Global Finance

OCTOBER 10, 2024

Azerbaijan Taleh Kazimov: B+ Central bank Governor Taleh Kazimov, in office since 2022, had a boost in July when Fitch Ratings upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. In September, the PBoC cut its benchmark seven-day interest rate by 20 basis points to 1.5%

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

CFO News Room

FEBRUARY 4, 2022

The benchmark 10-year U.S. The spread between the Italian bond yield and the German benchmark, considered a barometer of financial stress in the region, rose to its highest level in over 18 months. . Government bond yields surged world-wide after a strong report on the U.S. It was at 1.25% at the start of the week. on Friday.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

PYMNTS

MARCH 31, 2017

While the debate stems from differing ideologies on block size , the controversy calls into question the ability of a digital currency without a central authority to update and innovate itself in any meaningful way. Earlier this week, digital currency exchange startup ShapeShift announced the close a $10.4

Currencies 65

Currencies Benchmarking Startups Securities 65

Musings on Markets

AUGUST 15, 2023

I was reminded of that paper a few weeks ago, when Fitch downgraded the US, from AAA to AA+, a relatively minor shift, but one with significant psychological consequences for investors in the largest economy in the world, whose currency still dominates global transactions.

Investments 98

Investments Currencies Treasury Hurdle Rate 98

Global Finance

APRIL 5, 2025

In the debt business, the bank posted a commanding 40% of Polish market transactions, having participated in the arrangement and placement of all the major bond deals in the local market, including all benchmark transactions for key domestic corporates.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Investments Banking Finance 52

Future CFO

NOVEMBER 7, 2019

The Bank of Thailand has recently cut its benchmark interest rate again. Thai investors can trade gold in foreign currencies. Down by a quarter-percentage point, the key rate is now at 1.25%. It was the country's second cut in three months to rein in the stronger Baht, which has gained more than 8% again the US dollar in the past year.

Benchmarking 52

Benchmarking Currencies Investments Securities 52

Global Finance

JUNE 4, 2024

That’s because the main driver of currency devaluation was the country’s ballooning debt, accentuated by a 50% interest rate benchmark. In Argentina’s case, lowering interest rates appears to have helped dampen consumer price rises.

Benchmarking 59

Benchmarking Currencies Economics Planning 59

Future CFO

MARCH 8, 2021

The decision follows a consultation in Dec 2020 led by ICE Benchmark Administration, which compiles and oversees the daily rate. Like the case in other currencies, the US replacement is also a new rate instead of an enhanced existing rate. 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

CFO Talks

JULY 4, 2024

For instance, retail businesses need to benchmark their payment solutions against industry standards and customer expectations to ensure seamless and efficient transactions. Key Takeaway: CFOs should develop strategic plans for the integration of digital currencies into their financial systems.

CFO 52

CFO Strategic Planning Currencies Prioritization 52

PYMNTS

MARCH 15, 2020

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. The new rate will now be targeted at 0.0 percent to 0.25

Benchmarking 57

Benchmarking Currencies Banking Economics 57

PYMNTS

MARCH 15, 2020

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. The new rate will now be targeted at 0.0 percent to 0.25

Benchmarking 56

Benchmarking Currencies Banking Economics 56

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

JULY 29, 2019

and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and put rising pressure on the currency, according to a report by The Wall Street Journal. This looks like intervention,” said Thomas Flury, global head of currency strategy at UBS Wealth Management. “It francs per euro, which many analysts say is a benchmark.

Foreign Exchange 46

Foreign Exchange Benchmarking Currencies Banking 46

Future CFO

SEPTEMBER 1, 2019

The Monetary Authority of Singapore (MAS) has set up a steering committee to oversee an industry-wide interest rate benchmark transition from the Singapore dollar (SGD) Swap Offer Rate (SOR) to the Singapore Overnight Rate Average (SORA), in response to the discontinuation of the use of Libor (London Inter-bank Offered Rate) in Dec 2021. .

Benchmarking 40

Benchmarking Accounting Standards Currencies Accounting 40

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. in August and annual GDP growth projected at 2.1%. in 2024 and 1.5%

Economics 98

Economics Currencies Forecasting Banking 98

VCFO

JANUARY 27, 2022

Consider whether setting up credit cards and/or the ability to take payment in alternative currencies is advantageous for your business if it accelerates payment. It is imperative to incorporate periodic (and for key employees, frequent) updates to salary benchmarking studies and hourly pay benchmarking. Fix Your Debt.

Benchmarking 78

Benchmarking Restructuring Leadership Planning 78

PYMNTS

AUGUST 7, 2019

The case could end up being a benchmark for how digital offerings will be defined moving forward. Part of the back and forth between the two parties is the SEC’s allegation that Kin needed to be a registered offering, but Kik said a consultant told them that because Kin was a “community currency,” that would not be required.

Benchmarking 46

Benchmarking Currencies Securities Investments 46

PYMNTS

MARCH 21, 2019

There are plans to support more digital currencies and fiat purchasing options in the future. Binance Lite Australia further expands digital currency adoption by providing easier ways to buy bitcoin. We firmly believe that more adoption will lead to more innovation and more economic opportunities.”.

Benchmarking 46

Benchmarking Currencies CFO Economics 46

PYMNTS

FEBRUARY 20, 2020

The daily calculated bank-to-bank interest rate is a benchmark for trillions of U.S. Quarles also outlined the meeting priorities in the letter, and noted that G20 needs “a smooth transition” to a world after the London Interbank Offered Rate (Libor), which is being phased out by the end of 2021. dollar-denominated contracts and loans.

Education 77

Education Benchmarking Banking Finance 77

PYMNTS

FEBRUARY 22, 2018

The data and analytics tool, through Vantiv (now Worldpay, which processes 40 billion transactions annually across more than 300 payment types spanning 146 countries and 126 currencies), offers banking stakeholders immediate access to insights tied to credit and debit card portfolios, viewed through a single dashboard.

Benchmarking 47

Benchmarking Currencies Banking Technology 47

PYMNTS

AUGUST 24, 2017

In a sense, digital currencies began via online payments, which have then shifted into the creation of cryptocurrency like bitcoin, Ethereum and dogecoin. Cryptocurrencies are far more like a commodity (limited supply) than fiat currency (governments create more supply all the time), Horadan said. “It

Currencies 46

Currencies Benchmarking Finance Retail 46

PYMNTS

APRIL 6, 2018

In investment news, Chainalysis has notched $16 million in Series A funding from Benchmark , TechCrunch reported. As a result, investors may feel pressure to sell those assets – and the market could see a large outflow from digital currencies to the U.S. dollar before the April 15 tax filing deadline.

Benchmarking 41

Benchmarking Currencies Investments Marketing 41

Global Finance

SEPTEMBER 9, 2024

Currency: koruna. The benchmark interest rate, currently at 4.5%, is likely to be cut further over the rest of 2024. VITAL STATISTICS Location: Central Europe Neighbors: Austria, Slovakia, Poland, Germany Capital City: Prague Population (2021): 10.6 expected in 2024, 2.5% in 2025 Inflation (2024): 2% Unemployment rate: 3.7%

Manufacturing 97

Manufacturing Transportation Investments Economics 97

PYMNTS

JANUARY 4, 2017

With [the] power of technology and innovation at scale, we aim to become a benchmark in [the] world of banking.”. The move on the part of Paytm to launch a bank comes at a time when Indians are reeling from a cash crisis after the prime minister banned high-denomination currency from the system as a way to clamp down on fraud.

Banking 47

Banking Benchmarking Currencies Planning 47

Global Finance

FEBRUARY 4, 2025

The cloud-based platform provides the most competitive funding, a standardized contract approach, a supplier-onboarding tool, and a centralized view of all the companies programs and suppliers in all locations and currencies simultaneously.

Finance 52

Finance Invoicing Banking Manufacturing 52

PYMNTS

MARCH 3, 2017

2) that results from its Risk Management analysis , provided by its Citi Treasury Diagnostics benchmarking solution, suggest corporate treasurers’ approach to FX risk mitigation have remained largely unchanged “despite unprecedented recent market conditions.”. The bank said Thursday (Mar. Yet, status quo prevails. “The

Treasury 40

Treasury Risk Management Benchmarking Currencies 40

PYMNTS

APRIL 1, 2019

Uber is often seen as a benchmark for technological innovation, particularly when it comes to trends like the gig economy and on-demand services. At the foundation of these changes, he said, is the cloud. Uber-izing SCF. Yet, according to Clemons, Uber has laid the groundwork for a sort of data ridesharing ecosystem.

Finance 73

Finance Accounts Payable Invoicing Benchmarking 73

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches.

Investments 59

Investments Compliance Education Benchmarking 59

PYMNTS

MARCH 6, 2018

New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cash management provider. Only 13 percent said they decreased the number of cash management solution providers with which they were working.

Banking 43

Banking Treasury Benchmarking Cash Management 43

PWC UK

JANUARY 26, 2021

  Firstly in December 2020, ICE Benchmark Administration (IBA) LIBOR’s administrator, issued a consultation on its intention to cease the publication of GBP, EUR, JPY and CHF LIBOR, as well as one-week and two-month tenors of USD LIBOR after 31 December 2021.

Treasury 52

Treasury Benchmarking Risk Management Currencies 52

PYMNTS

MARCH 6, 2020

Libra’s Stumbles, Coronavirus Gains Show Pitfalls of a ‘Global’ Currency. In the age of Libra, in a new decade where at least some central banks are looking into their own fiat issued in bits and bytes, would a global currency set the stage for relative calm?

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

DECEMBER 1, 2016

According to a LinkedIn study , more than a third of millennials are already envisioning a cashless society, which includes no physical currency used in any transactions. In Europe, there are several initiatives, such as in Sweden, to accelerate the shift away from physical currency, so this trend is bound to accelerate.”.

Currencies 48

Currencies Benchmarking Technology Banking 48

PYMNTS

MAY 27, 2016

Some of the world’s largest financial institutions have banned together to combat rising skepticism over the world’s foreign exchange market, a move that follows billions of dollars in fines issued to banks for their alleged roles in manipulating benchmark rates and exchanging sensitive information.

Foreign Exchange 40

Foreign Exchange Benchmarking Communication Currencies 40

PYMNTS

NOVEMBER 22, 2019

That estimation comes from analytics firm Credit Benchmark. High leverage and riskier debt, amid trade and currency risks, makes for a dangerous mix. The scenario comes to mind in the wake of news that default probability risk is increasing among companies owned by private equity firms. That compares unfavorably with the 2.3

Leverage 43

Leverage Benchmarking Restructuring Currencies 43

PYMNTS

JULY 20, 2016

There’s a benefit here: Should the reservations rest below that average benchmark, the corporate travel department can bestow Expensify Rewards. The fact that Price to Beat also operates across currencies (as does ReceiptBurner) takes guesswork out of calculated savings.

Benchmarking 40

Benchmarking Currencies Numbers Accounting 40

Global Finance

OCTOBER 10, 2024

The Central Bank of Bolivia (BCB) maintains the currency (the boliviano) pegged to the US dollar, helping to keep inflation in check. Last February, Fitch downgraded Bolivia’s long-term foreign currency issuer default rating (IDR) to CCC from B-. The IMF has been very critical of introducing bitcoin as an official currency.

Economics 52

Economics Foreign Exchange Currencies Banking 52

PYMNTS

FEBRUARY 1, 2017

There’s also insight into shipping timeliness and measuring performance via benchmarking. Looking out into 2017, said Wexler, RevCascade is looking to become international in scope, with an eye on currency conversion, metric conversion and international shipping.

Retail 44

Retail Manufacturing Benchmarking eCommerce 44