PYMNTS

APRIL 13, 2020

The organization also noted large growth in denial-of-service attacks (DDoS) events on digital currency exchanges. The number of DDoS attacks on digital currency exchanges rocketed by as high as 486 percent over the same time frame. In addition, Russia’s foreign exchange market traffic has risen by approximately 3 percent.

Currencies 77

Currencies Foreign Exchange Healthcare Compliance 77

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. Foreign exchange risk alone increased 8 percent for this market in Q3, and by 13 percent since the start of the year, the report found. Trade tensions between the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

APRIL 18, 2018

Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17).

Treasury 40

Treasury Compliance Foreign Exchange Risk Management 40

CFO Share

JUNE 6, 2024

Some operational risks include: Supply chain risk Compliance risk Fraud risk Inventory risk Market Risks Fluctuations in market conditions, such as interest rates and FX rates, can affect revenues and profitability. Some common market risks include: Interest rate risk Foreign exchange risk Raw materials cost risk (copper, steel, etc.)

Risk Management 105

Risk Management CFO Foreign Exchange Credit Risk 105

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Meanwhile, other partnerships between banks and FinTechs embrace data sharing to target friction for joint small business customers.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

OCTOBER 16, 2020

This enables a money transfer provider to accept funds from consumers in one country via its local operation and then direct the accounts it holds in the recipients’ countries to pay out the amounts due after adjusting for foreign exchange rates. The money never actually crosses borders,” Lembo explained.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

CFO Talks

AUGUST 29, 2024

For example, a mining company needs to ensure its financial operations comply with foreign exchange regulations to avoid penalties. Regularly audit your treasury operations to ensure you’re in compliance. Practical Tip: Keep a calendar of key regulatory deadlines and requirements.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

DECEMBER 16, 2020

appears to be growing stricter toward unregistered crypto exchanges, Cointelegraph reported, and foreign exchanges are responding by shutting service to U.S. According to the report, many foreign exchanges may try different ways to ban U.S. users to avoid running into potential compliance issues.

Foreign Exchange 60

Foreign Exchange Investments Banking Financial Analyst 60

PYMNTS

DECEMBER 8, 2017

Artificial intelligence ensures regulatory compliance and fraud protection. With our API, businesses can now seamlessly send payments to over 220 countries for as little as $1 per transaction, with live foreign exchange rates, and delivering funds direct to bank accounts as opposed to a recipient’s eWallet.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. Singapore-based Osome announced $3 million in new funding this week as an extension of its seed round, with XA Network and AltaIR Capital providing the latest investment, TechCrunch reported.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

JANUARY 30, 2019

Then the first money laundering directives came out, which started to mandate more and more in the realm of customer due diligence, so the company added a compliance check. GDC, for instance, started out with a solution set for know your customer (KYC) in an eCommerce use case where the company was conducting high-velocity ID verification.

Foreign Exchange 74

Foreign Exchange Compliance Startups Currencies 74

Future CFO

MAY 26, 2022

There will be intercompany transactions that happen between them, and it gets very complex when businesses are international – whether it's regulation or taxation, foreign exchange rates, or compliance. And it becomes more so when each company records their finances differently," he elaborated.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

NOVEMBER 21, 2016

Monty explained that not all banks are able to offer foreign exchange services in Brazil — they may need to get a foreign exchange license and must also be able to provide the subtleties of service that are demanded in that country. Our approach is a beneficiary-directed platform that reflects local preferences.”.

Foreign Exchange 74

Foreign Exchange Currencies Banking Compliance 74

PYMNTS

MARCH 6, 2017

An article in a publication owned by the regulator called for a more open, competitive domestic foreign exchange (FX) market that enables a flexible FX rate mechanism to mitigate against cross-border capital fluctuation, according to reports. Deputy head of the State Administration of Foreign Exchange Fang Shangpu penned the article.

Foreign Exchange 40

Foreign Exchange Marketing Compliance Currencies 40

PYMNTS

MARCH 17, 2020

Cross-border retail and business transactions, said Caldeira, typically have carried higher costs — tied to more complex bilateral processing procedures, complex compliance requirements and the overhead of having to manage both liquidity and foreign exchange (FX) risk — than domestic ones.

Foreign Exchange 91

Foreign Exchange Securities Compliance Startups 91

PYMNTS

JANUARY 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013.

Profit and Loss 51

Profit and Loss Foreign Exchange Compliance Auditing 51

PYMNTS

SEPTEMBER 14, 2016

“We are big believers that everything should, as much as possible, remain local within countries to take a lot of the foreign exchange burden off of people,” he explained. Regardless of a platform’s vertical, business model or type, Warrington said having a global workforce is no easy feat.

Foreign Exchange 69

Foreign Exchange Education Compliance Startups 69

PYMNTS

MAY 12, 2017

And, to top that off, dealing with foreign exchange can add further complexity to a business’s workflow, Laven explained. When it comes to making cross-border B2B payments, dealing with foreign exchange rates is an issue that businesses around the world continue to struggle with on several fronts.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast. But in the conversation of supply chain risk, there is no single focus.

Risk Management 54

Risk Management Compliance Foreign Exchange Communication 54

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 13, 2020

By wielding Citi’s infrastructure to complete the transaction for The Boston Foundation and Bai, Flywire was able to ensure full compliance and quick transmission of SWIFT transaction data to the beneficiary bank in China. Since beginning the initiative, Citi and Flywire have facilitated about $2 million worth of transactions from the U.S.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

APRIL 16, 2020

Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies. Currencycloud, Derivative Path Team for Bank FX Solutions.

Finance 67

Finance Foreign Exchange Compliance Banking 67

Global Finance

JUNE 6, 2024

The project’s deployment required the collaborative efforts of several bank departments, including business, legal, compliance, engineering, security and IT, as well as outside technology vendors Metaco and Avaloq. Innovation: Blockchain-Based Digital Bond Project Company: China Central Depository & Clearing Co.

Construction 90

Construction Compliance Cash Management Treasury 90

PYMNTS

NOVEMBER 5, 2019

MoneyGram said its “leading-brand, competitive foreign exchange rates and industry-leading anti-fraud and compliance processes will help drive the future success of the marketplace.”. One of the main goals of the collaboration is to protect customers from fraud. “Any On Friday (Nov.

Foreign Exchange 40

Foreign Exchange Profit and Loss Compliance Sales 40

PYMNTS

APRIL 3, 2019

” In areas like foreign exchange management, trade, and cash management, working with FinTech third-party providers will be an important part of the digitization journey. Today, the report found, most treasurers prefer to work with traditional banks, thanks to their competitive advantage of customer trust and compliance.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

PYMNTS

SEPTEMBER 18, 2018

The tool will integrate Thomson Reuters’ World-Check and FXall solutions to provide Know Your Customer compliance and foreign exchange management features. .” The Receivables Board app will launch on Thomson Reuters’ Elkon platform, according to Thomson Reuters Head of Asia Customer Proposition Stuart Brown.

Finance 48

Finance SAP Foreign Exchange Compliance 48

PYMNTS

FEBRUARY 18, 2020

FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

DECEMBER 4, 2017

Through their collaboration, RailsBank customers will also gain access to Airwallex’s cross-border payments and foreign exchange (FX) services. -based RailsBank, an open banking platform that facilitates connectivity into the U.K. and the EU’s SEPA zones. Mastercard and Sequoia Capital also participated, the firm said in May.

Foreign Exchange 49

Foreign Exchange Startups Compliance Banking 49

PYMNTS

APRIL 3, 2019

Senders have 12 hours to settle their accounts at a Dollar General store, he said, adding that 99 percent of consumers do so within that time limit, which is governed by compliance issues. It automatically processes “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

Foreign Exchange 61

Foreign Exchange Compliance Retail Currencies 61

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Read More On Big Tech: Five Ways The Connected Economy And Big Tech Helped U.S.

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

JANUARY 25, 2018

According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreign exchange (FX) and risk management solutions. Together, the firms will target middle-market businesses looking to grow internationally.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

JUNE 15, 2017

It also provides users with access to the company’s wide-reaching global payments network and access to global compliance programs to ensure overseas commerce transactions are in line with existing local legal requirements. The Western Union API sits on top of a global network of bank accounts, which are monitored by a compliance engine.

B2B 70

B2B Foreign Exchange Compliance Leverage 70

PYMNTS

DECEMBER 11, 2019

SMB lender Just Cashflow announced a partnership with Ebury to integrate foreign exchange services as Just Cashflow augments its offering beyond SMB loans. Ebury is integrating foreign exchange (FX) tools to support Just Cashflow’s SMBs and their cross-border payments needs. Just Cashflow Taps Ebury for FX.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

JANUARY 14, 2019

The FinTech that sets its sights on Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates. There exists a lack of infrastructure across roads, power sources or even telecom networks, he said.

eCommerce 85

eCommerce Foreign Exchange Accounting Banking 85

PYMNTS

MAY 31, 2016

Foreign exchange rates. We monitor every transaction from end to end,” he said, with KYC and AML compliance in place. Paper checks. Settlement times. Transactions can be instantly reversed if need be.

B2B 47

B2B Foreign Exchange Currencies Compliance 47

PYMNTS

OCTOBER 1, 2019

.’s many so-called digital challenger banks, Revolut started its evolution as a pre-paid card attached to an app that gave users an easy mechanism for paying abroad without foreign exchange fees. ” There have also been reports of compliance issues with the organization.

Foreign Exchange 43

Foreign Exchange Valuation B2B Compliance 43