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 five companies — Forex Club, Alpari Forex, Trust Forex, InstaForex and TeleTrade — will see their licenses expire on Jan.

Foreign Exchange 87

Foreign Exchange Banking Compliance Securities 87

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”.

Foreign Exchange 84

Foreign Exchange Currencies Securities Numbers 84

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. The tool is aimed at improving speed, security, transparency and compliance. . 10) press release. Customers can make payments via Bank of America’s SWIFT gpi solution.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

AUGUST 6, 2020

Digital payments solution provider Payrailz has secured a reseller agreement with digital banking company Tyfone. 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.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

PYMNTS

APRIL 9, 2020

Travelex, the foreign exchange company that was crippled by hackers on New Year’s Eve, reportedly paid a $2.3 A Travelex spokesman told the WSJ that the firm got advice from security experts on how to proceed, and have kept its investors and regulators up to date on the recovery.

Foreign Exchange 111

Foreign Exchange Securities Numbers Sales 111

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

AUGUST 16, 2018

“We’ve seen several successful xRapid pilots already and, as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”.

Foreign Exchange 40

Foreign Exchange Securities Currencies Accounting 40

PYMNTS

JUNE 16, 2020

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes.

Sales 52

Sales Foreign Exchange Banking Restructuring 52

PYMNTS

NOVEMBER 3, 2020

The latest developments have to first be disclosed to investors, the exchange said. 2) to answer questions behind closed doors. Also summoned were Ant Group Chairman Eric Jing and Chief Executive Simon Hu.

Foreign Exchange 67

Foreign Exchange Valuation Banking Securities 67

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. The country’s parliament reportedly put forward a proposal to have digital currency as a part of foreign currency and “currency smuggling” rules already in place.

Foreign Exchange 59

Foreign Exchange Currencies Securities Numbers 59

PYMNTS

JANUARY 13, 2020

Foreign exchange company Travelex is back online with some of its electronic services after its system was brought down by hackers nearly two weeks ago, Reuters reported on Monday (Jan. Travelex’s network of branches continues to provide foreign exchange services manually.”.

Foreign Exchange 52

Foreign Exchange Communication Currencies Securities 52

PYMNTS

DECEMBER 4, 2020

That’s why we introduced a new, secure way to accept payments through websites, and we have enabled customers without an online presence to get paid fast through secure payment links,” said Revolut CEO and Founder Nik Storonsky. “Companies across Europe know that it’s now essential to their success to be able to do business online.

Foreign Exchange 73

Foreign Exchange Currencies Banking Economics 73

PYMNTS

DECEMBER 29, 2020

The previous day, PBOC met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors. The regulators also criticized the company for how it treated its rivals and its customers.

Foreign Exchange 65

Foreign Exchange Valuation Leverage Banking 65

PYMNTS

NOVEMBER 3, 2020

But the suspension of the IPO came just a day after Ma met with regulatory officials, including the People’s Bank of China (PBOC), Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange.

Foreign Exchange 64

Foreign Exchange Planning Banking Securities 64

PYMNTS

JUNE 26, 2020

B2B payments hub Qolo has introduced a new all-in-one payment solution, aiming to address issues with speed, security and costs for B2B payments, a press release says. According to the company, this is accomplished through a rules-based structure that looks at advanced card processing and cross border and foreign exchange capabilities.

B2B 60

B2B Foreign Exchange Economics Securities 60

PYMNTS

DECEMBER 2, 2020

The Shanghai Stock Exchange delayed Ant Group’s attempt at a record record-setting IPO after controlling shareholder Jack Ma’s clash with Chinese regulators. The IPO suspension reportedly came from the top down, potentially meaning that orders came from Chinese President Xi Jinping himself.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

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

OCTOBER 10, 2019

Some of the account benefits include limitless spending, zero foreign exchange or transaction fees, with additional benefits through Mastercard World Elite such as a dedicated concierge service and other travel benefits. We are delighted to enhance our Raris account offering with The Royal Mint’s first precious metal payment card.

Foreign Exchange 72

Foreign Exchange Manufacturing Leverage Securities 72

PYMNTS

NOVEMBER 13, 2020

The company secured the funding from an unnamed angel investor, reports said. Statrys offers banking and foreign exchange payments solutions for SMBs and startups that operate across borders, connecting them with solutions like payment cards and cross-border payment capabilities.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. The new card gives Airwallex customers the ability to pay suppliers in seconds while saving businesses time and money.

B2B 71

B2B Foreign Exchange Currencies Valuation 71

PYMNTS

MAY 1, 2020

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 Finablr has uncovered around $1 billion in debt hidden from its board, in the latest news in the scandal that has pushed sister company NMC Health into administration.

Foreign Exchange 61

Foreign Exchange Restructuring Valuation Numbers 61

PYMNTS

JUNE 4, 2019

In a press release, the two companies said the agreement meshes with Visa’s stated goal to make secure digital payments possible at home and when people are traveling.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

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

JANUARY 8, 2020

Travelex , a foreign exchange and payments company, was thrown into chaos around New Year’s after a ransomware attack locked up its systems, forcing employees to use pen and paper to take care of thousands of customers, according to a report by Reuters. The attack caused a complete blackout in the company’s online exchange services.

Foreign Exchange 52

Foreign Exchange Securities 52

PYMNTS

JANUARY 31, 2018

The announcement follows increased regulatory action — customs officers in South Korea announced on the same day that they had uncovered around $600 million in illegal cryptocurrency foreign exchange trading. Illegal foreign currency trading of 472.3 Illegal foreign currency trading of 472.3

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

OCTOBER 28, 2019

API integration offers a way to streamline payments processing while providing access to transparent foreign exchange rates and associated fees. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).

Foreign Exchange 51

Foreign Exchange B2C Currencies B2B 51

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. Meanwhile, other partnerships between banks and FinTechs embrace data sharing to target friction for joint small business customers.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

SEPTEMBER 15, 2020

Additionally, SBM customers can get preferential personal banking services, such as better rates on savings accounts with monthly interest payouts and competitive foreign exchange rates, the bank said. . “We

Banking 60

Banking Foreign Exchange Invoicing Securities 60

Future CFO

DECEMBER 3, 2020

Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency, security and full regulatory compliance, SWIFT said. The post SWIFT activates instant 24/7 cross-border payments appeared first on FutureCFO.

Foreign Exchange 40

Foreign Exchange Compliance Securities Banking 40

PYMNTS

JANUARY 9, 2020

Travelex’s network of branches continue to provide foreign exchange services manually.”. The National Cyber Security Centre said it was providing technical support. “We have now contained the virus and are working to restore our systems and resume normal operations as quickly as possible,” the company said in a statement.

Currencies 52

Currencies Foreign Exchange Banking Securities 52

PYMNTS

APRIL 10, 2020

For Emirates NBD, a $400 million DX journey that began nearly four years ago has resulted in more than 100 initiatives based on optimizing its operational models, internal architecture, cloud usage and security. Modernizing Corporate Payments. Preparing For The Future.

Technology 144

Technology Banking Foreign Exchange Currencies 144

PYMNTS

MARCH 17, 2020

This is where open source technology has typically come to the rescue, in particular containerization and container orchestration technology based on the Kubernetes ecosystem, which allows FSI players to secure, manage and scale horizontally their payment processing functions across different computing environments. 1: Security.

Foreign Exchange 91

Foreign Exchange Compliance Securities Startups 91

PYMNTS

JULY 17, 2018

The token allows folks to do payments [and] foreign exchange between companies in a very seamless and frictionless and more secure way,” Stronghold Founder and Chief Executive Tammy Camp added. “It It enables people to be able to trade that token with other assets and other tokens as well.” ”

Foreign Exchange 73

Foreign Exchange Currencies Securities Retail 73

CFO News Room

FEBRUARY 2, 2022

The securities/ financial instruments discussed in this material may not be appropriate for all investors. This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security/financial instrument, or to participate in any trading strategy.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

SEPTEMBER 24, 2019

Using a cloud-based solution will boost transaction speed, consistency and security. From a treasury perspective, the deployment of SWIFT messaging solutions in the cloud enables faster, more efficient and secure payment operations for all concerned,” said Microsoft Corporate VP and treasurer George Zinn.

Foreign Exchange 47

Foreign Exchange Treasury Leverage Securities 47

PYMNTS

SEPTEMBER 4, 2019

Ambikar launched the company after witnessing the challenges that companies in India’s pharmaceutical industry faced to export across borders without losing money to foreign exchange rates and other cross-border transaction fees. The company was among 40 FinTechs accepted into the Accelerator.

B2B 59

B2B Banking Foreign Exchange Pharmaceutical 59

PYMNTS

MARCH 19, 2019

InstaReM isn’t the only payment company that is using xRapid to send payments around the world quickly and securely. In August Ripple announced it had brought on Bitrex to act as the preferred digital asset exchange for its transactions that move through U.S.

Foreign Exchange 64

Foreign Exchange Startups Currencies Investments 64