CFO Leadership

FEBRUARY 16, 2022

The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. More companies are venturing into foreign markets, buying and selling goods in places long considered out of reach for all but the largest multinationals. The Foreign Exchange Market.

Risk Management 52

Risk Management Currencies Foreign Exchange Valuation 52

Musings on Markets

SEPTEMBER 5, 2024

Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. This dance between companies and investors, playing out in expected and actual earnings, is a feature of every earnings season, especially so in the United States, and it has always fascinated me.

Marketing 118

Marketing Valuation Profit and Loss Forecasting 118

CFO Talks

NOVEMBER 20, 2024

The next logical step might be to take your company to international markets by listing on a foreign stock exchange. For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP).

IFRS 97

IFRS GAAP Currencies CFO 97

Musings on Markets

JULY 17, 2023

I am not a market prognosticator for a simple reason. I am just not good at it, and the first six months of 2023 illustrate why market timing is often the impossible dream, something that every investor aspires to be successful at, but very few succeed on a consistent basis.

Marketing 96

Marketing Treasury Currencies Valuation 96

PYMNTS

MAY 29, 2019

trading partners, only nine need further scrutiny because of their currency practices. Reuters reported that the account surplus threshold is now 2 percent of GDP, down from 3 percent. Reuters noted that report in October didn’t name China or any trading partner as a currency manipulator. trade deficit.

Currencies 75

Currencies Treasury Accounting Banking 75

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

Currencies 70

Currencies Banking Retail Securities 70

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Currencies 57

Currencies Banking Retail Accounting 57

PYMNTS

AUGUST 2, 2019

To let consumers spend the value of their digital currency, instant crypto loan company Nexo is rolling out a cryptocurrency credit card that is Mastercard-branded. According to the company’s website , “Your Loan limit is based on the market value of the crypto assets in your Nexo Account. dollar, the British coin and the Euro.

Currencies 70

Currencies Accounting Planning Marketing 70

Global Finance

NOVEMBER 29, 2024

Claudia Kabbe: What sets Belfius apart in the Belgian market are our dedicated relationship managers who provide specialized solutions, such as cash advances. This represents nearly 100% market penetration across local, supra-local and regional public authorities, as well as the non-profit sector.

Cash Management 98

Cash Management Treasury Reconciliations Finance 98

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. Citi is deploying its localized payments services and FX offering to streamline the collections process.

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

Global Finance

SEPTEMBER 25, 2024

Susanne Prager: With the inclusion of new markets in the EU, businesses demand faster, more transparent, and compliant cross-border transactions. These include account lifecycle management integrated with customers’ treasury systems, a central cash management hub for payments and reporting, and group-wide, near-time cross-border payments.

Banking 98

Banking Cash Management Compliance Currencies 98

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. Bitcoin is not a currency, it rather is an asset and it is very volatile,” Central Bank officials wrote, quoting Chief Economist Philip Lane. The company debuted the card in the U.K.

Currencies 61

Currencies Banking Investments Accounting 61

E78 Partners

FEBRUARY 14, 2024

CEOs of middle-market private equity sponsored companies face unique challenges when it comes to delivering growth, profitability, and cash flow while managing operations with limited resources. Talent acquisition and retention: Attracting and retaining top talent is a critical issue for middle-market private equity-backed businesses.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Marketing Compliance Planning 52

PYMNTS

DECEMBER 4, 2018

Lithuania payments company SatchelPay is adding multi-currency cross-border payments functionality through a new partnership with multi-currency IBAN account provider ONPEX (the Online Payment Exchange). The solution allows businesses to initiate or accept payments across multiple currencies using a single IBAN account.

Currencies 49

Currencies Accounting Numbers Banking 49

Global Finance

OCTOBER 16, 2024

Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. A modern financial institution (FI) faces a challenging environment but a beguiling opportunity in Asia. But it is also challenging to navigate.

Currencies 105

Currencies Economics Leadership Banking 105

PYMNTS

JUNE 15, 2020

Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. Revolut was in the process of growing its digital currency offering in recent times and came into the American market this spring.

Currencies 64

Currencies Banking Finance Accounting 64

PYMNTS

AUGUST 3, 2020

On Friday (July 31), the company opened a new concept store in Shenzhen, China, which is an important market for the brand. The store marks a new chapter in retail technology, social retail and social currency all at the same time. The Burberry-Tencent venture could be the most high-profile use of social currency in retail.

Currencies 50

Currencies Retail eCommerce Accounting 50

PYMNTS

DECEMBER 6, 2016

The website, which was presented at this year’s Disrupt London hackathon, also has virtual currency that kids can use to purchase things on their lists. Known as veecee, the virtual currency can be used only after two adults authorize the transaction, giving parents more control over how kids spend the virtual currency.

Currencies 61

Currencies Startups Marketing Accounting 61

PYMNTS

JUNE 8, 2020

Authorities in China have reportedly frozen bank accounts due to digital currency and fiat assets allegedly contaminated by illicit actions, CoinDesk reported. The report noted that the impacted digital currency users aren’t necessarily accused of doing anything wrong.

Accounting 53

Accounting Currencies Securities Banking 53

PYMNTS

JANUARY 24, 2021

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. The card will be linked to bitcoin and fiat accounts, and will be one of Mastercard's premium accounts, able to be used anywhere globally, CEO Chris Slaughter said, according to the report.

Marketing 93

Marketing Currencies Economics Accounting 93

PYMNTS

SEPTEMBER 17, 2020

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. NexusPayments Tackles Real Estate Supplier Adoption. Versapay Eases Payment Pain With AR Tool.

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

PYMNTS

FEBRUARY 26, 2020

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. Tipalti Reallocates The Workload.

Accounts Payable 72

Accounts Payable Accounting Invoicing General Ledger 72

PYMNTS

JULY 28, 2020

Domestic Seller Currencies. dollars, but the practice can be inconvenient for sellers in many international markets. Those that do not receive their payments in local currencies must often wait longer for funds to settle in their accounts, as banks can take up to two days to make cross-currency payments available.

Marketing 63

Marketing Currencies eCommerce Compliance 63

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. Part of that journey includes a focus on vendors’ accounts receivable (AR) challenges, which is crucial to finding success with newly-implemented AP tools. Tipalti Collaborates To Ease Vendor Acceptance.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

Future CFO

JULY 26, 2022

At the same time, the plunge in US dollar bond issuance from Chinese developers is reshaping the composition of the Asian high-yield market, the firm noted. In addition, 45% ($52 billion) of the total maturities are USD denominated and the rest of the maturities are generally in local currencies, predominantly RMB, Moody’s observed.

Marketing 52

Marketing Currencies Numbers Accounting 52

PYMNTS

JUNE 24, 2020

Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts. In other news, the oldest central bank globally, Riksbank of Sweden, has examined the feasibility of central bank digital currencies (CBDC) and found the pros and cons between different models, CoinDesk reported.

Currencies 67

Currencies Banking Investments Economics 67

PYMNTS

JUNE 1, 2020

million to settle a class action lawsuit regarding its decision in 2018 to start considering digital currency buys as cash advances, which brought about increased fees, Reuters reported. In other news, Travala.com , the digital currency travel platform, saw a 45.8 Morgan Chase will pay $2.5

Currencies 52

Currencies Banking Numbers Accounting 52

PYMNTS

SEPTEMBER 14, 2020

It’s an exciting time and an opportunity for firms positioned to profit from the opportunity, which is what pushed Volopa to make its entrance into the market earlier this year with Oya, a new remittance corridor between the U.K. Oya is the first step in our plan to expand the business into other markets,” he said. “We and Nigeria.

Marketing 80

Marketing Currencies Planning Economics 80

Barry Ritholtz

OCTOBER 20, 2023

To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes. That compensation is in a currency that is a widely accepted medium of exchange. 5 Currency like the U.S. 5 Currency like the U.S. You get paid in dollars.

Investments 136

Investments Math Currencies Transportation 136

CFO News Room

JANUARY 21, 2023

By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be, and the big question leading in 2022, for investors and markets, is how inflation will play out during the year, and beyond, and the consequences for stocks, bonds and currencies.

Treasury 130

Treasury Currencies Numbers Marketing 130

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

PYMNTS

SEPTEMBER 25, 2019

Cloud-based finance software Bill.com can now facilitate international payments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept. But businesses need a partner that can help them manage the complexities that come with processing multi-currency invoices and making payments in local currencies.

Currencies 40

Currencies Accounts Payable Valuation Invoicing 40

Global Finance

SEPTEMBER 4, 2024

The race for Latin America’s massive stablecoin market has become more competitive. Foreign currency-backed stablecoins are widely seen as the next big thing in Latin America. However, as Latin America’s stablecoin market gains traction partly due to legislative gaps, experts expect regulatory scrutiny to increase.

Currencies 52

Currencies Financial Systems Leverage Startups 52

PYMNTS

JUNE 27, 2018

Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk. Corporates should be proactively looking at currency risk,” added Frey. Even if a business only deals in USD, fluctuations of other currencies create risk.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

PYMNTS

OCTOBER 11, 2018

CipherTrace noted in a report that digital currency theft has nearly topped $1 billion over the first three quarters of the year at $927 million, Reuters reported. The organization noted that digital currencies are not an effective store of value, unit of account or payment means.

Currencies 73

Currencies Startups Forecasting Banking 73

PYMNTS

OCTOBER 26, 2018

As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing a digital currency. If the marginalisation of cash continues a digital krona, an e-krona, could ensure that the general public still has access to a state-guaranteed means of payment,” the Riksbank said. “If

Currencies 49

Currencies Banking Accounting Marketing 49

CFO News Room

NOVEMBER 13, 2022

A central bank digital currency (CBDC) is a digital currency issued by a central bank. It is important to distinguish between digital currency and a digital claim to a currency. Commercial banks offer digital claims to a currency in the form of checking account balances. Impose capital controls.

Currencies 130

Currencies Economics Banking Treasury 130