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FinTechs Expand Open Banking Opportunity For Banks

PYMNTS

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.

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BELLIN Unites Treasury Tech With FX Management

PYMNTS

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.

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What Payments Players Had To Say About Innovating Payments In A Pandemic

PYMNTS

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. JPMorgan: Real-Time Treasury A Key Driver Of Corporate’s Loyalty. According to J.P.

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Best Financial Innovations 2024

Global Finance

Corda R3 Innovation: Digital Asset and Crypto Banking Offering Company: BBVA Switzerland The crypto- and digital-asset market is filled with friction and security risks. China’s securities depository, China Central Depository & Clearing Co.

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TransferWise On The Faster Future Of Cross-Border Payments

PYMNTS

Lembo said that a swifter, simpler way of offering international payments would mean that financial services providers create and leverage their own networks of local bank accounts in countries around the world. Staying Secure. Tapping advanced technologies can help financial service providers manage compliance effectively, Lembo said.

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RegTech: The Innovation Enabler

PYMNTS

On average, approximately 20 percent of a FinTech’s operational costs are dedicated to the governance and compliance area. Too often, FinTechs find themselves having to balance diverting resources and funds into managing these regulation hurdles without sacrificing the inherent transparency, privacy, security and risk that is required.

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The five-step response that helps CFOs navigate uncertain times

Future CFO

Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.