PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. According to Dion Global Solutions , which provides banks with software to maintain compliance with regulations like PSD2, FIs aren’t exactly ready for this next phase in payments speed.

Banking 77

Banking Compliance Cash Management Securities 77

Bramasol

MAY 9, 2022

As more companies and industries adopt subscription-based business models in the Digital Solutions Economy (DSE), they face new challenges in managing cash, cash flow and banking. And, as the volume and velocity of transactions increases exponentially, your cash application and cash management solutions must keep up.

SAP 80

SAP Cash Management Banking Treasury 80

Strategic Treasurer

MAY 12, 2022

Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency. Atlanta, GA] May 12, 2022 — Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey. AI and ML Investments Expected to Grow, Supporting Security and Fraud Prevention.

Prioritization 52

Prioritization Compliance Securities Banking 52

PYMNTS

SEPTEMBER 22, 2016

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new bank. “When we look at where the market is moving, clients expect to transact globally and to trade globally, to have a cash management account in Hong Kong and an FX trading accounting the U.K.

Banking 75

Banking Compliance Prioritization Auditing 75

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. Ehrlich said stablecoins, including the U.S.

Treasury 129

Treasury Currencies Cash Management Benchmarking 129

PYMNTS

MARCH 11, 2019

Fiserv , a financial technology company, has partnered with cash solutions company NationalLink to simplify cash management for users, the company said in a press release. NationalLink will use a financial services technology called CorPoint, which is a cash supply chain management software.

Cash Management 40

Cash Management Manufacturing Compliance Technology 40

PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release.

Banking 71

Banking Cash Management Compliance Finance 71

PYMNTS

FEBRUARY 22, 2017

Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negative impact for businesses. The banking sector is moving away from offering a simple, straightforward view via statements and transaction data, Cashfac noted.

Accounting 54

Accounting Banking Cash Management Compliance 54

PYMNTS

MARCH 4, 2020

And while the headlines may focus on the battle for the individual consumer’s share of wallet, banks are facing an increasingly competitive environment when it comes to getting — and, of course, keeping — corporate clients. The Rise Of Intelligent Engagement In Corporate Banking. And the corporates themselves?

Banking 81

Banking Cash Flow Forecasting Forecasting Technology 81

PYMNTS

MAY 3, 2019

European corporate banks are lagging behind their U.S. In a blog post this week, the data and analytics company released its new report called “European Corporate Banking: U.S. Banks Gain Advantage with Digital Solutions for KYC,” which found that European banks’ U.S.

Banking 51

Banking Cash Management Treasury Compliance 51

Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

JUNE 10, 2019

Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting. The bank said it improved its Swift IT system and fixed eight of the 11 major issues laid out in the report. and Ireland.

Banking 55

Banking Auditing Cash Management Compliance 55

Strategic Treasurer

OCTOBER 14, 2022

Building a 360-Degree Treasury: Payments and Bank Information. That includes all locations, not just primary banks. This is the first step in building an effective cash forecast. Poor payment workflows, security, compliance, and sanctions make it all the more difficult. November 3 | 11:00 AM EDT. Register Now.

Treasury 52

Treasury Banking Forecasting Cash Management 52

PYMNTS

APRIL 3, 2019

Large corporates across Asia are driving digital transformation of banking and treasury management in the region, according to new analysis from Greenwich Associates. Analysts said treasurers are focused on the acceleration of banking and treasury processes, as well as the ability to make these tasks more affordable and transparent.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

Strategic Treasurer

FEBRUARY 6, 2023

Episode 239 From Chaos to Clarity: Strategies for Smooth Bank Integration When it comes to treasury operations, cash is still king. Holistic cash visibility is a critical differentiator for companies.

Treasury 52

Treasury Banking Cash Management Compliance 52

Global Finance

SEPTEMBER 6, 2024

Changing customer expectations and the need to maintain a competitive edge continue to drive digital banking as both consumer and corporate banks rush to provide customer convenience, personalized services, and speed. This shift has empowered banks to improve user experiences while streamlining operations.

Banking 52

Banking Treasury Cash Management Securities 52

PYMNTS

MARCH 8, 2019

Reports in the Global Banking & Finance Review said this week that HSBC launched the APIs and developer portal to enable third-party payment companies to deploy their own solutions for business and consumer customers. under its Commercial Banking unit. Head of Digital Banking EJ Achtner in a statement last October.

Cash Management 67

Cash Management Compliance Banking Accounting 67

CFO Simplified

OCTOBER 10, 2023

And certainly, the banking environment has changed dramatically. Cash moves nearly instantaneously from one account to another. The personal banker at large banks is a figment of our imagination, and community banks have picked up the mantle of personalized service. Changing banks is a real pain. I don’t think so.

Banking 52

Banking Cash Flow Forecasting Forecasting Treasury 52

PYMNTS

JUNE 12, 2017

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Combine that with the finding that B2B payments are becoming increasingly complex, with two-thirds of respondents saying they originate payments with at least three banks.

Banking 60

Banking B2B Currencies Cash Management 60

Future CFO

APRIL 7, 2022

As a SaaS-based platform, SAP Concur connects expense, travel and vendor invoice spending in one system providing a single way to manage spending from end to end for greater visibility into transactions, improve compliance, and simplify the process for everyone – finance and employees. banking fees). Lee Chee Leong.

Finance 98

Finance SAP Cash Management Invoicing 98

PYMNTS

OCTOBER 11, 2018

Beyond that trading, noted Forbes , there has been speculation that banks would embrace Ripple to move money through cross-border conduits. In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX platform.

Cash Management 77

Cash Management Compliance Banking Investments 77

PYMNTS

NOVEMBER 30, 2017

That doesn’t mean banks and other financial service providers should delay implementing changes to comply with PSD2, though, according to Deutsche Bank. released in conjunction with payments consultancy PPI AG, highlighted speed bumps likely to arise as banks hustle to become PSD2 compliant when the Jan.

Banking 43

Banking Compliance Cash Management Securities 43

Global Finance

JULY 24, 2024

Africa— Rand Merchant Bank On the African continent, Rand Merchant Bank (RMB) strives to exceed the expectations of its clients by combining high levels of service with an exceptional technological platform to deliver effective sub-custody solutions covering all elements of trade transactions, as well as reporting and analytics.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Global Finance

JULY 24, 2024

Africa— Rand Merchant Bank On the African continent, Rand Merchant Bank (RMB) strives to exceed the expectations of its clients by combining high levels of service with an exceptional technological platform to deliver effective sub-custody solutions covering all elements of trade transactions, as well as reporting and analytics.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Future CFO

SEPTEMBER 20, 2023

Global non-cash transaction volumes will reach 1.3 The World Payments Report 2023 draws on insights from two primary sources – the Global Large Businesses Survey 2023 and the Global Banking and Payments Executive Surveys and Interviews 2023, according to the firm. At a regional level, digital payments will grow by 19.8%

Cash Management 52

Cash Management Treasury Credit Risk Retail 52

PYMNTS

SEPTEMBER 19, 2017

While non-bank financial institutions (FIs) and FinTechs may be keeping traditional banks on their toes, banks still have the largest piece of the corporate banking pie.

Banking 43

Banking Cash Management Compliance Technology 43

PYMNTS

SEPTEMBER 26, 2016

As a result, the call for banks to keep pace continues. More banks have begun to recognize the need to buy into the digital-first frame of mind in order to produce digital offerings. The report said 79 percent of bank executives view FinTech businesses as partners with high potential to collaborate.

Cash Management 73

Cash Management Risk Management Securities Compliance 73

PYMNTS

JULY 21, 2020

With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cash management operations. “It’s not about incentives, it’s about necessity. ”

Treasury 64

Treasury Cash Management Data Analysis Banking 64

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Electronic bank transfers (16 percent) and regular ACH (11 percent) are also popular. So, what’s the problem?

Construction 76

Construction Cash Management Compliance Banking 76

CFO Leadership

MARCH 31, 2022

A professional cash management solution can help to overcome these challenges. In the dark about global cash? Hit hard by their company’s growth, Treasurers often lose sight of their global cash. They need global structures, processes and policies that facilitate efficiency, visibility, control, security, and compliance.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7 Cash invested on the platform, said the company, stands at $2.7

Cash Management 53

Cash Management Data Analysis Credit Risk Risk Management 53

PYMNTS

FEBRUARY 6, 2017

based financial institutions have always had to gain access to the Faster Payments network through larger sponsor banks that provided indirect links to the service. It is able to process 10,000 transactions per second from a full range of payment sources, such as mobile and internet banking or ATM and POS devices. “We

Cash Management 46

Cash Management Compliance Technology Banking 46

PYMNTS

JUNE 7, 2018

challenger bank Arro Money , which launched its small business bank account service last December, has debuted its newest product designed for sole traders. The challenger bank first launched its small business account service late last year following a Series A fundraiser.

Accounting 53

Accounting Cash Management Compliance Banking 53

PYMNTS

JUNE 10, 2016

For financial institutions, procurement means working with external suppliers that could potentially introduce the bank to risks that permeate far beyond the FI’s internal walls. Ian Cotter, a director at procurement firm GEP , told PYMNTS that supplier management is critical for banks today.

Banking 41

Banking Risk Management Cash Management Compliance 41

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

Treasury 66

Treasury Cash Management Compliance Startups 66

PYMNTS

OCTOBER 17, 2018

So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. As marijuana was, previously, a banned substance in the state, those interested in purchasing and selling it relied on cash. The industry is looking for basic banking services,” she said. “If

Compliance 50

Compliance Manufacturing Banking Retail 50

PYMNTS

APRIL 20, 2016

Treasury management firm Reval, which provides cloud-based cash management solutions, is now linking its corporates into the SWIFT network. With the formal alliance between SWIFT and Reval, companies will have a mutually supported source of service for their bank connectivity needs.”. Ed Adams in a statement.

Treasury 40

Treasury Cash Management Compliance Banking 40