Profile Software Unveils FX Risk Management Tool
PYMNTS
JUNE 19, 2020
In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
PYMNTS
JUNE 19, 2020
In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering.
PYMNTS
MARCH 16, 2020
Western Union is partnering with Integral for a new risk management mechanism called Integral BankFX, according to a press release. But instead, the firm has made a new name for itself with white-label business, B2B work and partnerships with big players that have made it savvy in the new age.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
How To Optimize Cash Flow: Your Roadmap To Resilience!
Back to Basics with Reconciliations
Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth
Less Stress, More Success: Accounting Best Practices & Processes for 2025
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
PYMNTS
JULY 6, 2020
London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. On the corporate side, moneycorp said it will be working with clients seeking “risk management hedging solutions” to help buffer the impact from “volatile currency markets,” the company said in its press release.
How To Optimize Cash Flow: Your Roadmap To Resilience!
Back to Basics with Reconciliations
Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth
Less Stress, More Success: Accounting Best Practices & Processes for 2025
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
PYMNTS
MARCH 5, 2019
WorldFirst is looking to expand its B2B payments position through an acquisition of CurrencyVue, the company said on Monday (March 4). CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems.
PYMNTS
APRIL 26, 2018
While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast.
PYMNTS
OCTOBER 4, 2019
More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. See all of the latest B2B fundraises below. million in the B2B eCommerce startup, MENAbytes reports said. FinBox plans to use the investment on product research and development. SaaSOptics. Clix Capital.
PYMNTS
JULY 10, 2019
Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform. Custom remittance information can be sent directly back to the foreign vendor, while the service also supports custom reporting for a buyer’s own back-office processes.
PYMNTS
MARCH 16, 2018
But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. TMS providers have great platforms, and we have a great position in risk management as it relates to FX.”.
PYMNTS
SEPTEMBER 14, 2018
FinTechs are gaining traction in cross-border payments, and solutions are proliferating in the space to help firms manage foreign exchange (FX) risk as they also seek speed and security across payments.
PYMNTS
AUGUST 13, 2019
12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. catering equipment importers working with Eurozone suppliers are struggling to manage the struggle of the pound against the euro. “We Reports Monday (Aug. According to the publication, U.K. importer said. “We
PYMNTS
JANUARY 13, 2020
INTL FCStone , a risk management and advisory service provider for players in the financial industry, announced a new acquisition to strengthen its small business foreign exchange and hedging offering. The company said in a press release Monday (Jan.
PYMNTS
NOVEMBER 6, 2018
Technology developed by Bloomberg is now being used by Shell ‘s Foreign Exchange Central Treasury unit to interconnect the fuel conglomerate’s operating units across 22 markets, the companies revealed Monday (Nov.
PYMNTS
JUNE 10, 2020
“We are delighted to be partnering with Western Union Business Solutions to bring this changed world of trade two exceptional business tools fully connected and integrated, placing foreign exchange and payments right at the heart of the trade transaction.”. BankFX will be linked to the cloud.
PYMNTS
NOVEMBER 5, 2018
TreasuryXpress has announced a partnership with Hedgebook , a global provider of Cloud financial risk and derivative management software, to enable underserved mid-market treasury organizations with complex cash and risk management requirements.
PYMNTS
SEPTEMBER 11, 2018
A company no longer has to be a massive, multinational conglomerate to be exposed to foreign exchange fluctuation risks. Unfortunately, while small business owners are increasingly aware of the importance of currency management, Wissema told PYMNTS that they largely remain unaware of the tools available to do so. “I
PYMNTS
OCTOBER 1, 2020
Nexi’s partner banks will have the capacity to offer the complete suite of Ebury services to customers, which encompass foreign exchange (FX) risk management, import/export financing and global cash management.
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. More recently, a Bank of Jamaica survey revealed a constriction in local banks’ foreign exchange forwards or hedging contract agreements.
PYMNTS
SEPTEMBER 13, 2018
As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way.
PYMNTS
APRIL 21, 2016
A cross-border payments company and an accounts payable solutions provider have joined forces, meshing their tools together to ease friction in global B2B payments. Together, the companies said they will look to digitize cross-border B2B payments.
PYMNTS
MARCH 26, 2019
Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. Treasurers continue to input and manage FX data manually, resulting in a higher error rate and wasted time, he added.
PYMNTS
APRIL 6, 2016
When B2B payments firm Saxo Payments released a new whitepaper outlining the troubles of cross-border payments for corporates, the company was gearing up for its latest release: a real-time foreign exchange trading platform, integrated into its Banking Circle portal.
PYMNTS
SEPTEMBER 18, 2018
The conversation also underscored the growing important of currency hedging, foreign exchange and risk management for businesses of all types. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability? So, what is the state of the global economy these days?
PYMNTS
NOVEMBER 9, 2017
What can foreign exchange service providers learn from the Uber model? Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. That’s where foreign exchange (FX) payment providers step in to help.
PYMNTS
DECEMBER 13, 2018
Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result.
PYMNTS
APRIL 18, 2018
Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17).
PYMNTS
AUGUST 17, 2018
Now the challenge is to bring digital, efficient forms of payments, and associated risk management, to one of the oldest industries in the world, one that predates recorded history. A lot of them do not have experience with risk management strategies,” Matheson said. Still Some Paper.
PYMNTS
FEBRUARY 6, 2019
SMBs can receive protection in case their corporate customers become insolvent or file for bankruptcy, or are unable to pay their invoices, according to Waldorf Trade Risk. Insuring against the risk of non-payment of outstanding invoices can support small businesses’ access to financing, the company noted. ”
PYMNTS
DECEMBER 20, 2017
Invoice Automation Solutions adds to the services already offered by Global Exchange, which include cross-border payment services, foreign exchange (FX) risk management and the integration of these services into existing accounting and enterprise resource planning (ERP) systems. “We
PYMNTS
JANUARY 25, 2018
According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreign exchange (FX) and risk management solutions.
PYMNTS
MARCH 2, 2016
Corporate treasurers continue to struggle with managing foreign exchange risk and exposure. According to Deloitte, more than one-fifth of respondents aren’t tracking FX risk management performance at their companies; 62 percent use manual forecast strategies.
PYMNTS
JULY 29, 2019
Geopolitical volatility has analysts urging businesses to hedge against foreign exchange risks as trade tensions rise in Asia and the U.S., Unfortunately, the latest analysis of corporate earnings suggests bottom lines are taking a significant hit as a result of FX risk exposures. and as Brexit continues to loom.
PYMNTS
DECEMBER 6, 2018
Should a deal not be approved, the downside risk for the pound should materialize, which could leave the door open to $1.25 There’s at least some anticipation that foreign exchange (FX) remains a wild card that needs attention. or lower — testing the GBP/USD lows of $1.26 Meanwhile, GBP/EUR could drop to €1.11 FX As Wild Card?
PYMNTS
MARCH 6, 2019
Arm’s length transactions for intercompany loans, for example, can be proved by time stamping the [foreign exchange (FX)] rate from a trusted third party, and then via smart contracts auto-settling at maturity,” he said. Data redundancy, he said, “ensures that there is no single point of failure.
PYMNTS
SEPTEMBER 11, 2018
A company doesn’t have to be a massive, multinational corporation to feel the punch of foreign exchange (FX) volatility. Those uncertainties, however, can increase foreign exchange rate volatility, according to Volopa ‘s Managing Director Graham Smith and Director of Business Development Jay Wissema.
PYMNTS
APRIL 16, 2020
Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies. Currencycloud, Derivative Path Team for Bank FX Solutions.
PYMNTS
JULY 31, 2018
Allegations that American Express secretly hiked foreign exchange rates for small business customers is thrusting the challenges and points of friction that entrepreneurs face with cross-border payments back into the spotlight. That negative impact amounts to an estimated $91,500 in financial costs to small firms. “By
PYMNTS
MAY 19, 2016
The procurement of raw materials can expose an organization to some serious market volatility, the risk management software firm said, and much of the solutions these firms are using to mitigate risk, like ERP solutions, don’t quite make the grade when covering a business’ exposure to commodity trade risk.
PYMNTS
AUGUST 29, 2017
Nearly 80 percent said the treasury department plays the lead role in long-term borrowing activity, for example, while more than half also said their treasurers take the lead on long-term investments, payment strategies, and working capital management. The role of corporate treasurer now expands beyond handling foreign exchange volatility.
PYMNTS
APRIL 27, 2016
The company pointed to “unintended speculation” or “mishedging” as two sources of non-obvious exposure to FX risk from within the enterprise. Deloitte noted that corporations are increasingly looking to alternative FX risk management solutions apart from derivative hedging.
PYMNTS
JULY 10, 2019
Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and risk management.
PYMNTS
MARCH 15, 2016
Cross-border payments and risk management company AFEX is doing a bit of cross-border movement itself. But Spain’s cross-border payments sector is underserved, the company added, with regards to foreign exchange and transaction capabilities. AFEX already operates offices in other areas of Europe, as well as the U.S.,
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content