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18) that it would improve its Sri Lanka operation with the launch of a new digital foreignexchange (FX) program, reports said. The FX program is a step into the corporate client market, and its investments in Sri Lanka mark an initiative for a more well-rounded set of digital solutions for clients in that region.
Through this investment, we have enriched our API capabilities to ensure our customers receive a best-in-class experience when using our products and integrating their data,” said Scott Johnson, global head of product for Western Union Business Solutions.
With its newest offering designed for legal cannabis businesses , AeroPay ‘s B2C and B2B payment tools aim to help companies in this market migrate away from manual and paper-based payment methods. Steamchain Lands Investment For Blockchain Tech. ” AeroPay Elevates The Bank Transfer.
B2B FinTech BitPesa , which operates a platform offering foreignexchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company focuses on global currency trading solutions and financial services in both the B2B and B2C frontier.
One of the areas ready for real-time disruption is foreignexchange (FX) management, which is “the road to real-time treasury,” according to the report. In a new report released from Deutsche Bank’s Global Transaction Banking unit, analysts noted that faster payments are shifting treasurers to embrace real-time processes.
This is even more true for B2C marketplaces. percent) but far more than for areas like foreignexchange (9.6 Despite vendor outsourcing and potentially investing in new employees, digital platforms aren’t particularly confident in their fraud operations. percent) and compliance and monitoring (66.7
Apart from supplier payments, the shift could have significant impacts on foreignexchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As
Liquidity and cash investment plans would be made by 10 a.m. As Chakravarti told Karen Webster in a PYMNTS podcast in the “Treasurer’s Need to Know” series, there are several forces at work, impacting businesses and also the ways that treasurers and their teams manage cash, liquidity and foreignexchange. Maybe not even weekly.
Adding to the confusion is the latest data from KPMG International and CB Insights, which revealed that private investment in FinTech startups more than doubled last year. The biggest deals, unsurprisingly, were in the B2C finance segment. foreignexchange payments company FairFX scored nearly $7.5 This time, the U.S.
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