PYMNTS

OCTOBER 20, 2017

More bad news for Wells Fargo : The financial institution has fired four foreign exchange (Forex) bankers following an investigation into that business by both the bank and regulators. According to The Wall Street Journal , the reason for their terminations has not been released.

Foreign Exchange 49

Foreign Exchange Currencies Banking Sales 49

PYMNTS

NOVEMBER 3, 2020

This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South-East Asia,” Statrys Founder and CEO Bertrand Theaud said in the announcement.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

FEBRUARY 8, 2017

China’s foreign exchange reserves have slipped below the $3 trillion mark, as measured in January. The new numbers show continued momentum to “move money out” even as the central bank seeks to “contain asset bubbles without triggering a liquidity crunch” with capital seeking investments outside the country, said the WSJ.

Foreign Exchange 40

Foreign Exchange Currencies Banking Numbers 40

PYMNTS

SEPTEMBER 20, 2020

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. AFEX provides services in over 100 currencies and has over 35,000 customers, according to the press release.

Foreign Exchange 121

Foreign Exchange Currencies Accounting Investments 121

CFO Leadership

FEBRUARY 16, 2022

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. The Foreign Exchange Market.

Risk Management 52

Risk Management Currencies Foreign Exchange Valuation 52

PYMNTS

JUNE 27, 2018

Exposure to the risks of endless shifts of foreign exchange (FX) rates keeps executives on their toes: Deloitte recently found FX volatility to be the most common concern among surveyed corporate treasurers. However, foreign exchange risk mitigation goes beyond hedging, said Mark Frey, COO at Cambridge Global Payments.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

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

SEPTEMBER 3, 2024

Ghana’s decision to exclude international banks from funding cocoa production may have opened opportunities for its domestic financiers and traders to invest in the sector, but analysts fear that the move leaves the country’s currency, the Cedi, vulnerable to weakening.

Foreign Exchange 75

Foreign Exchange Currencies Education Manufacturing 75

CFO Talks

AUGUST 29, 2024

Investing Wisely When your business has extra cash, you want to put it to work. Practical Tip: Set up an investment policy that outlines where and how you’ll invest the company’s money. For example, if your company exports goods, the value of foreign currencies can impact your profits.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

SEPTEMBER 22, 2020

clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time. In a statement, ClearBank Chief Customer Officer Simon Jones said the solution offers a new opportunity for businesses that need to hold and move various currencies for their own customers.

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

FEBRUARY 18, 2020

18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. The FX program is a step into the corporate client market, and its investments in Sri Lanka mark an initiative for a more well-rounded set of digital solutions for clients in that region.

Foreign Exchange 60

Foreign Exchange Banking Currencies B2C 60

Global Finance

JUNE 4, 2024

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. The BOI approves private FDI and local investments. Each time, it has bounced back. billion. .): billion GDP growth (2023): 4.5% Inflation: (April 2024): 1.5%

Economics 105

Economics Currencies Restructuring Foreign Exchange 105

The Finance Weekly

OCTOBER 30, 2024

It’s really a strategy for handling the money coming in and going out of an organization, making sure there’s enough liquidity to pay bills, invest, and handle any unexpected expenses. They offer a complete suite of features that help businesses forecast cash flows, handle short-term investments, and improve liquidity.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

Global Finance

OCTOBER 10, 2024

GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced. Lkhagvasuren: As of July 2024, Mongolia’s foreign exchange reserves reached $4.7 Despite repaying 6 billion Chinese yuan [$843 million] of the swap usage, foreign exchange reserves remained robust.

Restructuring 75

Restructuring Foreign Exchange Banking Transportation 75

PYMNTS

SEPTEMBER 18, 2020

She said that the “draft mode” of Stem’s platform allows for songs, as they are completed, to be uploaded into a dashboard that also delineates the collaborators and their splits (across currencies and international markets, too; Stem’s payments take into account foreign exchange or FX rates).

Foreign Exchange 125

Foreign Exchange Accounting Investments Manufacturing 125

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Entrée Capital and SBI Investment also participated, alongside other FinTech founders and angel investors. million in new funding for U.K.-based and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

CFO News Room

FEBRUARY 2, 2022

We specifically mentioned three cryptocurrencies in this article, but there are actually more than 10,000 coins in the crypto world, so it’s important to categorize the coins before making investment decisions. By knowing the top trends and investment opportunities, you can incorporate exposure to digital assets into your portfolio.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

DECEMBER 21, 2016

Axoni, the blockchain startup, is about to get a multimillion-dollar investment from some big heavy hitters on Wall Street. According to a report by Reuters , Goldman Sachs, JPMorgan and ICAP are among financial institutions that are gearing up to invest between $15 million and $20 million in Axoni.

Foreign Exchange 46

Foreign Exchange Investments Startups Currencies 46

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers. API’s have shown the use banks and corporates can make out of them.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. Capital controls and import restrictions due to the lack of confidence in public policies and the low level of foreign exchange reserves. Sticky and skyrocketing inflation despite price regulation.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. The continuing uncertainty over Brexit and geopolitical volatility in the U.K. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions. JCF is a subsidiary of JLG.

Foreign Exchange 52

Foreign Exchange B2B Currencies Invoicing 52

Global Finance

OCTOBER 10, 2024

Azerbaijan Taleh Kazimov: B+ Central bank Governor Taleh Kazimov, in office since 2022, had a boost in July when Fitch Ratings upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. Government debt is low, at around 23% of GDP, and headline inflation was a scant 0.7%

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

NOVEMBER 21, 2016

But how does global expansion affect the payment processes that keep these contractors and freelancers invested? Payment regulations, prepaid card regulations, controlled currencies,” Monty began. The gig economy is gaining traction all around the world. Depending on the jurisdiction, there are multiple payment options available.”

Foreign Exchange 74

Foreign Exchange Currencies Banking Compliance 74

PYMNTS

MARCH 19, 2019

The most recent round was led by Vertex Ventures’ global growth fund and Antinum Investment in South Korea. Financial institutions piloting xRapid saved 40 percent to 70 percent on average, compared to traditional foreign exchange brokers that facilitate cross-border payments, Ripple said in May.

Foreign Exchange 64

Foreign Exchange Startups Currencies Banking 64

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

PYMNTS

NOVEMBER 22, 2016

Blockchain is the technology behind bitcoin, the popular alternative digital currency. In addition to advancing blockchain technology, R3 is looking for equity investments from members in exchange for a piece of the proceeds from any technology or products that come out of the development of blockchain technology.

Foreign Exchange 59

Foreign Exchange Currencies Startups Technology 59

PYMNTS

OCTOBER 26, 2018

Cybersecurity investment probably won’t let up anytime soon. Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85 million investment for Team8 , a venture studio that explores how corporate collaboration can develop better cybersecurity tools and businesses.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

CFO News Room

JANUARY 25, 2023

And the Fed’s discount window, at which depository institutions can pledge bundles of loans, investment-grade securities, and other collateral for emergency funding, saw its use spike upward, rivaling the darkest days of 2008. It began with a massive conventional war in southern Europe, which led to rising global tensions.

Economics 130

Economics Foreign Exchange Finance Banking 130

PYMNTS

NOVEMBER 26, 2020

A recent post on India’s NDTV’s Gadgets 360 site cautioned local shoppers to carefully compare prices and consider all the costs involved in buying overseas, including foreign exchange, shipping and customs duties, while avoiding bulky items. “If If the overall price comes out to be lower than the local pricing, that's a good deal.

eCommerce 113

eCommerce Foreign Exchange Entertainment Sales 113

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. The alliance intends to pilot development in the handling of money market funds to automate and simplify investment decisions.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

AUGUST 3, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. With Revolut, the money can be spent in over 90 currencies around the world at the cheapest exchange rate available, the interbank rate, with no fees, at least for now. Last week in investments.

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. A 29% decline in foreign currency purchase value by U.K. Larger corporates landed increases in both the number of foreign currency purchases made in July, as well as an increase in the value of those purchases, suggesting larger U.K.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

PYMNTS

SEPTEMBER 17, 2018

percent for foreign exchange transactions. percent for foreign currency ones. It is an 18 basis point increase on the foreign exchange limits, noted Reuters. According to a report in Reuters citing Turkey’s central bank, the rate is going to 2.5 percent for Turkish lira and 1.80

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

CFO News

SEPTEMBER 20, 2024

The RBI's foreign-exchange reserves have increased significantly, drawing in foreign investment and reducing the current account deficit. This strategy has made the rupee one of Asia's least volatile currencies, preparing India for external economic shocks.

Foreign Exchange 40

Foreign Exchange Currencies Economics Investments 40

PYMNTS

FEBRUARY 19, 2018

News came President’s Day that an anonymous investor ponied up nearly $400 million to snap up bitcoin, the name most synonymous with digital currencies. MarketWatch said Monday that the huge investment came from a bitcoin address, 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 to be exact. The slug came over a time span stretching from Feb.

Foreign Exchange 51

Foreign Exchange Currencies Investments 51

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions. Different Approaches To APIs.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92