PYMNTS

FEBRUARY 8, 2017

China’s foreign exchange reserves have slipped below the $3 trillion mark, as measured in January. The foreign exchange regulator, the State Administration of Foreign Exchange, has said that currency reserves are adequate and will continue to provide a level of support to the yuan.

Foreign Exchange 40

Foreign Exchange Currencies Banking Marketing 40

PYMNTS

SEPTEMBER 6, 2016

s share of the foreign exchange market has dropped, while the Bank for International Settlements (BIS) reported that Asia, particularly Hong Kong, Tokyo and Singapore, are picking up the pieces. Brexit has hit the pound hard. Financial Times reported that the U.K.’s

Foreign Exchange 40

Foreign Exchange Marketing Currencies Banking 40

CFO News

MAY 2, 2023

The Reserve Bank of India (RBI) administered Foreign Exchange Management Act (FEMA) accepts valuation by a Sebi-registered Category 1 merchant banker using any internationally accepted pricing methodology applied on an arm’s length basis.

Valuation 52

Valuation Foreign Exchange Banking 52

CFO News

APRIL 10, 2023

"India's fundamentals are strong, and we remain positive about India's sustained and consistent policy framework, solid foreign exchange reserves, ongoing good corporate earnings, and strong banks. The private sector's capex is slowly coming back, which is a good sign," Lambah said.

Foreign Exchange 52

Foreign Exchange Investments Banking 52

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

Foreign Exchange 52

Foreign Exchange Finance 52

CFO News

MARCH 6, 2023

Self-sufficiency in food production, a sizeable foreign-exchange war chest and a vast software exports industry helped cushion the commodity and hard-currency shortages that, in various degrees, hobbled the region’s frontier markets: Sri Lanka, Pakistan and Bangladesh.

Foreign Exchange 52

Foreign Exchange Currencies Marketing 52

CFO News

FEBRUARY 5, 2023

Such overseas investment is valued differently under the Foreign Exchange Management Act and the Income Tax Act. A senior official said the government is examining the different valuation criteria prescribed under two separate laws which could lead to disputes and litigations.

Valuation 52

Valuation Foreign Exchange Investments 52

CFO News

FEBRUARY 4, 2023

The foreign exchange reserve in the last two days has gone up by 8 billion. So whether our macro economic fundamentals or our economy's image, none of which has been affected, Sitharaman said. Here’s what more she said on the Adani crisis:

Foreign Exchange 52

Foreign Exchange Economics 52

PYMNTS

NOVEMBER 3, 2020

Statrys is a payment offering is targeted to small and medium-sized businesses (SMBs), entrepreneurs and upstarts that need flexible banking and developed foreign exchange offerings that can let them expand around the world.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

CFO News

DECEMBER 9, 2022

India's foreign exchange reserves rose for the fourth consecutive week to an over three-month high of $561.16 billion in the week through December 2 as per the Reserve Bank of India's (RBI) statistical supplement updated on Friday. India's forex reserves for the week ended November 25 stood at $550.14

Foreign Exchange 52

Foreign Exchange Banking 52

PYMNTS

FEBRUARY 4, 2020

Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. Visa, which acquired Earthport in May 2019, said the sale will help to speed up Earthport’s growth of its larger core payments business.

Foreign Exchange 100

Foreign Exchange Treasury Currencies Banking 100

PYMNTS

SEPTEMBER 20, 2020

Isabel Group CEO Jean de Crane said the new partnership "will add value to our mutual business customers in the processing of their payments and foreign exchange strategies. We are looking forward to working together with this international player in our ecosystem.".

Foreign Exchange 120

Foreign Exchange Banking Currencies B2B 120

CFO News

DECEMBER 12, 2022

According to reports, India' s foreign exchange holdings were USD 532.87 The stability of any currency depends on the country's forex reserves and trade deficit. billion in October this year, significantly lower than USD 642.45 billion a year earlier.

Foreign Exchange 52

Foreign Exchange Currencies 52

CFO News

DECEMBER 2, 2022

Furthermore, the movement in foreign exchange may also play a crucial role in scripting the performance of India Inc. On a YoY basis, all the major sectors reported growth in revenues in Q2 FY2023, with sectors like hotels, oil & gas, airlines, and power reporting sizeable YoY growth, albeit on a low base.

Foreign Exchange 52

Foreign Exchange 52

PYMNTS

JUNE 19, 2020

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering. In separate news, BNP Paribas , the French financial institution, unveiled a FinTech partnership to bolster its foreign exchange service offerings per news in September.

Foreign Exchange 64

Foreign Exchange Risk Management Treasury Banking 64

CFO Leadership

FEBRUARY 16, 2022

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. The Foreign Exchange Market.

Currencies 52

Currencies Risk Management Foreign Exchange Valuation 52

PYMNTS

SEPTEMBER 17, 2020

Flywire will work with Mastercard to provide discounted foreign exchange rates on cross-border tuition payments for students, according to a press release emailed to PYMNTS.

Foreign Exchange 126

Foreign Exchange Reconciliations Currencies Education 126

PYMNTS

JULY 10, 2019

Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform. Custom remittance information can be sent directly back to the foreign vendor, while the service also supports custom reporting for a buyer’s own back-office processes. “A

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

DECEMBER 26, 2019

China is in the midst of planning to build out its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE), as Reuters reported.

Foreign Exchange 54

Foreign Exchange Finance Construction Banking 54

PYMNTS

DECEMBER 15, 2019

Workers in the bank’s foreign exchange team allegedly brought tens of millions of pounds to the bank by rigging exchange rates between 2010 and 2014. Discovery of the scheme happened while the bank was investigating a different foreign exchange rigging scandal. The bank recently reached a $4.9

Foreign Exchange 52

Foreign Exchange Banking Securities Numbers 52

Future CFO

DECEMBER 7, 2022

In addition, US dollar input costs will increase for companies like airlines and steel manufacturers in Australia, although many also hedge these foreign exchange exposures and can pass on some cost increases to consumers, Moody’s added.

Foreign Exchange 52

Foreign Exchange Currencies Manufacturing Leverage 52

PYMNTS

JANUARY 18, 2021

Companies that have long been involved in importing or exporting goods — especially those with international operations — identify foreign exchange (FX) management to be a major source of risk, given the large fluctuations in exchange rates.

Treasury 127

Treasury Foreign Exchange Corporate Finance Risk Management 127

PYMNTS

OCTOBER 8, 2019

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday (Oct. enabling those firms to access a custom platform that integrates with Citi’s existing foreign currency payments solution.

Foreign Exchange 74

Foreign Exchange Treasury Currencies Banking 74

PYMNTS

MAY 9, 2019

European Union antitrust regulators are going to fine seven banks for manipulating the foreign exchange market, according to reports. The manipulation of the foreign exchange rate was done in chat rooms with names like “The Cartel,” “The Mafia” and “The Bandits’ Club,” according to U.S. regulators.

Foreign Exchange 62

Foreign Exchange Banking Marketing B2B 62

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.

Foreign Exchange 89

Foreign Exchange Banking Valuation Forecasting 89

PYMNTS

FEBRUARY 18, 2020

18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. Like the others, it will be a location where two Asian clients can pay one another in local currency, and reduce the foreign exchange cost to one conversion, according to Deutsche Bank.

Foreign Exchange 60

Foreign Exchange Banking Currencies B2C 60

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

PYMNTS

NOVEMBER 6, 2018

Technology developed by Bloomberg is now being used by Shell ‘s Foreign Exchange Central Treasury unit to interconnect the fuel conglomerate’s operating units across 22 markets, the companies revealed Monday (Nov.

Treasury 53

Treasury Foreign Exchange Banking Startups 53

PYMNTS

JUNE 15, 2020

Companies will also have to worry less about risk because of the better visibility and control over foreign exchange payments and currency exposures for procurement and treasury stakeholders.

Foreign Exchange 99

Foreign Exchange Treasury Currencies Banking 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. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain.

Foreign Exchange 76

Foreign Exchange Currencies Banking Treasury 76

PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. The expansion into Canada comes a little less than a year since moneycorp acquired Rochford Group , an Australian treasury advisory company, which, in addition to offices Down Under, also had an office in Hong Kong as well.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. 8) that three unnamed sources revealed Citi is advising on the process as GPS, which provides foreign exchange services to mitigate FX risk for corporate clients, seeks a buyer.

Foreign Exchange 43

Foreign Exchange Marketing Sales Cash Management 43

PYMNTS

OCTOBER 23, 2018

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion.

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

CS Lucas

APRIL 28, 2023

Information sent from CS Lucas Accounting Journal CS Lucas sends accounting journals to the general ledger of the account system, which are derived from various treasury and banking transactions maintained in the system, such as money market, term loan, foreign exchange, non-deliverables, investments in bonds and equity, calls and sweep. These (..)

Accounting 52

Accounting Accounts Payable General Ledger Foreign Exchange 52

PYMNTS

JANUARY 21, 2020

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan.

Foreign Exchange 100

Foreign Exchange Accounting Investments Marketing 100

PYMNTS

JUNE 11, 2020

The program was developed to offer a solution to the lack of transparency and often complicated procedures in the cross-border payments field, the release says, using foreign exchange rates and easy visibility on fees.

B2B 99

B2B Foreign Exchange Currencies Accounting 99

CFO News Room

NOVEMBER 1, 2022

Stryker – The medical technology company dropped 4% after cutting its outlook due to inflation and foreign exchange pressures. SoFi also issued upbeat guidance and said added about 424,000 members during the quarter. Eli Lilly – The drug manufacturer dropped 4.8% Hologic – The medical equipment maker popped 8.6%

Foreign Exchange 130

Foreign Exchange Forecasting Profit and Loss Budgeting 130