PYMNTS

JUNE 17, 2019

In what could be one of the first investments by a crypto-based firm in a major U.S. has arranged to invest up to $50 million in MoneyGram International Inc. MoneyGram has tapped into foreign exchange markets for settlements in the past. firm that is publicly traded, Ripple Inc.

Investments 84

Investments Foreign Exchange Planning Currencies 84

CFO News

SEPTEMBER 28, 2023

India's foreign exchange reserves increased by $24.4 billion, and net foreign direct investment decreased to $5.1 India's current account deficit (CAD) widened to $9.2 billion in Q1FY24, equivalent to 1.1% of GDP on a sequential basis. Yet it narrowed on a YoY basis, compared to $17.9 billion in Q1FY23.

Foreign Exchange 52

Foreign Exchange Accounting Investments 52

CFO News

NOVEMBER 21, 2023

The Enforcement Directorate (ED) on Tuesday issued showcause notices to troubled edtech startup Byju’s and its founder and group CEO Byju Raveendran over alleged violation of the provisions of the Foreign Exchange Management Act (Fema) amounting to over Rs 9,362 crore.

Foreign Exchange 52

Foreign Exchange Startups Investments 52

PYMNTS

FEBRUARY 19, 2020

The largest bank in Japan, Mitsubishi UFJ Financial Group (MUFG), has invested over $700 million in Grab , a ride-hailing company in Southeast Asia that also provides food delivery and other services for its customers, according to a report by Bloomberg. The move will give MUFG access to the company’s millions of daily users.

Investments 61

Investments Profit and Loss Foreign Exchange Forecasting 61

PYMNTS

APRIL 16, 2019

investment bank further after years of concerns that the unit is too large and too unprofitable. investment bank should shrink. investment bank operations by quelling client concerns of counterparty risk at the unit. Deutsche has already taken measures to reduce the size of the investment bank.

Investments 49

Investments Banking Foreign Exchange Securities 49

PYMNTS

NOVEMBER 3, 2020

FLEETCOR is looking to invest $1 billion this year, despite an M&A slowdown in the payments sector due to the ongoing pandemic. He noted that Bill.com, which received an investment from FLEETCOR in April 2019, held a successful initial public offering (IPO) in December. People want to wait until the recovery happens.”.

Investments 56

Investments B2B Foreign Exchange Invoicing 56

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 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.

Risk Management 52

Risk Management Currencies Foreign Exchange Valuation 52

PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. The alliance intends to pilot development in the handling of money market funds to automate and simplify investment decisions.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

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. The FX program is a step into the corporate client market, and its investments in Sri Lanka mark an initiative for a more well-rounded set of digital solutions for clients in that region.

Foreign Exchange 60

Foreign Exchange Banking Currencies B2C 60

PYMNTS

JULY 16, 2018

Banco Santander , the Spanish bank, has created a digital investment unit that will be headed by John Whelan, who is currently in charge of the bank’s blockchain unit. Linares, Santander’s senior executive vice president and global head of corporate and investment banking.

Investments 41

Investments Foreign Exchange Banking Technology 41

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

DECEMBER 21, 2016

Axoni, the blockchain startup, is about to get a multimillion-dollar investment from some big heavy hitters on Wall Street. According to a report by Reuters , Goldman Sachs, JPMorgan and ICAP are among financial institutions that are gearing up to invest between $15 million and $20 million in Axoni.

Foreign Exchange 46

Foreign Exchange Investments Startups Currencies 46

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. In November , payments company Ripple invested $50 million in MoneyGram, acquiring almost 10 percent of MoneyGram’s common stock.

Foreign Exchange 100

Foreign Exchange Investments Accounting Marketing 100

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. Shell acquired a minority stake in the U.K.-based

Treasury 53

Treasury Foreign Exchange Auditing Startups 53

PYMNTS

SEPTEMBER 20, 2020

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says.

Foreign Exchange 121

Foreign Exchange Currencies Accounting Investments 121

PYMNTS

MARCH 9, 2017

Alphabet Inc’s venture department — formerly known as Google Ventures — has invested in Currencycloud. On Currencycloud’s current partner list are Klarna Inc, Standard Bank Group and foreign exchange company Travelex Ltd.

Investments 40

Investments Foreign Exchange Startups Banking 40

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions. “At

Foreign Exchange 52

Foreign Exchange Currencies B2B Invoicing 52

Future CFO

OCTOBER 30, 2023

Treasury activities, which cover money market operations, foreign exchange transactions, securities trading, and derivatives, generate a significant volume of data that are needed to be meticulously monitored and properly reported.

Treasury 52

Treasury Foreign Exchange Risk Management Compliance 52

PYMNTS

DECEMBER 1, 2016

Our investment has twin objectives: to enable PayCar to develop its commercial potential and to help us prepare for the digitization of bank checks.”. Our collaboration with PayCar is a perfect illustration of this. For some time now, BNP Paribas has been getting serious about its focus on technology.

Investments 43

Investments Foreign Exchange Cash Management Startups 43

Future CFO

SEPTEMBER 11, 2023

Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently.

Foreign Exchange 52

Foreign Exchange Currencies Finance Investments 52

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Entrée Capital and SBI Investment also participated, alongside other FinTech founders and angel investors. million in new funding for U.K.-based and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

MAY 1, 2020

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 And Shetty’s holding company BRS Ventures, which owns stake in Finablr and NMC, was in conversation with investment bank Houlihan Lokey on options that included debt restructuring.

Foreign Exchange 61

Foreign Exchange Restructuring Valuation Numbers 61

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.

Foreign Exchange 75

Foreign Exchange Data Analysis Startups Banking 75

Future CFO

SEPTEMBER 21, 2023

The economy and its financial system have remained resilient, underpinned by large fiscal and foreign exchange reserves as well as a strong and well capitalised banking system.” Economic development and outlook “Hong Kong’s economy is expected to rebound by 4.7% in 2023, before moderating to 3.3 Hong Kong’s economy contracted by 3.5%

Foreign Exchange 52

Foreign Exchange Economics Transportation Financial Systems 52

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

NOVEMBER 2, 2020

The PBOC, the China Banking and Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange said in a brief statement, per FT, that they had “conducted regulatory interviews with Ant Group’s actual controller Jack Ma, Chairman Eric Jing and Chief Executive Simon Hu.”.

Foreign Exchange 52

Foreign Exchange Investments eCommerce Banking 52

PYMNTS

JULY 24, 2019

s Conservative Party leadership contest is only the latest geopolitical event sparking concerns among analysts over foreign exchange (FX) markets — and corporates’ ability to react to those changes. We have been discussing with the central bank how to create a [FX] hedging instrument,” said Vietnam State Capital Investment Corp.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

CFO News Room

FEBRUARY 2, 2022

We specifically mentioned three cryptocurrencies in this article, but there are actually more than 10,000 coins in the crypto world, so it’s important to categorize the coins before making investment decisions. By knowing the top trends and investment opportunities, you can incorporate exposure to digital assets into your portfolio.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

DECEMBER 2, 2020

India has responded by tightening investment rules for Chinese companies wishing to participate in the Indian market, which Reuters reported many Chinese firms have become involved in to expand their revenues beyond just Chinese sources.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

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. According to a report in Reuters citing Turkey’s central bank, the rate is going to 2.5 percent for Turkish lira and 1.80

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

PYMNTS

OCTOBER 9, 2019

CLS Group, a financial institution providing foreign exchange settlement solutions, has acknowledged that blockchain is not necessarily critical to improving FX trading, despite having invested heavily in the technology. Reports in Coindesk on Tuesday (Oct.

Foreign Exchange 49

Foreign Exchange Currencies Technology Investments 49

PYMNTS

SEPTEMBER 18, 2020

She said that the “draft mode” of Stem’s platform allows for songs, as they are completed, to be uploaded into a dashboard that also delineates the collaborators and their splits (across currencies and international markets, too; Stem’s payments take into account foreign exchange or FX rates). That’s, of course, not the case today.

Foreign Exchange 125

Foreign Exchange Manufacturing Investments Accounting 125

PYMNTS

NOVEMBER 12, 2020

The bank will implement kACE Treasury's foreign exchange pricing and distribution capabilities through its own eCommerce platform, noting that the technology will integrate directly into mBank's existing treasury systems.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

PYMNTS

MARCH 19, 2019

The most recent round was led by Vertex Ventures’ global growth fund and Antinum Investment in South Korea. Financial institutions piloting xRapid saved 40 percent to 70 percent on average, compared to traditional foreign exchange brokers that facilitate cross-border payments, Ripple said in May.

Foreign Exchange 64

Foreign Exchange Startups Currencies Investments 64

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

FEBRUARY 14, 2019

Finablr, a payments and foreign exchange company in the United Arab Emirates (UAE), said it will launch an Initial Public Offering (IPO) next month, according to reports. Shetty said he would invest in India whenever he gets an opportunity to do so, especially in the sectors of agriculture, healthcare and education.

Foreign Exchange 51

Foreign Exchange Healthcare Education Budgeting 51