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Modern Treasury , the leading payment operations platform built for the Instant Economy, and Brico , the first automated financial licensing platform, announced a partnership to accelerate the shift to embedded payments. We also know that it’s imperative, as embedded payments are the future of many products across industries.
A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.
Modern Treasury , the payment operations platform for the Instant Economy, has announced its partnership with Blankfactor. This partnership builds upon an existing collaboration and will strengthen Modern Treasury’s professional services offering, particularly for enterprise customers requiring specialized technical resources.
Ramp debuts Ramp Treasury to help businesses earn interest on idle funds. Business finance automation platform Ramp unveiled a new product today called Ramp Treasury that helps businesses earn more interest on their idle funds without sacrificing liquidity. The free, FDIC-insured account offers 2.5%
Over the years, Ramp has built a name for itself in the corporate card and expense management space. Its branched out into travel, bill pay, and more, while raising over $1.2 billion in venture funding.
Finastra, a global financial software provider, has teamed up with OpenFin to enhance the user experience in treasury management systems. This partnership focuses on upgrading Finastra’s Kondor system , widely used by banks for treasury management. ” said Adam Toms, Chief Operating Officer at OpenFin.
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.
Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has partnered with financial software provider Finastra and NGS Equipment and Communication Joint Stock Company (NGS) to enhance its treasury operations. With this rapid progress, the treasury business of each bank is increasing in importance.”
Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually.
Treasuries to the XRP Ledger (XRPL), expanding the breadth of institutional-grade products onchain. Ondo Finance, a leading tokenized real-world asset (RWA) issuer, is bringing tokenized U.S.
In her first Mansion House speech , the Chancellor announced a package of reforms that the Treasury hopes will ensure the UK’s status as a global powerhouse for financial services. Here are some of the key announcements that may have an impact on the payments and e-money sectors and that the Treasury is hoping will help fuel growth.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International. DBS Treasury Tokens aim to address the needs of large corporations like Ant International, which operate across multiple markets.
Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.
Morgan Payments has announced new and enhanced product integrations connecting to the Oracle ecosystem, making it easier for clients to streamline their payments across treasury, trade and commerce. Morgan Payments to help corporate treasury make informed and smarter decisions. Since 2021, J.P. ” J.P. The post J.P.
This marks a major step towards instant and 24/7 treasury management for both companies, optimising treasury and working capital management for Ant International and its entities.
Additionally, many treasury management systems (TMS) and enterprise resource planning (ERP) providers also host CashPro APIs. CashPro APIs is the ideal solution—it’s brought automation to our treasury and increased efficiency for my team.” This network of 55 TMS and ERPs has helped fuel the surge in API adoption.
The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services.
WorldFirst’s clients will be able to access payment schemes under SEPA in real-time and automate treasury payments to optimise their operations. In addition, BNP Paribas will explore innovations in tokenised deposits for global treasury management with Ant International, through the latter’s Whale platform.
Ondo Finance , a player in onchain finance, has announced that it now offers tokenized US Treasuries to the XRP Ledger (XRPL), in turn expanding the range of institutional-grade products onchain.
1.5 % unlocked yield on idle cash: Digitising treasury balances via our Treasury Management tools frees up extra yield. < . $269 annual remittance savings: Migrant workers sending $400/month keep ~$269 more per year versus 6.6 % legacy fees.
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.
Treasury Prime , an embedded banking software provider, has announced that KeyBank has entered the Treasury Prime Bank Network, aiming to optimise its financial tech solutions.
Floris de Kort Welcoming PayPals Hyperwallet into our Direct Global Network underscores our ability to provide powerful new capabilities to top-tier fintechs. said Floris de Kort, CEO of Thunes.
Symes previously served as CFO of Visa Europe for 10 years, responsible for pricing and treasury, he told Bank Automation News. Payments service provider Checkout.com has appointed Philip Symes as its interim chief financial officer, according to a release from the company on Dec.
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.
With Wise Platform, Standard Chartered gains access to Wise’s global payments infrastructure, including our extensive licence network, 6 direct connections, payment operations expertise and proven capabilities in treasury management.”
The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.
As the first tokenized RWA integrated into the MTN, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redemptions, without the need for stablecoins onramps or settlement windows.
By the end of 2024, Bank of America corporate clients will have made over $1 Trillion in payment approvals on the banks CashPro App, the mobile application that companies use to manage their treasury operations.
While talk of a digital dollar has mainly focused on creation of a central bank digital currency through the Federal Reserve, a group of House Democrats on Monday proposed legislation that pivots in a different direction, creating an electronic dollar through a new program administered by the Treasury Department.
Real-Time Workforce Payments give treasury and finance managers the option to make workforce payments directly on the platform – with no need to export pay-ready files to other third-party providers. data accuracy and instantly converting worker data to pay-ready files.
RLUSD is designed for various financial applications, including cross-border payments, DeFi integration, liquidity access for remittance and treasury operations, and collateralisation for trading tokenised assets. Ripple Payments will also utilise RLUSD to facilitate global payments for enterprise customers starting next year.
This new virtual card complements WorldFirst’s existing World Account, which provides global payment, collection, currency conversion, and treasury management services. A cashback programme is also offered on eligible spending. WorldFirst plans a broader rollout of the World Card across Asia, Europe, Oceania, and Africa in 2025.
Modern Treasury, the payment operations platform for the Instant Economy, has announced its partnership with Blankfactor. based IT services consulting firm and subsidiary of Globant specializes in Payments, Banking, and Capital Markets.
The network supports a range of use cases, including supplier payments, remittances, payroll, capital markets settlement, treasury operations, and onchain financial applications. It leverages smart contract infrastructure and modular APIs, allowing developers to build applications and automated financial workflows directly on the network.
The crypto exchange will also hold USDC as a significant asset in its corporate treasury. Binance will integrate USDC more deeply into its platform, offering over 240 million of its global users more options to trade, save, and use USDC for payments.
The solution is supported by Thunes’ SmartX Treasury System, which provides real-time visibility into fund locations and enhances liquidity management. USD payouts are trackable, and a single integration with Thunes’ platform eliminates the need for businesses to build separate correspondent banking networks.
It’s a great opportunity to hear from regulators and industry representatives first-hand about their priorities, from fraud to digital assets, to the National Payments Vision, in a panel discussion with: Laura Mountford deputy director, payments and fintech, financial services group at HM Treasury Ali Moussavi, head of payment strategy unit, (..)
Improved treasury accuracy with Nomentia With the Nomentia Treasury Management Release 2025.02 , weve focused on delivering key features that enhance your control over treasury operations, improve precision in derivative valuations, and make cash positioning more accurate.
Morgan Payments combines treasury services, trade & working capital, card and merchant services capabilities to help clients pay customers or employees, in different currencies, around the world. It processes nearly $10 trillion payments daily, operating in over 160 countries and over 120 currencies, and is #1 in USD payments volume.
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