PYMNTS

SEPTEMBER 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX). FLEETCOR Buys AFEX To Boost Cross-Border Payments.

Foreign Exchange 89

Foreign Exchange Banking Nonprofit Valuation 89

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. The tool is aimed at improving speed, security, transparency and compliance. .

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

DECEMBER 27, 2020

The People's Bank of China criticized Ant on Sunday (Dec. The Chinese central bank's statement came after it had met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors, presented as a Q&A with PBOC vice governor Pan Gongsheng.

Concentration 90

Concentration Foreign Exchange Banking Valuation 90

PYMNTS

SEPTEMBER 22, 2020

No longer is open banking solely for consolidating financial information into a single platform for one end user. Acumatica Links Its ERP Into Bank Data. Integrated into its ERP solution, the new feature links electronic banking fees to corporate card spend, allowing for automated receipt creation. In the U.K.,

Banking 110

Banking B2B Foreign Exchange Currencies 110

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

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. The company secured the funding from an unnamed angel investor, reports said. million in new funding for U.K.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

JUNE 16, 2020

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes.

Sales 52

Sales Foreign Exchange Banking Restructuring 52

PYMNTS

DECEMBER 15, 2019

The Royal Bank of Scotland (RBS) is reimbursing 40 million pounds ($53 million) to about 730,000 customers after workers at the bank were found to be manipulating foreign money transfers to get more money for the financial institution, according to a report by The Guardian. The bank recently reached a $4.9

Foreign Exchange 52

Foreign Exchange Banking Securities Numbers 52

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

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. Terry Beadle , GTreasury’s global head of Corporate Development, said the combination would prove valuable.

Foreign Exchange 99

Foreign Exchange Treasury Currencies B2B 99

PYMNTS

SEPTEMBER 4, 2019

B2B Pay plans to roll out API-enabled banking services, the ability to create an unlimited number of International Bank Account Numbers (IBANs), credit card processing and solutions related to cryptocurrency. bank Barclays announced support for B2B Pay as part of its Tel Aviv Barclays Accelerator program. In 2016 U.K.

B2B 59

B2B Banking Foreign Exchange Pharmaceutical 59

PYMNTS

OCTOBER 23, 2019

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. BitPesa is a foreign exchange and cross-border payments platform that uses blockchain to settle transactions for corporates based in Africa.

Restructuring 40

Restructuring Foreign Exchange Securities B2C 40

Global Finance

JULY 26, 2024

In the Asia-Pacific region, geopolitical risks and supply chain diversification require contingency planning by corporates, and banking partners who can help treasurers mitigate foreign exchange risk to protect profit margins. It enables customers of different banks to make and receive domestic real-time payments.

Cash Management 52

Cash Management Treasury Foreign Exchange Concentration 52

PYMNTS

JANUARY 7, 2021

The suite gives corporate treasury and finance professionals a new level of visibility into banking transactions and connections, with a security measure no matter where it's accessed. The new marketplace will be available through the Fides Multibanking Suite web portal, the release stated.

Finance 88

Finance Foreign Exchange Treasury Transportation 88

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. SMBs that nearly half (48 percent) said they don’t believe technology will impact their business.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. Travelex’s network of branches continue to provide foreign exchange services manually.”.

Currencies 52

Currencies Foreign Exchange Banking Securities 52

PYMNTS

APRIL 16, 2019

Deutsche Bank is reportedly being pressured by European regulators to trim its U.S. investment bank further after years of concerns that the unit is too large and too unprofitable. investment bank should shrink. investment bank should shrink. Deutsche has already taken measures to reduce the size of the investment bank.

Investments 49

Investments Banking Foreign Exchange Securities 49

Future CFO

OCTOBER 30, 2023

Treasury activities, which cover money market operations, foreign exchange transactions, securities trading, and derivatives, generate a significant volume of data that are needed to be meticulously monitored and properly reported.

Treasury 52

Treasury Foreign Exchange Risk Management Compliance 52

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

Foreign Exchange 84

Foreign Exchange Currencies Securities Numbers 84

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. has secured $80 million in new funding at a $5.5 Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. In June, Revolut added American Express to its open banking platform.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

PYMNTS

JULY 7, 2017

Banks were once the great riverbed of financial activity. Today, the flow of cash is gradually being diverted through other, third-party channels because of services that are unavailable from banks. By the same token, having options creates insurance, because banks can have a Plan B in place.

Banking 73

Banking Foreign Exchange Securities Leverage 73

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.

Banking 52

Banking Foreign Exchange Startups B2B 52

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. It also analyzes how the pandemic is affecting the future of open banking in. the region.

Banking 66

Banking Planning Foreign Exchange Finance 66

PYMNTS

DECEMBER 4, 2020

That’s why we introduced a new, secure way to accept payments through websites, and we have enabled customers without an online presence to get paid fast through secure payment links,” said Revolut CEO and Founder Nik Storonsky. banking license in California. with interstate agreements, according to the unnamed source.

Foreign Exchange 73

Foreign Exchange Currencies Banking Securities 73

PYMNTS

MARCH 25, 2020

Australian corporate card provider Archa announced a collaboration of payment and open banking technology firm i2c to debut a new corporate credit card program in the country designed to address key pain points for small and medium-sized businesses (SMBs). Payhawk Explores Open Banking’s Biz Card Opportunity. ”

Mergers and Acquisitions (M&A) 46

Mergers and Acquisitions (M&A) Banking Foreign Exchange Risk Analysis 46

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

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. Open Banking Targets Corporates.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

NOVEMBER 3, 2020

The latest developments have to first be disclosed to investors, the exchange said. Last month at the Bund Summit in Shanghai, Ma gave a speech that admonished Chinese regulators for interfering too much with FinTech and banking. 2) to answer questions behind closed doors. More than 5 million people made orders in Shanghai for stock.

Foreign Exchange 67

Foreign Exchange Valuation Banking Securities 67

PYMNTS

FEBRUARY 20, 2018

India’s police took more action in their investigation of the loan scam at Punjab National Bank (PNB), arresting three more employees of the bank. 19), the country’s finance ministry blamed the Reserve Bank of India for failing to find the fraud , which took place in a branch of PNB in Mumbai, reported Reuters. On Monday (Feb.

Foreign Exchange 40

Foreign Exchange Banking Communication Finance 40

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

DECEMBER 29, 2020

Jack Ma’s Ant Group is considering moving all of its financial services units to a separate holding company that would be regulated like a bank, Reuters reported on Tuesday (Dec. China’s central bank told Ant on Sunday (Dec. 29), citing sources. 27) that it should revamp its business to focus on payments.

Foreign Exchange 65

Foreign Exchange Valuation Leverage Banking 65

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. The country’s parliament reportedly put forward a proposal to have digital currency as a part of foreign currency and “currency smuggling” rules already in place.

Foreign Exchange 59

Foreign Exchange Currencies Securities Numbers 59

PYMNTS

APRIL 12, 2019

FinTech gearing up to launch small business banking services. Also securing seed money this week is Buckzy Payments, a Canadian startup addressing friction in the cross-border payments space by linking payers to its own real-time international payments network. India corporate banking startup Cashfree announced $5.5 Back Office.

B2B 55

B2B Banking Foreign Exchange Startups 55

PYMNTS

OCTOBER 16, 2020

Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets. Kicking Free Of Correspondent Banking.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

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. Open banking and PSD2 initiatives in the U.K.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

AUGUST 16, 2018

The payment amount in XRP is settled over the XRP Ledger, then Bitso, through its Mexican peso liquidity pool, instantly converts the XRP into fiat, which is then settled into the destination bank account. Bittrex is one of the biggest names in digital asset trading in the U.S. The same goes for Bitso in Mexico and Coins.ph

Securities 40

Securities Foreign Exchange Currencies Accounting 40

Global Finance

JUNE 4, 2024

Security risk: Risk of terrorist attacks, intercommunal and religious tensions, violent crime, petty crime and credit card fraud. Has 26 bilateral investment promotion and protection treaties providing protection for foreign investment within the country. The World Bank projects GDP growth of 1.7% this year and 2.4%

Economics 105

Economics Currencies Restructuring Manufacturing 105