This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
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.
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.
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.
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.
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.
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.
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.
Raj Vimal Chopra, Co-founder & Chief Technology Officer, Finmo said “We built MO AI as a domain-specific AI system to tackle the operational complexities of global treasurymanagement. Welcome to Finextra. We use cookies to help us to deliver our services.
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 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.
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.
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.”.
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.
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.
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.
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.
Citi Treasury and Trade Solutions (TTS) announced Tuesday (Feb. As mobile technology and business demands rapidly evolve, TTS has met changing client needs with agility, and we continue to drive innovation and deliver services to enable our clients’ success worldwide.”.
Technologies like APIs and QR codes can be useful tools to achieve this, creating yet another area in which corporate treasurers can provide strategic guidance. That’s where the treasury team can add a lot of value,” he explained. “The world has completely changed, toward a more real-time fulfillment expectation,” noted Sinha.
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.
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. ION’s machine learning strategy goes beyond cash forecasting, though.
Treasurymanagement has taken on an active role in the enterprise, said treasurymanagement firm Hazeltree in a new whitepaper. Since the 2008 financial crisis, hedge fund managers have been hit with a slew of new challenges: increased prime brokerage fees, heightened regulatory demand, lower investor fees and the like.
But the executive insights in the pages that follow offer a bit of roadmap for cashmanagers to see more restful nights. But it can offer opportunities for executives who embrace technological innovation as global supply chains are increasingly interconnected. Among the Highlights.
Regulation is pounding down on hedge funds and other buy-side organizations, which are now pressured to move their cash — making treasury and cashmanagement less transparent and less efficient. But with interest rates preparing to rise, moving cash will be a necessity for hedge funds. CashManagement.
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.
And that goes for the industries covered, too, with treasurymanagement’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. The company offers developers a way to create blockchain apps using Ethereum distributed ledger technology. TreasuryManagement.
With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cashmanagement operations. Yet there is opportunity hidden within the friction, he said.
Antler (Singapore) Headquartered in Singapore and established in 2017, Antlers is an early-stage investor with a focus on the technology sector and is widely considered an active fintech investor in Singapore. In Southeast Asia, Wavemaker Group focuses on enterprise and deep technology companies.
BNP Paribas , the multinational bank, is joining forces with Ant International , a digital payment and financial technology leader, in a move to enhance cross-border payment solutions for merchants and consumers across Europe.
“Depending on who banks are, they have different levels of resources to devote to their technology,” Katsman told PYMNTS in a recent interview. “There is handling of these transactions with the treasury in the enterprise, and within the treasury in the financial institution,” said Katsman. .”
A new report from treasurymanagementtechnology firm Kyriba and CFO Research Services offered CFOs a chance to lay out their wish lists for their treasurer peers, with chief financial officers pushing the treasury function to embrace a more prominent role. .
The rise in B2B FinTech has complicated the picture of treasurymanagement, forcing it to rethink its position in the enterprise. The more payment, cashmanagement, cash flow forecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data.
The complexities of corporate cashmanagement — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. To that end, this week PNC Bank said it has reached a deal to buy Tempus Technologies for an undisclosed sum.
ING Wholesale Banking has announced a new solution aimed at corporate treasurers in need of managingcash across borders. Dubbed Virtual CashManagement (VCM), the solution, announced on Wednesday (Aug. Virtual bank accounts provide a streamlined way to managetreasury, the company added, through a single digital portal.
In its biennial exploration of the evolving role of corporate treasurers, Deloitte is keeping tabs on how treasurers are embracing technology and gearing up to handle more responsibilities than ever before. Technology Tripping Up Treasury. Most, instead, said they reviewed and/or upgraded internal controls.
As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Cashmanagement becomes a continuous process, throughout the business day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. on Friday, he said.
A thorough knowledge of one’s cash flow is a necessity, and lacking such transparency can hinder a company’s ability to do everything from paying rent and finalizing future quarters’ budgets to compensating employees. The ongoing pandemic is also changing the status quo regarding cash flows and placing greater emphasis on quick transactions.
Corporate treasury and cashmanagement solutions provider Kyriba is linking its business users to faster payments functionality through a new collaboration with Citi. 26), Kyriba said it is integrating with Citi via API to allow clients to access their Citi accounts directly from their treasury platform.
Tripping Up CashManagement. Without the ability to obtain bank account data in real time, organizations and their treasurers cannot quickly and efficiently analyze cash positions, initiate transactions, or forecast cash flow. That’s not to say such innovations won’t have a positive mark on the treasurymanagement world.
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.
Until quite recently, small businesses (SMBs) have been stuck with their financial institutions (FIs) either providing them with sophisticated, expensive treasurymanagement offerings or simply making do with banking services designed for individual consumers. That puts FIs in a difficult position, Malhotra recently told PYMNTS.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content