PYMNTS

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit.

Banking 66

Banking Planning Foreign Exchange Finance 66

Simply Treasury

JUNE 3, 2021

Thus, when circumstances required it, companies had to shift the timing of transactions initially planned for a specific date. Many companies hedge on a budgetary basis and qualify hedges of future cash flows by applying the so-called "cash-flow hedge" method under IFRS 9 (ex-IAS 39).

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

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

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. Morgan Chase has announced plans to adopt technology offered by Marqeta to implement virtual commercial card offerings for its corporate customers.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

CFO Share

JANUARY 26, 2024

Foreign exchange rate, while important to an international business, is outside its control and largely unactionable. Here’s a 6 step process for how to select KPIs suitable for your small business: Create a Comprehensive Business Plan. Business planning is an entire process itself, but is a prerequisite to establishing KPIs.

Foreign Exchange 52

Foreign Exchange Concentration Benchmarking Prioritization 52

PYMNTS

MARCH 26, 2020

The company plans to launch the service to more countries in the near future. Western Union will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program. Some Western Union Agent locations are closed due to the coronavirus pandemic.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

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.

Concentration 90

Concentration Foreign Exchange Banking Valuation 90

PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. The company posted a total loss of $139.6 million (£106.5

Profit and Loss 95

Profit and Loss Foreign Exchange Startups Banking 95

CFO News Room

NOVEMBER 2, 2022

Rogers — The engineering materials maker saw shares tumble 43% after a planned $5.2 The company said it was hurt by higher costs, Chinese Covid lockdowns and fluctuating foreign exchange. billion sale of the company to DuPont De Nemours was terminated, as the companies were unable to obtain clearance from regulators.

Foreign Exchange 130

Foreign Exchange Transportation Entertainment Advertising 130

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S. and abroad.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

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

SEPTEMBER 1, 2020

The Bermuda government is working on a plan to roll out a digital stimulus token to help residents and vendors, The Royal Gazette reported. Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

PYMNTS

NOVEMBER 2, 2016

.” SBI Ripple Asia said in the report the banking consortium will look at both technical and operational activities required in domestic and foreign exchange services “to utilize blockchain and other new technologies, consolidate domestic and foreign exchange services and build 24-hour and real-time remittance infrastructure.”

Foreign Exchange 77

Foreign Exchange Banking Currencies Technology 77

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. However, focus will quickly switch to the next steps — namely, cabinet appointments and the Brexit plan.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. Necessary Planning. What all of these challenges mean is that even when an organization decides to implement a foreign exchange management strategy, unexpected problems can still arise.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

NOVEMBER 3, 2020

The IPO attracted $3 trillion in bids and was going to be considered the biggest in history, planned to be listed both on the Shanghai and Hong Kong exchanges. The IPO was held up on Tuesday by the Shanghai Stock Exchange, which made the decision because of the aforementioned meeting with regulators. 5) as originally planned.

Foreign Exchange 64

Foreign Exchange Planning Banking Securities 64

PYMNTS

NOVEMBER 3, 2020

5) as originally planned, according to a statement from the exchange, per the WSJ. The latest developments have to first be disclosed to investors, the exchange said. That meeting now disqualifies Ant from listing on Thursday (Nov. 2) to answer questions behind closed doors.

Foreign Exchange 67

Foreign Exchange Valuation Banking Securities 67

PYMNTS

DECEMBER 2, 2020

A Paytm spokesman told Reuters that “there has been no discussion with any of our major shareholders ever, nor any plans, about selling their stake.”. The possible Paytm divestment is just the latest setback for Ant Group, which recently saw the abrupt cancellation of its planned initial public offering of stock.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

PYMNTS

JANUARY 18, 2021

If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange. Reuters added that the company declined to comment on its plans. The pricing, size and timing of the deal have yet to be determined.

Foreign Exchange 79

Foreign Exchange Banking Retail Numbers 79

PYMNTS

AUGUST 6, 2018

With the tie-up, the football club and MoPlay plans to create co-branded activations as well as exclusive collaborative content for fans. “We In other news, Iran is easing foreign exchange rules that were meant to be in response to U.S. sanctions, Financial Times reported. On Sunday (Aug. dollars, in addition to gold. “We

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Tribe Payments Plans Open Banking Module. TransferWise Integrates With Mambu.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

JANUARY 20, 2021

With this partnership we can deliver significant savings via highly competitive foreign exchange rates and ease the burden of processing transactions on finance teams,” Clune said in the announcement. TransferMate lets businesses exchange international payments quicker and simpler than in the past.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

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. The country’s finance minister Berat Albayrak is expected to offer a medium-term economic plan this week, reported CNBC.

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

PYMNTS

MAY 5, 2020

London-based FinTech Revolut is planning to tap the $500 million it got from investors to acquire competing technology firms suffering from the impact of the global coronavirus pandemic. Founded in 2015, Revolut began with a prepaid debit card that enables people to sidestep foreign exchange fees while traveling abroad.

Foreign Exchange 70

Foreign Exchange Startups Valuation Banking 70

PYMNTS

DECEMBER 4, 2020

Revolut Business customers using paid plans will receive monthly allowances for free U.K. Funds can be kept in the original currency or converted at the interbank rate to help save on foreign exchange costs, the company said. The product will feature a 1.3 percent fee for U.K. and EEA consumer cards and a 2.8

Foreign Exchange 73

Foreign Exchange Currencies Banking Economics 73

PYMNTS

JANUARY 8, 2018

Half of SMBs said they plan to increase investment in marketing, and 39 percent said they are gearing up to release new products or services this year. A third said they plan to expand into new markets. One in seven entrepreneurs plan to shrink or close their businesses in the coming quarter , according to the U.K.’s

Foreign Exchange 51

Foreign Exchange Invoicing Currencies Construction 51

PYMNTS

JANUARY 19, 2021

Britain’s government is planning to shore up the Prompt Payment Code to make it so that 95 percent of invoices for SMBs need to be paid within 30 days. If the firm decides to go ahead, the public offering could be the biggest market debut ever made by a Southeast Asian firm on a foreign exchange.

Foreign Exchange 53

Foreign Exchange Currencies Invoicing Planning 53

PYMNTS

SEPTEMBER 18, 2020

Clients will have the capability to “seamlessly” move money, and foreign exchange rates will be based on interbank pricing. LoanDepot is considering going public five years after scuttling plans to do so. The financial institution will let users access more than 30 multicurrency accounts starting in Q4 2020.

Accounting 57

Accounting Foreign Exchange Banking B2B 57

PYMNTS

SEPTEMBER 4, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. In its efforts to expand, B2B Pay plans to raise about $411,000, which would go toward implementation of its core banking system and finance its pursuit of licenses.

B2B 59

B2B Banking Foreign Exchange Pharmaceutical 59

PYMNTS

APRIL 7, 2020

Deutsche Bank recently released an API that Sri Lankan businesses can use to connect their eCommerce direct sales platforms with the bank’s foreign exchange (FX) offering. Buyers with limited finances can then quickly get payment plans to afford larger purchases. How APIs Are Helping FIs Power Clients’ eCommerce Journeys.

eCommerce 63

eCommerce Banking Foreign Exchange B2B 63

PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. Illegal foreign currency trading of 472.3 Illegal foreign currency trading of 472.3

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

DECEMBER 1, 2019

Foreign currency transactions cost 2 percent in foreign exchange. Pixpay plans to tackle the European market as early as 2021 and target two million customers within five years, according to DutchyCorp Tech News. Pixpay costs €2.99 per month per card; payments and ATM withdrawals in the Eurozone are free.

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

AUGUST 27, 2019

The APIs for Treasury Services connect the bank’s more than 55 corporate clients and their treasurers to integrate a range of Citi’s financial services directly into their treasury and enterprise resource planning platforms.

Treasury 63

Treasury Foreign Exchange Banking Numbers 63

PYMNTS

MARCH 19, 2019

Proceeds from the funding round are slated for expansion into Latin America, where the firm plans to open an office. The report noted the company is also nearing the launch of a prepaid debit card that it plans to issue to consumers in 25 countries. The funds will also go to expand in Asia by going after Japan and Indonesia.

Foreign Exchange 64

Foreign Exchange Startups Currencies Investments 64

PYMNTS

JULY 30, 2019

The financial services space recognizes the need for innovation , where some 68 percent of banks of all sizes plan to make innovation a priority in the years ahead.

Banking 69

Banking Foreign Exchange eCommerce Marketing 69

PYMNTS

SEPTEMBER 27, 2018

The sources said a deal could give Western Union a $500 million boost, and that the institution plans to start discussing a sale with potential buyers in a few weeks. They noted, however, that Western Union has not definitively decided to sell its business payments unit and that its plans remain confidential.

Sales 79

Sales B2B Foreign Exchange Valuation 79

PYMNTS

FEBRUARY 2, 2021

For chief financial officers (CFOs) and treasurers tasked with corporate management, Visa is aiming AI toward forecasting and planning. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates. Smarter STIP — Working Throughout The Outages.

Forecasting 111

Forecasting Foreign Exchange Leverage Treasury 111