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. Poland's mBank Taps Treasury Pricing FinTech. business customers, the FIs revealed. ThinCats Links Up With Open Banking FinTech Salt Edge.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

PYMNTS

APRIL 18, 2018

Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17). The companies will combine their risk analytics and hedge accounting software as well, they said. “We

Treasury 40

Treasury Compliance Foreign Exchange Risk Management 40

PYMNTS

APRIL 23, 2020

In today’s top news, Treasury Secretary Steven Mnuchin said companies that received Paycheck Protection Program (PPP) loans without qualifying could face investigations, and some small- to medium-sized businesses (SMBs) that received PPP loans said they won’t be able to rehire all of their employees.

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Treasury Foreign Exchange Economics Banking 52

PYMNTS

OCTOBER 21, 2019

In an interview with Karen Webster, John Ahearn, managing director and global head of trade for Citi’s Treasury and Trade Solutions business, said the B2B landscape is being reconfigured in ways that are likely permanent. Ahearn noted that supplier finance, in general, helps buyers manage their days payable outstanding (DPO).

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Finance Foreign Exchange Treasury Currencies 41

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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Finance Foreign Exchange Treasury Leadership 46

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.

Finance 50

Finance Foreign Exchange Concentration Currencies 50

PYMNTS

OCTOBER 22, 2020

The 142-year-old company touches nearly every aspect of today’s economy, from healthcare and aviation to energy production and finance. Treasury is in the middle of upgrading our FX infrastructure,” she said. GE has recently sought to bring digital optimization to its back-office payments processes as well.

Healthcare 98

Healthcare Foreign Exchange Treasury Economics 98

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. And it becomes more so when each company records their finances differently," he elaborated. But are they optimising it?

Mergers and Acquisitions (M&A) 98

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

Reval

JUNE 13, 2017

Hong Kong – 14 June 2017 – Kerry Logistics, a leading logistics provider based in Hong Kong, was awarded Best Liquidity Management Strategy for 2016, using Reval, the leading global software-as-a-service solution for treasury and risk management.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

FEBRUARY 8, 2019

7), while also helping SMBs save on foreign exchange (FX) costs. ” In another statement, Caxton FX Director of Treasury Solutions and Partnerships Andy Demetriades said small businesses that make purchases across borders often struggle with unexpected FX fees, “while expense reconciliation post-travel can be problematic.”

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

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

FEBRUARY 2, 2021

At a high level, the solutions can be harnessed to help consumers manage their finances in real time, quickening the time it takes for accounts to settle. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates. Benefits accrue to banks, too.

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Forecasting Foreign Exchange Leverage Treasury 111

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

OCTOBER 8, 2019

“The world is moving toward better technology, simpler design and instant access to data and automated analytics,” said Mark Smith, Citi Global head of liquidity management services, treasury and trade solutions. “We In related news , Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

AUGUST 29, 2017

In their Strategic Role of Treasury Survey , the AFP and Marsh & McLennan identified the forces pressing companies to shift the treasury department into a more strategic position. The role of corporate treasurer now expands beyond handling foreign exchange volatility. Handling Volatility. Progress Ahead.

Treasury 46

Treasury Foreign Exchange Cash Management Risk Management 46

PYMNTS

SEPTEMBER 19, 2019

To that end, said Ron Chakravarti, Treasury Advisory Group head at Citi, the role of the treasury management team in optimizing cash on a day-to-day basis is changing as real-time operations (and payments) increasingly command attention. By and large, we are not yet in a ‘world of real-time treasury’,” Chakravarti said.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

OCTOBER 6, 2016

“Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi. ”

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

PYMNTS

APRIL 19, 2018

based company, which provides global payments, foreign exchange (FX) and banking services, announced its real-time payments solution on Wednesday (April 18). Its services are PSD2-compliant and provide treasury management and other financial control services to CFOs and corporate treasurers.

Foreign Exchange 40

Foreign Exchange Currencies Treasury Accounting 40

PYMNTS

MAY 13, 2020

Speaking with Karen Webster, Citi Commercial Bank Senior Vice President and Treasury Sales Officer Thor Perplies described the experience of working with Flywire to facilitate the movement of funds from the U.S. to China within only a few hours in order to secure a PPE shipment for healthcare providers.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

AUGUST 1, 2018

As corporate treasurers grapple with the ever-increasing demands of their role in the enterprise, many of their new responsibilities involve complex management of finances, particularly when it comes to foreign exchange (FX) risk exposures — especially in today’s volatile times.

Foreign Exchange 40

Foreign Exchange Treasury Currencies Education 40

PYMNTS

OCTOBER 30, 2019

APIs also boost visibility into foreign exchange rates, Western Union said, while allowing the FI to offer business clients “the latest level of regulated European internet security,” it said in its announcement. .”

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

JUNE 30, 2016

Globalization has enterprises of all sizes keeping a closer eye on their exposure to risks related to foreign exchange volatility, political changes and the like. “Treasuries typically don’t have lots of resources,” Seward said. Following the U.K. Following the U.K. “The future of the U.K.

Budgeting 40

Budgeting Treasury Forecasting Prioritization 40

PYMNTS

MARCH 21, 2017

where her responsibilities included marketing and strategy for all lines of international business including trade services and trade finance, foreign exchange, correspondent banking, international treasury management, international personal banking. She was previously Executive Vice President at Wells Fargo Bank, N.A.

Foreign Exchange 40

Foreign Exchange Treasury Education Banking 40

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 CFO Currencies 52

PYMNTS

JANUARY 7, 2021

Fides Treasury Services , which works in multibank connectivity and communications, has rolled out new details about its plans to extend its shop for corporate treasury and finance solutions, according to a press release. The new marketplace will be available through the Fides Multibanking Suite web portal, the release stated.

Finance 88

Finance Foreign Exchange Treasury Transportation 88

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Real-Time Window To Treasury Management.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

Simply Treasury

SEPTEMBER 9, 2020

Treasury management is “anticipation”. The bond market would appear to compensate for this lack, as do stock-market issues, although these are on the decline or still at an exceptionally low level, after a financial earthquake unique in the history of modern finance. not all cash can be reported to central treasury.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

JUNE 15, 2020

GTreasury , a treasury management system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. Terry Beadle , GTreasury’s global head of Corporate Development, said the combination would prove valuable.

Foreign Exchange 99

Foreign Exchange Treasury Currencies B2B 99

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. Beyond FX management, trade finance is another popular use case for blockchain disruption, and one HSBC has been focusing on as well.

Foreign Exchange 76

Foreign Exchange Currencies Treasury Finance 76

PYMNTS

AUGUST 24, 2018

He cited a Bank of Canada study, showing that corporates with such plans tend to have stronger returns on assets, less need for cash on hand and more ability to finance growth at lower costs. The benefits are real. Quantify Risk. Risk management goes beyond currency hedging.

Risk Management 40

Risk Management Currencies Manufacturing Forecasting 40

PYMNTS

FEBRUARY 26, 2019

25) the launch of Multi-FX, a new offering that improves upon the global payables process for finance teams. According to the company, finance organizations are expected to make payments to international suppliers in their local currencies now more than ever. What’s more, just 11 percent have an active treasury department.

Foreign Exchange 40

Foreign Exchange Currencies Advertising Treasury 40

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

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Foreign Exchange 40

Foreign Exchange Compliance Finance Banking 40

PYMNTS

AUGUST 19, 2016

There’s a treasury aspect to this, which is how you move cash into a particular country to settle a transaction.” ” The case where multinational corporations have multiple entities across national borders can also lead to foreign exchange issues, too. ” How To Fix It. . ” How To Fix It. .

Foreign Exchange 40

Foreign Exchange Auditing Treasury Accounts Payable 40

CFO News Room

JANUARY 25, 2023

Federal Reserve Discount Window, primary credit activity (2003 – present) (Source: Bloomberg Finance, LP) Predictably, the use of the discount window rocketed upward early in the COVID outbreak. When markets calmed and uncertainty diminished, Fed lending through that facility gradually diminished, receding back to negligible levels.

Economics 130

Economics Foreign Exchange Finance Treasury 130

CFO News Room

FEBRUARY 5, 2022

Currency prices fluctuate constantly in the foreign exchange market. When Brazilian minister Mantega warned back in September 2010 about a currency war, he was referring to the growing turmoil in foreign exchange markets, sparked by new strategies adopted by several nations. ” In 2019, the central banks of the U.S.,

Currencies 130

Currencies Foreign Exchange Economics Treasury 130

Barry Ritholtz

AUGUST 16, 2022

RITHOLTZ: And those were Treasuries. He’s left the finance world, but he’s certainly not left the business world. That’s the foreign exchange markets, and to some extent, commodities. And you know, what an amazing person, philanthropist, great trader, visionary for the world of finance.

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Profit and Loss Foreign Exchange Valuation Investments 117