PYMNTS

JUNE 17, 2019

MoneyGram has tapped into foreign exchange markets for settlements in the past. In addition, the deal encompasses warrants for up to $20 million in additional stock that is newly issued at $4.10 a share as well at the discretion of MoneyGram. As a result, the company had to purchase currencies ahead of time regularly.

Investments 84

Investments Foreign Exchange Planning Currencies 84

The Finance Weekly

OCTOBER 30, 2024

Datarails Datarails Cash Management is an all-in-one financial planning platform designed to make cash management easy for businesses of all sizes. Why It Stands Out Datarails is designed specifically for financial planning and analysis, making it a highly specialized tool for cash management.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

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. Now, the bank is reportedly planning to allow its own corporate customers to use its blockchain tool.

Foreign Exchange 76

Foreign Exchange Currencies Treasury Banking 76

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. The vast majority, however, say their companies are planning to deploy some active strategy to ensure success in a business environment of rising interest rates and U.S. dollar valuations.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

PYMNTS

MARCH 26, 2020

The company plans to launch the service to more countries in the near future. Western Union will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program. Some Western Union Agent locations are closed due to the coronavirus pandemic.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

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. Morgan Chase has announced plans to adopt technology offered by Marqeta to implement virtual commercial card offerings for its corporate customers.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

PYMNTS

NOVEMBER 2, 2016

.” SBI Ripple Asia said in the report the banking consortium will look at both technical and operational activities required in domestic and foreign exchange services “to utilize blockchain and other new technologies, consolidate domestic and foreign exchange services and build 24-hour and real-time remittance infrastructure.”

Foreign Exchange 77

Foreign Exchange Banking Currencies Technology 77

Simply Treasury

JUNE 3, 2021

Thus, when circumstances required it, companies had to shift the timing of transactions initially planned for a specific date. Many companies hedge on a budgetary basis and qualify hedges of future cash flows by applying the so-called "cash-flow hedge" method under IFRS 9 (ex-IAS 39).

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

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.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

CFO News Room

NOVEMBER 1, 2022

Uber plans to cut spending and hiring in an attempt slow the company’s plummeting stock price, which is down nearly 50 percent for the year. . Johnson & Johnson is looking to boost growth at its medical devices unit after it completes plans for a spinoff of its consumer health business next year. Scott Olson | Getty Images.

Foreign Exchange 130

Foreign Exchange Profit and Loss Budgeting Advertising 130

PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. 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

Profit and Loss 95

Profit and Loss Foreign Exchange Startups Banking 95

CFO Share

JUNE 6, 2024

Identifying Key Business Risks You may have learned in business school how to build a risk matrix and lengthy continuity plans. A CFO can develop contingency plans, conduct regular audits, and ensure robust internal controls to mitigate these risk. Scenario Planning. Contingency Planning.

Risk Management 105

Risk Management CFO Foreign Exchange Credit Risk 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

SEPTEMBER 22, 2020

Enterprise resource planning (ERP) technology provider Acumatica is embracing bank connectivity with the launch of its newest offering, Acumatica Advanced Expense Management and Electronic Bank Feeds. clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time.

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

OCTOBER 6, 2020

The new APIs help with foreign exchange (FX) settlement, obtaining check images and retrieving reports, according to a Tuesday (Oct. The bank plans to have further APIs in the future. 6) announcement.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

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.

Concentration 90

Concentration Foreign Exchange Banking Valuation 90

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

Global Finance

OCTOBER 11, 2024

Previously announced honors include Best Global Transaction Bank, Best Bank for Sustainable Finance, Best Islamic Financial Institution, Best Investment Bank, Best Cash Management Bank, Best Trade-Finance providers, Best Supply Chain Finance providers, Best Foreign Exchange Provider, Best Private Bank, and Best SME Bank.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

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. The company said it planned to take legal action against some owners and former employees. The only director of LCM is Prism's CEO, Amir Nagammy.

Foreign Exchange 87

Foreign Exchange Restructuring Finance Planning 87

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

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

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. Tribe Payments Plans Open Banking Module. TransferWise Integrates With Mambu.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. Necessary Planning. What all of these challenges mean is that even when an organization decides to implement a foreign exchange management strategy, unexpected problems can still arise.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit.

Banking 66

Banking Planning Foreign Exchange Securities 66

PYMNTS

SEPTEMBER 1, 2020

The Bermuda government is working on a plan to roll out a digital stimulus token to help residents and vendors, The Royal Gazette reported. Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

CFO News Room

NOVEMBER 2, 2022

Rogers — The engineering materials maker saw shares tumble 43% after a planned $5.2 The company said it was hurt by higher costs, Chinese Covid lockdowns and fluctuating foreign exchange. billion sale of the company to DuPont De Nemours was terminated, as the companies were unable to obtain clearance from regulators.

Foreign Exchange 130

Foreign Exchange Transportation Entertainment Advertising 130

PYMNTS

FEBRUARY 2, 2021

For chief financial officers (CFOs) and treasurers tasked with corporate management, Visa is aiming AI toward forecasting and planning. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates. Smarter STIP — Working Throughout The Outages.

Forecasting 111

Forecasting Foreign Exchange Leverage Treasury 111

CFO Talks

AUGUST 29, 2024

This helps you see potential cash shortfalls early and make plans, like talking to suppliers about extending payment terms or arranging a short-term loan. For example, if your company exports goods, the value of foreign currencies can impact your profits. Practical Tip: Create a cash flow forecast that looks at least a year ahead.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

SEPTEMBER 27, 2018

The sources said a deal could give Western Union a $500 million boost, and that the institution plans to start discussing a sale with potential buyers in a few weeks. They noted, however, that Western Union has not definitively decided to sell its business payments unit and that its plans remain confidential.

Sales 79

Sales B2B Foreign Exchange Valuation 79

Global Finance

DECEMBER 9, 2024

One good recent example is in Ethiopia, where the central bank recently promulgated a number of new regulations that have made the foreign exchange market more competitive. But if you look at the numbers, the commitment so far is $300 billion, and the estimated amount required to achieve the continents climate action plans of is $2.8

Marketing 98

Marketing Banking Finance Profit and Loss 98

PYMNTS

JANUARY 18, 2021

If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange. Reuters added that the company declined to comment on its plans. The pricing, size and timing of the deal have yet to be determined.

Foreign Exchange 79

Foreign Exchange Banking Retail Numbers 79

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

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

PYMNTS

JANUARY 3, 2017

12% of financial services executives have deployed blockchain in production , according to a recent survey by Deloitte, with 24 percent adding that they plan to go live with some type of blockchain tool in 2017. The project is worth about $2.3 The consortium is headed by SBI Holdings, along with its subsidiary SBI Ripple Asia.

Foreign Exchange 99

Foreign Exchange B2B Technology Numbers 99

PYMNTS

DECEMBER 2, 2020

A Paytm spokesman told Reuters that “there has been no discussion with any of our major shareholders ever, nor any plans, about selling their stake.”. The possible Paytm divestment is just the latest setback for Ant Group, which recently saw the abrupt cancellation of its planned initial public offering of stock.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

PYMNTS

AUGUST 14, 2020

Regardless of where an organization or industry might be in that shift, Sinha said corporate treasurers need to be involved in their firms’ strategies and planning processes far earlier than they have historically been. This creates new challenges and paradigms for payment flows.

eCommerce 118

eCommerce B2C Treasury B2B 118

PYMNTS

NOVEMBER 3, 2020

5) as originally planned, according to a statement from the exchange, per the WSJ. The latest developments have to first be disclosed to investors, the exchange said. That meeting now disqualifies Ant from listing on Thursday (Nov. 2) to answer questions behind closed doors.

Foreign Exchange 67

Foreign Exchange Valuation Banking Securities 67

PYMNTS

JULY 30, 2019

The financial services space recognizes the need for innovation , where some 68 percent of banks of all sizes plan to make innovation a priority in the years ahead.

Banking 69

Banking Foreign Exchange eCommerce Marketing 69