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

Global Finance

JULY 22, 2024

The bank’s growing investment in talent and technology ensures its continued growth and profitability.” Editorial Coverage of JP Morgan Innovation Beyond Technology: Q&A With J.P. ” said Joseph Giarraputo, founder and editorial director of Global Finance. “ Morgan Payments’ Lori Schwartz JPMorgan Logs Onto Web 3.0

Banking 98

Banking Foreign Exchange Finance Investments 98

PYMNTS

MARCH 26, 2020

Western Union will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program. Western Union recently partnered with Integral for a new risk management mechanism called Integral BankFX.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

PYMNTS

OCTOBER 23, 2018

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. 22), BofA Merrill said the solution also integrates data analytics and machine learning technologies to accelerate the process.

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

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. Cape Debuts 'Recession Fighting' Credit Card.

Foreign Exchange 89

Foreign Exchange Banking Nonprofit Valuation 89

PYMNTS

OCTOBER 8, 2019

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday (Oct. enabling those firms to access a custom platform that integrates with Citi’s existing foreign currency payments solution.

Foreign Exchange 74

Foreign Exchange Treasury Currencies Banking 74

PYMNTS

JUNE 19, 2020

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering. The technology can be put into place on the cloud or on location via one platform with one infrastructure.

Risk Management 64

Risk Management Foreign Exchange Treasury Banking 64

PYMNTS

NOVEMBER 2, 2016

A Japanese bank consortium gearing up to create a new real-time payments platform using blockchain technology from SBI Ripple Asia has expanded to 42 members. According to a report , the group launched in August with 15 members, and SBI Ripple Asia had expected to increase the size to 30 banks.

Foreign Exchange 77

Foreign Exchange Banking Currencies Technology 77

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 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

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

MARCH 16, 2020

There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

CFO News Room

NOVEMBER 1, 2022

Stryker – The medical technology company dropped 4% after cutting its outlook due to inflation and foreign exchange pressures. SoFi – The fintech company jumped 10% on the back of a smaller-than-expected quarterly loss and revenue that exceeded analysts’ forecasts. Eli Lilly – The drug manufacturer dropped 4.8%

Foreign Exchange 130

Foreign Exchange Profit and Loss Budgeting Advertising 130

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

PYMNTS

AUGUST 11, 2020

Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. 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

PYMNTS

JULY 24, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

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

Future CFO

APRIL 10, 2022

On the wholesale side, the leading project in the Index is the combined effort of the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BoT) to launch the mBridge project, focused on developing a proof-of-concept prototype to enable real-time, cross-border foreign exchange payments on distributed ledger technology, the firm pointed out.

Foreign Exchange 98

Foreign Exchange Currencies Retail Banking 98

PYMNTS

NOVEMBER 17, 2020

Customers will be able to compare purchase orders alongside invoices before going to straight to payment in more than 145 currencies with the AP technology of Beanworks and the payments technology of Cambridge brought together. Firms can start wire transfers and other payments with the Beanworks system as a result of the collaboration.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

APRIL 16, 2020

Deutsche Bank achieves PromptPay by combining instant payments with API technology in order to create “interactive” experiences. In addition, Deutsche Bank has also made headlines for its work in Sri Lanka helping with a new digital foreign exchange program.

Foreign Exchange 91

Foreign Exchange Currencies Banking Technology 91

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

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. His remarks triggered more businesses to explore blockchain technology.

Foreign Exchange 54

Foreign Exchange Construction Finance Technology 54

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 offering will allow companies to incorporate the instant electronic Direct Debit Authorisation (eDDA) into their own technologies in addition to real-time fund transfer services.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

PYMNTS

FEBRUARY 11, 2020

Technology’s New Approach To Trust. Automation technology has made an effort to address financiers’ biggest trade finance risks and the knock-on effects of a lack of trust in the market. One of the most promising tools in this space, according to Tarone, is blockchain. But blockchain goes further, said Tarone. ”

Technology 53

Technology Finance Foreign Exchange Invoicing 53

CFO News Room

NOVEMBER 2, 2022

The company said it was hurt by higher costs, Chinese Covid lockdowns and fluctuating foreign exchange. The industrial technology firm reported sales of $884.9 Broadridge Financial — Shares fell 6% after the financial technology company missed profit and sales expectations in its most recent quarter. billion.

Foreign Exchange 130

Foreign Exchange Transportation Entertainment Advertising 130

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

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. Trade finance technology firm Surecomp is expanding its capabilities for developers and lenders, launching an API dubbed APIsure.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

SEPTEMBER 18, 2020

Stem’s target client base, said Rabkin Lewis, consists of “not just the artists, but also their management teams, the labels that work with and all the various collaborators, songwriters, producers … all of them are part of a population of creators that we see as being underserved by financial tools and technologies.”.

Foreign Exchange 125

Foreign Exchange Accounting Investments Manufacturing 125

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

JANUARY 3, 2017

Whether you believe the hype or not, blockchain technology is attracting massive investments, exploration and competition across the globe. In 2017, Wyre said, blockchain technology offers the opportunity to reduce both of those metrics. Businesses doing B2B trade between the U.S. trillion in just five years. reports noted.

Foreign Exchange 99

Foreign Exchange B2B Technology Numbers 99

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. 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

JUNE 17, 2019

MoneyGram has tapped into foreign exchange markets for settlements in the past. Newer blockchain technologies have the potential to revolutionize this process and optimize capital deployment.”. In addition, the deal encompasses warrants for up to $20 million in additional stock that is newly issued at $4.10

Investments 84

Investments Foreign Exchange Planning Currencies 84

CFO Talks

AUGUST 29, 2024

Using Technology Today’s digital tools can make treasury management easier and more accurate. Practical Tip: Invest in technology that integrates with your existing systems. For CFOs in South Africa and Africa, this includes things like exchange control laws and anti-money laundering rules.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

NOVEMBER 12, 2020

The Financial Stability Board this month issued a warning for financial institutions (FIs) that outsource key technologies and functions, warning of " systemic risk " associated with too much reliance on a third-party partner. But it may not always be smooth sailing ahead.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

PYMNTS

OCTOBER 20, 2020

Information technology services provider Mphasis is teaming with global enterprise services provider R3 to work on blockchain-based payment solutions, a press release says. It works through a variety of business fields including financial services, healthcare and oil and gas, according to the release.

Foreign Exchange 82

Foreign Exchange Healthcare B2B Finance 82

PYMNTS

DECEMBER 13, 2018

UAE Exchange, the United Arab Emirates-based company, and Ripple, the blockchain technology company based in the U.S., are gearing up to launch cross-border remittances to Asia using blockchain technology. Blockchain technology to power these services is expected to play a big role in the coming years.

Foreign Exchange 75

Foreign Exchange Technology Banking Finance 75

PYMNTS

MARCH 16, 2020

Western Union, known for cross-border payments and money moving maneuvers, will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program, the release states.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63