PYMNTS

JULY 31, 2019

He wants to boost Ethiopia’s foreign exchange reserve, which has dropped dangerously low. The law will enable the Ethiopian-born diaspora to take part in the economic growth of the country,” said Lemlem Hadgo, chair of the Revenues, Budget and Finance Committee of parliament. “It

Foreign Exchange 55

Foreign Exchange Banking Budgeting Investments 55

Global Finance

DECEMBER 9, 2024

Africa today is the worlds youngest continent, with a growing population and several fast-growing economies, but significant challenges, including the need for regulatory reform in banking and finance. Global Finance: Last year, we discussed the departure of a number of high-profile foreign banks from Africa.

Marketing 98

Marketing Banking Finance Profit and Loss 98

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

JANUARY 7, 2021

Fides Treasury Services , which works in multibank connectivity and communications, has rolled out new details about its plans to extend its shop for corporate treasury and finance solutions, according to a press release. The new marketplace will be available through the Fides Multibanking Suite web portal, the release stated.

Finance 88

Finance Foreign Exchange Treasury Transportation 88

PYMNTS

OCTOBER 1, 2020

As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. Wells Fargo & Envestnet.

Finance 91

Finance Banking Foreign Exchange Invoicing 91

PYMNTS

JANUARY 18, 2021

These factors are putting companies to the test, especially in how they handle their corporate finances. The pandemic is causing fluctuations in the global economy, and supply and demand shifts are causing many businesses to face liquidity stresses and limited credit access.

Foreign Exchange 127

Foreign Exchange Treasury Risk Management Corporate Finance 127

The Finance Weekly

OCTOBER 30, 2024

Fortunately, modern cash management solutions have stepped in to simplify these challenges, offering businesses the tools they need to stay on top of their finances. Another critical feature is visualization tools, allowing finance teams to view their cash flows clearly and make informed decisions at a glance.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

Global Finance

JULY 22, 2024

Jamie Dimon Chairman and Chief Executive Officer JP Morgan Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , the 2024 World’s Best Bank is JP Morgan. ” said Joseph Giarraputo, founder and editorial director of Global Finance. “

Banking 98

Banking Foreign Exchange Finance Investments 98

Global Finance

JANUARY 9, 2025

Key features include secure global remittance networks, same-day express transfers to BEA Hong Kong accounts, foreign currency time deposits, and real-time foreign exchange services in 11 currencies. Sponsored by: The post BEA China Redefines Wealth Management appeared first on Global Finance Magazine.

Foreign Exchange 52

Foreign Exchange Currencies Banking Investments 52

Global Finance

DECEMBER 6, 2024

High inflation, currency volatility, and foreign exchange scarcity have eroded wealth and significantly contributed to a decline in net worth for many people. The post Worlds Best Private Banks 2025: Africa appeared first on Global Finance Magazine. Wealth preservation and growth in Africa are highly challenging.

Banking 52

Banking Foreign Exchange Currencies Investments 52

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. 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. In many cases, entrants present details that may not be readily available to the editors.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JUNE 15, 2020

Companies will also have to worry less about risk because of the better visibility and control over foreign exchange payments and currency exposures for procurement and treasury stakeholders.

Foreign Exchange 99

Foreign Exchange Treasury Currencies B2B 99

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. Beyond FX management, trade finance is another popular use case for blockchain disruption, and one HSBC has been focusing on as well.

Foreign Exchange 76

Foreign Exchange Currencies Treasury Banking 76

Global Finance

OCTOBER 10, 2024

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced.

Restructuring 75

Restructuring Foreign Exchange Banking Transportation 75

PYMNTS

MARCH 9, 2020

Eight banks — including HSBC and Standard Chartered — are ready to launch the Contour blockchain trade finance platform in Hong Kong, reports indicated on Thursday (March 5). Last October, Singapore launched its first blockchain-based trade finance platform. . Vendors, meanwhile, must trust that their customers will pay on time.

Finance 61

Finance Foreign Exchange Leverage Banking 61

Global Finance

APRIL 5, 2025

billion in debt and equity financing last year, facilitating the creation and preservation of 12,600 housing units across the US and underscoring BofAs commitment to support affordable housing initiatives. Projected to raise between $25 billion and $30 billion, the deal stands as one of the years largest acquisition financings this year.

Investments 52

Investments Banking Mergers and Acquisitions (M&A) Foreign Exchange 52

PYMNTS

SEPTEMBER 21, 2020

billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX). Global business payments firm FLEETCOR has struck a deal to buy Associated Foreign Exchange (AFEX) to assist in bolstering its own payments network.

Foreign Exchange 89

Foreign Exchange Banking Nonprofit Valuation 89

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. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear. .”

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

APRIL 10, 2020

According to Rio Tinto, greater efficiency means capturing a greater share of payments volume in the market, allowing Emirates NBD to increase revenues through foreign exchange, trade finance and supply chain finance services that can similarly gain operational efficiencies as a result of the holistic, integrated payments platform.

Technology 144

Technology Banking Foreign Exchange Currencies 144

Global Finance

JULY 26, 2024

Embedded finance features include global payments, virtual accounts (VAs), and account management. Meanwhile, Nordea’s foreign exchange (FX) automation has evolved into a “comprehensive treasury management autopilot” that includes daily FX, FX hedging, and money market products, according to the bank.

Cash Management 111

Cash Management Treasury Foreign Exchange Banking 111

Global Finance

SEPTEMBER 3, 2024

It will now have to convert the local currency raised from domestic lenders to foreign exchange in order to buy these inputs. The post Ghana: Domestic Funding For Cocoa appeared first on Global Finance Magazine.

Foreign Exchange 75

Foreign Exchange Currencies Education Manufacturing 75

PYMNTS

APRIL 16, 2020

Plaid is unlocking payroll data to ease access to federal financing. Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies.

Finance 67

Finance Foreign Exchange Compliance Banking 67

Global Finance

JUNE 13, 2024

Head of Commercial Bank in North America at Citi discusses the company’s reorganization of its banking lines with Global Finance. Global Finance met Citi’s Raymond Gatcliffe, head of commercial bank, North America, to discuss the changes and their results.

Foreign Exchange 105

Foreign Exchange Banking Sales Startups 105

Global Finance

OCTOBER 31, 2024

UBA has also become a pacesetter in financing women-owned businesses, owing to its strong belief that women should not be left behind in Africa’s socioeconomic development. Special events include monthslong “loan fairs” through which SMEs shop for financing. One of these, Mujer PyME, is a credit facility targeted to women-led SMEs.

Banking 52

Banking Finance Construction Foreign Exchange 52

PYMNTS

APRIL 29, 2020

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. Surecomp Wields Open Banking For Trade Finance. TransferWise Integrates With Mambu.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

JANUARY 11, 2018

overwhelmingly plan to expand financing activity this year. might be expanding, gaps in business finance – especially among SMBs – remain. Among the biggest gap in the world right now is trade finance. Even more recent analysis from Euromoney in its Trade Finance 2018 report highlighted the struggling trade finance space.

Finance 50

Finance Foreign Exchange Concentration Currencies 50

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. This increase could reflect corporate buyers’ increasing use of different currencies to pay their vendors to take advantage of FX fluctuations, particularly the exchange rate between the pound and the euro.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

OCTOBER 20, 2020

With the new partnership and solution, Mphasis customers can access new payments, working capital and Foreign Exchange services, with an aim toward meeting the needs of small and medium-sized businesses (SMBs).

Foreign Exchange 82

Foreign Exchange Healthcare B2B Finance 82

PYMNTS

SEPTEMBER 18, 2018

Thomson Reuters is teaming up with Seabury Capital to guide its trade finance operations into Asia, the companies revealed in a press release Monday (Sept. Seabury Capital trade finance unit Seabury TFX will be working with Thomson Reuters to enter the Asia market. Chan in a statement.

Finance 48

Finance SAP Foreign Exchange Compliance 48

PYMNTS

DECEMBER 26, 2019

China is in the midst of planning to build out its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE), as Reuters reported.

Foreign Exchange 54

Foreign Exchange Construction Finance Technology 54

PYMNTS

OCTOBER 6, 2020

Through the transaction, Finablr, which owns two foreign exchange companies, will be able to access more working capital and restructure its debts. That came after an earlier, similar revelation in March in which the company learned of $100 million in undisclosed financing. The only director of LCM is Prism's CEO, Amir Nagammy.

Foreign Exchange 87

Foreign Exchange Restructuring Finance Planning 87

PYMNTS

DECEMBER 9, 2020

The platform aims to help companies get into digital banking and access benefits like collateral-free financing and flexible business management, the release stated. Key features include the aforementioned fully digital business accounts, along with quick application processing, according to the release.

Foreign Exchange 64

Foreign Exchange Banking Finance Accounting 64

PYMNTS

JULY 9, 2019

In another solution aimed at bank account consolidation, Neo announced today (July 9) that it is expanding its foreign exchange services to include the launch of a multi-currency account after receiving clearance by the Bank of Spain. The FX Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

MARCH 1, 2019

South Africa’s Standard Bank has announced a new private-permission, cloud-based distributed ledger platform that aims to speed up foreign exchange (FX) payments, as well as make transactions more transparent. The platform will go live in the first half of this year.

Foreign Exchange 75

Foreign Exchange Data Analysis Startups Banking 75

CFO News Room

JANUARY 25, 2023

Federal Reserve Discount Window, primary credit activity (2003 – present) (Source: Bloomberg Finance, LP) Predictably, the use of the discount window rocketed upward early in the COVID outbreak. When markets calmed and uncertainty diminished, Fed lending through that facility gradually diminished, receding back to negligible levels.

Economics 130

Economics Foreign Exchange Finance Banking 130

Global Finance

OCTOBER 7, 2024

To aid the island republic, the State Bank of India (SBI) has subscribed to $50 million in government Treasury bills issued by the Ministry of Finance of the Maldives, rolling over a one-year T-bill following the maturity of the previous subscription on September 19. India and China are among the nation’s biggest creditors.

Foreign Exchange 64

Foreign Exchange Currencies Treasury Finance 64

PYMNTS

NOVEMBER 12, 2020

Lloyds, Demica Collab On Supply Chain Finance. Lloyds Bank Commercial Banking is teaming up with FinTech Demica to introduce a new supply chain financing platform for joint U.K. business customers, the FIs revealed. Poland's mBank Taps Treasury Pricing FinTech.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88