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Standard Chartered announced a new partnership with Wise Platform to improve speed and lower costs for its international payments service, SC Remit. Wise Platform’s infrastructure includes over 65 licences and six direct connections to domestic payment systems including the latest one with Philippines’ InstaPay.
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.
SMEs rarely have the funds to invest in sophisticated treasurymanagement systems (TMS), says TreasuryXpress CEO Anis Rahal, part of that is because the TMSs available are hefty, chock-full of tools that not every company actually needs and force a business to spend time and resources on implementation efforts. “In the U.S.,
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
In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph.
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.
One area where elimination of such processes can be of benefit is treasurymanagement — specifically, reconciliation of transactions and liquidity management. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.
In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered and Wise Platform, Wise’s global payments infrastructure for banks, have announced a partnership, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit.
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.
SUNRATE , the global payment and treasurymanagement platform, today announced the launch of its maritime payments solution, aimed at empowering shipping companies and their key stakeholders at Sea Asia 2025.
Founded in 2021 by Ife Johnson and Justin Ziegler , Juicyway enables individuals and businesses to send, receive, and process payments globally. As the creators of Nigeria’s largest price discovery engine, Naira Rates , Juicyway facilitates remittances and provides access to FX through various payment channels.
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?
He is also CEO of his new venture Genesis , a company formed to provide consulting and asset management services in the context of cryptocurrencies. “We’ve seen some ICO project treasuries fall by 80 percent or more, resulting in significantly less runway for building out their product and business,” he continued.
German bank N26 is partnering with financial software firm Eurobase International for its treasurymanagement operations, BobsGuide reported on Monday (Nov. Headquartered in Berlin, N26 will use the Eurobase Siena platform to support its treasurymanagement operations throughout most of the Eurozone, U.K.,
PayRetailers , a leading payment processor in Latin America and Africa, has launched an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for the new sports betting regulations set to take effect on 1 January 2025.
The treasurymanagement unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. PNC TreasuryManagement joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions.
As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. As open banking continues to proliferate in the U.S. “They know they need to reach outside themselves to bridge that gap.”
Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers. The partnership will also strengthen WorldFirst’s participation in the Single Euro Payments Area (SEPA) scheme.
. “CFOs face enormous pressure to know their exposure and cash position at any given time,” said Tom Durkin, head of CashPro® in Global Payments Solutions (GPS) at Bank of America. Additionally, many treasurymanagement systems (TMS) and enterprise resource planning (ERP) providers also host CashPro APIs.
The new Borderless Banking offering is the next big Prometeo solution set to help firms make easier payments following Bank Account Validation offering announced in June 2024. The post Borderless Banking Launched by Prometeo to Make Cross-Border Payments appeared first on The Fintech Times.
Business information technology firm Wipro is stepping into the world of treasurymanagement with an eye on data analytics. 13) that it is rolling out its Treasury DNA platform , which stands for Decisions and Analytics, to provide a cloud-based analytics solution for corporate treasurers. The India- and U.S.-based
Anis Rahal, CEO of treasurymanagement firm TreasuryXpress , has been a vocal proponent of API technology in recent months. Citi, for instance, recently revealed an API for its corporate treasurer customers, a way for these clients to link treasury and ERP solutions straight into Citi. Never in my life.
Deus X Pay , a regulated stablecoin payment provider, announced the launch of NeXus , enabling instantaneous transfers at zero cost across the Deus X Pay ecosystem. With this innovative solution, businesses can enhance their financial operations and treasurymanagement.
The new offering enables Israeli and global Airwallex customers to open accounts, facilitating seamless transactions in ILS via the Israeli payment network. Transfers can be made through MASAV (ACH) or Zahav (RTGS), providing businesses with greater flexibility and efficiency in managing their global financial operations.
Formosa Financial , a treasurymanagement system for organizations to manage their crypto assets, is collaborating with CoolBitX , a blockchain security company, a press release said on Thursday (Dec. The first phase of their partnership sees Formosa’s FMF token securing compatibility on CoolBitX’s crypto app.
Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. The tool will enable PNC clients to disburse money at speed to their own clients as well as their employees, without having to fall back on legacy payment methods.
Coupa Software , which works in business spend management, announced that it has acquired treasurymanagement software BELLIN Group , according to a press release. “I found that the solutions available to treasury professionals were wholly inadequate and not user-friendly,” he said, according to the release.
Transfeera , a company from PayRetailers group specialising in financial solutions, has enhanced its Pix payment capabilities to support betting operators in Brazil as they adapt to new sports betting regulations that took effect on 1 January 2025. These tools streamline onboarding and prevent incorrect or fraudulent payments.
Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. However, Modern Treasury says it digitizes every phase of the workflow while its software supplants legacy infrastructure. 12) announcement.
ION Treasury , a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announces the launch of its Enterprise Payment Hub , a new solution, to centralize, automate, and secure payment processing.
This week's look at the latest in bank-FinTech collaboration and open banking initiatives finds treasurymanagement in the spotlight. Commerce Bank has broadened its partnership with treasurymanagement and order-to-cash solution provider HighRadius to augment its own offerings to corporate clients. Tink & Enel X.
Vilnius, Lithuania, March 5th, 2025, FinanceWire Deus X Pay , a regulated stablecoin payment provider, announced the launch of NeXus , enabling instantaneous transfers at zero cost across the Deus X Pay ecosystem. With this innovative solution, businesses can enhance their financial operations and treasurymanagement.
Transfeera , a PayRetailers company specialising in payment solutions for businesses, is enhancing its Pix payment capabilities to help betting operators in Brazil adapt to new sports betting regulations. The new rules mandate that payments be processed exclusively through bank accounts registered to individual bettors.
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.
GTreasury , a treasurymanagement system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. Goldman Sachs has also partnered with Amazon to offer lending through Goldman’s Marcus brand.
Earlier this week, Anis Rahal, CEO of treasurymanagement company TreasuryXpress, told PYMNTS that the API has potential to disrupt the treasurymanagement solutions space. Reports Wednesday (March 22) said TreasuryXpress has launched its API, Payment+. The API is the future of treasury,” Rahal said in a statement.
This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.
NYSE: CPAY), a global corporate payments company, today announced that it has signed a definitive agreement to acquire GPS Capital Markets , LLC. GPS provides business-to-business cross-border and treasurymanagement solutions to upper middle market companies, primarily in the US. Corpay, Inc.
CheckAlt , which provides treasurymanagement and item processing, is partnering with OmniConnect, NXTsoft 's secure connectivity solution, to allow for faster real-time integrations, a press release says. Those fees can often require lengthy phone calls to reverse them.
UK bank NatWest is partnering with Capco , the management and technology consultancy, as part of efforts to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting. These include an intelligent router, a payments orchestration layer, and a data sync layer.”
In addition to steering their organizations through the murky and rocky waters of an economic downturn, treasury departments are securing a place at the decision-makers' table to offer higher-level guidance. Treasurers will do what they do best: manage risk and balance liquidity and yield," said Turner.
PayRetailers , the payment processor in Latin America and Africa, has launched an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for new sports betting regulations set to take effect on 1 January 2025.
Stablecoin payments provider MANSA has secured $10 million in funding. Stablecoin-based payments solutions company MANSA has raised $10 million to help payment companies alleviate global liquidity challenges. MANSA will use the funds to expand into Latin America and Southeast Asia.
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