PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

JANUARY 16, 2019

based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. based self-employed professionals face in their financial management and banking operations. Coconut , a U.K.-based

Invoicing 51

Invoicing Foreign Exchange Accounting Banking 51

PYMNTS

JULY 9, 2019

In another solution aimed at bank account consolidation, Neo announced today (July 9) that it is expanding its foreign exchange services to include the launch of a multi-currency account after receiving clearance by the Bank of Spain. Open Banking Opportunity. The FX Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

DECEMBER 2, 2020

Meanwhile, Aareal Bank launches a new B2B payments platform, Cobase teams up for FX and eCapital acquires a commercial lender. Germany's Aareal Bank Group Rolls Out B2B Payment Platform. Germany's Aareal Bank Group Rolls Out B2B Payment Platform. Sage Teams With Satago To Help SMBs Manage Cash Flow. 1) announcement. and Canada.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

SEPTEMBER 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers. Additionally, SBM customers can get preferential personal banking services, such as better rates on savings accounts with monthly interest payouts and competitive foreign exchange rates, the bank said. .

Banking 60

Banking Foreign Exchange Invoicing Securities 60

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire’s background in the healthcare and education space, along with its existing invoicing system, helped assist these businesses in new ways.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

AUGUST 11, 2020

The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement. Business can also see the current payment status on bills, with invoices automatically categorized as paid after clients pay them.

Accounting 65

Accounting Foreign Exchange Invoicing Currencies 65

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Direct Competition.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

OCTOBER 26, 2018

raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreign exchange solutions, with its eye fixed on exporters. Businesses across Asia, South Africa, the U.K.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

OCTOBER 28, 2020

OpenEnvoy Launches To Provide B2B Invoice Auditing. To help businesses only pay for what they have agreed to buy, OpenEnvoy has been established to offer invoice auditing without intervention. OpenEnvoy contrasts invoices to originating proposals, purchase orders, estimates or bids. 27) announcement.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

DECEMBER 1, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Cobase works in cloud-based corporate multi-banking solutions while Ebury is backed by Santander Bank and works in cross-border tech and financial management.

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

PYMNTS

NOVEMBER 16, 2020

One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. A B2B invoice may be issued and paid in one currency, but the recipient of those funds has to convert that money into their local currency. Across Asia, Theaud explained, invoices are often issued in U.S.

Foreign Exchange 56

Foreign Exchange Currencies B2B Manufacturing 56

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions.

Foreign Exchange 52

Foreign Exchange B2B Currencies Invoicing 52

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. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing Forecasting 76

PYMNTS

DECEMBER 4, 2019

The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually embraced the new market entrants with partnerships and acquisitions to bolster their own small business lending activity. The High Street Bank Alternative.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

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. The bank believes it creates analyses and summaries that are faster and more bias-free than traditional analyses.

Construction 109

Construction Compliance Cash Management Treasury 109

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. Hitachi Capital Invoice Finance said alternative lenders and trade finance players could stand to gain from the situation, for example.

Foreign Exchange 40

Foreign Exchange Banking Invoicing Finance 40

PYMNTS

JUNE 7, 2018

THG corporate clients will have access to CIS’s automatic, electronic payment solutions to support payment of utility invoices, the firms said. CSI will deploy its CSI Paysystems payments platform into THG’s Energy Intelligence Software (EIS), a B2B service that enables businesses to manage utility data and invoices.

Foreign Exchange 51

Foreign Exchange Invoicing B2B Education 51

PYMNTS

OCTOBER 8, 2020

Berlin's Mambu is partnering with New Zealand digital lending platform Ranqx , which will use Mambu's API-first digital banking platform to provide digital lending experiences, loan origination, decisioning and monitoring for small- to medium-sized businesses (SMBs), according to a press release.

Foreign Exchange 56

Foreign Exchange B2B Invoicing Banking 56

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.

Cash Management 52

Cash Management Treasury Foreign Exchange Concentration 52

PYMNTS

JULY 9, 2020

For others, including AeroPay and Oxbury Bank, the journey involves adding value onto existing rails. The tool enables companies to make payments using their commercial card, while InstaReM receives funds from that card payment, then passes them through to the supplier via bank transfer. ” AeroPay Elevates The Bank Transfer. .

B2B 77

B2B Foreign Exchange B2C Banking 77

PYMNTS

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. With high transaction values and sellers across borders, these purchases would traditionally take several days to complete.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

JULY 8, 2020

To provide platform clients a greater ability to grow and be transparent with global payments, cloud banking company Mambu and B2B cross-border technology firm Currencycloud have joined forces with an integration, according to an announcement. It is an exciting partnership as we develop our offering and continue to innovate together.”

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

PYMNTS

JUNE 11, 2020

The product lets users automate the intake, handling and approval of invoices from different parts of the globe harnessing the same technology and process utilized for domestic bills, according to a Thursday (June 11) announcement. Prior to that time, he worked for Fifth Third Bank and U.S. Bank in product management positions.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

Simply Treasury

SEPTEMBER 9, 2020

Today, not being of " investment grade " quality is an enormous handicap in the bank lending market. By arranging facilities that exactly match their bank lending needs with a minimum of financial cushioning, firms will reduce their financing costs and their costs of arranging lines of credit ("commitment fees").

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

JULY 26, 2016

Small business banking firm Tide positions itself as the “world’s first” mobile-first banking tool for SMEs and boasts its speedy services for small businesses looking to set up a bank account. company charges 20p for every bank payment made. Reports highlighted that Tide is not a bank , though.

Banking 40

Banking Foreign Exchange Invoicing Accounting 40

PYMNTS

MARCH 23, 2020

Facilitating cross-border payments can be problematic for businesses and their partner banks, especially as real-time payment platforms become more popular. These workers will likely still expect fast payments regardless of the markets in which their employers are based. The cross-border payment problem .

Foreign Exchange 61

Foreign Exchange Currencies Valuation Invoicing 61

PYMNTS

FEBRUARY 5, 2020

As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. might take an Excel file out of a performance measurement system and upload the file to its bank. Typically, McGuire stated, a firm operating only in the U.S.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

Reval

JUNE 13, 2017

According to Kerry Logistics Group Treasurer Eddie Mak, Kerry’s previous spreadsheet and paper-based invoicing process for tracking and reconciling intercompany transactions took much manpower for little gain. “We Using Reval, Kerry Logistics increased the transparency and processing time of its intercompany netting operations.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Invoicing 52

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

NOVEMBER 16, 2018

The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders. The company makes FX rates and fees clear, and said its service is cheaper than making cross-border payments through bank providers.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

NOVEMBER 24, 2019

Cross-border payments processing company Veem has announced that it is offering locked exchange rates for foreign exchange payments. The feature will allow small businesses to lock in an exact exchange rate for up to 92 days in advance for incoming or outgoing payments scheduled during that time.

Foreign Exchange 45

Foreign Exchange B2B Invoicing Budgeting 45

PYMNTS

OCTOBER 7, 2016

India is the world’s largest remittance market, $69 billion, according to the World Bank. As well, Bank of China just signed deal with Mauritius and opened a new headquarters.”. Earlier, Bates had stated that Mauritius could become “ Blockchain Valley ” because the country has the largest bank in Africa.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

DECEMBER 21, 2020

The company’s core business is to enable businesses to access payment or collection of major expenses using credit cards where cards are not accepted, such as to pay rent, tax, invoices and payroll. CardUp’s business model is charging the card for payment and delivering funds to the end supplier’s bank account through bank transfer.

B2B 70

B2B Foreign Exchange Accounts Payable Invoicing 70

PYMNTS

JULY 26, 2019

With correspondent banking relationships on the decline, financial institutions are looking for new — and faster — ways of moving money around the world, too. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely. Preparing Banks And Businesses.

Foreign Exchange 64

Foreign Exchange B2B Banking Prioritization 64

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. billion in hidden bank fees related to cross-border transacting. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43