PYMNTS

FEBRUARY 13, 2019

Western Union has rolled out a new payment option that will let international Amazon.com customers pay in their respective country’s currency, the company announced in a press release. It will automatically process “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

Foreign Exchange 65

Foreign Exchange Currencies eCommerce Leverage 65

PYMNTS

SEPTEMBER 12, 2019

French financial institution BNP Paribas has announced a FinTech partnership to strengthen its foreign exchange service offerings. Our solution allows treasurers to automate FX management and leverage micro-hedging to save time and streamline workflows.

Foreign Exchange 65

Foreign Exchange Treasury Currencies Forecasting 65

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. Many of our clients are migrating off their core banks’ treasury service and leveraging Payment Rails’ payout platform because we offer automation and REST API connectivity.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

OCTOBER 16, 2020

Moving money from one currency to another sounds like it should be pretty straightforward, especially in an era where moving money is basically moving bits of information across the internet,” Lembo said in a recent interview with PYMNTS. “It Kicking Free Of Correspondent Banking.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

MARCH 19, 2020

FinTechs and banks continue to develop new solutions to address many of the biggest pain points of global business payments, from speed to foreign exchange. In that initiative, i2c processes multi-currency payments on the FinTech’s new B2B Airwallex Borderless Card, which uses the Visa rails to bring the solution to scale.

B2B 95

B2B Foreign Exchange Accounts Payable Currencies 95

Future CFO

DECEMBER 7, 2022

A strong US dollar will have credit effects on rated Asia Pacific companies, with those that have a significant portion of their debt and debt-servicing costs, or other costs, denominated in US dollars while earning revenues in depreciating currencies more vulnerable to the negative credit effects, said Moody’s recently.

Foreign Exchange 52

Foreign Exchange Currencies Manufacturing Leverage 52

PYMNTS

NOVEMBER 9, 2017

What can foreign exchange service providers learn from the Uber model? Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. That’s where foreign exchange (FX) payment providers step in to help.

Foreign Exchange 43

Foreign Exchange Currencies B2B Leverage 43

CFO News Room

FEBRUARY 2, 2022

Cryptocurrencies are sometimes exchanged for U.S. 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.

Concentration 130

Concentration Investments Securities Currencies 130

Global Finance

JUNE 6, 2024

Innovation: New Cash Management Program Company: Intesa Sanpaolo The bank’s New Cash Management Program consists of two innovative solutions for corporate customers: the Multi-Currency Optimizer and Virtual Account Management. It delivers payments directly to a worldwide workforce, without bank processing or currency conversion fees.

Construction 109

Construction Compliance Cash Management Treasury 109

PYMNTS

JULY 11, 2019

In one example, Visa’s B2B Connect launched in June, using fiat currencies and elements of distributed ledger technologies. His own firm, he noted, allows businesses to settle transactions for a variety of currencies and digital coins across a guaranteed exchange rate, for a 1 percent fee. dollars), less the 1 percent fee.

Banking 67

Banking B2B Foreign Exchange Currencies 67

PYMNTS

FEBRUARY 26, 2019

In a press release, Tipalti said Multi-FX gives customers the ability to fund their virtual accounts in a single currency and convert it to the local currency before the payout happens. According to the company, finance organizations are expected to make payments to international suppliers in their local currencies now more than ever.

Foreign Exchange 40

Foreign Exchange Currencies Advertising Treasury 40

PYMNTS

MARCH 30, 2017

Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. Analysis from WUBS found that the majority of SMEs weren’t actively strategizing to leverage the strength of their own local currencies. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

MARCH 7, 2018

Cambridge Global Payments , a unit of FLEETCOR and a provider of international payments and foreign exchange transactions, announced news on Tuesday (March 6) that it is aligning with Qwil to provide customers with advance payment capabilities. trillion to the economy.

Foreign Exchange 40

Foreign Exchange Currencies Leverage Technology 40

PYMNTS

JUNE 28, 2016

The Brexit vote has tossed the small business community into the headwinds of foreign exchange volatility, and U.K. According to Western Union Business Solutions head for APAC, Middle East and India operations Simon Glendenning, Hong Kong deserves some attention when it comes to corporate foreign exchange management.

Foreign Exchange 40

Foreign Exchange Invoicing Currencies Leverage 40

PYMNTS

JUNE 16, 2020

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes.

Sales 52

Sales Foreign Exchange Banking Restructuring 52

Global Finance

JULY 26, 2024

Faced with foreign exchange and interest rate volatility, the complexities of instant payments and liquidity-risk challenges place a sharp focus on banking partners as treasurers endeavor to safeguard their company’s financial well-being. According to Moody’s, while bank bonds are mostly rated Aa3, SMIF bonds are rated Aa2.

Cash Management 93

Cash Management Treasury Compliance Banking 93

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. In related news , Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

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

AUGUST 14, 2018

In a press release , the company said the Series B round of financing was led by Goldman Sachs and Nyca Partners, with participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Foreign Exchange 40

Foreign Exchange Currencies Leverage Finance 40

PYMNTS

JUNE 21, 2019

This], in turn, helps us keep the pulse on how top talent in the world is being leveraged by clients, as well as [the freelancers’] career progressions.”. Many freelancers live in different countries than their ad hoc employers, making currency exchange rates and payment tracking significant concerns. Payments approaches.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

JUNE 15, 2017

As many newer FinTechs develop their own API solutions to help facilitate cross-border transactions, Haag said Western Union is in position to help these companies move their innovations forward by leveraging Western Union’s network and providing access to its payment rails.

B2B 70

B2B Foreign Exchange Compliance Leverage 70

PYMNTS

JANUARY 29, 2018

MoneyGram , the money remittance giant, has its sights set on a new strategic front that looks to leverage bits and bytes beyond the hype that clouds cryptocurrencies and the rails over which they travel. Ripple’s xRapid is a foreign exchange investment vehicle that allows companies to take their U.S. Operating as a U.S.

Planning 48

Planning Currencies Foreign Exchange Valuation 48

PYMNTS

DECEMBER 15, 2017

It’s no secret that growth in cross-border trade has been explosive, where digital commerce and devices have brought heretofore untapped consumers to companies — transacting across time zones, currencies and languages. Now the firm is leveraging its expertise to solve business-to-business receivables.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

JANUARY 31, 2020

For the companies and brands that serve the travelers (airlines and online travel agents, for example), as well as leverage apps and mobile services, the goal is to drive affinity. Consumers win when they get to pay in their preferred currencies, and merchants win as they see higher conversion rates, he said.

Foreign Exchange 44

Foreign Exchange Currencies Leverage B2B 44

PYMNTS

APRIL 11, 2017

are issued a warning about foreign exchange rates. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. Here’s a look at some of the latest Brexit-related news…. Dimon Dishes On Brexit.

Foreign Exchange 43

Foreign Exchange Economics Treasury Invoicing 43

PYMNTS

NOVEMBER 2, 2018

Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves.

B2B 49

B2B Foreign Exchange eCommerce Currencies 49

PYMNTS

OCTOBER 23, 2019

BitPesa , an Africa-based FinTech looking to power cross-border transactions and foreign exchange for corporates and consumers across the continent using blockchain, has an expansion plan and has just announced a restructuring to fuel that growth. Start From Scratch. s first new payment rail since ACH launched in 1974.

B2B 40

B2B Accounts Payable Foreign Exchange Treasury 40

Global Finance

JULY 29, 2024

With the exception of Kuwait, where the dinar is pegged to a basket of currencies, GCC governments peg theirs to the US dollar, and so they typically follow US interest rate changes to preserve their pegs. At the end of 2023, the average return on assets of the region’s top 45 banks reached 1.7%, up from 1.2%

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Banking Profit and Loss Foreign Exchange 59

Barry Ritholtz

AUGUST 16, 2022

If you’re all interested in macro investing, trend following, commodities, currencies, fixed income, various types of quantitative strategies, and most important of all, risk management, you’re going to find this conversation to be absolutely fascinating. That’s the foreign exchange markets, and to some extent, commodities.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Investments 122

Future CFO

JANUARY 12, 2021

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.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

Future CFO

JANUARY 21, 2021

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury.

Treasury 52

Treasury Foreign Exchange Currencies CFO 52

PYMNTS

APRIL 27, 2016

Sources of hidden FX exposures range from internal functions, such as treasury, trading and technology, to external forces, such as currency volatility or government-imposed cash restrictions,” Deloitte stated. That means corporations with U.S. Together, CFOs and treasurers must form a team, Deloitte added.

Treasury 40

Treasury Currencies Risk Analysis Risk Management 40

PYMNTS

JULY 20, 2016

Flywire leverages existing payments infrastructure so that his global citizens can pay the way they are most comfortable. “The entire foreign exchange market is based on monetizing the sending of currency,” he explained. “It’s almost rails-agnostic in some ways. .”

Foreign Exchange 40

Foreign Exchange Education Currencies Leverage 40

Global Finance

SEPTEMBER 5, 2024

The latest IMF agreement came at a price; Egypt committed to exchange-rate flexibility, fiscal discipline, a slowdown in infrastructure spending, and measures to encourage private-sector growth. In March, the CBE raised its main policy rate by 600 basis points to 27.75% and floated the currency.

Foreign Exchange 130

Foreign Exchange Currencies Treasury Banking 130

Global Finance

DECEMBER 26, 2024

Amid consistently high geopolitical tensions, a shifting interest rate environment in developed and developing economies, and the increasing threat of tariffs impacting global trade, one thing is sure: Top-level foreign exchange (FX) management has seldom been as pivotal to businesses as it is today.

Foreign Exchange 87

Foreign Exchange Banking Currencies Marketing 87

Global Finance

DECEMBER 23, 2024

GF : In general, are costumers seeking more reserves apart from the traditional G5 currencies? amid robust growth in Asian countries, Korea has taken preemptive actions such as allowing for local currency transactions in IDR. Still, they hold currencies around the US dollar rather than non-G5 currencies (USD, ERU, JPY, GBP, CHF).

Sales 105

Sales Currencies Foreign Exchange Risk Management 105

Global Finance

OCTOBER 31, 2024

Offerings include corporate accounts, cross-border yuan settlement, litigation services, and foreign exchange trading. The bank leverages appreciation for Chinese culture by linking investment choices to value-added services and brand activities that promote traditional Chinese literature, education, and charity.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Risk Management Manufacturing Banking 52