Fintech News

JULY 14, 2024

Traditional cross-border payments encounter various challenges, including delays, high costs, lack of transparency, multiple intermediaries, variable processing speeds, and differing compliance standards across correspondent banks.

Cross-Border 107

Cross-Border Correspondent Bank Multi-Currency Settlement 107

The Fintech Times

MARCH 6, 2025

BVNK will hold on to or exchange balances and deal with third-party payments through its multi-rail access, all in a single product. But theyre not perfect for every use case and moving money between traditional currencies and stablecoins is still challenging. Why stablecoins?

Stablecoins 59

Stablecoins Payment APIs and Integration FedWire Multi-Currency 59

Fintech Finance

MARCH 10, 2025

Known for its fiat and crypto correspondent account services for financial institutions, Clear Junction’s continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Multi-Currency 59

Fintech Finance

OCTOBER 21, 2024

Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly.

Cross-Border 98

Cross-Border Global Payments Cross-Border Payments Multi-Currency 98

Fintech Finance

MARCH 6, 2025

Known for its fiat and crypto correspondent account services for financial institutions, Clear Junctions continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Multi-Currency 52

Fintech Finance

JUNE 5, 2024

A host of new currencies are scheduled to be switched on for Ripple customers later this year. Blockchain technology and cryptocurrencies will definitely be at the core of the evolution of correspondent banking and we are happy to partner with Ripple to be a part of this process.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Multi-Currency IBAN 98

PYMNTS

JULY 15, 2020

When sending a payment via the legacy correspondent banking network, for example, businesses will often decry the lack of speed and transparency involved as funds bounce from one financial institution (FI) to another. An alternative to this payment strategy is to open up a bank account in each market in which a business operates. .

Cross-Border 67

Cross-Border Cross-Border Payments Multi-Currency Correspondent Bank 67

PYMNTS

AUGUST 21, 2020

“As the year has progressed, we are starting to see the shoots of recovery, and growing interest in forward-currency contracts acts as a leading indicator of the level of international trade on the horizon,” he recently told PYMNTS. “But payments is just one side of the equation,” noted Conibear. A Holistic Approach.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

Clearly Payments

NOVEMBER 23, 2024

Chase offers tools such as POS systems, e-commerce integration, and multi-currency processing, making it an ideal partner for businesses with global operations. This allows Meridian to deliver advanced payment tools, such as multi-terminal POS systems and contactless payment options, helping businesses stay competitive.

Credit Union 59

Credit Union Process Online and Mobile Banking Processors 59

PYMNTS

JUNE 13, 2019

The transactions between businesses are done on an account-to-account basis, as opposed to using the existing correspondent banking network — which, of course, relies on intermediaries. The platform can be leveraged to provide services across multi-currency wallets, and real-time notifications on FX transactions.

B2B 75

B2B Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

VISTA InfoSec

APRIL 3, 2024

Unencrypted Data Data is a highly valuable currency of its own in the digital age, so it’s vital for any business to make data protection a major priority. Encryption is a vital safeguard that transforms data into a format that is unintelligible without the corresponding decryption key.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

PYMNTS

SEPTEMBER 14, 2018

13) that its Global Currency Account is now available to importers and exporters in the U.K. The service targets businesses trading online across borders, providing a platform to manage multiple currencies in a single solution. Foreign exchange solutions company OFX is expanding its services in the U.K.

Accounts 40

Accounts Cross-Border Multi-Currency Cross-Border Payments 40

Nanonets

APRIL 29, 2024

It is the process of comparing and matching credit card transactions with corresponding spends and financial records to ensure accuracy and transparency in financial reporting.  It ensures that credit card transactions are accurately recorded and reconciled with corresponding entries in the company's accounting records.

Reconciliation 52

Reconciliation Credit Cards Correspondent PCI DSS 52

PYMNTS

JANUARY 29, 2021

Visa and TransferWise announced this week that they have created an international partnership that will deploy and grow TransferWise's multi-currency debit cards and mark the inaugural use of Visa Cloud Connect. Loyalty and rewards programs correspond with more than just heightened monthly spending.

Digital Payments 55

Digital Payments FedNow Federal Reserve Debit Card 55

Nanonets

JULY 18, 2023

Bank Reconciliation NetSuite automates bank reconciliation by importing bank statements and automatically matching transactions with corresponding records in the system. The platform can automatically match incoming invoices with the corresponding purchase orders and goods received notes.

Automation 52

Automation Reconciliation Audit Correspondent 52

Nanonets

OCTOBER 8, 2024

Initially dominated by traditional OCR engines like Tesseract, newer solutions such as CRF (Contextual understanding for Improved recognition) or LSTM (Long Short-term memory for sequence recognition) have emerged, offering improved accuracy, multi-language support, and the ability to process complex document structures.

API 52

API Multi-Currency Legal AI 52

Nanonets

NOVEMBER 14, 2023

AP software enables businesses to store supplier preferences and currencies, ensuring the payment process is smooth and fair. Digital transformation within the AP process can, and should, be multi-faced. Greater Visibility and Control : AP automation provides real-time visibility into the AP process, from invoice receipt to payment.

Accounts 52

Accounts Automation Compliance Fraud Prevention 52

Nanonets

APRIL 14, 2024

Then, through a direct integration with Business Expenses Combine Microsoft Power BI and Sage Intacct to unlock the ability to make decisions with dynamic data visualizations Sage software, those expenses can be tracked in corresponding accounts in Sage Intacct.

Payroll 52

Payroll Automation CRM AI 52

PYMNTS

MAY 20, 2016

Walmart also saw foot traffic on the rise – again carrying forward a multi-quarter trend. “Globally, on a constant currency basis, eCommerce sales and GMV grew 7 percent and 7.5 is outpacing international efforts – the bad news is that this strength corresponds with relative weakness in Brazil, China and the U.K.,

Multi-Currency 40

Multi-Currency Correspondent Volume Continuity 40

FICO

JANUARY 19, 2022

Trade your digital artwork (aka NFTs) using crypto currencies. Such art is primarily traded on digital platforms using crypto currency, making tracking and controlling the trade and the vast sums of money behind it even more opaque. Read the full post: NFTs and Money Laundering - Are Fraudsters Becoming Artists?

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

Nanonets

FEBRUARY 28, 2024

GL Coding General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger into corresponding GL account. Each GL account is associated with corresponding GL code. Multi-Currency Support : Handling of transactions in multiple currencies.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

Nanonets

APRIL 18, 2023

The OCR engine splits the document into physical “zones” that could correspond to a particular field.  The extraction of text from complex data fields, such as multi-line postal addresses is also challenging. PDF invoice readers typically fall under this category.

Automation 52

Automation AI Data Security XML 52

Nanonets

MARCH 30, 2023

Positive Pay Files transmit a file of issued checks to corresponding banks daily, enabling verification of authorized payments. This includes implementing encryption, multi-factor authentication, and regular monitoring of access logs. Making payments across 45+ currencies globally, using ACH, card or wires.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

SEPTEMBER 25, 2024

For instance, if the bank statement shows a $1,000 deposit on a specific date, it matches the corresponding entry in the accounting records.   Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches. 

Process 52

Process AI Best Practices Reconciliation 52

Nanonets

MARCH 30, 2023

As we enter the sixth decade of the information age, data has become a currency of the business world. The user can train the Nanonets model by providing it with sample documents and the corresponding data that should be extracted from them. The user can also customize the model by adjusting the extraction rules.

Process 52

Process Automation Compliance Volume 52

Nanonets

MARCH 28, 2024

It uses advanced AI and OCR to handle complex, multi-format invoices, while Ramp's AI is more limited. Multi-format invoice processing: Handles invoices in various formats, including PDFs, scans, and emails. Intelligent receipt matching: Uses advanced algorithms to match receipts to the corresponding transactions automatically.

Payment APIs and Integration 52

Payment APIs and Integration Automation AI Treasury Management 52

Nanonets

JUNE 29, 2023

Top features: Rewards and incentives in the form of cashbacks Easy-to-use cards, spend limits, approval flows, vendor payments Average savings of 3.5%

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

SEPTEMBER 23, 2023

Look for software that offers bank-level encryption, data backup and recovery options, and multi-factor authentication. It offers features like time tracking, project management, expense tracking, and multi-currency invoicing. Financial data is highly sensitive, and protecting it from unauthorized access is crucial.

Small Business 52

Small Business Accounts Automation Compliance 52

Nanonets

NOVEMBER 19, 2023

The invoice settlement process is a multi-step procedure. After posting, the accounting system will automatically reconcile the payment with the corresponding invoice, closing out the payable. Some invoices may be in a different language, have a foreign currency, or be subject to different compliance laws.

Settlement 52

Settlement Disputes Payment APIs and Integration Accounts 52

Nanonets

JANUARY 17, 2024

As InnovateX opened a new office in another country, the system was already able to handle multi-currency expenses and different tax regimes. Moreover, for businesses operating internationally, managing expenses in multiple currencies can be intricate. Effective expense management directly contributes to profitability.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Fintech Labs Insights

MARCH 24, 2016

In an increasingly global economy, Valuto’s multi-currency account helps small businesses send and receive payments in five different European currencies. The multi-currency account leverages Valuto’s P2P currency exchange marketplace offering a foreign exchange solution at a lower cost than banks.

Multi-Currency 17

Multi-Currency API Payment APIs and Integration Accounts 17

Fintech Finance

JANUARY 29, 2025

Greys primary focus is emerging markets, and the company has created a range of products that enable individuals to own and manage multi-currency accounts, conduct real-time money transfers to over 80 countries, and enjoy the convenience of virtual cards for global spending.

Payment Solutions 59

Payment Solutions Multi-Currency Payments Regulatory Compliance 59

PYMNTS

JANUARY 9, 2019

That is geared toward eliminating pre-funding needs of banks to have foreign currencies on hand tied to destination currencies. Where capital is free to roam (in a way) beyond the confines of the traditional correspondent banking system, it can be deployed in other ways, making money cheaper to move, and speedier to move too.

Cross-Border 76

Cross-Border SWIFT Correspondent Bank Multi-Currency 76

Nanonets

APRIL 7, 2025

Handling unstructured data Much of healthcare data is unstructured, including physician notes, patient narratives, administrative correspondence, and imaging reports. These models can process multi-page documents, lengthy tables, and various EHR/EMR formats as well as billing systems and administrative platforms with ease.

Automation 52

Automation Regulatory Compliance Compliance Payment APIs and Integration 52