PYMNTS

JUNE 11, 2020

Whether it’s the result of necessity in a remote working environment or of a slowdown in business that frees up time to focus on the transformation, organizations are quickly flocking to their banks and FinTech partners to finally do away with paper in the back office. Interconnected Finances. Typically, change is slow.

Cash Management 60

Cash Management Invoicing Accounts Payable B2B 60

PYMNTS

MARCH 16, 2016

In a first for the Bank of China, the financial institution has linked up with its first foreign bank for interbank cash management of a corporate client. Reports on Tuesday (March 15) said Germany’s Deutsche Bank is collaborating with Bank of China, and the result of that partnership has gone live.

Cash Management 40

Cash Management Banking Treasury Corporate Finance 40

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

JANUARY 30, 2017

Used to be that managing a company’s liquidity and cash position was a matter of reconciling disparate bank accounts at the end of the day. The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies.

Cash Management 49

Cash Management Treasury Invoicing Currencies 49

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. Bradesco’s resource managers are the tool’s main users. Its use could lead to revenue gains of as high as 4.2

Construction 109

Construction Compliance Cash Management Treasury 109

Global Finance

SEPTEMBER 9, 2024

Access to finance was a huge concern at the start of the pandemic [in 2020] as thoughts turned to the global financial crisis and a potential repeat of bank insolvency,” notes Kristen Roberts, partner and head of the London corporate debt practice at HSF. “So One of the products of that is that cash is again king, as it was in the ’90s.”

Mergers and Acquisitions (M&A) 105

Mergers and Acquisitions (M&A) Treasury Currencies Finance 105

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 23, 2020

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. RTP Gains Community Bank Traction. Bank Of Thailand Readies New Infrastructure. In the U.S.,

Cash Management 106

Cash Management Currencies Banking B2B 106

PYMNTS

JULY 9, 2019

The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management. HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8).

Accounting 54

Accounting Banking Cash Management Treasury 54

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

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

Future CFO

FEBRUARY 7, 2024

Risk mitigation and strategic financial management The increasing complexity of risk factors requires companies to adopt a more strategic and analytical approach to risk policy. The events such as the Silicon Valley Bank situation serve as reminders for companies to proactively address risks and strengthen risk management policies.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

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. Get an overview of your company’s bank accounts and centralize bank account administration. You’re not alone!

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

SEPTEMBER 8, 2020

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. Mobile banking apps mean we can check bank balances and pay bills on the fly. You’ve got to adhere to currency cut-off times. That’s especially true in our day-to-day lives as consumers.

Treasury 107

Treasury Currencies Cash Management Accounting 107

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. To that end, this week PNC Bank said it has reached a deal to buy Tempus Technologies for an undisclosed sum.

Banking 60

Banking Treasury Cash Management Invoicing 60

PYMNTS

DECEMBER 7, 2020

The company was founded in 2011 and has worked to capitalize on banks' reduced focus on lending after the late 2000s financial crisis, working on refinancing student loans early on and has since also worked on mortgages and personal loans, according to Reuters. It has also begun work in stock trading and cash management accounts.

Startups 107

Startups Cash Management Finance Currencies 107

PYMNTS

JULY 25, 2018

Oracle Financial Services recently announced the launch of a platform designed for corporate banking customers that are in need of consolidated, streamlined views of their global banking operations. The company announced Tuesday (July 24) that its Oracle Banking Virtual Account Management solution is now available to corporate banks.

Accounting 40

Accounting Banking Cash Management Currencies 40

PYMNTS

SEPTEMBER 4, 2018

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. One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

FEBRUARY 3, 2017

Bank of America Merrill Lynch announced Thursday (Feb. 2) that it has substantially increased its international payments capabilities via the bank’s online and file-based banking portal CashPro. Bank of America said it has created an easier and more cost-effective way for companies to pay vendors, contractors and customers.

Banking 40

Banking Currencies Cash Management Economics 40

PYMNTS

NOVEMBER 8, 2018

In addition, Erste Bank has updated its MobilePay offering in Hungary , and Wallex Technologies has officially rolled out its products in Indonesia. In Hungary, Erste Bank has upgraded its mobile wallet called Erste MobilePay to provide new functionality to its customers, according to reports.

Banking 51

Banking Transportation Cash Management Currencies 51

PYMNTS

MARCH 6, 2018

New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cash management provider. We don’t want the bank coming to me in a year’s time and saying this product that we’ve offered you is unprofitable,” one U.S.-based

Banking 43

Banking Treasury Benchmarking Cash Management 43

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. In 2016, researchers at Coversy revealed the majority of U.K. Necessary Planning.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

Global Finance

JULY 26, 2024

Staying ahead of the cash management game is vital for treasurers facing multiple challenges, such as economic and political uncertainties, and our award winners are best positioned to do just that. Companies and their partner banks are having to enhance and improve both infrastructure and processes as a result.”

Cash Management 52

Cash Management Treasury Compliance Banking 52

Simply Treasury

JUNE 3, 2021

Major priorities over the next one to two years: We are not surprised that Cash-Flow Forecasting comes out on top when the COVID crisis has been hitting us for the past year. Here again, it seems to us that the need to dematerialize, digitize and automate is logical to make companies more resilient and efficient in their financial management.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 22, 2021

In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health. "But But they need to be planned for.".

Treasury 103

Treasury Concentration Currencies Banking 103

PYMNTS

NOVEMBER 14, 2018

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.

Banking 78

Banking Treasury Forecasting Corporate Finance 78

PYMNTS

FEBRUARY 22, 2018

Blockchain consortium R3 , trade finance company TradeIX and several global banks are collaborating on a new solution that has entered into pilot phase. We see the proof of concept as an important milestone in this project,” said BNP Paribas Head of Transaction Banking EMEA Jacques Levet in a statement. There is a $1.5

Finance 46

Finance Banking Cash Management Currencies 46

PYMNTS

MARCH 4, 2020

trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees. Wells Fargo debuted two new bank accounts that set limits on the amount of fees that can be charged to customers. Libra is stumbling.

Currencies 52

Currencies Treasury Cash Management B2B 52

PYMNTS

SEPTEMBER 18, 2019

Open banking has opened the path toward a number of banking/FinTech and digital partnerships leveraging APIs to speed innovations. The companies said that the pact lets Horde gain access — through a single point — to the API network offered via Neonomics, with data across 1,300 banks.

Foreign Exchange 68

Foreign Exchange Treasury Currencies B2B 68

PYMNTS

NOVEMBER 2, 2020

Data flows and transparency can help corporate treasurers and chief financial officers act strategically in day-to-day cash management and optimize working capital as they break down silos within their own companies. Delving Into Digital Currencies. They want the data [and] they want the information,” said Phalen.

B2B 119

B2B Currencies Healthcare Cash Management 119

PYMNTS

MAY 30, 2018

Ant Financial continues its bank partnership streak, signing a strategic cooperation agreement today (May 30) with Shanghai Pudong Development Bank (SPD Bank). That is Ant’s third bank partnership this month, following deals with Huaxia Bank and China Everbright Bank (CEB) earlier in May. Ant’s Plans.

Banking 40

Banking Risk Management Startups Cash Management 40

PYMNTS

JUNE 12, 2017

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. More than a fifth said they’re working with 11 or more banks, and 13 percent said they work with 21 or more banks. Payments Rails.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

MAY 29, 2020

And in 2018, just after bitcoin’s price seemingly peaked at the end of 2017 at just under $20,000, the famed investment firm said bitcoin could indeed be used as a form of currency. billion sent to currency exchanges from criminal entities. We noted then that JPMorgan is providing cash management services for the exchanges’ U.S.

Currencies 74

Currencies Investments Cash Management Economics 74

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. ” Challenge Turned Opportunity. “It’s not about incentives, it’s about necessity. ”

Treasury 64

Treasury Cash Management Data Analysis Banking 64

PYMNTS

MAY 29, 2019

This year it applied for a national bank charter from the Office of the Comptroller of the Currency. A spokesman told CNBC in April that getting the national bank charter will enable it to offer banking products. Racusin was eventually named the president and CEO of the potential bank.

Valuation 63

Valuation Cash Management Currencies Banking 63

Strategic Treasurer

OCTOBER 14, 2022

This survey’s questions probed corporate and bank respondents on their global payment practices and priorities. Details were gathered about banks’ concerns and recommendations for client security, corporate payment complexity, volumes, currencies, challenges, plans for technology use, and more.

Securities 52

Securities Investments Planning Treasury 52

Future CFO

AUGUST 22, 2019

per USD, a range set by the Hong Kong Monetary Authority, the de facto central bank in the city, since May 2005. What can be changed is the linked currency, which is now the US dollar, and the range of the linked exchange rate level.”. This bank thinks it'll stay appeared first on FutureCFO. and 7.85, Pang explained.

Banking 40

Banking Currencies Forecasting Foreign Exchange 40