Global Finance

SEPTEMBER 25, 2024

Susanne Prager, head of cash management at Raiffeisen Bank International (RBI), discusses the challenges affecting global banking services and the need for the latest tech tools to help companies succeed in CEE and around the world. Global Finance: What are the overall trends impacting international banking transactions?

Banking 98

Banking Cash Management Compliance Currencies 98

PYMNTS

NOVEMBER 11, 2020

Deutsche Bank has opened a new cash management business in Australia, which will add to its global portfolio, according to a press release. Deutsche Bank now operates a global network of cash management services in 35 locations with 14 in the Asia Pacific, the release stated.

Cash Management 61

Cash Management Banking Accounting Marketing 61

Nerd's Eye View

AUGUST 22, 2022

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Cash Management 93

Cash Management Technology Economics Accounting 93

Nerd's Eye View

AUGUST 22, 2022

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Cash Management 85

Cash Management Technology Economics Accounting 85

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

Strategic Treasurer

MARCH 20, 2023

Bank Fee Management Webinar Series: Bank Account Management and Structures May 16 and 17 Register Now Dates / Times Tuesday, May 16, 2023 11:00 AM – 11:30 AM EDT Wednesday, May 17, 2023 2:00 PM – 2:30 PM EDT Where This is an online event Speakers Jason Campbell, Strategic Treasurer Craig Jeffery, Strategic Treasurer Hosted By 0.6

Accounting 52

Accounting Banking Cash Management Risk Management 52

CFO Leadership

MARCH 31, 2022

The pandemic spurred many realizations, including this one: the enterprise cash management process is broken. Cash management is always important, but it’s certainly gotten a lot more attention in the past two years. As companies went into crisis mode, keeping a very close eye on cash became a top priority.

Cash Management 52

Cash Management Benchmarking Invoicing Leadership 52

PYMNTS

NOVEMBER 22, 2020

Raiffeisen , the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement says. Björn Hassing , CEO of CoCoNet, said the goal was to engender better ways for companies and banks to work together. “We

Cash Management 77

Cash Management B2B Invoicing Banking 77

PYMNTS

SEPTEMBER 13, 2017

There are several reasons for this, analysts say, but regardless, there is a clear need for tight cash management in the construction sector. “Construction accounting is a little more complex,” he recently told PYMNTS. “Because of that complexity, taxes are more complex – it’s a snowball effect.

Cash Management 51

Cash Management Accounting Construction B2B 51

Simply Treasury

AUGUST 3, 2022

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. A “Bank Single Gateway” is no longer a "plus", but a "must" that every fund servicer or fund should have.

Banking 147

Banking Reconciliations Treasury Securities 147

PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

NOVEMBER 12, 2020

Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cash management offering into Australia. Deutsche Bank Debuts Cash Management In Australia. Newegg Chooses Behalf For Flexible Business Financing. 11) press release.

Cash Management 67

Cash Management B2B Auditing Finance 67

PYMNTS

JUNE 11, 2020

Whether it’s the result of necessity in a remote working environment or of a slowdown in business that frees up time to focus on the transformation, organizations are quickly flocking to their banks and FinTech partners to finally do away with paper in the back office. Noticeable Change. Interconnected Finances.

Cash Management 60

Cash Management Invoicing Accounts Payable B2B 60

PYMNTS

DECEMBER 12, 2019

Online brokerage startup Robinhood has introduced a cash management service that will give customers 1.8 This new service follows last year’s unsuccessful launch of a checking and savings account product, which was not well received. Last year’s checking and savings product did not have a bank partnership. .

Accounting 54

Accounting Banking Cash Management Startups 54

PYMNTS

JULY 9, 2019

HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8). The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management.

Accounting 54

Accounting Banking Cash Management Treasury 54

PYMNTS

OCTOBER 3, 2019

FinTech startup Brex is launching a business cash management account to replace traditional business bank accounts, the company said in a press release on Wednesday (Oct. The Brex Cash account will work with the Brex Card on one network and offers users a return of 1.6

Accounting 57

Accounting Banking Valuation Cash Management 57

Future CFO

SEPTEMBER 10, 2024

Instant payments are expected to account for 22% of all non-cash transaction volumes by 2028 globally, according to the Capgemini Research Institute’s World Payments Report 2025. The continued surge in non-cash transactions is a watershed moment for banks and payment service providers.

Accounting 52

Accounting Forecasting Banking Finance 52

PYMNTS

SEPTEMBER 24, 2020

BNY Mellon unveiled a collaboration to assist customers with supervising and investing funds by letting them access GTreasury ’s payment and cash management functions, according to a Thursday (Sept. 24) announcement. The GTreasury ecosystem is purpose-built to seamlessly connect into investment portals like LiquidityDirect.".

Cash Management 40

Cash Management B2B Treasury Investments 40

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

NOVEMBER 27, 2020

It's been more than a decade since the boom of neo and challenger banks stepping into the market to fill the biggest service gaps left by FI giants. Today, the challenger banking arena is evolving, according to Samir El-Sabini , co-founder and CEO of Juni. The eCommerce Banking Challenge. The Rise Of Industry-Targeting Banks.

eCommerce 118

eCommerce Banking Cash Management Advertising 118

PYMNTS

APRIL 11, 2019

Financial management platform Sage Intacct is integrating data from cash management tool Trovata.io to provide real-time visibility into cash positions for corporate users. Joint customers will be able to generate reports and enhance cash management process automation using Trovata.io

Cash Management 43

Cash Management Cash Flow Forecasting Accounts Payable Forecasting 43

PYMNTS

MARCH 16, 2016

In a first for the Bank of China, the financial institution has linked up with its first foreign bank for interbank cash management of a corporate client. Reports on Tuesday (March 15) said Germany’s Deutsche Bank is collaborating with Bank of China, and the result of that partnership has gone live.

Cash Management 40

Cash Management Banking Treasury Corporate Finance 40

PYMNTS

OCTOBER 10, 2016

Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spend management platform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa. Less common, however, is an SME financing solution that integrates into a commercial card offering.

Cash Management 76

Cash Management SAP Finance Invoicing 76

PYMNTS

FEBRUARY 22, 2017

Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. The banking sector is moving away from offering a simple, straightforward view via statements and transaction data, Cashfac noted.

Accounting 54

Accounting Banking Cash Management Compliance 54

PYMNTS

APRIL 8, 2019

This week’s B2B Data Digest dives into the insights from new reports released by Capital One , Xero , Swift Prepaid Solutions and others, which draw similar conclusions about small business financial management. The firm polled 2,000 executives at U.K.

Cash Management 51

Cash Management Prioritization Finance B2B 51

Global Finance

JUNE 6, 2024

Its new generative AI tool analyzes and summarizes the minutes and announcements from the Monetary Policy Committee of Brazil’s central bank and the Federal Open Market Committee of the US Federal Reserve. Bradesco’s resource managers are the tool’s main users. Its use could lead to revenue gains of as high as 4.2

Construction 109

Construction Compliance Cash Management Treasury 109

PYMNTS

JULY 25, 2018

Oracle Financial Services recently announced the launch of a platform designed for corporate banking customers that are in need of consolidated, streamlined views of their global banking operations. The company announced Tuesday (July 24) that its Oracle Banking Virtual Account Management solution is now available to corporate banks.

Accounting 40

Accounting Banking Cash Management Currencies 40

PYMNTS

DECEMBER 13, 2017

Santander Bank is rolling out a new solution for its corporate clients. and will provide cash management services for such corporate customers. The portal provides access to various desktop tools and offers a 24/7 communication channel with the bank. The financial institution (FI) announced Tuesday (Dec.

Cash Management 42

Cash Management Treasury Corporate Finance Communication 42

PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. Embedding banking into ERP systems has been a hot topic as of late — although the buzz surrounding it has been years in the making. Many-To-Many Markets .

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

PYMNTS

OCTOBER 29, 2020

Radius Bank has advanced in its relationship with application programming interface (API) firm Treasury Prime with the rollout of its Commercial API Banking Platform and sandbox testing technology, according to a Thursday (Oct. They harness APIs for payments and cash management in lieu of signing into a different bank-powered system.

Banking 72

Banking B2B Treasury Cash Management 72

PYMNTS

OCTOBER 27, 2016

. “However, as the large majority of SMEs still finance themselves with cash flow from operations, there is a significant opportunity for businesses to optimize working capital through better relationships with customers and better use of accounts receivables.” ” Indeed, 76 percent of SMEs in the U.S.

Cash Management 75

Cash Management B2B Finance Economics 75

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. One such solution was released by ScaleFactor , a provider of business accounting services. Every dollar matters for a small to medium-sized business (SMB).

Nonprofit 56

Nonprofit Accounting Banking Cash Management 56

CFO Simplified

OCTOBER 10, 2023

And certainly, the banking environment has changed dramatically. Cash moves nearly instantaneously from one account to another. The personal banker at large banks is a figment of our imagination, and community banks have picked up the mantle of personalized service. Changing banks is a real pain.

Banking 52

Banking Cash Flow Forecasting Forecasting Treasury 52

Bramasol

MAY 9, 2022

As more companies and industries adopt subscription-based business models in the Digital Solutions Economy (DSE), they face new challenges in managing cash, cash flow and banking. And, as the volume and velocity of transactions increases exponentially, your cash application and cash management solutions must keep up.

SAP 81

SAP Cash Management Banking Treasury 81

PYMNTS

FEBRUARY 1, 2021

It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. And as Rita Camporeale , Head of Payments Systems at the Italian Banking Association ( ABI ), told PYMNTS’ Karen Webster, the pandemic has accelerated the embrace of instant payments that flow directly between banks.

Banking 100

Banking Cash Management Accounting Leverage 100

PYMNTS

APRIL 23, 2020

Unfortunately, independent contractors have also frequently been left out of the picture for traditional banks and even newer FinTechs despite the recent influx of small business cloud accounting apps and other B2B FinTech platforms. Accounts payable is the money you owe your suppliers. Open Banking’s Impact.

Accounting 56

Accounting Accounts Payable Invoicing Cash Management 56