PYMNTS

OCTOBER 23, 2018

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

PYMNTS

NOVEMBER 3, 2020

“This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South-East Asia,” Statrys Founder and CEO Bertrand Theaud said in the announcement.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

FEBRUARY 4, 2020

Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. If you are a treasury bank, you have to operate in both of those spaces,” he explained. That’s B2B Connect.”. “If

Foreign Exchange 100

Foreign Exchange Treasury Currencies B2B 100

PYMNTS

NOVEMBER 12, 2020

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. ThinCats Links Up With Open Banking FinTech Salt Edge. business customers, the FIs revealed.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

PYMNTS

SEPTEMBER 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX). Cape Debuts 'Recession Fighting' Credit Card.

Foreign Exchange 89

Foreign Exchange Banking Nonprofit Valuation 89

PYMNTS

OCTOBER 6, 2020

Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. The new APIs help with foreign exchange (FX) settlement, obtaining check images and retrieving reports, according to a Tuesday (Oct. 6) announcement.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

Global Finance

OCTOBER 10, 2024

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced. Byadran Lkhagvasuren: The Mongolian economy grew by 5.6%

Restructuring 74

Restructuring Foreign Exchange Banking Transportation 74

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. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

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. The company normally focuses on providing international accounts to businesses underserved by banks.

Foreign Exchange 121

Foreign Exchange Currencies Accounting Investments 121

PYMNTS

JULY 9, 2019

This lack of insight into intercompany accounts can result in misstated financials, fraud and, overall, a lack of understanding into cash positions and allocations. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity. Open Banking Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

SEPTEMBER 18, 2020

In today’s top news in digital-first banking, ClearBank has begun offering multicurrency bank accounts through an application programming interface (API), and LoanDepot is considering going public. ClearBank Introduces Multicurrency Bank Accounts. Plus, EVO Payments Inc.

Accounting 57

Accounting Banking Foreign Exchange B2B 57

PYMNTS

JANUARY 18, 2021

There have also been shifts in how customers pay for goods and services, with s ocial distancing policies making contactless transactions essential and pushing consumers toward payment methods such as bank transfers and digital wallets. Such touchless payment options are being used alongside traditional ones like credit cards and checks.

Foreign Exchange 127

Foreign Exchange Treasury Risk Management Corporate Finance 127

PYMNTS

DECEMBER 9, 2020

The platform aims to help companies get into digital banking and access benefits like collateral-free financing and flexible business management, the release stated. Key features include the aforementioned fully digital business accounts, along with quick application processing, according to the release.

Foreign Exchange 64

Foreign Exchange Banking Finance Accounting 64

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

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

PYMNTS

SEPTEMBER 27, 2018

Alibaba Group announced Thursday (September 27) that it signed up with Banking Circle to use its infrastructure and global network for digital payments. We are delighted to partner with Banking Circle. Payments are simply payments,” said Anders la Cour, co-founder, and chief executive of Banking Circle, in the same press release.

Banking 73

Banking Foreign Exchange B2B Technology 73

Global Finance

JULY 26, 2024

Banking Circle is the winner of our award for Best Embedded Treasury Solution, providing the core financial infrastructure that allows businesses to build and offer embedded financial solutions. Embedded finance features include global payments, virtual accounts (VAs), and account management.

Cash Management 98

Cash Management Treasury Foreign Exchange Banking 98

PYMNTS

APRIL 7, 2020

Open banking efforts are live in countries ranging from the United Kingdom to Singapore. Financial institutions (FIs) following these initiatives make their application programming interfaces (APIs) publicly available, which third-party developers can use to create solutions that draw on banking data from consenting users.

eCommerce 63

eCommerce Banking Foreign Exchange B2B 63

PYMNTS

AUGUST 11, 2020

In a move that lets small businesses take card payments and monitor income, accounting platform Clear Books has integrated with Stripe. The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement.

Accounting 65

Accounting Foreign Exchange Invoicing Currencies 65

PYMNTS

MARCH 26, 2020

A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union. Western Union will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

Future CFO

APRIL 10, 2022

Digital money will be the future, said PwC recently when releasing its 2022 PwC Central Bank Digital Currency (CBDC) Global Index. It’s estimated that more than 80% of central banks are considering launching a central bank digital currency,” the company noted in a statement.

Foreign Exchange 98

Foreign Exchange Currencies Retail Banking 98

PYMNTS

DECEMBER 1, 2019

French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported on Friday (Nov. A Pixpay account can be opened by anyone 10 years old or above, and both parents and children can download the app together. Challenger banks are typically marketed to adults.

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

FEBRUARY 2, 2021

At a high level, the solutions can be harnessed to help consumers manage their finances in real time, quickening the time it takes for accounts to settle. Benefits accrue to banks, too. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates.

Forecasting 111

Forecasting Foreign Exchange Leverage Treasury 111

PYMNTS

SEPTEMBER 4, 2019

B2B Pay plans to roll out API-enabled banking services, the ability to create an unlimited number of International Bank Account Numbers (IBANs), credit card processing and solutions related to cryptocurrency. bank Barclays announced support for B2B Pay as part of its Tel Aviv Barclays Accelerator program. In 2016 U.K.

B2B 59

B2B Banking Foreign Exchange Pharmaceutical 59

PYMNTS

JULY 9, 2019

small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday (July 8).

Banking 57

Banking Foreign Exchange Accounting Technology 57

PYMNTS

MARCH 16, 2020

Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

CS Lucas

APRIL 28, 2023

This article will cover the information exchanged between CS Lucas and the accounting (Enterprise Resource Planning) system, as well as the methods employed to facilitate this exchange. CS Lucas provides users with the flexibility to choose from various accounting treatments, which are specified in the user guide [ [link] ].

Accounting 52

Accounting General Ledger Accounts Payable Foreign Exchange 52

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.”. dollars and Ukrainian hryvnias.

Foreign Exchange 84

Foreign Exchange Currencies Securities Numbers 84

PYMNTS

APRIL 5, 2016

Uphold isn’t a bank, and it’s aiming to disrupt the traditional financial services industry. Last week, Uphold announced a partnership with India’s IDFC Bank, a move that allows Uphold’s business and consumer customers to conduct cross-border transactions to and from the home of the world’s fastest-growing economy.

Banking 73

Banking Foreign Exchange Currencies Forecasting 73

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 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers. 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. .

Banking 60

Banking Foreign Exchange Invoicing Securities 60

PYMNTS

OCTOBER 16, 2020

Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets. Kicking Free Of Correspondent Banking.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. SMBs that nearly half (48 percent) said they don’t believe technology will impact their business.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Open banking and PSD2 initiatives in the U.K. Open banking and PSD2 initiatives in the U.K.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. While organizations now realizing that ignoring FX management is no longer an option, they continue to face unexpected challenges beyond the financial impact of bank fees and conversion rates.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

JULY 15, 2020

businesses has broadened growth opportunities and opened up new revenue streams, the banking and financial services space hasn’t quite caught up to the modern needs of U.S. An alternative to this payment strategy is to open up a bank account in each market in which a business operates. New Goals, Old Tech.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

PYMNTS

AUGUST 14, 2020

“There are many requirements that are initially overlooked, and that’s where treasury teams can play a very important role,” he said, highlighting processes like establishing new bank accounts, securing new card acquirer and payment service provider relationships, and managing foreign exchange exposure – all of which occur in the DTC migration.

eCommerce 118

eCommerce B2C Treasury B2B 118