PYMNTS

OCTOBER 11, 2016

Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble for FX brokers. ” Now, reports say there could be fallout from the Treasury’s decision, especially with FX brokers.

Treasury 57

Treasury Financial Systems Banking Securities 57

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

Global Finance

JULY 26, 2024

Rapid treasury transformation has been afforded a boost thanks to the regional drive for real-time payments and application programming interfaces (APIs). FAB wins two awards this year, as Best Bank for Transaction Banking and Best Bank for Long-Term Liquidity Management. in 2023 but is forecast to pick up again to 3.6%

Cash Management 52

Cash Management Treasury Cash Flow Forecasting Forecasting 52

PYMNTS

JANUARY 13, 2021

Citi has named Shahmir Khaliq as its new head of Treasury and Trade Solutions (TTS), according to an internal memo from Paco Ybarra , global head of Citi’s Institutional Clients Group (ICG), which noted that the appointment is effective immediately. He rejoined Citi Pakistan (Banking) in 1995.

Treasury 52

Treasury Cash Management Education Economics 52

Future CFO

JANUARY 21, 2021

Well-oiled and prepared businesses survived (and some thrived), with many companies taking defensive financial positions and granular control over liquidity. As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Changing the Treasury-IT conversation.

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Treasury Foreign Exchange Currencies CFO 52

PYMNTS

JULY 13, 2020

The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Department of Treasury, told the newspaper he was not prepared to revisit the fundamentals of bank regulations as a result of the pandemic.

Banking 68

Banking Currencies Treasury Financial Systems 68

PYMNTS

MAY 16, 2016

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. It’s changed the game, not only for corporate clients but for the FinTech players developing and offering these treasury solutions.

Treasury 41

Treasury Cash Management Accounts Payable Banking 41

PYMNTS

OCTOBER 29, 2020

Veteran Citi executive Naveed Sultan will lead the financial giant’s efforts to advise governments and other clients on digitization in a new role as chairman of its Institutional Clients Group, the bank announced in an internal memo on Thursday (Oct.

Treasury 73

Treasury Leadership Financial Systems Banking 73

CFO News Room

JANUARY 18, 2023

The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. Deputy Treasury Secretary. authorities designated cryptocurrency exchange Bitzlato Ltd. Lisa Monaco.

Treasury 100

Treasury Compliance Financial Systems Finance 100

CFO News Room

NOVEMBER 18, 2022

Why this new book, focusing on central banks and their influence? Nomi Prins: Since the financial crisis, one of the themes in my books is money and power. LP: You place the roots of this trouble in 2008, a year which, you point out, increased the power of central banks. economy and Wall Street.

Banking 100

Banking Economics Leverage Marketing 100

PYMNTS

MARCH 26, 2019

billion acquisition of treasury management technology firm Kyriba , according to Private Equity News reports on Monday (March 25). That partnership was made possible by Kyriba’s global connectivity hub, which aims to link financial systems to treasurers for integrated, automated treasury management processes.

Treasury 66

Treasury Valuation Financial Systems Banking 66

PYMNTS

JUNE 19, 2019

Facebook’s Libra is supported by upwards of two dozen companies and groups, including Uber and Mastercard, but Facebook acknowledges that it needs the regulatory approval of governments and existing systems in order to move forward. The currency, Facebook said, would be backed by existing currencies and hard assets.

Treasury 77

Treasury Currencies Financial Systems Finance 77

PYMNTS

MAY 15, 2019

Earthport offers cross-border payment services to banks, money transfer service providers and other businesses through the largest independent ACH network. … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. That’s what we are driving [toward].

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

JANUARY 13, 2021

Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Challenge And Opportunity For Lenders.

Banking 52

Banking Treasury Risk Management Financial Systems 52

PYMNTS

JULY 30, 2019

has upheld the decision by a lower court to hold three Chinese banks in contempt for not turning over information requested in a subpoena, according to a report by the Financial Times. The banks were asked to provide information about North Korea and its moves to avoid sanctions from the U.S. An appeals court in the U.S.

Banking 40

Banking Treasury Communication Financial Systems 40

PYMNTS

JULY 11, 2019

Libra has drawn scrutiny from regulators and governments worldwide, who all share similar concerns regarding money-laundering and privacy issues, as well as the effect the currency could have on the traditional financial system. Libra also caught the attention of The BoE, the U.K.

Financial Systems 69

Financial Systems Treasury Currencies Banking 69

PYMNTS

FEBRUARY 15, 2018

Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. Department of Justice (DOJ), said were violations of the Bank Secrecy Act. Bank to the U.S. Banks in the U.S.

Banking 43

Banking Currencies Treasury Financial Systems 43

PYMNTS

JULY 16, 2019

However, before Venezuela could move its transactions onto the new platform, approval from Russia’s central bank is required. Bloomberg reported that press officials for the Venezuelan and Russian central banks didn’t immediately comment, while SWIFT declined to comment. But the U.S. Mnuchin at the time.

Treasury 55

Treasury Currencies Financial Systems Finance 55

Simply Treasury

JANUARY 19, 2023

The European Market Infrastructure Regulation is an EU regulation aimed at reducing systemic counterparty and operational risk and thereby prevent future financial system collapses. bank guarantees, other equity assets even if weighted, etc.) and in limiting the amount of collateral. Isn't that the best advice to give?

Foreign Exchange 100

Foreign Exchange Treasury Risk Management Financial Systems 100

PYMNTS

APRIL 11, 2019

Kyriba , the cloud treasury and finance services company, announced on Thursday (April 11) that it closed a $160 million growth round of funding led by Bridgepoint, the private equity firm. Kyriba sits at the center of this shift and is well-positioned to help enterprises transform their treasury capabilities.”

Treasury 53

Treasury Financial Systems Investments Finance 53

PYMNTS

APRIL 3, 2020

Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Department of the Treasury is reminding lenders to be on the lookout for fraud as the coronavirus grips the nation. Bank, a subsidiary of U.S.

Compliance 56

Compliance Treasury Financial Systems Banking 56

PYMNTS

OCTOBER 19, 2016

A new report by Deutsche Bank and the Economist Intelligence Unit (EIU) explored how financial managers are handling the changing winds of the economy and found that macroeconomic conditions are now top of mind as treasurers fight to grow their businesses. .

Treasury 70

Treasury Prioritization Economics Leadership 70

PYMNTS

FEBRUARY 27, 2019

Corporate treasury and cash management solutions provider Kyriba is linking its business users to faster payments functionality through a new collaboration with Citi. 26), Kyriba said it is integrating with Citi via API to allow clients to access their Citi accounts directly from their treasury platform.

Accounting 40

Accounting Treasury Financial Systems Cash Management 40

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

AUGUST 15, 2019

This would enable recipients to see detailed payroll information when viewing their personal bank account balances. ISO 20022 supports interoperability between various financial systems, an important factor as a rising number of major players are adopting the standard and pushing other FIs to follow suit. Hurdles And Supports .

Treasury 58

Treasury Prioritization B2B Compliance 58

PYMNTS

JUNE 25, 2020

The Jacksonville-based FIS said in a press release that its new AML system will draw upon “machine learning and artificial intelligence (AI)” to detect suspicious transactions, alert financial institutions (FIs) and arm “bank investigators with detailed, transparent intelligence.”. Department of the Treasury.

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Compliance Treasury Financial Systems Numbers 58

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. In essence, nobli functions as a Credit-as-a-Service provider.

Financial Systems 54

Financial Systems Startups Banking Treasury 54

PYMNTS

JULY 16, 2018

Citi announced Monday (July 16) the launch of Citi Payment Insights, a new service that gives institutional clients access to real-time payment information and the ability to action payments on demand via the CitiDirect BE electronic banking platform.

Cash Management 44

Cash Management Treasury Financial Systems Banking 44

Future CFO

JUNE 7, 2020

“No single region or country source dominates,” the central bank noted, adding that those media reports are incorrect. According to a Reuters report on June 5 , foreign-currency deposits at banks in Singapore almost quadrupled to a record S$27 billion in April from a year ago. billion (US$44.37 billion (US$44.37

Currencies 40

Currencies Treasury Financial Systems Banking 40

PYMNTS

APRIL 7, 2020

Although Treasury Secretary and architect of the massive stimulus package Steven Mnuchin worked hard to reassure SMB owners that despite difficulties in applying to the program on the first day, saying per NBC , “They shouldn’t worry about it. Melissa Perri, CEO of New York’s Produx Lab was somewhat more pointed in her criticism of her bank.

Banking 57

Banking Startups Healthcare Treasury 57

PYMNTS

AUGUST 1, 2018

financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. She said the “pragmatic recommendations” included in the report would make the financial system work better for entrepreneurs, no matter their business size or geographic location.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To The Economic Crime Plan from H.M. It also includes £6.5

Economics 40

Economics Planning Treasury Financial Systems 40

PYMNTS

AUGUST 5, 2019

To that end, the Financial Crimes Enforcement Network (FinCEN), part of the US Department of the Treasury, has estimated that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016. Legitimate requests to update bank account information are routine.

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Construction Invoicing Treasury Manufacturing 43

PYMNTS

OCTOBER 18, 2018

The latest boost to the federal fund rate, which is the amount that is levied on banks as they lend money to one another, came at the end of last month. The other issue when we see a sell-off like this is … a repricing of [Treasury bills (T-bills)]. Interest In Interest Rates, Trading On Trade Wars. percent, up 25 basis points.

Marketing 62

Marketing Economics Treasury Forecasting 62

PYMNTS

APRIL 16, 2016

The United States Treasury department loves Hamilton so much — or is at least sufficiently terrified of Hamilton’s dangerously fanatical fan base — that it has decided that maybe the $10 bill doesn’t actually need a woman on the front. Thomas Jefferson Legitimately Hated Banks.

Treasury 40

Treasury Banking Currencies Financial Systems 40

PYMNTS

JANUARY 23, 2018

So, while the FinTech industry remains fixed on killing the paper check, fewer players are concerned with how to address ongoing points of friction for financial institutions that are still flooded with paper. Superior Press , a treasury management solution provider for commercial banks, is acting on that need.

B2B 43

B2B Treasury Banking Financial Systems 43

PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. bank account simply using a debit card. Western Union just put its toe in the bitcoin/blockchain waters.

Currencies 42

Currencies Auditing Securities Finance 42