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BofA’s CashPro® App Will Surpass a Record $1 Trillion in Payment Approvals for the Year

Fintech Finance

By the end of 2024, Bank of America corporate clients will have made over $1 Trillion in payment approvals on the banks CashPro App, the mobile application that companies use to manage their treasury operations. 1] Lauren Hobbs, Cash Management Manager at the energy infrastructure company Sempra, is a CashPro super user.

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SAP Fioneer Revolutionizes Payments with AI-Powered Virtual Account Management at Pay360

Fintech Finance

SAP Fioneer , a leading global provider of financial services software, today announced a significant advancement in its Virtual Account Management (VAM) solution, unveiling plans for AI-driven enhancements that will redefine the future of banking payments.

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Swift opens API channel for ISO 20022 corporate payment tracking

Finextra

Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain.

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StanChart to Support StraitsX Stablecoin Reserves

Fintech News

StraitsX, a Singapore-licensed stablecoin issuer and digital payment infrastructure provider, has partnered with Standard Chartered to strengthen the reserve management of its U.S. Dollar (XUSD) and Singapore Dollar (XSGD) stablecoins. Standard Chartereds involvement brings institutional-grade reliability to the stablecoins.

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CoCoNet Partners With Raifeissen On B2B Payment, Cash Management

PYMNTS

Raiffeisen , the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement says. Switzerland has generally been ahead of the game in the world of digitizing payments, but other countries have begun looking at ways to speed things up.

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Digital cash management maximizes open banking's impact

Payments Source

With the introduction of open banking, different department managers have wider access to modern transaction tools, says Trovata.io's Brett Turner.

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Partior Closes Series B at US$80 Million with Deutsche Bank Investment

Fintech News

Deutsche Bank’s additional investment reinforces Partior’s plans to scale its operations globally and enhance cross-border capabilities as well as develop functions like Intraday FX swaps and Just-in-Time multi-bank payments. Established in 2021 and backed by DBS Bank, J.P.