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As the dynamic payments landscape presents both challenges and opportunities for corporate treasury, it’s unsurprising that financial institutions are finding new ways to help treasurers leverage new payments trends to improve efficiency, manage risk, and support business growth.
Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately. Now the firm is leveraging its expertise to solve business-to-business receivables. Thus, reconciliation is automated, he said.
Additionally, this suite of custody services is integrated with the bank’s transaction banking and foreignexchange offerings to ensure seamless management of custody-related transactions. Now, trade settlement and cash exchange are settled without manual intervention and include automated reconciliation, reducing operational risk.
Additionally, this suite of custody services is integrated with the bank’s transaction banking and foreignexchange offerings to ensure seamless management of custody-related transactions. Now, trade settlement and cash exchange are settled without manual intervention and include automated reconciliation, reducing operational risk.
Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreignexchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.
That streamlined experience will include improvements like providing international customers with foreignexchange rate transparency, or allowing customers to remit funds via local payment methods via Flywire’s platform.
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