CFO News

MARCH 14, 2023

crore from criminal activities involving cryptocurrencies have been seized, frozen or attached under the provisions of Prevention of Money Laundering Act, 2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA), finance minister Nirmala Sitharaman said in Parliament on Monday. Proceeds amounting to Rs 953.70

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PYMNTS

APRIL 16, 2020

Plaid is unlocking payroll data to ease access to federal financing. Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies.

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Future CFO

OCTOBER 29, 2023

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IAS 21, The Effects of Changes in Foreign Exchange Rates The post The fundamentals of IAS 21 appeared first on FutureCFO.

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PYMNTS

JULY 8, 2020

In its announcement, InstaReM said that only 52 percent of Australian small businesses have access to the financing they need. Commercial cards can support small firms’ financing requirements, while BizPay aims to tackle the friction of high foreign exchange fees and other charges, the company noted.

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PYMNTS

JANUARY 18, 2021

These factors are putting companies to the test, especially in how they handle their corporate finances. The pandemic is causing fluctuations in the global economy, and supply and demand shifts are causing many businesses to face liquidity stresses and limited credit access.

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PYMNTS

SEPTEMBER 21, 2020

billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX). Global business payments firm FLEETCOR has struck a deal to buy Associated Foreign Exchange (AFEX) to assist in bolstering its own payments network.

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PYMNTS

JANUARY 11, 2018

overwhelmingly plan to expand financing activity this year. might be expanding, gaps in business finance – especially among SMBs – remain. Among the biggest gap in the world right now is trade finance. Even more recent analysis from Euromoney in its Trade Finance 2018 report highlighted the struggling trade finance space.

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PYMNTS

DECEMBER 9, 2020

The platform aims to help companies get into digital banking and access benefits like collateral-free financing and flexible business management, the release stated. Key features include the aforementioned fully digital business accounts, along with quick application processing, according to the release.

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PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it.

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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. Cross-Border Headaches. All of this is really manual," noted Gulati. "If

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Planful

SEPTEMBER 14, 2021

5 discussions of finance and accounting techniques. These keynotes, hands-on sessions, stories, chats, and trainings—by and for finance and accounting professionals—served as a fitting kickoff to this two-day online conference. Perform 2021 Day 1 offered the latest progressive thinking behind the transformation of finance.

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PYMNTS

DECEMBER 16, 2020

While Malta passed blockchain-friendly regulations in 2018 to encourage innovation, “traditional banks have written off blockchain at its early stages,” said Malta Finance and Employment Minister Clyde Caruana, Cointelegraph reported, citing Lovin Malta , a media outlet. In other news, the U.S. customers. “It

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PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. This increase could reflect corporate buyers’ increasing use of different currencies to pay their vendors to take advantage of FX fluctuations, particularly the exchange rate between the pound and the euro.

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PYMNTS

OCTOBER 20, 2020

With the new partnership and solution, Mphasis customers can access new payments, working capital and Foreign Exchange services, with an aim toward meeting the needs of small and medium-sized businesses (SMBs).

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Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. CLOUD ACCOUNTING DISRUPTS THE FINANCE INDUSTRY Cloud accounting is a term that did not exist in my vocabulary a couple of years ago, but it completely changed my life and my thinking.

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PYMNTS

OCTOBER 21, 2019

Companies navigating new trade corridors — in Europe, Asia and elsewhere, using supply chain finance — will have to onboard new suppliers, and arrange different terms. On a larger scale, the certainty of payments done through online portals and financing helps cement supply chains, said Ahearn, and can even create competitive advantages.

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Future CFO

SEPTEMBER 11, 2023

In our most recent rating assessments, we stated that external finance factors, potentially including marked or sustained declines in foreign-exchange reserves, could be a driver of negative rating action in sovereigns such as Bangladesh (BB-/Stable), the Maldives (B-/Negative), Mongolia (B/Stable) and Vietnam (BB/Positive),” said Fitch.

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PYMNTS

NOVEMBER 16, 2020

Yet these smaller companies struggle to access the kinds of financial products and services larger enterprises wield to finance that trade. One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. Currency Conversion Headache.

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PYMNTS

JUNE 16, 2020

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports.

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PYMNTS

OCTOBER 28, 2020

REPAY’s acquisition of CPS will be financed with cash on hand, while the transaction is anticipated to close in Q4 2020 “subject to certain customary closing conditions,” according to the announcement. OpenPayd Debuts Access To Quick Foreign Exchange Payments. 27) announcement.

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PYMNTS

MAY 1, 2020

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 Finablr then revealed it was in danger of collapsing in March after finding $100 million in undisclosed financing, which the company said had likely come from before its IPO two years previously.

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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. Surecomp Wields Open Banking For Trade Finance. TransferWise Integrates With Mambu.

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PYMNTS

NOVEMBER 12, 2020

Lloyds, Demica Collab On Supply Chain Finance. Lloyds Bank Commercial Banking is teaming up with FinTech Demica to introduce a new supply chain financing platform for joint U.K. business customers, the FIs revealed. Poland's mBank Taps Treasury Pricing FinTech.

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PYMNTS

DECEMBER 20, 2020

based supply chain trade finance platform, is rolling out its services in India, a report from The Hindu Business Online says. and European markets, has adjusted its platform to fit with the unique regulations, customs and practices of Indian banks and the country's foreign exchange control regime, the report says.

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PYMNTS

AUGUST 11, 2020

After changing the two-factor authentication, the individual moved a cache of digital currency to a foreign exchange. The firm works to assist in making a decentralized finance (defi) business model in which apps have their instructions spread throughout different computers globally.

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PYMNTS

APRIL 22, 2020

Travelex , the British foreign exchange company, is seeking a buyer, the Financial Times (FT) reported. “As One month ago, London-based Finablr said it was in danger of collapsing after it discovered $100 million of undisclosed financing and was not confident of its financial health.

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PYMNTS

DECEMBER 4, 2019

based Just Cash Flow PLC is among that community, an alternative SMB lender providing a range of financing products, including a revolving credit facility and term loans. This week, the firm announced a collaboration with Ebury to integrate foreign exchange (FX) and cross-border payment services into its product suite.

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PYMNTS

JANUARY 28, 2021

Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way. But it may not be smooth sailing ahead. You’re starting to see the green shoots here,” said Sully. “As

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PYMNTS

OCTOBER 7, 2020

The new APIs assist with retrieving check images, obtaining reports and foreign exchange (FX) settlement. DBS, Standard Chartered To Launch Trade Finance Registry. Standard Chartered and DBS Group are rolling out a digital trade finance registry along with 12 other Singapore financial institutions.

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PYMNTS

MARCH 1, 2019

South Africa’s Standard Bank has announced a new private-permission, cloud-based distributed ledger platform that aims to speed up foreign exchange (FX) payments, as well as make transactions more transparent. The platform will go live in the first half of this year.

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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. That sent the peso plummeting.

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PYMNTS

APRIL 10, 2020

According to Rio Tinto, greater efficiency means capturing a greater share of payments volume in the market, allowing Emirates NBD to increase revenues through foreign exchange, trade finance and supply chain finance services that can similarly gain operational efficiencies as a result of the holistic, integrated payments platform.

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PYMNTS

JANUARY 20, 2021

With this partnership we can deliver significant savings via highly competitive foreign exchange rates and ease the burden of processing transactions on finance teams,” Clune said in the announcement. TransferMate lets businesses exchange international payments quicker and simpler than in the past.

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PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. That news comes care of the government’s finance minister and came as welcome news for crypto investors nationwide.

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PYMNTS

JANUARY 8, 2018

In this week’s B2B Data Digest, PYMNTS digs into surveys on SMBs to explore how entrepreneurs are stepping into the new year, from business confidence to access to financing to global outlook. As it turns out, a clear picture of the state of small businesses is difficult to grasp, with some reports contradicting others. 75 percent of U.K.

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PYMNTS

OCTOBER 8, 2020

Mambu worked with B2B cross-border technology firm Currencycloud in order to let clients quickly work to put virtual accounts, collections, foreign exchange services and payments in place. The changes aim to improve speed and control in banking.

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PYMNTS

OCTOBER 31, 2018

Foreign exchange (FX) brokerage solutions provider Leverate is rolling out a cryptocurrency solution aimed at promoting crypto adoption among brokers and businesses. Reports in Finance Magnates on Tuesday (Oct.

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