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This marks a major step towards instant and 24/7 treasurymanagement for both companies, optimising treasury and working capital management for Ant International and its entities. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. connecting over 90 million merchants in 66 markets to 1.6
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International. DBS Treasury Tokens enables Ant International to reduce the settlement of intra-group transactions from potentially days to seconds.
JPMorgan ’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz , told PYMNTS in a recent Masterclass that the very nature of liquiditymanagement is changing — and leading treasurymanagement professionals to pivot to digitization and move from physical to virtual accounts.
The European Union’s leading bank, BNP Paribas and Ant International , a digital payment and financial technology leader, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.
One area where elimination of such processes can be of benefit is treasurymanagement — specifically, reconciliation of transactions and liquiditymanagement. Real-Time Window To TreasuryManagement. It’s no secret that transactions done between businesses, or across borders, can be mired in manual tasks.
Visa bolsters Asia Pacific product suite Payments giant Visa showcased a range of new products and solutions at Singapore Fintech Festival, revealing plans to roll them out across Asia Pacific. These include: Visa Flexible Credential – This enables a single card product to toggle between payment methods.
If cash concerns keep you up at night, you may need treasurymanagement software for your business. Treasurymanagement describes a whole range of working capital and cash flow concerns, and treasurymanagement tools serve to simplify that side of the balance sheet. What is TreasuryManagement Software?
Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.
Faster and real-time payments capabilities continue to proliferate in the global financial services arena, and consumers aren’t the only beneficiaries of the trend. Corporates, too, are beginning to explore opportunities in real-time transactions in areas like payroll and intra-company payments.
For AccountsIQ, the latest embrace of open banking comes in the form of a collaboration with TransferMate , which has now integrated cross-border payments capabilities directly within AccountsIQ’s accounts payable portal. But there are additional benefits to an API integration for cross-border payments , he noted.
Over the past decade, a wave of innovation has swept through all corners of the payments landscape. Edward Metzger, vice president, market planning payments efficiency at LexisNexis® Risk Solutions, shares his predictions for the key payments trends to watch as 2024 unfurls. Edward Metzger, LexisNexis® Risk Solutions 1.
Coupa Software , which works in business spend management, announced that it has acquired treasurymanagement software BELLIN Group , according to a press release. By integrating the BNP Paribas virtual card, the company said it can mitigate risk better and enable “simpler, smarter and faster” payments.
Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A So Much More Than Payments.
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. Marrying Payments With Data. Emerging Ecosystems.
On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation use cases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasurymanagement).
An integral component of Treasury4s TreasuryManagement System, Payments4 transforms the way organizations handle treasurypayments by consolidating payment operations into a single platform that provides teams with enhanced control, real-time tracking, automated workflows and greater transparency at every step of the payment operations process.
BNP Paribas , the multinational bank, is joining forces with Ant International , a digital payment and financial technology leader, in a move to enhance cross-border payment solutions for merchants and consumers across Europe.
. “With the introduction of Citi RTF, Citi continues to deliver best-in-class, real-time treasury solutions to help our clients remain competitive and agile,” said Citi Services Global Head of LiquidityManagement Services Stephen Randall.
The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-border payments. Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders.
Treasurymanagement system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17). Pater will lead the combined entity as CEO, while Nailand will continue to serve as managing director of Visual Risk.
Large corporates across Asia are driving digital transformation of banking and treasurymanagement in the region, according to new analysis from Greenwich Associates. Analysts said treasurers are focused on the acceleration of banking and treasury processes, as well as the ability to make these tasks more affordable and transparent.
Without centralized data, you can’t have true global cash visibility, making accurate forecasting and liquiditymanagement impossible,” explained Lutz. Without consistent identity and access management controls, it is difficult to control funds and track who has access to make payments on behalf of the company,” he noted.
There was also a 17 percent increase in the number of treasurers that said they are responsible for group liquiditymanagement. In a statement, Kyriba VP of Sales for Northern Europe John Campbell said the survey suggests these money managers are embracing technology within the enterprise.
Basel III is only the start of regulatory impacts on hedge fund treasurymanagement. .” Not to mention, with suppressed interest rates, hedge funds were moving cash into money market funds without any yields — and, in some cases, with fees.
Things have changed of course, because the very nature of payments has changed, and is changing. Batch processing, increasingly, is giving way to real-time payments and processing throughout the day. Business ended at 5 p.m. and wrapped up for the week on Fridays. Putting Change in Context. on Friday, he said.
Nearly three-quarters of those surveyed said senior managers are now demanding greater visibility into liquidity and risk exposures and have turned for corporate treasurers to achieve this insight. Capital allocation, financial risk management, and treasury and payment technologies are also key areas of focus, researchers found.
Nearly three-quarters of the companies surveyed by iGTB said that they experience a lack of integration of their treasurymanagement or ERP systems with the banking solutions offered by their banks — a statistic Cantor deemed “outrageous.”. Why is everybody saying that liquidity [management] is not for the little guys?
Among the speakers was Graham Taylor, Vodafone’s assistant treasurer, who emphasized the potential for PSD2 regulations to have a profound impact on corporate cash management and payments. Reports noted that Taylor pointed to the increasing role of APIs in a PSD2 world. Yet Brexit endures as an obstacle for the profession.
More than two-thirds highlighted the importance of liquiditymanagement, and nearly half said financial metric monitoring has become a more important job for treasurers. The AFP, along with Marsh & McLennan Cos.,
It’s up to treasurers to maintain their focus on liquiditymanagement, forecasting and financial risk management, while also fulfilling a broader mandate to serve as strategic advisors to their organizations.”.
The collaboration will prioritise enabling real-time payments between Singapore and Malaysia, 24/7, via Ant International’s Whale platform. OCBC has previously collaborated with Ant International, joining Alipay+’s network in 2023 to facilitate cross-border payments between Singapore, Malaysia, and South Korea.
Finmo, a treasurymanagement and payments platform, has secured US$18.5 The company provides a unified Treasury Operating System (TOS) that streamlines financial operations, automates treasury processes, optimises liquiditymanagement, and enhances financial decision-making and liquidity optimisation.
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