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The next major shift After November 2025, banks will need to prepare for yet another major shift: structured addresses. Starting November 2026, unstructured postal addresses will no longer be supported in CBPR+ messages. Banks need to adopt either a fully structured or hybrid address format to become compliant.
Modern Treasury , the leading payment operations platform for businesses, today introduced Modern Treasury AI to deliver the first AI Platform purpose-built for the unique demands of enterprise payments. ” Modern Treasury AI The AI Agent is the first enterprise-grade Agent that understands payments.
Treasury Department proposed sweeping new rules late Friday (Dec. Treasury Secretary Steven Mnuchin said in a prepared statement that the new proposed rule “addresses substantial national security concerns in the CVC market and aims to close the gaps that malign actors seek to exploit in the record-keeping and reporting regime.
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.
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.
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.
Acceptance of cash One way the Treasury is currently addressing financial exclusion is by promoting access to cash for consumers and encouraging businesses to accept cash. We need to make sure that we join up the thinking to avoid leaving cash users behind, and as the report says, risking a two-tier economy.
Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. Today’s businesses often have no choice but to use multiple platforms to manage their financial operations, from paying supplier invoices to processing payroll, managing treasury, and accessing finance.
Circle stated the initiative addresses inefficiencies in cross-border payments, which can often take more than a business day and incur significant costs, citing World Bank data highlighting average costs exceeding 6%.
Treasury has brought on an additional 20 new bitcoin addresses affiliated with two people to its sanctioned individuals roster, Coindesk reported. government is aiming to seize digital currency kept in 113 addresses. And the Office of Foreign Asset Control of the U.S. And another unsealed document indicates that the U.S.
Mike Crapo (R-ID) speaks as Treasury Secretary Scott Bessent appears before a Senate Finance Committee hearing on June 12, 2025 in Washington, DC. Sign up A valid email address is required. Sign up A valid email address is required. Sign up A valid email address is required. Sign up A valid email address is required.
Treasury’s Financial Crimes Enforcement Network (FinCEN) is warning financial institutions of a “high-profile” new scam exploiting Twitter accounts to try and scam convertible virtual currency (CVC) out of individuals, according to a Thursday (July 16) press release.
Anis Rahal, CEO of treasury management 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.
Morgan has been committed to serving clients in MENA – we are uniquely positioned to deliver the full spectrum of capabilities clients require to address the complex challenges they face. By integrating next-generation infrastructure, we’re shaping the future of treasury with purpose and precision.
The acquisitions will support the company’s payments, anti-fraud, treasury and supply chain management offerings. Sign up A valid email address is required. Sign up A valid email address is required. Sign up A valid email address is required. Sign up A valid email address is required.
This announcement, made at the prestigious Pay360 event in London, marks a pivotal moment in the industry’s journey towards intelligent, streamlined treasury operations. The company’s presence at Pay360 underscores its dedication to delivering transformative solutions that address the evolving needs of banks worldwide.
Bank of America (BoA) may have hired a treasury product manager to work with Ripple. The job listing said that the treasury product manager must have previous experience in the payments sector, but that specific knowledge of cryptocurrency wasn’t necessary.
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These challenges must be addressed if we’re to support the government in its mission to deliver economic growth and safeguard the UK’s reputation as a safe place to do business. CFITs work in countering fraud demonstrates the UKs position as an innovator within the global financial ecosystem.
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.
Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Financial regulators are intensifying scrutiny, highlighting gaps that PSPs must urgently address. What’s next? This leads to inadequate due diligence.
He joins Moneyhub from Broadridge, where as general manager he was responsible for strategy, execution and leadership across a multi-disciplinary team serving financial services firms and corporate treasury operations. Samantha Seaton stepped down as CEO in December with Anne de Kerckhove stepping in as executive chair during the transition.
SUNRATE , the global payment and treasury management platform, today announced the launch of its maritime payments solution, aimed at empowering shipping companies and their key stakeholders at Sea Asia 2025. SUNRATE offers a comprehensive solution designed to address the complex payment challenges faced by maritime companies.
NeXus addresses the challenge of inter- and intra-company transfers, overcoming major pain points, particularly in cross-border transactions. With this innovative solution, businesses can enhance their financial operations and treasury management.
This launch will allow organizations to instantly deliver funds to individuals or businesses using only an email address or mobile phone number, without the need to collect sensitive banking information.
Treasury to assist people who don’t typically file taxes. . The Enter Payment Info tool requires basic information — Social Security number, dependents, address — that the IRS will review in order to confirm eligibility. A new IRS portal for coronavirus relief payments has been launched in conjunction with the U.S.
In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.
Looking to simplify the cloud adoption journey for firms, the US Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) has published a suite of resources. To provide leadership support for this joint effort the US Department of the Treasury established the Cloud Executive Steering Group (CESG) in May 2023.
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.”
Not only do the founders of projects raising funds via ICO rarely have a background in treasury management, but the nature of the current crypto ecosystem means these innovators need guidance, Siemer told PYMNTS in a recent interview. It’s another gap in the market giving rise to FinTech firms addressing this issue. ”
It addresses growing needs for resilience, speed, and innovation across the payments landscape. This supports automated processes, better treasury management, and faster decision-making. It replaces the legacy RTGS system, offering enhanced capabilities to meet today’s financial ecosystem demands.
Treasury Prime, a leading embedded banking software company, announced a new integration with ComplyCo to address the increasing trend of regulatory scrutiny in financial services.
NeXus addresses the challenge of inter- and intra-company transfers, overcoming major pain points, particularly in cross-border transactions. With this innovative solution, businesses can enhance their financial operations and treasury management.
Aleph already operates in 150+ markets across Latin America, Asia, the Middle East, and Africa, managing the complexities of billing, collections, credit underwriting, FX, tax, and treasury in emerging economies. What are some common misconceptions surrounding cross-border payments and how is LocalPayment by Aleph addressing these?
Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement. Trusted by prominent brands like Bolt, IHS, Piggyvest, Mocoh SA, Bamboo, and Afriex, the company also partners with Access Bank for remittance services.
Treasury to dispense federal benefits via prepaid cards, is alleged to have dropped the ball as hundreds of cardholders say their money was forwarded to fraudsters posing as them. The Texas bank, which partners with the U.S.
The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. While these measures seek to address key risks, such as fund shortfalls during insolvency and delays in fund distributions, they also bring increased regulatory burdens and operational complexities.
The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3
Providers must address sector-specific concerns, improve communication, and support merchants to unlock open banking’s full potential. Crucially, establishing a standardised dispute resolution framework is essential to gain merchant confidence, addressing their most significant barrier and unlocking the full potential of this payment method.”
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UK businesses are now able to: Hold, manage, and spend from balances in multiple currencies in their existing Stripe account, and pay out to customers, contractors, and other third parties in 50 countries with just an email address.
A few days after the senators’ announcement, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency said they would seek to better address payments fraud. Sign up A valid email address is required. Sign up A valid email address is required. By Lynne Marek • Aug.
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