PYMNTS

SEPTEMBER 14, 2018

Foreign exchange solutions company OFX is expanding its services in the U.K. 13) that its Global Currency Account is now available to importers and exporters in the U.K. According to OFX, businesses buying and selling internationally would typically have to open bank accounts in multiple jurisdictions.

Accounting 40

Accounting Foreign Exchange Currencies eCommerce 40

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. The invoice processing solution augments Cambridge Global Payments’ existing offering of global payments and foreign exchange management solutions.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

CFO Leadership

FEBRUARY 16, 2022

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. The Foreign Exchange Market.

Risk Management 52

Risk Management Currencies Foreign Exchange Valuation 52

PYMNTS

DECEMBER 17, 2019

As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). “FX is a complicated area,” added Cran.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

AUGUST 6, 2020

“We are leaving behind siloed accounts and manual transactions and building towards fully automated and point-to-point money movement,” CEO and Founder Stephany Kirkpatrick said in a statement. Accounts payable (AP) and receivable (AR) technology firm Bottomline Technologies announced its open banking-powered service in the U.K.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

Simply Treasury

JUNE 3, 2021

Delay in FX hedging, accounting treatment. The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging. TMS), and shifted in time.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. Cross-Border Headaches. But at the end of the day, it always goes up to the parent entity.". "But

Mergers and Acquisitions (M&A) 61

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

PYMNTS

JUNE 11, 2020

By using Currencycloud Spark, TranSwap will be able to offer the Global Borderless Virtual Account (GBVA) to customers, enabling funds to be held in 34 currencies and allowing more flexibility for cross-border payment solutions, through being able to convert a company’s funds to other currencies.

B2B 99

B2B Foreign Exchange Currencies Accounting 99

PYMNTS

NOVEMBER 16, 2020

The global trading markets are in flux, and it's not only the COVID-19 crisis influencing international supply chains. Ongoing trade wars and rising costs of doing business in certain markets have manufacturers and other businesses adjusting where they operate and with whom. A Shifting Market. Currency Conversion Headache.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

JANUARY 9, 2018

UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China. Yiwu Market is the largest commodities wholesale market in the world. Yiwu Market is the largest commodities wholesale market in the world.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

PYMNTS

JANUARY 21, 2020

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan. Remittance disbursements to East Asia and the Pacific account for $149 billion and are anticipated to go up in the future, per MoneyGram’s statement.

Foreign Exchange 100

Foreign Exchange Investments Accounting Marketing 100

PYMNTS

SEPTEMBER 23, 2020

They can spend funds kept in their PayPal accounts at more than 52 million Mastercard acceptance locations globally. The debit card doesn’t have foreign exchange fees or monthly charges, while it has a flat ATM fee of 2 euros ($2.34) globally. Small businesses can have immediate access to their PayPal funds and unlimited 0.5

Foreign Exchange 145

Foreign Exchange Economics Retail Accounting 145

Global Finance

JULY 26, 2024

In the Asia-Pacific region, geopolitical risks and supply chain diversification require contingency planning by corporates, and banking partners who can help treasurers mitigate foreign exchange risk to protect profit margins. ANZ became the first major bank to offer it to billers, in December 2023.

Cash Management 52

Cash Management Treasury Foreign Exchange Concentration 52

PYMNTS

FEBRUARY 27, 2019

HSBC is looking toward the alternative finance sector to strengthen its position in the middle market, the financial institution said. Through the link-up, middle-market firms that use NepFin to access financing will be able to connect to HSBC commercial banking services. Announced Tuesday (Feb. 26), HSBC U.S. employing 20.7

Marketing 43

Marketing Foreign Exchange Leverage Banking 43

PYMNTS

AUGUST 11, 2020

Revolut attributed the losses to its expansion into new markets and the introduction of new products. 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 million) in 2019 — up from £32.9

Profit and Loss 95

Profit and Loss Foreign Exchange Startups Banking 95

PYMNTS

AUGUST 15, 2018

Ripple is eyeing the Chinese market, aiming to use blockchain technology to quicken cross-border payments. According to a report in CNBC , citing Jeremy Light, vice president of European Union (EU) strategic accounts at Ripple, the China market is a target for the company.

Marketing 40

Marketing Foreign Exchange Banking Accounting 40

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. 10) press release. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. .

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

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. FXPress entered the market with a focus on cross-border payments and foreign exchange services.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

JULY 15, 2020

The global market has historically revolved around the U.S. dollar, leaving few incentives for companies to overcome the numerous obstacles and pain points involved in broadening business into new markets overseas. An alternative to this payment strategy is to open up a bank account in each market in which a business operates.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. The accounts payable (AP) workforce is alerted when differences are discovered. OpenPayd Debuts Access To Quick Foreign Exchange Payments. 27), which will help clients access easy foreign exchange payments, according to a press release.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

Global Finance

JUNE 4, 2024

That fall, after six successive quarters of negative growth, the economy finally posted positive numbers, reporting a current account surplus, disinflation, increased revenue and growing remittances from citizens working abroad. Vital Statistics Location: South Asia Neighbors: Sri Lanka borders India and Maldives by sea.

Economics 105

Economics Currencies Restructuring Manufacturing 105

PYMNTS

AUGUST 13, 2019

that has led to a depreciation of the pound are having widespread impacts throughout supply chains with touchpoints in the markets. 12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. But that, he said, is also one of the largest challenges in this market.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

Global Finance

OCTOBER 10, 2024

The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Riel stabilization has been achieved by prudent circulation management and foreign exchange market intervention, usually involving selling US dollars versus the domestic unit on the open market.

Benchmarking 52

Benchmarking Foreign Exchange Forecasting Economics 52

Future CFO

SEPTEMBER 11, 2023

Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently.

Foreign Exchange 52

Foreign Exchange Currencies Finance Investments 52

PYMNTS

AUGUST 2, 2019

The company has said that it will use the funding round to expand its platform beyond beta testing, hire staff and gain licenses in select countries internationally, In an interview with Karen Webster, VertoFX Co-Founder and CEO Anthony Oduwole illuminated pain points that cause friction along supply chains that have links in emerging markets.

B2B 41

B2B Marketing Foreign Exchange Currencies 41

PYMNTS

DECEMBER 20, 2020

And because of that, the report says, the import supply chain can move onto standard open account terms, with Indian banks or international partners working on funding to make sure exporters are paid at shipment while importers pay later. India’s market of food and grocery stores could be a target for modernization.

Foreign Exchange 64

Foreign Exchange B2B Manufacturing eCommerce 64

PYMNTS

JUNE 22, 2020

Many businesses today see selling products in new markets as a growth opportunity. Expanding into a new market — even one as geographically close as Mexico, for example — would present a number of logistical hurdles that many businesses may not be equipped to handle. Appealing to a wider array of customers within the U.S.

Foreign Exchange 92

Foreign Exchange eCommerce Accounting Marketing 92

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. An Eye On Emerging Markets. The victory of Boris Johnson in the U.K.’s following news of Johnson’s victory.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

PYMNTS

DECEMBER 1, 2019

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. Parents can also see an overview of multiple accounts if they have more than one child using Pixpay. . Pixpay costs €2.99 Pixpay costs €2.99 million (€3.1

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. Traditionally, however, multi-currency accounts are often opened within silos, unable to integrate and communicate with each other, or other cash management systems.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

OCTOBER 9, 2019

8) that it will be able to issue virtual Mastercard cards in the United Arab Emirates following approval from the Central Bank of the UAE to operate in the market. WEX added that it will also be able to settle UAE dirhams without charging foreign exchange fees.

Accounts Payable 68

Accounts Payable Foreign Exchange B2B Accounting 68

PYMNTS

JULY 8, 2020

The combined technologies of the two companies let clients quickly put virtual accounts, collections, foreign exchange (FX) services and payments into place, the announcement states. The technologies encompass “account-to-account collections and payments” in addition to card spend functions.

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

PYMNTS

SEPTEMBER 22, 2020

ClearBank Dives Into Multicurrency Accounts Via API. clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time. In the U.K., In another statement, J.P.Morgan Head of FIG Sales Europe Jon Lloyd pointed to the growing importance of APIs.

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

DECEMBER 4, 2019

The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually embraced the new market entrants with partnerships and acquisitions to bolster their own small business lending activity. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

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. Not only can market risk be better monitored, but market costs can be saved for participants: about $30 million so far, estimates CCDC.

Construction 109

Construction Compliance Cash Management Treasury 109

PYMNTS

MARCH 3, 2020

The British accounting software company Sage is offloading its operations in Brazil in a deal estimated to be valued at £1 million, plus deferred consideration of up to £9 million, according to reports on Tuesday (March 3). The subsidiary in Brazil is considered to be outside the firm’s “strategic focus.”

Profit and Loss 52

Profit and Loss Foreign Exchange Accounting Startups 52

PYMNTS

MAY 2, 2016

Treasury has added five nations to its list of trading partners with foreign exchange policies that need to be monitored, according to reports on Saturday (April 30). China, Germany, Japan, Korea and Taiwan are each on the list due to their currency practices, according to reports.

Treasury 40

Treasury Foreign Exchange Currencies Marketing 40