This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
SMEs rarely have the funds to invest in sophisticated treasurymanagement systems (TMS), says TreasuryXpress CEO Anis Rahal, part of that is because the TMSs available are hefty, chock-full of tools that not every company actually needs and force a business to spend time and resources on implementation efforts. “In the U.S.,
In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph.
One area where elimination of such processes can be of benefit is treasurymanagement — specifically, reconciliation of transactions and liquidity management. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.
German bank N26 is partnering with financial software firm Eurobase International for its treasurymanagement operations, BobsGuide reported on Monday (Nov. Headquartered in Berlin, N26 will use the Eurobase Siena platform to support its treasurymanagement operations throughout most of the Eurozone, U.K.,
He is also CEO of his new venture Genesis , a company formed to provide consulting and asset management services in the context of cryptocurrencies. “We’ve seen some ICO project treasuries fall by 80 percent or more, resulting in significantly less runway for building out their product and business,” he continued.
Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. However, Modern Treasury says it digitizes every phase of the workflow while its software supplants legacy infrastructure. 12) announcement. The company says that over $18.5
As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. As open banking continues to proliferate in the U.S.
Anis Rahal, CEO of treasurymanagement firm TreasuryXpress , has been a vocal proponent of API technology in recent months. Citi, for instance, recently revealed an API for its corporate treasurer customers, a way for these clients to link treasury and ERP solutions straight into Citi. Never in my life.
The treasurymanagement unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. PNC TreasuryManagement joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions.
Business information technology firm Wipro is stepping into the world of treasurymanagement with an eye on data analytics. 13) that it is rolling out its Treasury DNA platform , which stands for Decisions and Analytics, to provide a cloud-based analytics solution for corporate treasurers. The India- and U.S.-based
Formosa Financial , a treasurymanagement system for organizations to manage their crypto assets, is collaborating with CoolBitX , a blockchain security company, a press release said on Thursday (Dec. The first phase of their partnership sees Formosa’s FMF token securing compatibility on CoolBitX’s crypto app.
California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a TreasuryManagement Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We
Paper checks still remain part-and-parcel of B2B payments for many entities, however, something that can obscure the true state of their cash flow, and that can slow the delivery of funds to waiting employees or suppliers. Digital disbursements therefore appear to be taking a greater role in treasurymanagement.
In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. While a growing population of B2B FinTech solutions has helped to connect B2B buyers and sellers, more platforms can create more friction on either end of the equation.
In a recent announcement within the treasurymanagement space, EDI Gateway, a service provider specializing in SMBs and focused on enterprise resource planning and B2B applications, linked up with AZUR , a cloud-based treasurymanagement firm, to offer the latter’s eFinancialSuite to vendors.
Older treasurymanagement and B2B payments technology is constricting overall business, but the technology migration is also difficult, argues Bottomline Technologies' Bill Wardwell.
Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. Treasury is very well-positioned to handle all of these activities,” added Sinha. trillion by 2021.
Coupa Software , which works in business spend management, announced that it has acquired treasurymanagement software BELLIN Group , according to a press release. “I found that the solutions available to treasury professionals were wholly inadequate and not user-friendly,” he said, according to the release.
This week's look at the latest in bank-FinTech collaboration and open banking initiatives finds treasurymanagement in the spotlight. Commerce Bank has broadened its partnership with treasurymanagement and order-to-cash solution provider HighRadius to augment its own offerings to corporate clients.
There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. Emerging Ecosystems.
Firms looking to make business-to-business (B2B) financial operations between the US and Latin America (LatAm) market will now have an easier time doing so as Prometeo, the fintech infrastructure provider connecting global corporations, has announced Borderless Banking.
The relationship between bank and corporate customer is one that, for treasurymanagers, is a crucial one. And with several accounts to track, information flow and decision-making can become difficult to manage. And with several accounts to track, information flow and decision-making can become difficult to manage.
Today in B2B payments, ActiveWorx launches its B2B payment optimization tool, while PayJunction debuts an eInvoicing feature. ActiveWorx Introduces B2B Payments Offering on AP Platform. has rolled out B2B payments optimization offerings on its platform. ActiveWorx, Inc. ActiveWorx, Inc.
Deluxe Corporation is augmenting its treasurymanagement solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe TreasuryManagement said in a press release on Tuesday (Oct.
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.
In addition to steering their organizations through the murky and rocky waters of an economic downturn, treasury departments are securing a place at the decision-makers' table to offer higher-level guidance. Treasurers will do what they do best: manage risk and balance liquidity and yield," said Turner.
Bank global treasurymanagement, told Bank Automation News. The platform, called Advance Receivables, will help automate invoicing and payments along with providing custom methods for collection of invoices, Alberto Casas, head of product for U.S. On the […]
B2B startups saw a little bit of everything this week when it came to venture capital. And that goes for the industries covered, too, with treasurymanagement’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Expense Management. TreasuryManagement.
By using a network of vendors with existing payment and financial terms, TD Bank hopes to expedite the paper processing for supply chain transactions and treasurymanagement.
GTreasury , a treasurymanagement system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. Terry Beadle , GTreasury’s global head of Corporate Development, said the combination would prove valuable.
B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. Along the way, they said, the B2B payments landscape itself will be transformed, chiefly through digitalization and verticalization. Interconnectivity And Embedded Finance.
CheckAlt , which provides treasurymanagement and item processing, is partnering with OmniConnect, NXTsoft 's secure connectivity solution, to allow for faster real-time integrations, a press release says. Even more importantly, this integration also provides real-time access to consumers.”.
The collaboration empowers local licensed institutions and merchants to conduct a wide range of transactions, including B2B, P2P, B2C, and C2B payments. Through this alliance, Thunes and MBANK will facilitate seamless money movement to and from the country.
Financial services firm ION is introducing the industry’s first treasurymanagement solution for cash forecasting, powered by machine learning, the company announced on Thursday (Feb. Developing solutions are on tap to lower costs related to the implementation and time-to-market of a treasurymanagement system (TMS).
It’s no surprise that venture capital rounds in B2B FinTech may be dwindling as the holidays ramp up, but that doesn’t mean the space has gone ignored. Europe and Asia provided more than $19 million across treasurymanagement, corporate FinTech and Software-as-a-Service. TreasuryManagement.
When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.
Bank Advanced Receivables brings together the bank’s leading payment and risk management capabilities with Billtrust’s top AR technology to improve the intricate business-to-business (B2B) receivables process. Bank Global TreasuryManagement. With Advanced Receivables and AP Optimizer, U.S.
In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.
Treasurymanagement technology provider BELLIN has revealed it is the first treasurymanagement solution provider to secure the Compatible Application SWIFT gpi for Corporates label. has debuted its B2B payments platform DTransfer, which uses blockchain to enable real-time, cross-border business payments.
Fides Treasury Services is integrating corporate payments capabilities into its offering. 5) that it is launching EFT Web, a platform for corporate treasurers to execute and manage payments. The company announced Thursday (Oct. Corporations want their payments executed on time and at low cost,” added Lutz.
The April B2B API Tracker™ looks at how companies engaged in cross-border trade are turning to API solutions to reduce the friction that some players encounter when engaged in cross-border trade. A Passport to Simpler X-Border B2B Payments. To download the April edition of the PYMNTS.com B2B API Tracker™, click the button below…. .
Earlier this week, Anis Rahal, CEO of treasurymanagement company TreasuryXpress, told PYMNTS that the API has potential to disrupt the treasurymanagement solutions space. The API is the future of treasury,” Rahal said in a statement. Now, the company is acting on that belief.
HighRadius is launching a B2B payments platform. The new platform will have three main components to help businesses lower costs: Payment Gateway, Surcharge Management, and Interchange Fee Optimizer. TreasuryManagement software company HighRadius announced plans late last week to launch a B2B payments platform.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content