Global Finance

SEPTEMBER 25, 2024

Susanne Prager, head of cash management at Raiffeisen Bank International (RBI), discusses the challenges affecting global banking services and the need for the latest tech tools to help companies succeed in CEE and around the world. RBI’s solutions like its centralized Cash Management Hub (CMIplus) can streamline these processes.

Banking 98

Banking Cash Management Compliance Currencies 98

PYMNTS

JANUARY 30, 2017

The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies. Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices).

Cash Management 49

Cash Management Treasury Invoicing Currencies 49

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., However, there are efforts to lower the barriers to entry for market newcomers. “Being the world’s reserve currency, naturally regulators are going to take more time. .” As a whole, the U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

SEPTEMBER 8, 2020

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. Not so long ago, linking cash account statements across far-flung systems or operations would have taken days or weeks and extensive testing to synthesize all that data into one centralized presentation.

Treasury 107

Treasury Currencies Cash Management Accounting 107

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

Startups 107

Startups Cash Management Finance Currencies 107

PYMNTS

DECEMBER 7, 2020

What's more, third-party platforms force sellers to wait to access their revenues, making cash management an even more arduous process. These merchants are not only selling in their domestic market, but most of these platforms also allow them to sell international," said Pero. The company now operates in the U.K.,

eCommerce 142

eCommerce Finance B2C B2B 142

PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market. “We

Currencies 40

Currencies Cash Management Treasury Compliance 40

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. Not only can market risk be better monitored, but market costs can be saved for participants: about $30 million so far, estimates CCDC.

Construction 109

Construction Compliance Cash Management Treasury 109

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. Along with the World’s Best Bank, global honors this year include awards for Best Corporate Bank, Best Consumer Bank, Best Banks Worldwide in Emerging and Frontier Markets and Best Sub-Custodian Bank.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

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

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. That’s where the market’s going.

B2B 119

B2B Currencies Healthcare Cash Management 119

Global Finance

SEPTEMBER 9, 2024

One of the products of that is that cash is again king, as it was in the ’90s.” Corporates are hoarding cash, and that has meant a return to dividends and distributions but also more conservative cash management. How they access the market has also changed.

Mergers and Acquisitions (M&A) 105

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

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

JANUARY 22, 2021

While the corporate treasurer's fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. Yet, it's when these two techniques are combined that a treasurer can truly optimize liquidity management across borders and currencies.

Treasury 103

Treasury Concentration Currencies Banking 103

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. interest rates and emerging markets slowdown as top issues. interest rates and emerging markets slowdown as top issues. Reports on Thursday (Sept.

Currencies 67

Currencies Cash Management Economics Banking 67

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

Foreign Exchange 43

Foreign Exchange Marketing Sales B2B 43

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

FEBRUARY 19, 2019

That probably won’t come as a surprise to many in the B2B payments space, considering that organizations typically try to float their capital for as long as possible, a cash management tactic that can lead to longer payment terms with small suppliers, and the prevalence of late payments. In the U.K.,

Accounting 75

Accounting Cash Management B2B Invoicing 75

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability?

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

MARCH 14, 2019

For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market.

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

PYMNTS

JANUARY 17, 2019

has scored a $95 million credit facility from Goldman, and it seems the cash advance market is catching the attention of the company, too. Cash management,” the CEO said on the call, “presents a logical area for us, given the breadth of our corporate relationships, and the size of that wallet,” which points to revenue possibilities.

Investments 74

Investments Cash Management Treasury Banking 74

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. billion sent to currency exchanges from criminal entities. We noted then that JPMorgan is providing cash management services for the exchanges’ U.S.

Currencies 74

Currencies Investments Cash Management Banking 74

PYMNTS

SEPTEMBER 18, 2019

Services include cash management and cross-border payment and currency conversion across APIs. The services are offered across several core product suites, including Travelex Business Cash, Travelex Business Pay and Travelex Business Cloud. The latter offering includes multi-currency processing.

Foreign Exchange 68

Foreign Exchange Treasury Currencies B2B 68

PYMNTS

MAY 19, 2017

Cash Management. While Telr, based in Singapore and India, provides front-office B2C payment solutions to its business customers, the company has also grown a presence in the back-office, with cash management and logistics solutions linked into its overall offering. B2B Marketing. secured $10.3

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

SEPTEMBER 17, 2019

Travelex Business ensures companies get to market quicker, increase revenues and boost customer value with agile services available at the click of a button.”. The new platform will feature an API-led platform to offer customers cash management , cross-border payments and retail currency conversion.

B2B 60

B2B Foreign Exchange Currencies Cash Management 60

PYMNTS

OCTOBER 11, 2017

Based on the activity of the past few weeks, it seems API-based solutions are becoming more at home on mobile devices as various companies launched several app-based solutions to expedite cash flows in different global markets. B2B payments are becoming more mobile in various global markets for different types of industries.

B2B 71

B2B Cash Management Invoicing Currencies 71

PYMNTS

MAY 29, 2019

Robinhood Markets , the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. This year it applied for a national bank charter from the Office of the Comptroller of the Currency. A spokesman told CNBC in April that getting the national bank charter will enable it to offer banking products.

Valuation 63

Valuation Cash Management Currencies Banking 63

CFO Leadership

MARCH 31, 2022

Five steps to improve global cash visibility. Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. They struggle to keep an overview on their cash and risk positions. In the dark about global cash? You’re not alone!

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

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 2, 2020

Retail currency dealer Travelex was offline on Thursday (Jan. London markets were already closed when news of the attack hit. The new platform features an API-led platform to offer customers cash management, cross-border payments and retail currency conversion. Shares in Finablr were up 1.6 percent for the day.

Currencies 52

Currencies Cash Management B2B Retail 52

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. Looking Ahead.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

DECEMBER 24, 2018

All the world’s a stage, to quote the Bard, and it seems not much in the world is certain, with volatility seemingly the name of any game in 2018, from geopolitics to cryptocurrencies to stock markets. Against that backdrop, and when it comes to payments, currencies can be volatile, too.

Numbers 65

Numbers B2B Currencies Accounts Payable 65

PYMNTS

MAY 9, 2019

. … That’s especially true for companies that are growing quickly, where resources are constrained, and executives want to devote resources and time to building the company, growing the revenues and investing in marketing and sales.”. Cash management becomes less art than science. The Limitations Of Manual Labor.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

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

PYMNTS

MARCH 6, 2020

The outage occurred as the stock market as a whole was trying to bounce back from the biggest loss of value in stocks as of the financial crisis. Middle-market companies are increasingly joining their larger enterprise counterparts in asking for banks to provide them with treasury application programming interfaces (APIs).

Treasury 52

Treasury Auditing eCommerce Cash Management 52

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