PYMNTS

APRIL 10, 2019

The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times.

Risk 54

Risk Risk Mitigation Risk Management Data Breach 54

PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 43

Risk Management Risk Treasury AFP 43

PYMNTS

JUNE 20, 2017

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted. One is in assessing counterparty strength.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

PYMNTS

JANUARY 24, 2019

Automated risk management solutions can be helpful in theory. That’s the idea behind Dun & Bradstreet’s D&B Compass solution, launched this week to automate third-party risk management for procurement and compliance professionals.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

PYMNTS

JULY 23, 2019

Tokyo Shoko Research, a Japan -based commercial database, has signed an agreement with SAP Ariba in the latter’s effort to strengthen its supply chain risk mitigation offerings. million Japanese companies to augment its SAP Ariba Supplier Risk solution, the companies said in a press release Monday (July 22).

Risk 47

Risk Risk Mitigation Payment APIs and Integration Database 47

PYMNTS

MARCH 8, 2019

Insurance firm Zurich is introducing a new supply chain risk management service in conjunction with riskmethods, reports in Global Banking and Finance Review said Thursday (March 7). Risk management is about identifying, assessing and controlling risk from an operational level and making decisions to balance the benefits,” she said.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

PYMNTS

MARCH 3, 2017

Citi released a new report this week warning corporate treasurers to improve their FX risk mitigation efforts. Most of the companies surveyed have mature FX risk mitigation solutions deployed in their enterprises, the research found. The bank said Thursday (Mar. The bank said Thursday (Mar.

Risk Mitigation 40

Risk Mitigation Risk Mitigation Treasury 40

PYMNTS

MARCH 14, 2016

Supplier risk mitigation is key for any B2B trade deal, especially as these transactions grow across borders into uncharted territory with unfamiliar business partners. Online B2B eCommerce site DHgate.com is looking to ease anxieties of international trade by launching a trust and safety department.

Cross-Border 40

Cross-Border Risk Mitigation B2B Risk Management 40

PYMNTS

JUNE 17, 2020

Today, B2B payment terms are in dramatic flux, while supply chain disruptions have led to bottlenecks that leave some vendors in short supply of cash. Broadening Risk Mitigation. As such, trade finance will be an important piece of the global recovery puzzle. ”

Finance 68

Finance Mitigation B2B Underwriting 68

PYMNTS

AUGUST 23, 2017

Business intelligence company CubeLogic has announced its support for Trade Credit Insurance as part of an overall risk mitigation strategy. ” The company noted while it supported the use of Trade Credit Insurance, the tool should not be used as a replacement for broad risk mitigation strategies.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Risk Management 40

PYMNTS

DECEMBER 13, 2018

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. Trade tensions between the U.S.

Risk 62

Risk Risk Mitigation Mitigation Cross-Border 62

PYMNTS

OCTOBER 14, 2019

Many of the risks that companies face not only stem from these vendors further down the supply chain, but often aren’t recognized by corporations struggling to obtain visibility and connectivity to those suppliers beyond the first tier. ” Data Evolution. ”

Risk 53

Risk Risk Mitigation Innovation Mitigation 53

PYMNTS

OCTOBER 23, 2020

"That process of gathering data and having your expert personnel evaluate it to determine that risk is definitely the biggest challenge.". Risk Focus In Flux. Pre-pandemic, cybersecurity risks among third-party partners like suppliers had been top priority. Thinking Ahead.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

PYMNTS

OCTOBER 30, 2020

It's one of the biggest blind spots in supply chain risk management, said Allis. It gives a wealth of intelligence, where now you can say, 'in this one facility that needs to continue running, I'm dependent on one main vendor that's got a very high risk score. I need to be proactive there,'" said Allis.

Risk 73

Risk Third Party Vendors Risk Management Risk Mitigation 73

PYMNTS

JULY 24, 2020

Today, they’re managing this workload in a remote setting on top of a slew of other pressures facing organizations. So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Lackluster Risk Strategies. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

SEPTEMBER 29, 2017

Managing Risk. One of the most crucial areas for banks’ treasuries is risk mitigation , which, according to Beaulande, has become more complex as it relates to other areas of treasury management. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

PYMNTS

NOVEMBER 11, 2016

But sophisticated data management does offer some predictability to vendor risk mitigation and supply chain management. Blake told PYMNTS that, for larger organizations that deal with multiple vendors across multiple geographies, supply chain risk is on the tip of everyone’s tongue.

Risk 68

Risk Risk Mitigation Mitigation Risk Assessment 68

PYMNTS

MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis.

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

MARCH 16, 2018

But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. TMS providers have great platforms, and we have a great position in risk management as it relates to FX.”. In the U.K.,

Treasury 53

Treasury Payment APIs and Integration API Treasury Management 53

PYMNTS

SEPTEMBER 11, 2018

According to Jay Wissema, director of business development at cross-border payment solutions provider Volopa, recent events in the global markets have heightened awareness of the importance of foreign exchange volatility risk mitigation. Part of SMBs efforts’ to address a volatile market should be FX risk mitigation.

Cross-Border Payments 40

Cross-Border Payments Risk Mitigation Cross-Border Small Business 40

PYMNTS

JUNE 15, 2018

In a press release issued on Thursday (June 14), the companies announced their partnership aimed at increasing visibility and risk mitigation in businesses’ supplier sourcing and management processes, and through their overall procurement operations. ”

Risk Management 43

Risk Management Mitigation Risk Mitigation Risk 43

PYMNTS

SEPTEMBER 6, 2017

In a survey of treasurers across more than 200 companies in various parts of the globe, Deloitte found that the corporate treasurer continues to be positioned as a risk-management function of organizations: 97 percent said that the treasurers’ role in liquidity risk management is important.

Risk 43

Risk Treasury Treasury Management Risk Management 43

PYMNTS

MAY 7, 2020

In times of volatility, corporates and their business partners must collaborate to find common ground and ensure that cash continues to flow favorably for both sides of a B2B transaction. Argos Risk, Gatekeeper Enable Third-Party Management. The ultimate B2B payment is really a virtual card,” he said.

Payer 60

Payer Digital Currency B2B Accounts 60

PYMNTS

NOVEMBER 30, 2018

With more than $370 million raised by B2B startups this week, investors are showing their support for companies that help other businesses embrace digitization. In addition to the new funding, Deskera announced the debut of its B2B eCommerce platform Desk, allowing small businesses to buy and sell online.

Process 62

Process Participant CRM AI 62

PYMNTS

APRIL 27, 2016

Deloitte noted that corporations are increasingly looking to alternative FX risk management solutions apart from derivative hedging. But while companies explore new ways to handle this aspect of treasury, there are some mistakes treasurers make that allow FX risks to remain unseen. Where Treasurers Go Wrong.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

PYMNTS

JULY 15, 2019

Supplier risk and supply chain compliance company Sword GRC is collaborating with Brazil-based Procurement Garage to expand across Latin America, the companies announced in a press release Friday (July 12). Both buyers and suppliers are turning to technology to support their risk-mitigation efforts. China trade wars.

Risk 40

Risk Risk Management Risk Mitigation Best Practices 40

PYMNTS

MAY 19, 2016

Risk mitigation is often thought of in the context of FX volatility and global trade. According to the executive, it becomes a problem when the FX and hedging platforms, cash and treasury management tools and commodities procurement processes don’t all interconnect with each other. Technology Changes The Game.

Risk 40

Risk Treasury Management Treasury Risk Management 40

PYMNTS

MAY 8, 2018

The report also found evidence that greater collaboration across internal company departments was linked to improved cost, capital and risk management; more than two-thirds of CFOs noted they believed technology improvement was vital to risk mitigation, with business performance risk cited as the No.

Risk Mitigation 46

Risk Mitigation Mitigation Risk Management Cost Management 46

PYMNTS

MAY 17, 2018

According to a press release Wednesday (May 16), the European Central Bank (ECB), based in Germany, has chosen OpenLink to provide treasury and risk management technology to manage its euro-dominated investment portfolio, foreign reserves and other asset purchase programs.

Treasury Management 43

Treasury Management Central Bank Treasury Due Diligence 43

PYMNTS

JUNE 15, 2018

Barclays is collaborating with one of the graduates of its accelerator program to develop enhanced risk mitigation tools. In an announcement sent to PYMNTS, Barclays reported a partnership with Simudyne , a graduate of the Barclays Accelerator, to test new risk mitigation solutions.

Risk 40

Risk Risk Mitigation Mitigation Small Business 40

PYMNTS

JUNE 25, 2020

Planning for the future within an organization means mitigating risks that may or may not come to fruition. Third-party risk management will emerge as an essential component of business resiliency for corporate treasurers, said Barker.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

PYMNTS

DECEMBER 11, 2018

“Boards of directors and executive management teams cannot afford to manage risks casually on a reactive basis, especially considering the rapid pace of disruptive innovation and technological developments in an ever-advancing digital world.” ” A Closer Look At The Risks.

Mitigation 65

Mitigation Risk Risk Mitigation Research 65

PYMNTS

NOVEMBER 6, 2018

The tool interconnects Shell’s central treasury office to its 718 operating units to manage foreign exchange (FX) risk and volatility with its more than 200 bank partners. “Now, we can more efficiently route market requests from regional centers around the world to our central treasury.

Treasury 53

Treasury Treasury Management Risk Mitigation Blockchain 53

PYMNTS

JULY 11, 2017

Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

PYMNTS

APRIL 6, 2016

When B2B payments firm Saxo Payments released a new whitepaper outlining the troubles of cross-border payments for corporates, the company was gearing up for its latest release: a real-time foreign exchange trading platform, integrated into its Banking Circle portal.

Risk 40

Risk Cross-Border Payments Cross-Border Payer 40

The Fintech Times

JUNE 11, 2024

We bring people, technology and commerce together with every payment, helping companies of all sizes navigate the often challenging world of foreign exchange, risk management, and compliance. We help our customers through these changes both at an operational and strategic level by assisting them with FX risk mitigation strategies.

Cross-Border Payments 59

Cross-Border Payments Compliance Cross-Border PayPal 59

PYMNTS

SEPTEMBER 11, 2018

. “However, I would say many businesses do not fully understand, or have awareness of, the different risk management tools.” ” SMBs particularly appear challenged by FX risk mitigation, he noted.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Multi-Currency Risk Mitigation 40