CFO News Room

FEBRUARY 2, 2022

dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Cryptocurrencies are sometimes exchanged for U.S.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

FEBRUARY 28, 2019

And while ACI is excited to delve deeper into the bill pay market, Western Union is looking to its future where it can re-up its focus on digital services and cross-border, cross-currency payments.

Concentration 79

Concentration Currencies Healthcare Education 79

PYMNTS

SEPTEMBER 16, 2016

The concentration of bitcoin mining increases the likelihood miners will collude to attack the blockchain, and as profitability goes down, fewer miners will operate and existing incumbents will consolidate. Smith went on in his speech to say that the lessons learned from the Bitfinex hack have improved the digital currency environment.

Currencies 77

Currencies Concentration Securities Banking 77

PYMNTS

FEBRUARY 19, 2019

Now, cloud computing has made virtual clusters of computers and storage available to those same firms, and delivery of those services is concentrated among companies like Amazon , Google and Microsoft. Only a decade and a half ago, companies still had their own data centers.

Currencies 77

Currencies Concentration eCommerce Banking 77

Global Finance

SEPTEMBER 9, 2024

These companies have multiple accounts, multiple currencies, perhaps multiple banks, and a lot of data sources but they don’t have the tools and knowledge most of the time to create comprehensive, consolidated forecasts.”

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

The Finance Weekly

APRIL 25, 2022

Any company with a global supply chain is inherently vulnerable to the fluctuations in currency and input prices that this crisis is intensifying. Finance chiefs also need to avoid falling for the illusion they are immune from foreign volatility because their products are priced in U.S.

Finance 107

Finance Forecasting Treasury Concentration 107

Global Finance

OCTOBER 10, 2024

The growth outlook for 2024 and 2025 remains favorable, supported by strong external demand and a significant rise in the Oyu Tolgoi mine’s copper concentrate production. Byadran Lkhagvasuren: The Mongolian economy grew by 5.6% GF: How has the BOM’s rate policy impacted Mongolia’s key economic variables, and where are interest rates headed?

Restructuring 75

Restructuring Foreign Exchange Banking Transportation 75

PYMNTS

AUGUST 31, 2018

Krona: The Swedish currency takes it place among other decliners, such as the Turkish lira and Venezuela’s bolívar , amid economic woes writ large. The currency is down eight percent for the year against the euro, and the lingering impacts of the trade war are to blame. Net sales were up 4.3 trillion, and U.S.

Currencies 40

Currencies Concentration Accounting Leverage 40

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. The US Federal Deposit Insurance Corporation’s quick response to the banks’ failures stemmed additional contagion and has left businesses with an object lesson in concentration risk.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

APRIL 25, 2019

Stripping out the impacts of currency volatility, the company said that payments volume was up 8 percent year over year to just under $2.1 trillion, up 7 percent in constant currency, and outpaced by debit growth at 10 percent. Total top line was $5.5 billion, which was on par with forecasts, and up 8 percent year over year.

B2B 50

B2B Currencies Concentration Forecasting 50

Global Finance

OCTOBER 10, 2024

It provides assurance that the central bank is able to concentrate on its long-term statutory mandate to achieve and maintain price stability. Digitalization can open a new era in the history of money, such as through central bank digital currency [CBDC], something being actively researched right now by central banks around the world.

Economics 59

Economics Banking Concentration Currencies 59

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. Noreika, acting Comptroller of the Currency, in a statement. Today, the federal banking system remains healthy,” he continued. “As

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

JULY 13, 2018

million in digital currency. Investigators then found out that the overseas site was using an online gambling model with digital currency payments. Through the investigation, police arrested six organizers of the platform and seized $750,000 in Chinese currency deposits, along with the $1.5 million in crypto.

Advertising 40

Advertising Concentration Currencies Investments 40

Musings on Markets

JULY 17, 2023

In US dollar terms, Latin America was flat in the first half of 2023, though there were a couple of Latin American markets that delivered stellar returns in local currency terms, albeit with high inflation eating away at these returns. US Equities in 2023: Into the Weeds! trillion in the first six months of 2023, 97.2%

Marketing 98

Marketing Treasury Currencies Valuation 98

PYMNTS

APRIL 10, 2019

At a recent $5,280, the digital currency is leagues above its nadir of $3,400 during the crypto crash, and leagues below all-time highs of about $20,000. And within that concentration, as much as 80 percent of bitcoin mining is performed by six mining “pools” – and five of them are in China.

Concentration 58

Concentration Currencies Economics Planning 58

PYMNTS

MARCH 7, 2017

Speaking in front of the LendIt conference in New York yesterday (March 6), Comptroller of the Currency Thomas Murray told those assembled that the oversight body will go forward with plans to offer banking charters to fintech companies.

Planning 40

Planning Banking Concentration Currencies 40

CS Lucas

NOVEMBER 29, 2023

This covers volumes, rates, currencies, compliance terms, documentation, counterparties, jurisdictions , timelines, and associated analytics. Central Database for All Lending Details CS Lucas lets t he t reasury team maintain critical information, exposure and facilit y details in a unified structure.

Technology 52

Technology Treasury IFRS Compliance 52

PYMNTS

APRIL 20, 2018

Morgan Stanley analysts have estimated that bitcoin miners lose money when the price of the once high-flying digital currency is below $8,600. More to the point: Like any commodity, there’s a break-even point in production, measured in dollars and cents, even when it comes to commodities made out of bits and bytes.

Concentration 41

Concentration Manufacturing Currencies Economics 41

PYMNTS

AUGUST 10, 2018

Oppenheimer wrote, “Recent shifts in global currencies could impact the buying power of Chinese tourists in the U.S.”. Tax cuts and incitements (last month regulators advocated slashing interest rates for small and mid-sized firms) mean that spending activity is concentrated within China’s borders. The concept is a simple one.

Valuation 40

Valuation Concentration Currencies Retail 40

PYMNTS

SEPTEMBER 25, 2017

smartphone owners now download a grand total of zero apps per month, and most new app downloads are (unsurprisingly) concentrated in the millennial demographic. Users will need to convert their assorted currencies to Spheris’s SPRS tokens to spend them in the marketplace. More than half of U.S.

Concentration 67

Concentration Benchmarking Securities Currencies 67

CFO News Room

NOVEMBER 11, 2022

Rapidly rising interest rates and in some cases the risk of an associated currency mismatch makes life harder for borrowers. And for developing countries that borrow in dollars, the pressure of a rising cost of borrowing and their declining currency potentially very dangerous, squeeze on, on their economic prospects.

Economics 100

Economics Concentration Investments Finance 100

PYMNTS

NOVEMBER 28, 2016

“As banks concentrate on providing overdrafts to large businesses, SMEs have to look elsewhere to support their short-term funding needs,” he wrote. Office of the Comptroller of the Currency, meanwhile, is exploring revised sanctions guidelines against banks in the wake of the Wells Fargo case.

Banking 46

Banking Concentration Financial Systems Investments 46

Global Finance

OCTOBER 14, 2024

They tend to increase investments in hard currencies while seeking a more sophisticated, comprehensive value proposition.” As a result, advisers can concentrate on the human-dependent aspects of client relationships: making big decisions, building trust, and understanding client needs and goals.”

Banking 59

Banking Investments Concentration Prioritization 59

PYMNTS

AUGUST 12, 2016

What’s so hard about paying contract workers who work cross-border in a variety of far-flung locales and who want to be paid in the currency easiest for them to use in their home countries? billion unbanked and underbanked people in the world, with concentration in developing nations. 4) The Need To Partner .

B2C 40

B2C Concentration B2B Currencies 40

PYMNTS

JUNE 14, 2018

But for that marquee name, bitcoin, news comes this week that “concentrated price manipulation,” as The New York Times termed it, may have been behind at least half of last year’s boost. Here, said the research from Griffin and Shams, Tether, another virtual currency, was used to buy bitcoin. and lightly regulated.

Concentration 40

Concentration Investments Currencies Marketing 40

PYMNTS

MAY 10, 2016

since London, which is where much of the usage is concentrated , has a high merchant acceptance, and the transit authority now enables contactless payments across all of its endpoints. ” So what about virtual currencies ? That’s surprising since Germany is such a cash-based economy – and card usage is not as strong. In the U.K.,

Currencies 44

Currencies Securities Concentration Numbers 44

PYMNTS

DECEMBER 20, 2017

Cash, especially that much of it, is an insecure, cumbersome, friction-filled currency – not to mention physically unclean, hard to keep track of, easy to miscount (and steal) and all around a hassle for businesses in regulated states that want to sell pot to patients and customers.

Concentration 47

Concentration Accounting Banking Currencies 47

The Finance Weekly

OCTOBER 13, 2021

Concentrate on particular areas of improvement. After you've documented and comprehended the extended financial closing process, you may concentrate on identifying the areas that require immediate attention. Use intelligent process automation to your advantage.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

PYMNTS

MARCH 10, 2016

Look at it this way: If a small business is on the phone with a bank’s relationship manager trying to transfer a large, specific sum of money across borders to a certain bank account in local currency, the payer may not have full confidence the transaction will be made correctly. Cantor added.

Banking 41

Banking Concentration Treasury Cash Management 41

PYMNTS

APRIL 30, 2018

Most of that spend will be concentrated in the U.S., In a dynamic space like banking, lending, payments and financial services more broadly, time is a valuable currency. In January, the International Data Corporation (IDC) reported worldwide spending on blockchain solutions would increase to $2.1 billion by 2021. trillion in 2021.

Banking 73

Banking Investments Accounting Concentration 73

Barry Ritholtz

SEPTEMBER 12, 2022

And so, while you can see that concentration in markets, and sales, and trading, once I started really working with our private bank in a meaningful way, I was then able to lead teams of investment counselors and investors. They understand currencies. RITHOLTZ: Sure. BITTERLY MICHELL: They’ve seen hyperinflationary environments.

Investments 119

Investments Marketing Profit and Loss Banking 119

PYMNTS

AUGUST 22, 2016

His disdain isn’t because money is germ-laden paper passed from who-knows-who doing who-knows-what with it, but because he says it’s the currency of criminals. If Professor Rogoff wants to know what’s the currency of the big-time criminal today, it’s not cash, it’s bitcoin. They’d figure something out. In fact, they already have.

Currencies 41

Currencies Banking Accounting Budgeting 41

PYMNTS

JANUARY 22, 2018

Success is now defined by the ability to reach a critical mass of users – consumers or businesses – efficiently and effectively … where time is an important currency, as is the ability to influence and/or control that end user experience. Without the membership fee, using mobile and with door-to-door delivery.

Sales 54

Sales Concentration Marketing Manufacturing 54

PYMNTS

JUNE 27, 2016

OpenTable retrenched and instead concentrated on building a critical mass of consumers and restaurants in cities that then gave them the ability to expand with a critical mass of both in tow. UNDERESTIMATING THE VALUE OF TIME AS A CURRENCY. The problem they faced was that they lacked any critical mass anywhere.

Numbers 66

Numbers Technology Concentration Retail 66

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

PYMNTS

MAY 15, 2017

Its creator, the pseudonymous Satoshi Nakamoto, gave it all of the qualities of cash, but in a digital format: peer-to-peer transfer of a currency in the absence of any intermediary that is pretty much anonymous — only wallet IDs are shared. Maybe they didn’t see its potential use case as a global currency for crime, or chose not to.

Currencies 62

Currencies Math Startups Technology 62

PYMNTS

NOVEMBER 15, 2016

And it is this latter offering, in travel, that offers some insight into just how cards and electronic payments can be used on a global scale across time zones and currencies. It’s analogous in many ways to Canada in terms of the level of advancement and the concentration. dollar transaction, and we would debit the U.S. dollar purse.

Currencies 68

Currencies Concentration Accounting Banking 68