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Finmo , a treasury operating system for international finance teams, has launched MO AI, a conversational assistant embedded within its platform. The assistant allows users to perform complex treasury functions using natural language, including retrieving account balances, initiating transactions, analysing payments, and generating reports.
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. said Mahesh Kini, Global Head of CashManagement at Standard Chartered.
The agreement combines Deutsche Bank’s global network with Ant International’s digital payment technologies. The partnership will further examine stablecoin applications for real-time cross-border treasurymanagement, reserve handling, and on- and off-ramp services.
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. 1] Lauren Hobbs, CashManagementManager at the energy infrastructure company Sempra, is a CashPro super user.
Deutsche Bank acts as the acquirer plus optional PSP & cashmanagement services, allowing merchants to tailor transaction costs, settlement timing, and risk parameters to their needs. Silverflow’s API-first, cloud-based platform enables flexible card acquiring and individual BIN setups.
Deutsche Bank and Ant International have announced their strategic partnership to provide more comprehensive payment solutions for businesses of all sizes in Europe and Asia, by combining their expertise and leveraging Ant International’s proprietary tokenisation and AI-based FX technology.
Through adding core banking, treasury functions and acquiring under one roof, Deutsche Bank has differentiated its offering, attracting inquiries from competitors’ clients seeking a one-stop, technology-driven payments solution.
For decades, the heart of corporate finance has been the CashManagement System (CMS). Financial management has always been about leveraging the best available technology. In the present, the digital age gave us ERPs and treasurymanagement systems. Concurrently, wearable technology is becoming smarter.
Nomupay’s unified payment platform streamlines payment processes—including acquiring, treasury, and payouts—for businesses operating in fragmented, emerging markets. In a statement, Deutsche Bank’s Head of CashManagement & Head of CB APAC MEA, Ole Matthiessen, highlighted the opportunity in APAC.
Now, Deutsche Bank will be the first German bank to facilitate Ant International’s blockchain-based real-time treasurymanagement platform to enable real-time fund transfers between Ant International’s intragroup entities. This will enable more efficient and transparent global treasurymanagement for Ant.
This announcement, made at the prestigious Pay360 event in London, marks a pivotal moment in the industry’s journey towards intelligent, streamlined treasury operations. “Our enhanced VAM solution, infused with AI, represents a paradigm shift in payment management, offering banks the tools they need to stay ahead of the curve.
NatWest has partnered with Capco , the global management and technology consultancy, to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting.
Today, finance leaders are not only responsible for budgeting and compliance, but also for enabling growth through smart, scalable technology choices. Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical.
Organisations across every fintech subsector are now implementing the technology both in back-office and front-office operations. Meanwhile, automated tax compliance technology ensures that invoices adhere to laws and internal financial policies by automatically checking invoices for accuracy and adherence to regulations.
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.
CFOs and corporate treasurers are constantly looking to find new ways to make more informed strategic decisions, unlock cash visibility and mitigate risk holistically. To meet this demand, FIS , the global fintech, has launched its next-generation enterprise treasury platform, Treasury and Risk Manager Quantum Cloud Edition.
Home Announcements Ai Finmo releases AI co-pilot for treasury teams External This content is provided by an external author without editing by Finextra. Finmo releases AI co-pilot for treasury teams Finmo has launched MO AI Co‑Pilot, a conversational AI assistant designed to revolutionize how treasury teams manage financial operations.
Advanced Analytics and AI (20232024): As artificial intelligence technology matured, Ramp quickly embraced it to extend its platform. Venues technology was integrated as part of Ramp Plus, an offering aimed at streamlining purchase orders, vendor management, and collaboration on large purchases.
Founded in 2023 and headquartered in Paris, Spiko offers a cashmanagement platform designed to democratize access to money market funds and treasury yields. Spiko leverages tokenization technology to enable individuals and businesses to earn interest on their cash by investing in Treasury bills.
The startup, founded in 2023, is focused on cashmanagement for SMEs using blockchain technology. By using tokenisation, companies can earn more interest on their low-risk assets such as treasury bills.
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.,
The value of the technology is evidenced by the vast number of APIs that businesses use and consume. The March B2B API Tracker ® explores how B2B APIs are improving services and what it takes to keep the technology safe from bad actors. Companies each made an average of 363 APIs available publicly in 2018, for example.
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 cashmanagement or trading is to allow all parties to see the same pool of validated data.”.
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.
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.
2024, a year with elections in multiple countries and numerous geopolitical events, has also seen macro level developments such as the interest environment changing rapidly and high volatility when it comes to cash visibility.
In the second annual survey conducted by C2FO focused on corporate treasurers based in Europe, responses showed that 75 percent of the 100 respondents wanted to invest in technology tied to trade finance. Trade finance, they said, could help boost efficiency in cashmanagement and supply chain (via dynamic discounting on invoices).
The partnership was formalised through a Memorandum of Understanding signed in Zurich by Douglas Feagin, President of Ant International, and Pierre Fersztand, Global Head of CashManagement, Payments, Trade Solutions, and Factoring at BNP Paribas.
Lee stressed the importance of organizational restructuring and process improvement, supported by investments in both personnel and technology. The bank anticipates non-interest income contributing 37% of overall income by 2026, driven by growth in wealth management, trade finance, and customer treasury services.
Financial services firm ION is introducing the industry’s first treasurymanagement solution for cash forecasting, powered by machine learning, the company announced on Thursday (Feb. Organizations of all sizes will be able to use the new tool to validate or replace manual cash forecasting.
As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cashmanagementtechnologies can often be stuck in the past, failing to keep up with financial execs’ needs. Despite the data challenge, pressures on CFOs and treasurers continue to mount.
Heiko Nix, global head of cashmanagement and payments at Siemens AG Heiko Nix , global head of cashmanagement and payments at Siemens AG, said: “Siemens AG’s collaboration with Standard Chartered marks a pivotal advancement in the realm of cross-border transactions. .
Reports in Treasury-Management on Wednesday (Jan. 15) said HSBC announced the launch of its Treasury APIs in 27 markets around the world. The technology enables corporate treasurers to initiate funds transfers from within their own workstations without having to toggle between separate bank platforms.
In the drive to modernize treasury operations, mind the gap — o r gaps. As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cashmanagement and what their service providers think they need. Technology As Constraint. It’s all about trade-offs.
One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. .”
Between treasurymanagement, accounting, invoicing, cashmanagement and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. It’s changed the game, not only for corporate clients but for the FinTech players developing and offering these treasury solutions.
FOMO Pay, a leading major payment institution headquartered in Singapore, has implemented Bottomline solution to strengthen efficient payment workflows, effective treasury lifecycle management, and robust regulatory compliance. Jing Wei Lee, Head of Finance, led a detailed market evaluation.
While the migration of sales workflows from in-store to online hasn’t historically relied on guidance or input from the treasury department for a successful shift, in today’s demanding market, treasurers are in a position to play a far more strategic role in guiding their organizations as they manage new and changing payment flows.
California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a TreasuryManagement Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We
The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cashmanagement. Though technology is accelerating and improving access to information, maintained Schwartz. “A The Advantages Of Centralized Access . That funding essentially is available immediately.”.
With the impending launch of Spring by Citi , Citi ’s Treasury and Trade Solutions (TTS) is increasingly incorporating the consumer payments experience into its broader B2B treasurymanagement and transaction banking offering as it moves to support its institutional clients in their own journeys to meeting customer payment demands.
If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”. he explained.
While the corporate treasurer's fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. Luckily, technology continues to evolve in ways that can aid treasurers in their pursuit of optimizing liquidity management.
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