article thumbnail

Western Union Enables FX Hedging For Hong Kong SMEs

PYMNTS

Cross-border operations can expose companies to an array of risks, including foreign exchange risk. “FX Options enable SMEs to predict their cash flow more accurately and develop more reliable business forecasting,” Glendenning stated. Managing FX risk, he continued, is key for a corporate’s bottom line.

article thumbnail

How To Mitigate The Shock Of Brexit-Like Events

PYMNTS

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. But not every firm is prioritizing the use of technology that can provide more sophisticated financial forecasting. Following the U.K. referendum?

article thumbnail

The Events That Shook Forex Markets For Treasurers

PYMNTS

But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. This involves treasurers collaborating with their banks and FinTech providers to forecast the direction of the FX market, while maintaining compliance with corporate policy on hedging. Amid the U.S.