PYMNTS

JANUARY 17, 2019

As CEO David Solomon said in reference to an ongoing review of the fixed income, currency and commodities division (commonly known as FICC), the company is training its sights on cash management Keep in mind that FICC, for the full year 2018, contributed $5.9 billion, which grew 11 percent year on year.

Investments 74

Investments Cash Management Treasury Banking 74

PYMNTS

DECEMBER 7, 2020

Noto is an ex- Goldman Sachs investment banker. It has also begun work in stock trading and cash management accounts. Office of the Comptroller of the Currency for its application for a national bank charter. Last year, Noto had said going public was a long-term plan but not a priority. SoFi was valued at $4.8

Startups 107

Startups Cash Management Finance Currencies 107

PYMNTS

NOVEMBER 17, 2020

Stock trading and investment platform Robinhood Markets has reached out to financial institutions for positions in an initial public offering (IPO), Bloomberg reported, citing unnamed sources. The company has 13 million accounts on its infrastructure that enables trading in digital currencies, gold, options, funds and stocks.

Cash Management 92

Cash Management Investments Currencies Marketing 92

PYMNTS

DECEMBER 7, 2020

While third-party portals like Amazon and Walmart have opened the doors for small businesses to reach more customers than ever before, investing in the tools and inventory necessary to match demand can be a struggle. SellersFunding recently announced its own cross-border expansion in an effort to address these global pain points.

eCommerce 142

eCommerce Finance B2C B2B 142

Global Finance

OCTOBER 11, 2024

JPMorgan Chase takes the top honor as Global Finance ’s World’s Best Bank for 2024, as well as the World’s Best Investment Bank and World’s Best Private Bank. trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

Global Finance

JUNE 6, 2024

FAB also launched a sustainability-linked current account for businesses to support clients in achieving environmental, social and governance objectives by contributing to sustainable developments, integrated into their everyday cash management and a sustainability-linked supply chain finance offering.

Construction 109

Construction Compliance Cash Management Treasury 109

PYMNTS

NOVEMBER 2, 2020

Data flows and transparency can help corporate treasurers and chief financial officers act strategically in day-to-day cash management and optimize working capital as they break down silos within their own companies. Delving Into Digital Currencies. They want the data [and] they want the information,” said Phalen.

B2B 119

B2B Currencies Healthcare Cash Management 119

Global Finance

SEPTEMBER 9, 2024

Corporate treasury professionals are reassessing investment strategies to stay agile and conserve cash amid interest rate shifts and geopolitical uncertainty. Corporates are hoarding cash, and that has meant a return to dividends and distributions but also more conservative cash management.

Mergers and Acquisitions (M&A) 105

Mergers and Acquisitions (M&A) Treasury Currencies Finance 105

Future CFO

FEBRUARY 7, 2024

The events such as the Silicon Valley Bank situation serve as reminders for companies to proactively address risks and strengthen risk management policies. Liquidity risk, driven by rising rates and borrowing costs, remains a key challenge for medium-sized and investment-grade companies.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

PYMNTS

NOVEMBER 16, 2018

This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The investment now values Automation Anywhere at $2.6 With the new funding, iBanFirst said it plans to provide support for more currencies and introduce new features for its solution.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

Simply Treasury

JUNE 3, 2021

Here again, it seems to us that the need to dematerialize, digitize and automate is logical to make companies more resilient and efficient in their financial management. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Strategic Treasurer

OCTOBER 14, 2022

Global Payments Survey Shows Fraud Concern and Security Investment Plans. Results show the top challenges and areas of planned investment among companies of all sizes, with fraud and security as consistent themes. The post Global Payments Survey Shows Fraud Concern and Security Investment Plans appeared first on Strategic Treasurer.

Securities 52

Securities Investments Planning Treasury 52

PYMNTS

MAY 29, 2020

And in 2018, just after bitcoin’s price seemingly peaked at the end of 2017 at just under $20,000, the famed investment firm said bitcoin could indeed be used as a form of currency. That is in part due to the fact that the cryptos do not generate cash flow or earnings, and are not instruments of investment diversification. “We

Currencies 74

Currencies Investments Cash Management Banking 74

PYMNTS

SEPTEMBER 30, 2016

A new survey by JPMorgan finds corporate treasurers consider China’s recent currency exchange rate reforms to have had the most impact on their businesses. All of this occurs as China works to make the yuan an international currency. Reports on Thursday (Sept. China’s economic slowdown surpassed U.S. ”

Currencies 67

Currencies Cash Management Economics Banking 67

PYMNTS

NOVEMBER 28, 2019

The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. And last month, the company relaunched a checking feature called Cash Management after it was previously shelved due to regulatory issues.

Banking 75

Banking Valuation Cash Management Currencies 75

PYMNTS

JANUARY 22, 2021

In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health.

Treasury 103

Treasury Concentration Currencies Banking 103

PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. Cachematrix , a software as a service (SaaS) FinTech, specializes in making cash control easier.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

JULY 9, 2019

The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management. HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8).

Accounting 54

Accounting Banking Cash Management Treasury 54

PYMNTS

MARCH 14, 2019

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. . “We live in times of great uncertainty and great change,” said Kohli. ”

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

PYMNTS

MAY 9, 2019

Operational pain points are often not addressed until they have to be addressed, then, because of that neglect, they suddenly require all sorts of investments in terms of time and money. With automation, AP management can become a strategic advantage. Cash management becomes less art than science.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

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. Age And Complexity.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

MARCH 4, 2020

trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Libra Stumbles, Coronavirus Gains Show Pitfalls Of A ‘Global’ Currency. Here’s why when it comes to currencies, one size does not fit all. Ant Financial Acquires Minority Stake In Klarna.

Currencies 52

Currencies Treasury Cash Management B2B 52

PYMNTS

JANUARY 8, 2021

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Cash Management Moving in Virtual Directions. Back in 1785, a fellow by the name of Evans invented the first fully automated industrial process — a water-powered flour mill.

B2B 61

B2B Accounts Payable Cash Management Invoicing 61

CFO Leadership

MARCH 31, 2022

They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the dark about global cash? Hit hard by their company’s growth, Treasurers often lose sight of their global cash. Slice and filter various views of your cash.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

JULY 21, 2020

With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cash management operations. ” Challenge Turned Opportunity.

Treasury 64

Treasury Cash Management Data Analysis Banking 64

PYMNTS

SEPTEMBER 25, 2018

As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cash management and what their service providers think they need. Visibility into “cash in and cash out” of corporate coffers takes on a new urgency when funds flow across borders, time zones and currencies.

Treasury 55

Treasury Cash Management Securities Prioritization 55

PYMNTS

MAY 29, 2019

This year it applied for a national bank charter from the Office of the Comptroller of the Currency. Robinhood removed all its marketing material and now calls it a cash management feature offered within its brokerage accounts. In 2018 its user base jumped from 4 million during the summer to 6 million by late 2018.

Valuation 63

Valuation Cash Management Currencies Banking 63

PYMNTS

NOVEMBER 14, 2018

In a statement announcing the report, Vanessa Manning, Deutsche Bank’s head of liquidity and investment for global transaction banking, said there must be industry-level progress for real-time liquidity to become a reality. ”

Banking 78

Banking Treasury Forecasting Corporate Finance 78

PYMNTS

OCTOBER 19, 2016

EIU and Deutsche found that 80 percent of the professionals surveyed hold significant levels of excess cash, causing treasurers to focus on either expanding or modifying their investment strategies as their way to more adequately gain control in a changing economic climate.

Treasury 70

Treasury Economics Prioritization Leadership 70

PYMNTS

NOVEMBER 8, 2018

At the same time, KBank has reportedly invested $50 million in Grab. Grab Financial Senior Managing Director Reuben Lai said, “this partnership makes Grab Financial the first mobile payments platform to launch e-money-licensed payments services across ASEAN-6 and underlines the strength of our partnership-based strategy.”.

Banking 51

Banking Transportation Cash Management Currencies 51

PYMNTS

FEBRUARY 26, 2016

Business owners may be experts in their particular industries, but that doesn’t mean they’re always familiar with some of the back-end processes of running a company, like cash management and investing. With SMEs unable to afford investment banks’ services, the self-teaching method may not always prove successful.

Foreign Exchange 52

Foreign Exchange Valuation Currencies Sales 52

Spreadym

APRIL 27, 2023

Cash flow management: Software tools for cash management can help business manage the performance of cash flow by providing detailed cash flow statements and projections. Financial reporting: These tools generate financial reports, including income statements, balance sheets, and cash flow statements.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

SEPTEMBER 19, 2019

Not all that long ago, treasurers would take stock of cash positions at the start of the day … to the best that they could, since some banks might not report positions daily. Liquidity and cash investment plans would be made by 10 a.m. Cash management becomes a continuous process, throughout the business day.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

SEPTEMBER 4, 2018

Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management. Citing data from Euromoney , Deutsche Bank noted that about two-thirds of executives report being interested in adopting automated, 24/7 currency conversions based on real-time FX rates.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

JUNE 20, 2016

But market conditions have also made it more difficult than ever to understand how much money a firm has, where it is, who it’s going to and what form of currency it’s in. This week’s B2B Data Digest focuses on the flux and flow of managing cash. 3 billion has been at risk to cyberthieves from U.S.

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. GTreasury will be directly integrated into BNY Mellon's LiquidityDirect money market funds investment platform.

Banking 60

Banking Treasury Cash Management Invoicing 60