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Leading global fintech Airwallex today announced that it now enables businesses to receive and hold funds in Israeli Shekels (ILS) through its Global Accounts and multi-currency wallet.
The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasurymanagement, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquidity management 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.
Airwallex, a global payments and financial platform, has formed a multi-year collaboration with the McLaren Formula 1 team. Previously constrained to a single currency account based in the UK, McLaren faced challenges like high foreign exchange fees, slow transaction times, and additional charges. billion annually.
Pave Bank is a regulated commercial bank that offers business banking products such as multi-currency operating accounts, global payment connectivity, and treasurymanagement solutions. Pave Bank is a full reserve bank, so all deposits and funds held will not be lent out or invested.
Cross-border payment and FX fintech firm Neo is celebrating profitability – as an increasing number of SMEs explore alternatives to banks to manage their international business needs. Neo has been able to help businesses through its multi-currency account.
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.
The relationship between bank and corporate customer is one that, for treasurymanagers, is a crucial one. In a world of cross-border transactions, geopolitical upheaval and currency volatility, corporates traditionally forge relationships with several banks.
Neo , the treasurymanagement, payments and FX fintech, has launched a new international multi-currency account service for small and medium-sized enterprises (SMEs).
McLaren Racing now has the flexibility to pay each global vendor in their local currency while reducing transfer times. As a result of leveraging Airwallex’s end-to-end payment system, McLaren Racing today receives competitively priced foreign exchange (FX) rates and moves money through an extensive local payout network.
Airwallex , a leading global payments and financial platform for modern businesses, today announced a multi-year partnership with the McLaren Formula 1 team , one of the sport’s most iconic brands. A truly global sporting event with races held in 24 cities, Formula 1’s multi-market reach and impact are unrivalled. billion annually.
Airwallex , the global payments and financial platform, has entered a multi-year partnership with the McLaren Formula 1 team, which will see it support McLaren’s global financial operations through its treasurymanagement and cross-border pay-outs and settlement product suite.
Neo, the cross-border payments and FX fintech, has today announced that the firm is now profitable as an increasing number of SMEs explore alternatives to banks for managing their international business needs. Neo has been able to help these businesses through its multi-currency account.
Services include cash management and cross-border payment and currency conversion across APIs. The latter offering includes multi-currency processing. The hedging offering lets treasurers automate FX management functions.
With only their card number, business customers can send funds to payees in 78+ countries and in more than 50 currencies in 30 minutes or less. By leveraging Visa Direct, Revolut can now allow its commercial clients to send money across international borders in real time. “We’re excited to launch Instant Card Transfers in the U.K.
The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currencymanagement. HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8).
Globalization of supplier relations requires the implementation of technological solutions able to securely manage transactions in a multi-country, multi-bank and multi-currency context. Pimkie is a women’s fashion company with suppliers based in Asia, Turkey and North Africa.
Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-border payments. The firm’s CenttripNow tool enables multinational corporates to make local and international payments in 15 different currencies, with transactions settled in “a matter of seconds.”
“And even once those connections are in place, accessing data through multiple bank portals, or even through a TMS [treasurymanagement system], often requires manual work.” ” Challenge Turned Opportunity.
Pave Bank is a fully regulated commercial bank where clients can get business banking products (such as multi-currency operating accounts, global payment connectivity, and treasurymanagement solutions). They will also have access to multi-asset custody, virtual IBANs, safeguarding accounts and PaveNet.
The virtual accounts support cash and multi-currencymanagement and will streamline multiple accounts and transactions into a single platform to support centralized payments and receivables for treasurers managing transactions across multiple and single entity structures. That missed U.S.
Customers also get a multi-currency card that enables transactions in 17 currencies around the world. Users of the Salt banking app can take advantage of money management tools, in-app card controls, as well as Apple and Google Pay in-app provisioning. Chilean fintech Radar secured $1.5
Separately, the European Central Bank , based in Frankfurt, Germany, has said that it chose Openlink to provide the bank’s risk and treasurymanagement system. The bank serves 19 European countries, it said in a statement, with the Euro as their currency. In addition, the company has partnerships in place with several banks.
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. Nanonets does 3-way matching invoices, POs, and receipts; Ramp only does 2-way matching. Who is Airbase a good fit for?
Smaller companies today are trading internationally and are becoming multi-banked businesses with FX needs. Not to mention, the banks’ customer relationship managers are stretched, with too many SMEs assigned to too few individuals at the bank, he said. You sort of almost feel like saying, ‘Are you writing this all down?’”
Corporate payments company Corpay launched multi-currency accounts. The new multi-currency accounts allow businesses to receive, hold, and pay in 12 currencies through dedicated accounts. Corpay joins a long list of fintechs, including Wise and Revolut, that offer multi-currency accounts. billion.
Melvyn Low Melvyn Low, Head of Global Transaction Banking, OCBC, said, “In this collaboration with Ant International, we will leverage our joint blockchain capabilities to enable faster, seamless multi-currency clearing and settlement for Ant International’s intra-group treasury and liquidity management.
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 liquidity management, and enhances financial decision-making and liquidity optimisation.
By combining advanced technology with deep financial expertise, the company provides businesses with the tools they need to streamline cross-border transactions, mitigate currency risks, and expand with confidence. They can pay in over 100 currencies across 200+ markets, with 90% of transactions settling on the same business day.
Banks that fail to modernise risk becoming obsolete in key areas such as FX, treasurymanagement, and international payments. Providing automated cash management solutions, real-time FX insights, and seamless multi-currency payments within a unified platform can help banks defend their position in this lucrative space.
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