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

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

MARCH 6, 2017

China’s Forex regulator wants the nation to open up its domestic market, reports said Friday (Mar. An article in a publication owned by the regulator called for a more open, competitive domestic foreign exchange (FX) market that enables a flexible FX rate mechanism to mitigate against cross-border capital fluctuation, according to reports.

Foreign Exchange 40

Foreign Exchange Marketing Compliance Currencies 40

CFO News

JUNE 11, 2023

While the RBI has preferred Variable Rate Reverse Repo (VRRR) auctions to mop up excess liquidity, its toolkit includes options such as sales of government bonds, an increase in the Cash Reserve Ratio (CRR), the use of the Market Stabilisation Scheme (MSS) and foreign exchange swaps.

Foreign Exchange 52

Foreign Exchange Sales Marketing 52

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

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

PYMNTS

JUNE 13, 2019

Remittence technology firm WorldRemit is stepping into the cross-border B2B money transfer market with the launch of WorldRemit For Business, reports in Africa News said Wednesday (June 12). now the company’s second-largest market. “In Last year the company became the first U.K. states, with the U.S.

B2B 49

B2B Marketing Foreign Exchange Investments 49

PYMNTS

NOVEMBER 5, 2018

TreasuryXpress has announced a partnership with Hedgebook , a global provider of Cloud financial risk and derivative management software, to enable underserved mid-market treasury organizations with complex cash and risk management requirements.

Marketing 51

Marketing Treasury Foreign Exchange Risk Management 51

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

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 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. “In or in other countries.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

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

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

JANUARY 9, 2018

UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China. Yiwu Market is the largest commodities wholesale market in the world. Yiwu Market is the largest commodities wholesale market in the world.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

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 Auditing Startups 53

PYMNTS

FEBRUARY 27, 2019

HSBC is looking toward the alternative finance sector to strengthen its position in the middle market, the financial institution said. Through the link-up, middle-market firms that use NepFin to access financing will be able to connect to HSBC commercial banking services. Announced Tuesday (Feb. 26), HSBC U.S. employing 20.7

Marketing 43

Marketing Foreign Exchange Leverage Banking 43

Future CFO

DECEMBER 7, 2022

In China, a weaker renminbi will add to companies' existing refinancing challenges of very restricted funding access in the offshore market, in particular property companies at the lower end of the rating scale, the firm said. But risks remain for some, according to the credit rating agency.

Foreign Exchange 52

Foreign Exchange Currencies Manufacturing Leverage 52

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

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. ” Launched in 2009, Lulu Money has five million users processing 1.1 million transactions annually.

Foreign Exchange 100

Foreign Exchange Investments Accounting Marketing 100

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

AUGUST 15, 2018

Ripple is eyeing the Chinese market, aiming to use blockchain technology to quicken cross-border payments. According to a report in CNBC , citing Jeremy Light, vice president of European Union (EU) strategic accounts at Ripple, the China market is a target for the company.

Marketing 40

Marketing Foreign Exchange Banking Accounting 40

CFO News Room

NOVEMBER 2, 2022

The company said it was hurt by higher costs, Chinese Covid lockdowns and fluctuating foreign exchange. CEO Bob Biesterfeld said in a release that fears of “slowing freight demand and price declines in the freight forwarding and surface transportation markets” played out in the third quarter.

Foreign Exchange 130

Foreign Exchange Transportation Entertainment Advertising 130

PYMNTS

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. The world is flattening for businesses of all sizes that now find it easier than ever to expand across borders.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

JANUARY 12, 2017

banks — and large banks everywhere — are losing market share in their corporate clients’ FX needs, new data revealed. companies, the volume of foreign exchange services business conducted with U.K. While Barclays, HSBC and Lloyds remain on top in terms of corporate FX services market share, all three lost market share in 2016.

Foreign Exchange 40

Foreign Exchange Marketing Banking Numbers 40

PYMNTS

SEPTEMBER 23, 2020

The debit card doesn’t have foreign exchange fees or monthly charges, while it has a flat ATM fee of 2 euros ($2.34) globally. The PayPal Business Debit Mastercard is most typically used for buying retail products for supplies as well as inventory in addition to online marketing services in Germany and the U.K. In the U.S.,

Foreign Exchange 145

Foreign Exchange Economics Retail Accounting 145

PYMNTS

AUGUST 6, 2020

The companies recently announced that Airwallex will wield Deutsche Bank’s foreign exchange (FX) services and integrate them via API into its own offering. Tyfone Connects FIs To Payrailz. Digital payments solution provider Payrailz has secured a reseller agreement with digital banking company Tyfone.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

PYMNTS

NOVEMBER 16, 2020

The global trading markets are in flux, and it's not only the COVID-19 crisis influencing international supply chains. Ongoing trade wars and rising costs of doing business in certain markets have manufacturers and other businesses adjusting where they operate and with whom. A Shifting Market. Currency Conversion Headache.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

DECEMBER 1, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Cobase Head of Financial Markets and Risk Solutions Joost Kevelam said the companies' aim "is to make multi banking simple.". "By

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

PYMNTS

MAY 29, 2018

Citing comments that Stephen Bird, chief of Citigroup’s global consumer bank, made at an investor conference, Reuters reported that the company plans to market the digital bank to credit card customers, including holders of its Double Cash card and the credit cards it issues for American Airlines, Costco and Home Depot. percent stake.

Marketing 43

Marketing Banking Foreign Exchange Construction 43

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 Budgeting Profit and Loss Pharmaceutical 130

Future CFO

DECEMBER 12, 2019

The Hong Kong Monetary Authority said on Thursday that foreign exchange and money markets continue to operate smoothly and that the exchange rate remains stable. The jump might be the result of the year-end regulatory checks on banks that typically sees higher demand for cash, which tighten liquidity.

Foreign Exchange 52

Foreign Exchange Currencies Banking Marketing 52

PYMNTS

DECEMBER 28, 2018

The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. The move will give major local banks control of the market. 27, and must stop all operations and return funds to their customers by that time.

Foreign Exchange 87

Foreign Exchange Banking Compliance Securities 87

PYMNTS

DECEMBER 27, 2020

The Chinese central bank's statement came after it had met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors, presented as a Q&A with PBOC vice governor Pan Gongsheng. There weren't many more specifics than that.

Concentration 90

Concentration Foreign Exchange Banking Valuation 90

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

MARCH 9, 2018

Foreign exchange solutions company OANDA is enhancing its application programming interface (API) that opens up its foreign exchange (FX) technology to third-party apps. The company announced news on Thursday (March 8) that its Exchange Rates API has been updated to include real-time FX rates.

Foreign Exchange 70

Foreign Exchange Currencies Treasury Technology 70

PYMNTS

DECEMBER 10, 2020

The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement. 10) press release. Customers can make payments via Bank of America’s SWIFT gpi solution.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

Future CFO

SEPTEMBER 11, 2023

Reserve dynamics may have a greater impact for frontier market sovereigns, especially where reserve coverage ratios are low and external liquidity positions fragile. “In

Foreign Exchange 52

Foreign Exchange Currencies Finance Investments 52