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Corporate finance executives seem to be readying for real-timepayments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. This adoption curve is likely to repeat itself in a real-timepayments environment, the report predicted.
Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasurymanagement solution.
Faster and real-timepayments 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.
One thing is customer service, but the other is liquiditymanagement or cash flow forecasting, and that's new to a lot of organizations.”. So Much More Than Payments. “It’s not just technical connectivity that financial service executives need to think about as their business or their FI moves to 24/7,” she said.
We expect rapid growth to continue in step with further adoption worldwide of instant digital payment solutions for retail and corporate use. Payment fraud explodes With payments moving online and real-timepayment systems becoming the norm, authorised push payment (APP) fraud is more prevalent than ever.
Rather than the transaction originating within an enterprise resource planning (ERP) or treasurymanagement system, application programming interfaces (APIs) have shifted the perception of where a payment starts and ends. After wading through months of uncertainty, the enterprise has gained a bit more clarity going into 2021.
Treasury4 , an enterprise software platform delivering modern tools for treasury and finance practitioners, has announced the launch of its innovative Payments4 module tailored specifically for the unique requirements of treasury and finance teams. Reduce repetitive work and ensure accuracy with recurring payment templates.
With the number of faster cross-border payments solutions on the rise, financial institutions have to prepare both themselves and their corporate customers for the change. We are seeing a lot of worldwide initiatives to make the move to real-time or almost real-timepayments.
Things have changed of course, because the very nature of payments has changed, and is changing. Batch processing, increasingly, is giving way to real-timepayments and processing throughout the day. As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day.
The collaboration will prioritise enabling real-timepayments between Singapore and Malaysia, 24/7, via Ant International’s Whale platform. This platform utilises blockchain technology, advanced encryption, and AI to enhance the speed, efficiency, and transparency of cross-border transactions.
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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