PYMNTS

MAY 9, 2019

European Union antitrust regulators are going to fine seven banks for manipulating the foreign exchange market, according to reports. The manipulation of the foreign exchange rate was done in chat rooms with names like “The Cartel,” “The Mafia” and “The Bandits’ Club,” according to U.S. regulators.

Foreign Exchange 62

Foreign Exchange Banking Marketing B2B 62

PYMNTS

SEPTEMBER 23, 2020

The debit card doesn’t have foreign exchange fees or monthly charges, while it has a flat ATM fee of 2 euros ($2.34) globally. The PayPal Business Debit Mastercard is most typically used for buying retail products for supplies as well as inventory in addition to online marketing services in Germany and the U.K. In the U.S.,

Foreign Exchange 145

Foreign Exchange Economics Retail Accounting 145

CFO News

JANUARY 19, 2024

The 3-day variable rate repo (VRR) auction conducted by the RBI on Friday, which is scheduled to reverse on January 22, will now be reversed on January 23. Meanwhile, a 3-day VRR auction that the RBI had earlier said would be conducted on January 22 stands cancelled and instead a 2-day VRR auction will be carried out on January 23.

Foreign Exchange 52

Foreign Exchange Marketing 52

PYMNTS

JANUARY 21, 2020

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan. ” Launched in 2009, Lulu Money has five million users processing 1.1 million transactions annually.

Foreign Exchange 100

Foreign Exchange Investments Accounting Marketing 100

Global Finance

JULY 22, 2024

For over thirty years, corporate and banking leaders have turned to Global Finance’s Best bank awards to identify financial partners who not only excel in their offerings but also adapt and innovate in an ever-evolving market.” .” said Joseph Giarraputo, founder and editorial director of Global Finance. “

Banking 98

Banking Foreign Exchange Finance Investments 98

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. Through financial advice, many have seized opportunities in offshore investments, equity, money markets, and other savings and investment classes.

Banking 52

Banking Foreign Exchange Currencies Investments 52

PYMNTS

AUGUST 6, 2020

The companies recently announced that Airwallex will wield Deutsche Bank’s foreign exchange (FX) services and integrate them via API into its own offering. Tyfone Connects FIs To Payrailz. Digital payments solution provider Payrailz has secured a reseller agreement with digital banking company Tyfone.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

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 11, 2020

The program was developed to offer a solution to the lack of transparency and often complicated procedures in the cross-border payments field, the release says, using foreign exchange rates and easy visibility on fees.

B2B 99

B2B Foreign Exchange Currencies Accounting 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. 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 Banking 76

PYMNTS

DECEMBER 28, 2018

The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. The move will give major local banks control of the market. 27, and must stop all operations and return funds to their customers by that time.

Foreign Exchange 87

Foreign Exchange Banking Compliance Securities 87

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

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

CS Lucas

MAY 28, 2023

In this webinar, Zohain Saeed, our BDM for South-East Asia will be covering the management of the following topics using the CS Lucas system: Term Loans Money Markets Investments Foreign Exchange Whether you are handling treasury management for your company or relying on the reports from your team, this webinar provides useful insights.

Investments 52

Investments Foreign Exchange Marketing Restructuring 52

PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. In today’s challenging economic environment, I am pleased to continue our expansion into a prime market that aligns with our strategic growth plans,” Dowd said in a press release. “In or in other countries.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

Global Finance

OCTOBER 11, 2024

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. The bank is known for developing inaugural and subsequent green and social bonds for the European and Latin American markets.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

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. “A

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

AUGUST 7, 2020

One of the largest points of friction that shoppers grapple with today is the ever-fluctuating exchange rate of foreign currencies they use when purchasing from sellers across borders. “Consumers want that kind of clarity and certainty.”

Foreign Exchange 120

Foreign Exchange eCommerce Retail Currencies 120

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

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

DECEMBER 10, 2020

The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement. 10) press release. Customers can make payments via Bank of America’s SWIFT gpi solution.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

Global Finance

APRIL 5, 2025

Debt markets were busy last year, but 2025 is off to a slow start as issuers take a wait-and-see approach. Debt capital markets enjoyed a 36% surge in total deal volume in 2024 compared to 2023, according to Dealogic. Japan was the only major market to decline, by 3%. of total global market share, as per Dealogic.

Investments 52

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

Global Finance

JULY 26, 2024

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. Customers can enable advanced analytics and insights, improving decision-making and strategic planning.

Cash Management 111

Cash Management Treasury Foreign Exchange Banking 111

PYMNTS

DECEMBER 27, 2020

The Chinese central bank's statement came after it had met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors, presented as a Q&A with PBOC vice governor Pan Gongsheng. There weren't many more specifics than that.

Concentration 90

Concentration Foreign Exchange Banking Valuation 90

Simply Treasury

JUNE 3, 2021

When payments were in foreign currencies, this may have affected their results because of currency hedging. The extremely high market volatility during the health crisis, one of the economic consequences of COVID, also forced many companies to review their hedging strategy.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

AUGUST 11, 2020

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9

Profit and Loss 95

Profit and Loss Foreign Exchange Startups Banking 95

PYMNTS

NOVEMBER 5, 2018

TreasuryXpress has announced a partnership with Hedgebook , a global provider of Cloud financial risk and derivative management software, to enable underserved mid-market treasury organizations with complex cash and risk management requirements.

Marketing 51

Marketing Treasury Foreign Exchange Risk Management 51

PYMNTS

NOVEMBER 6, 2018

Technology developed by Bloomberg is now being used by Shell ‘s Foreign Exchange Central Treasury unit to interconnect the fuel conglomerate’s operating units across 22 markets, the companies revealed Monday (Nov.

Treasury 53

Treasury Foreign Exchange Auditing Startups 53

CFO News Room

NOVEMBER 2, 2022

The company said it was hurt by higher costs, Chinese Covid lockdowns and fluctuating foreign exchange. CEO Bob Biesterfeld said in a release that fears of “slowing freight demand and price declines in the freight forwarding and surface transportation markets” played out in the third quarter.

Foreign Exchange 130

Foreign Exchange Transportation Entertainment Advertising 130

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

JUNE 13, 2019

Remittence technology firm WorldRemit is stepping into the cross-border B2B money transfer market with the launch of WorldRemit For Business, reports in Africa News said Wednesday (June 12). now the company’s second-largest market. “In Last year the company became the first U.K. states, with the U.S.

B2B 49

B2B Marketing Foreign Exchange Numbers 49

PYMNTS

JANUARY 7, 2021

“The Fides multibanking ecosystem spans the entire treasury world, allowing us to offer a wide range of partner solutions that extend the value of our Multibanking Suite,” said Simon Kaufmann , head of Client Relations and Marketing at Fides, in the release.

Finance 88

Finance Foreign Exchange Treasury Transportation 88

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 Share

JUNE 6, 2024

This involves monitoring market risks, managing credit exposures, maintaining adequate liquidity, and implementing robust internal controls to prevent financial losses and ensure financial stability. CFOs monitor market trends, employ hedging strategies, and diversify investments to shield the business from market volatility.

Risk Management 105

Risk Management CFO Foreign Exchange Credit Risk 105

PYMNTS

NOVEMBER 6, 2018

In an interview with Karen Webster of PYMNTS, Karl Schamotta, who serves as chief market strategist at Cambridge Global Payments, said we’re living in a new age. Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It In other words, more businesses are doing more business across borders.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing Forecasting 76

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

PYMNTS

AUGUST 13, 2019

that has led to a depreciation of the pound are having widespread impacts throughout supply chains with touchpoints in the markets. 12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. But that, he said, is also one of the largest challenges in this market.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72