PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank will remain in charge of the clients' funds.

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

APRIL 13, 2020

Traffic on Russia’s digital currency exchanges jumped more than 5.5 Qrator Labs, for its part, connected the rising figures with heightened interest in the currency markets. The organization also noted large growth in denial-of-service attacks (DDoS) events on digital currency exchanges.

Currencies 77

Currencies Foreign Exchange Healthcare Compliance 77

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 98

Restructuring Foreign Exchange Banking Transportation 98

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

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. Along with the World’s Best Bank, global honors this year include awards for Best Corporate Bank, Best Consumer Bank, Best Banks Worldwide in Emerging and Frontier Markets and Best Sub-Custodian Bank.

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. 8) that three unnamed sources revealed Citi is advising on the process as GPS, which provides foreign exchange services to mitigate FX risk for corporate clients, seeks a buyer.

Foreign Exchange 43

Foreign Exchange Marketing Sales B2B 43

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

PYMNTS

FEBRUARY 4, 2020

Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. High-value payments are going to be the supplier management systems between big companies and middle-market companies. based Earthport.

Foreign Exchange 100

Foreign Exchange Treasury Currencies B2B 100

CFO Talks

AUGUST 29, 2024

Make sure it aligns with your business goals and review it regularly to keep up with market changes. Managing Risks Good treasury management also means protecting the business from risks like currency fluctuations or changes in interest rates. Using tools like forward contracts can help lock in exchange rates and reduce uncertainty.

Treasury 93

Treasury Cash Flow Forecasting Foreign Exchange Currencies 93

CFO News

MARCH 6, 2023

Self-sufficiency in food production, a sizeable foreign-exchange war chest and a vast software exports industry helped cushion the commodity and hard-currency shortages that, in various degrees, hobbled the region’s frontier markets: Sri Lanka, Pakistan and Bangladesh.

Foreign Exchange 52

Foreign Exchange Currencies Marketing 52

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. Travelex’s network of branches continue to provide foreign exchange services manually.”.

Currencies 52

Currencies Foreign Exchange Banking Securities 52

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

PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

Simply Treasury

JUNE 3, 2021

The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging. Delay in FX hedging, accounting treatment.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

JUNE 11, 2020

Singapore-based cross border-payments platform TranSwap will partner with Currencycloud , which provides B2B embedded cross-border solutions, to let businesses collect and hold numerous currencies in the U.S., EU and other countries, a press release states.

B2B 99

B2B Foreign Exchange Currencies Accounting 99

PYMNTS

SEPTEMBER 13, 2018

Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. Hedging — as in preparing for currency fluctuations and other factors — is something that eCommerce firms need to embrace, too, as another PYMNTS story demonstrates.

Risk Management 40

Risk Management Currencies Foreign Exchange eCommerce 40

PYMNTS

MARCH 6, 2017

China’s Forex regulator wants the nation to open up its domestic market, reports said Friday (Mar. 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.

Foreign Exchange 40

Foreign Exchange Marketing Compliance Currencies 40

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

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. Has 26 bilateral investment promotion and protection treaties providing protection for foreign investment within the country. Each time, it has bounced back.

Economics 105

Economics Currencies Restructuring Manufacturing 105

PYMNTS

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either.

Mergers and Acquisitions (M&A) 61

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

PYMNTS

NOVEMBER 16, 2020

The global trading markets are in flux, and it's not only the COVID-19 crisis influencing international supply chains. Ongoing trade wars and rising costs of doing business in certain markets have manufacturers and other businesses adjusting where they operate and with whom. Currency Conversion Headache. A Shifting Market.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

Future CFO

SEPTEMBER 11, 2023

Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently.

Foreign Exchange 52

Foreign Exchange Currencies Finance Investments 52

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. PROS Large economy and domestic market. Capital controls and import restrictions due to the lack of confidence in public policies and the low level of foreign exchange reserves.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

PYMNTS

JANUARY 15, 2019

HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain.

Foreign Exchange 76

Foreign Exchange Currencies Treasury Finance 76

PYMNTS

JULY 10, 2019

Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform. Custom remittance information can be sent directly back to the foreign vendor, while the service also supports custom reporting for a buyer’s own back-office processes.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. FXPress entered the market with a focus on cross-border payments and foreign exchange services.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

DECEMBER 17, 2019

As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). “FX is a complicated area,” added Cran.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

MARCH 9, 2018

Foreign exchange solutions company OANDA is enhancing its application programming interface (API) that opens up its foreign exchange (FX) technology to third-party apps. The company announced news on Thursday (March 8) that its Exchange Rates API has been updated to include real-time FX rates.

Foreign Exchange 70

Foreign Exchange Currencies Treasury Technology 70

PYMNTS

JUNE 17, 2019

Ripple is the company behind the XRP digital currency, The Wall Street Journal reported. MoneyGram has tapped into foreign exchange markets for settlements in the past. As a result, the company had to purchase currencies ahead of time regularly. firm that is publicly traded, Ripple Inc. per share.

Investments 84

Investments Foreign Exchange Planning Currencies 84

PYMNTS

JULY 24, 2019

s Conservative Party leadership contest is only the latest geopolitical event sparking concerns among analysts over foreign exchange (FX) markets — and corporates’ ability to react to those changes. An Eye On Emerging Markets. And while expected currency fluctuations resulting from Brexit will surely mean U.K.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

Future CFO

DECEMBER 12, 2019

The Hong Kong Monetary Authority said on Thursday that foreign exchange and money markets continue to operate smoothly and that the exchange rate remains stable. The Hibor—one-month interbank funding costs for the HKD, have been higher than comparable rates on the greenback for 24 straight sessions as of Tuesday.

Foreign Exchange 52

Foreign Exchange Currencies Banking Marketing 52

PYMNTS

JULY 15, 2020

The global market has historically revolved around the U.S. dollar, leaving few incentives for companies to overcome the numerous obstacles and pain points involved in broadening business into new markets overseas. An alternative to this payment strategy is to open up a bank account in each market in which a business operates.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

PYMNTS

MARCH 23, 2020

Work may be global, but payments are personal, and the divide between the two can cause frictions for freelancers who live and pay bills in one market but work for companies that operate and process payrolls in another. These workers will likely still expect fast payments regardless of the markets in which their employers are based.

Foreign Exchange 61

Foreign Exchange Currencies Valuation Invoicing 61

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

AUGUST 2, 2019

The greenback and the hard currencies of developed economies (think Great Britain, Germany or Japan) take center stage and the lion’s share of headlines about currency movements. The bank will take that currency swap request, bundle it with scores of others from other business clients and send them to the central bank.

B2B 41

B2B Marketing Foreign Exchange Currencies 41