Global Finance

SEPTEMBER 9, 2024

While the job has always had a strong risk-management component, the basic task was simple: making sure the company has cash available, when and where it’s needed. Predictive analytics can forecast future financial scenarios with greater accuracy, contributing to risk management and strategic planning. Not anymore.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

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 It’s a predicament that started to emerge as far back as 2018.

Mergers and Acquisitions (M&A) 105

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

PYMNTS

SEPTEMBER 13, 2018

Bad weather, infestation, speculation: Such factors can not only mean survival or failure for farmers, but impact food prices and the larger global economy without any effort at hedging or risk management. Corporates tend to be more pragmatic and take risk off the table,” he said. dollar and other factors.

Currencies 40

Currencies Risk Management Economics eCommerce 40

PYMNTS

JULY 31, 2019

The Office of the Comptroller of the Currency (OCC) has announced that it’s going to realign about 150 staff members in two new units, the organization said in a press release. . The two units will consolidate bank supervision support, risk analysis, and oversight of national trust banks and important service providers.

Banking 59

Banking Risk Analysis Currencies Risk Management 59

Global Finance

OCTOBER 31, 2024

The People’s Bank of China (PBoC) conformed by cutting mortgage rates, injecting cash into the banking system, and easing reserve requirements. Meanwhile, banks across the country are responding to difficult times with an unprecedented wave of innovation. trillion) in assets. trillion) in assets.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Manufacturing Risk Management Construction 52

CFO Talks

AUGUST 29, 2024

What Is Treasury Management? Simply put, treasury management is about keeping a close eye on the company’s cash, debts, and risks. It’s making sure there’s enough money in the bank to cover expenses, paying off debts smartly, and protecting the business from financial hiccups.

Treasury 93

Treasury Cash Flow Forecasting Foreign Exchange Currencies 93

PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). A central bank has to be on top to create regulations.

Banking 96

Banking Risk Management Currencies Economics 96

PYMNTS

MARCH 26, 2020

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union. Over 40 countries have the ability to use the Western Union Mobile app.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

Future CFO

FEBRUARY 7, 2024

Treasurers need a comprehensive understanding of their exposures, including global risks and counterparty risks. 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

Planful

OCTOBER 25, 2016

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release.

Banking 64

Banking Risk Management Compliance Currencies 64

The Finance Weekly

OCTOBER 30, 2024

Fortunately, modern cash management solutions have stepped in to simplify these challenges, offering businesses the tools they need to stay on top of their finances. One of the major trends in this space is the ability to connect bank accounts seamlessly, providing real-time visibility into your financial status.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

Simply Treasury

JUNE 3, 2021

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. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

AUGUST 29, 2018

company holding money in euros is at constant risk of losing money: If the FX rate between the euros and the greenback falls, so do their profits. Fortunately, there is something businesses can control: a calculated, well-executed hedging strategy that can help mitigate FX risks. Key Findings Include: More than 75 percent of all U.S.

Currencies 40

Currencies Quantitative Data Valuation Economics 40

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

Banking 52

Banking Currencies Advertising Risk Management 52

PYMNTS

MAY 17, 2018

Wells Fargo on Thursday (May 17) was facing accusations that its employees altered customer data, this time in a business banking unit, according to The Wall Street Journal. The paper, citing unnamed sources, reported that bank employees “improperly altered information on documents related to corporate customers.”. It’s happened again.

Banking 58

Banking Currencies Risk Management Accounting 58

PYMNTS

MAY 24, 2018

FinTech linkups continue, where banks and smaller firms are helping their larger, usually traditional financial brethren navigate digital payments and technological challenges. In India, Infosys said that it has formed a blockchain with seven banks, to be known as India Trade Connect. The examples span the globe.

Banking 40

Banking Risk Management eCommerce Currencies 40

PYMNTS

SEPTEMBER 15, 2020

Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. Merchants didn’t realize how important it was to have a backup. A Single Digital EU Market.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

APRIL 26, 2017

In our CAB meetings, we focus on innovating solutions that can help eliminate regulatory and market challenges and plan for surprises, such as the financial crisis of 2008 or the recent political and currency volatility that we’re experiencing around the world today. Q: What keeps you up at night?

Risk Management 40

Risk Management Treasury Auditing Securities 40

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. While the cepo [currency controls] is in place, this won’t change. The governmental currency exchange control regime, cepo, severely restricts the amount of funds that can be taken out of Argentina.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

PYMNTS

JANUARY 5, 2017

ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan. 4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service.

Banking 40

Banking Risk Management Leverage Currencies 40

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability?

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

Marketing 97

Marketing Risk Management Currencies Banking 97

PYMNTS

MAY 17, 2018

Wells Fargo on Thursday (May 17) was facing accusation that its employees altered customer data, this time in a business banking unit, according to the Wall Street Journal. The paper, citing unnamed sources, reported that bank employees “improperly altered information on documents related to corporate customers.”. It’s happened again.

Banking 40

Banking Currencies Risk Management Accounting 40

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

CFO Leadership

MARCH 31, 2022

New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. Treasury professionals may now have to keep an overview on hundreds of bank accounts with different bank partners, in multiple currencies and in many countries around the world.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Global Finance

OCTOBER 10, 2024

Australia Michele Bullock: Too Early To Say Reserve Bank of Australia veteran Michele Bullock took the helm as the bank’s first female governor in September last year during intense soul-searching at the institution, which had come under critical scrutiny during the tenure of her predecessor, Philip Lowe.

Benchmarking 52

Benchmarking Foreign Exchange Forecasting Economics 52

PYMNTS

JUNE 18, 2020

Users receive an ID that works throughout “any payment network to transfer any currency” with PayID. The technology lets users move money sans routing, banking account or credit card number. legislators that digital currencies should have stricter supervision, CoinDesk reported.

Currencies 56

Currencies Risk Management Numbers Securities 56

PYMNTS

SEPTEMBER 6, 2016

One of Hungary’s largest banks, Erste Bank Hungary (EBH), is enhancing its electronic payment services by working more closely with partner ACI Worldwide. Tamás Foltányi, COO of Erste Bank Hungary, says ACI’s UP Retail Payments will lead to faster development and increase the implementation of instant payments.

Banking 40

Banking Risk Management Currencies Retail 40

PYMNTS

FEBRUARY 15, 2019

HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. Mark Williamson, chief operating officer of FX cash trading and risk management, told Reuters that HSBC processes from 3,500 to 5,000 trades a day on FX Everywhere, with trades now being worth $350 billion.

Foreign Exchange 63

Foreign Exchange Risk Management Startups Currencies 63

PYMNTS

MARCH 16, 2020

Western Union is partnering with Integral for a new risk management mechanism called Integral BankFX, according to a press release. The BankFX program will let Western Union exercise more control and automation over its programs, including a wide jurisdiction over the 10,000 currency pairs available through the system.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT.

Valuation 56

Valuation Leadership Risk Management Compliance 56

PYMNTS

MAY 28, 2018

It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. The deal is newsworthy because the mainstream view still sees banks and FinTechs as adversaries, each competing for payment and financial services revenue.

Banking 40

Banking Startups Risk Management Currencies 40

PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. government official and bank executive.

Risk Management 56

Risk Management Compliance Currencies Securities 56

PYMNTS

MAY 15, 2019

Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. Senator Elizabeth Warren , a presidential candidate, who fought him on the issue during a Senate Banking Committee hearing. “At

Risk Management 48

Risk Management Leadership Currencies Banking 48

VCFO

AUGUST 16, 2023

In 2020, banks worldwide were fined $10.4B To avoid such fines, banks are erring further on the side of caution – so much so that it’s affecting legitimate businesses and individual account holders. Actions banks are taking range from requiring customers to submit additional information to, in some cases, freezing or closing accounts.

Compliance 84

Compliance Banking Risk Management Currencies 84

Future CFO

MARCH 8, 2021

As a result, banks will no longer need to feed daily numbers in to Libor’s calculation from Jan 2022. According to the FCA, banks will have time — until June 2023 — to extricate themselves from US$200 trillion of contracts tied to Libor. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8

Benchmarking 52

Benchmarking Currencies Risk Management Banking 52