Simply Treasury

JUNE 3, 2021

It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Top three treasury priorities in the coming months: Technological innovations. The answers show a certain lucidity on the part of treasurers who seem realistic in their use of new technologies.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

MAY 20, 2019

“Global Invoice Connect is a prime example of two innovative financial services companies coming together to deliver a powerful new payments technology that helps businesses stay ahead of the curve in an increasingly fast-paced world.”.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

DECEMBER 11, 2019

SMBs that nearly half (48 percent) said they don’t believe technology will impact their business. It is clear that as an industry we could do more to assure businesses of the security measures in place and demonstrate the tangible benefits of open banking and connected technology,” he added. Cash flow remains the No.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

FEBRUARY 18, 2020

FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. POPs are important to omnichannel fraud detection because they enable banks to track payments’ journeys from processing to clearing to reconciliation. Omnichannel Fraud Protection.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

MAY 13, 2020

With high transaction volumes, this speed is rarely accomplished, but through collaboration and technology, Citi and Flywire have demonstrated that it’s not only possible, but it could be the new normal of cross-border B2B payments. Preparing yourself through technology is really my recommendation.”.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

MARCH 20, 2018

Nigeria can be a very complex foreign exchange environment,” said Mike Massaro, CEO at Flywire. Our partnership will also streamline the reconciliation of these payments on the receiving end for schools, hospitals and businesses.”. Nigeria imports more than $30 billion of goods and services, noted Flywire.

Foreign Exchange 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. “But in the cross-border space, it’s a different ball game.”

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

OCTOBER 30, 2019

APIs also boost visibility into foreign exchange rates, Western Union said, while allowing the FI to offer business clients “the latest level of regulated European internet security,” it said in its announcement. Though open banking is not a regulatory mandate in the U.S.,

Banking 41

Banking Foreign Exchange B2B Accounting 41

Future CFO

JANUARY 12, 2021

Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

PYMNTS

DECEMBER 15, 2017

Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately. He noted, too, that many invoice payment products disaggregate payment from invoicing, making the reconciliation process friction-filled for the receiver. Thus, reconciliation is automated, he said.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

SEPTEMBER 4, 2018

Yet there is some adoption of faster payment technologies among corporates. Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

JULY 18, 2016

To that end, payments technology firm Ixaris is teaming up with Amadeus as a partner to develop the latter’s B2B Wallet Prepaid offering, helping to further the use of virtual cards. The “block” strategy helps target certain services and cost centers that are germane to the travel industry itself.

B2B 40

B2B Foreign Exchange Reconciliations Technology 40

PYMNTS

NOVEMBER 7, 2019

“How many times in the last few years have we seen what are basically press release partnerships where a big player will come to the table to announce they are testing a new technology, like blockchain, recently?” Massaro said. We are endorsed by Bank of America now — and that was the step they needed to push them forward.”.

Foreign Exchange 44

Foreign Exchange Education Reconciliations Banking 44

PYMNTS

MARCH 1, 2018

But these popular apps, which started as consumer-facing tools but have each made recent steps to embrace business travelers , don’t paint the entire picture of ground transportation for the corporate world, said Tobi Mac, founder and CEO of FlitWays Technology , and complexity in this space can make spend management increasingly difficult.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

JULY 8, 2016

“It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.” In a statement, DSYH CEO Suraj Vazirani said the investment will be used to boost its underlying technological infrastructure. ” Logistics. BevSpot.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

JULY 2, 2018

That solution provides businesses, making purchases on Amazon Business with their American Express commercial cards, with line-item information on their buys for greater visibility into spend practices and more efficient reconciliation. The new card product will expand that functionality when it hits the market.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations Accounting 41

Global Finance

JULY 24, 2024

Africa— Rand Merchant Bank On the African continent, Rand Merchant Bank (RMB) strives to exceed the expectations of its clients by combining high levels of service with an exceptional technological platform to deliver effective sub-custody solutions covering all elements of trade transactions, as well as reporting and analytics.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Global Finance

JULY 24, 2024

Africa— Rand Merchant Bank On the African continent, Rand Merchant Bank (RMB) strives to exceed the expectations of its clients by combining high levels of service with an exceptional technological platform to deliver effective sub-custody solutions covering all elements of trade transactions, as well as reporting and analytics.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

PYMNTS

DECEMBER 2, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Amazon Expands Call Center Business Technology With Voice Recognition. Cobase, Ebury Team Up On FX Payments.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

DECEMBER 15, 2020

Businesses can use a recipient's accounting number or email address to initiate a payment, while transaction data is enhanced to support the reconciliation process. Head of Global Strategy and Payments for Global Transaction Services David Kretz said the solution aims to "remove friction and bring transparency to cross-border payments.".

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

MARCH 5, 2019

In a press release sent to PYMNTS on Monday (March 4), ONPEX revealed it will provide Wirexend with its cross-border payments and Banking-as-a-Service technology so that Wirexend can offer its own business customers with global payment capabilities, enabling customers to access to SWIFT and SEPA money transfer services. ”

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

JULY 10, 2019

Traditional accounts payable suffers multiple points of friction often rooted in that data is stored on paper or stuck in emails, is rarely integrated across multiple back-office systems, and is not easily digitized and analyzed for reconciliation and cash management purposes. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62