align with high inflation and slowing economic activity.".

SAP 75

SAP Foreign Exchange Economics Budgeting 75

PYMNTS

DECEMBER 4, 2020

Funds can be kept in the original currency or converted at the interbank rate to help save on foreign exchange costs, the company said. Early access to salaries could be a genuine lifeline for many during these tough economic times,” Storonsky said in a statement on Wednesday (Dec.

Foreign Exchange 73

Foreign Exchange Currencies Banking Economics 73

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. We've suffered losses with the company.

Healthcare 98

Healthcare Foreign Exchange Treasury Economics 98

PYMNTS

SEPTEMBER 17, 2018

percent for foreign exchange transactions. percent for foreign currency ones. It is an 18 basis point increase on the foreign exchange limits, noted Reuters. The country’s finance minister Berat Albayrak is expected to offer a medium-term economic plan this week, reported CNBC.

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

PYMNTS

NOVEMBER 4, 2019

In collaboration with its money transfer principals MoneyGram and Ria, Walmart will offer customers more choices for payout methods and locations as well as competitive foreign exchange rates. Walmart estimates that customers who have used Walmart2Walmart and Walmart2World saved an estimated $1 billion in fees since 2014. .

Foreign Exchange 40

Foreign Exchange Retail Economics 40

PYMNTS

JUNE 26, 2020

The company, formed in 2018, calls itself the “Payment Hub of the New Economy,” and wants to provide “comprehensive functionality, improved economics and quicker time to market” during the increasingly complex payments world of today, the release says. CEO Patricia Montesi said the structure is “holistic.”.

B2B 60

B2B Foreign Exchange Economics Securities 60

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

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. “But what it has actually done is create an unnecessary economic and technical burden for everyone wanting to play a role.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

JUNE 10, 2020

Recent world events have had a huge economic impact so traditional business, models must be replaced. The Scottish technology firm said SMBs receive a platform that lets them compete in international markets with EdgeCTP and WU Edge joined together, according to a Wednesday (June 10) announcement.

Foreign Exchange 52

Foreign Exchange Risk Management Currencies Economics 52

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. If you want to look at overall global GDP or global trade or any other measure, foreign exchange is about 14 to 15 times larger,” he said.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing CFO 76

Future CFO

JANUARY 21, 2020

The absence of tangible plans to address either the political or economic and social concerns of the Hong Kong population that have come to the fore in the past nine months may reflect weaker inherent institutional capacity than Moody's had previously assessed,” said Moody’s. Fiscal reserves of HKD1.2 Fiscal reserves of HKD1.2

Foreign Exchange 40

Foreign Exchange Economics Currencies Planning 40

PYMNTS

APRIL 23, 2020

The PPP will forgive the loans as long as businesses spend 75 percent of the funds on payroll within eight weeks of receiving the money, but SMBs say that economic conditions and the terms of the loan will make rehiring everyone difficult. Travelex, the British foreign exchange company, is seeking a buyer.

Treasury 52

Treasury Foreign Exchange Economics Banking 52

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. HSBC’s survey also found that 77 percent of CFOs plan to allocate more funding to their FX strategies.

Foreign Exchange 40

Foreign Exchange Currencies Treasury CFO 40

CFO News Room

FEBRUARY 4, 2022

The bloc has a long history of divergent economic growth between the prosperous north, in countries such as Germany and the Netherlands, and the heavily indebted south, led by Italy, Greece and Spain. As the ECB starts to normalize, that means more risk in southern European economies,” said. They are more dependent on ECB support, he said.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

PYMNTS

SEPTEMBER 13, 2018

Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. We’re seeing more economic and political volatility than we’ve seen in a long time, along with a lot of trade concerns,” Schamotta said.

Risk Management 40

Risk Management Currencies Foreign Exchange Economics 40

PYMNTS

JULY 29, 2019

billion and are watched with keen interest because they are a sign of intervention by foreign exchange. . Intervention has been a [long time] coming, the franc has been rising in recent months,” said David Oxley, senior Europe economist at Capital Economics. Those deposits increased by $1.7

Foreign Exchange 46

Foreign Exchange Benchmarking Currencies Banking 46

PYMNTS

SEPTEMBER 30, 2020

Moreover, the debit card doesn’t have monthly fees or foreign exchange charges, while it has a fixed ATM charge worldwide of 2 euros (approximately $2.35). Supporting small businesses is an indispensable part of the economic recovery,” said David Dechamps , senior vice president of digital partnerships at Mastercard Europe.

Foreign Exchange 77

Foreign Exchange Economics Accounting Banking 77

PYMNTS

JULY 31, 2018

Allegations that American Express secretly hiked foreign exchange rates for small business customers is thrusting the challenges and points of friction that entrepreneurs face with cross-border payments back into the spotlight. That negative impact amounts to an estimated $91,500 in financial costs to small firms. “By

Foreign Exchange 40

Foreign Exchange Currencies Sales Economics 40

Simply Treasury

JUNE 3, 2021

The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk. The FX risk, given high volatility of markets and uncertainties, is back in top priorities.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

OCTOBER 24, 2018

23) that RBS will use the funds for trade finance, term finance and liquidity financing for SMBs that conduct trade with the European Union (EU) or have significant exposure to foreign exchange (FX) volatility. McEwan warned earlier this month that such a scenario would have significant, negative economic effects.

Foreign Exchange 53

Foreign Exchange Finance Banking Economics 53

PYMNTS

JANUARY 3, 2017

The members said they have set a goal to develop three use cases for blockchain in this area, including supply chain financing and circular economics. The member companies have invested $2.3

Foreign Exchange 55

Foreign Exchange Finance Economics Investments 55

PYMNTS

SEPTEMBER 18, 2018

Pick a favorite cliché — it’s OK — and feel free to apply it to this current phase of global economic volatility. The conversation also underscored the growing important of currency hedging, foreign exchange and risk management for businesses of all types. Silver linings. Blessings in disguise. Opportunities are knocking.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

AUGUST 18, 2016

Earlier this week, for instance, Hitachi Capital Invoice Finance pointed to threats within global supply chains stemming from the economic uncertainty over Brexit. Foreign exchange payments and hedging company Global Reach Partners (GRP) might be one of them. But for some financial service providers, Brexit means opportunity.

Foreign Exchange 40

Foreign Exchange Banking Invoicing Finance 40

PYMNTS

NOVEMBER 28, 2018

In anticipation, banks have reportedly extended credit to corporate clients early and have begun to sell insurance to mitigate the risk of foreign exchange (FX) volatility. Those risks include an over-reliance on supply chains across borders or on those that are particularly vulnerable to economic volatility.

Banking 49

Banking Foreign Exchange Finance Currencies 49

PYMNTS

FEBRUARY 27, 2019

Achtner described the business segment as “a major contributor to economic growth in the U.S.” Other initiatives in the corporate financial services space include HSBC’s blockchain foreign exchange transaction solution. .” HSBC cited its own research, which found that middle-market firms account for $7.3

Marketing 43

Marketing Foreign Exchange Leverage Banking 43