CFO News

MARCH 21, 2025

India's foreign exchange reserves increased by $300 million to $654.27 The Reserve Bank of India has been actively managing volatility through dollar sales and swaps to boost rupee liquidity amidst global economic uncertainties. billion as of March 14, reaching a more than three-month high.

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Global Finance

OCTOBER 31, 2024

Africa : UBA United Bank for Africa (UBA) is celebrating its 75th anniversary. million in pretax profits in 2023, and a presence in 20 markets on the continent and four global centers—empowering SMEs means fueling Africa’s economic development. The bank also ensures easy transaction processing through its UBA Afritrade and UBA Connect.

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PYMNTS

SEPTEMBER 20, 2020

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. Now, clients will be able to connect with more resources globally, the release stated.

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CFO News Room

FEBRUARY 4, 2022

The country’s foreign exchange reserves declined by USD 4.531 billion to stand at USD 629.755 billion in the week ended January 28, RBI data showed on Friday. FCAs tumbled by USD 3.504 billion to USD 566.077 billion, as per weekly data by the Reserve Bank of India (RBI).

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Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. in 2022, according to the International Monetary Fund’s July World Economic Outlook 2024.

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Global Finance

OCTOBER 10, 2024

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? Lkhagvasuren: As of July 2024, Mongolia’s foreign exchange reserves reached $4.7

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Restructuring Foreign Exchange Banking Transportation 75

PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

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Banking Foreign Exchange Invoicing Finance 95

PYMNTS

AUGUST 7, 2020

Many are demanding seamless, instant transactions that they can complete with their smartphones, but enabling these experiences comes with challenges, according to Vikram Dewan , chief information officer of Deutsche Bank ’s corporate banking division. Growing numbers of FinTechs are also forcing banks to innovate or be left behind.

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CFO News Room

NOVEMBER 1, 2022

I doubt that many among our readers hold central banks in high esteem, save perhaps the researchers and data compliers who soldier away and provide useful information and even sometimes provocative analyses. Some economic historians insist it was “to promote the interests of commercial banks, rather than economic recovery”.

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PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

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PYMNTS

JUNE 15, 2020

In addition, the release says the partnership will allow for more visibility on bank fees and better payment routing through the use of Goldman’s advanced machine learning techniques. Joining forces with Goldman Sachs makes it simpler, more transparent, and more economic for customers to make payments.”.

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CFO News Room

JANUARY 25, 2023

In the early days of the COVID pandemic, the Federal Reserve and central banks around the world pulled out all the stops. A prime example of those are small banks that face considerable and/or unpredictable seasonal business fluctuations. It began with a massive conventional war in southern Europe, which led to rising global tensions.

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Global Finance

SEPTEMBER 3, 2024

Ghana’s decision to exclude international banks from funding cocoa production may have opened opportunities for its domestic financiers and traders to invest in the sector, but analysts fear that the move leaves the country’s currency, the Cedi, vulnerable to weakening.

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Foreign Exchange Currencies Education Manufacturing 75

PYMNTS

DECEMBER 16, 2020

“We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said Raghu Yarlagadda, FalconX CEO and co-founder, in the release. Meanwhile, banks in Malta are skeptical of jumping on the blockchain bandwagon, according to Cointelegraph.

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Global Finance

JUNE 4, 2024

Since then, Rajapaksa’s successor, President Ranil Wickremesinghe has presided over yet another tentative economic recovery. Sri Lanka has always held great potential for economic development, say experts; and this latest recovery again offers attractive prospects for outside investors. The World Bank projects GDP growth of 1.7%

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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.

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PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. In today’s challenging economic environment, I am pleased to continue our expansion into a prime market that aligns with our strategic growth plans,” Dowd said in a press release.

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PYMNTS

SEPTEMBER 1, 2020

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. The goal is to help get payments out to those who need financial aid due to the pandemic's economic effects.

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PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. We've suffered losses with the company. Treasury is in the middle of upgrading our FX infrastructure,” she said.

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Healthcare Treasury Foreign Exchange Economics 98

PYMNTS

APRIL 5, 2016

Uphold isn’t a bank, and it’s aiming to disrupt the traditional financial services industry. Last week, Uphold announced a partnership with India’s IDFC Bank, a move that allows Uphold’s business and consumer customers to conduct cross-border transactions to and from the home of the world’s fastest-growing economy.

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Banking Foreign Exchange Currencies Forecasting 73

PYMNTS

SEPTEMBER 17, 2018

Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. According to a report in Reuters citing Turkey’s central bank, the rate is going to 2.5 percent for foreign exchange transactions. percent for foreign currency ones.

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CFO News Room

FEBRUARY 4, 2022

labor market boosted investors’ expectations that central banks will begin steadily raising interest rates to fight inflation. Yields, which rise as prices fall, began climbing in Europe after European Central Bank President. Carsten Brzeski, global head of macro research at Dutch bank ING. The benchmark 10-year U.S.

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Global Finance

JULY 29, 2024

Will Fed rate cuts and geopolitics fuel more M&A deals by GCC banks? Banks in the six-member Gulf Cooperation Council (GCC) are set to reap further gains as higher oil prices, increased public-sector spending, and red-hot real estate markets combine to generate a heady lending environment. surge in quarter-on-quarter profits.

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PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Open banking and PSD2 initiatives in the U.K. Beyond Payments Initiation. A Holistic Approach.

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Finance Foreign Exchange Currencies Banking 69

PYMNTS

JUNE 4, 2019

The new offering also means that Mastercard has offered a single framework for consumer cards across all 31 European Economic Area countries, said reports. Other functions span foreign exchange and remittances. The interactions may spur collaborative efforts between banks and FinTech firms.

Foreign Exchange 76

Foreign Exchange Banking Startups Economics 76

PYMNTS

DECEMBER 4, 2020

The acquiring solution will eliminate the need for businesses to alternate and reconcile between acquiring and banking platforms. Funds can be kept in the original currency or converted at the interbank rate to help save on foreign exchange costs, the company said. banking license in California.

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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.”

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Cash Management Treasury Compliance Banking 93

PYMNTS

NOVEMBER 28, 2018

banks are looking to prepare business clients ahead of Brexit in anticipation for tightened access to financing, Reuters reported on Tuesday (Nov. In anticipation, banks have reportedly extended credit to corporate clients early and have begun to sell insurance to mitigate the risk of foreign exchange (FX) volatility.

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PYMNTS

APRIL 30, 2018

Hopes for the Bank of England to raise interest rates have been dashed after new data showed weaker economic growth for the country, reports said. The Bank of England is meeting next week to discuss a possible rate hike, which would be only its second since the 2008 financial crisis, Reuters said. “No

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Economics Foreign Exchange Currencies Banking 40

Simply Treasury

JUNE 3, 2021

API’s have shown the use banks and corporates can make out of them. The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk.

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Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. If you want to look at overall global GDP or global trade or any other measure, foreign exchange is about 14 to 15 times larger,” he said.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing Forecasting 76

Global Finance

OCTOBER 10, 2024

Belarus Pavel Kallaur: N/A With Belarus’ economy increasingly integrated into that of Russia, it makes perfect sense for the National Bank of the Republic of Belarus (NBRB) to proceed with plans to introduce a digital Belarusian ruble linked to the Russian currency. this year, going up a little to 6.5%

Economics 98

Economics Currencies Forecasting Banking 98

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool.

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Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. For the better part of 30 years, Argentina has been making economic headlines for the wrong reasons. CONS Weak fiscal accounts and dependence on International Monetary Fund financing.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

PYMNTS

JANUARY 16, 2020

Small to medium-sized businesses (SMBs) need more support from their banks than ever to handle today’s increasingly fragmented global economy. Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations running smoothly.

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Banking Foreign Exchange Startups B2B 52

PYMNTS

AUGUST 18, 2016

Earlier this week, for instance, Hitachi Capital Invoice Finance pointed to threats within global supply chains stemming from the economic uncertainty over Brexit. Foreign exchange payments and hedging company Global Reach Partners (GRP) might be one of them. But for some financial service providers, Brexit means opportunity.

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Foreign Exchange Banking Invoicing Finance 40

Global Finance

JULY 26, 2024

Despite a generally positive outlook, foreign exchange risks remain. Bank of America , the winner of the Best Bank for Transaction Banking and Best Bank for Collections awards, has been present in Latin America for 78 years.

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Cash Management Treasury Foreign Exchange Concentration 52