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Cash managementand treasury management might sound similar, but they serve very different purposes.Many organizations keep a close watch on daily cash flow, but still face financial instability. Knowing the difference between cash management and treasury management can close that gap.But which one supports day-to-day operations?
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.
Treasury to add additional instant payments rails to its infrastructure once paper checks are phased out later this year. The Treasury will stop issuing paper checks starting Sept. The Clearing House, Bank Policy Institute and Consumer Banking Association are urging the U.S.
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.
A trio of bank groups has written to the US Department of the Treasury urging it to move quickly in ditching paper cheques for electronic payment options.
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.
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.
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.
Singaporean fintech firm Finmo has received authorisation from the UK Financial Conduct Authority to operate as an Electronic Money Institution (EMI), allowing it to provide payment and treasury services in the country. Its platform features MO AI , a conversational assistant embedded within its intelligent treasury system.
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.
Finastra , the financial services software, has upgraded its KTP treasury management software to enable corporate treasurers to execute front-to-back trades fully within its system. The post Finastra Unveils Enhanced Treasury Management Software to Streamline Operations for Treasurers appeared first on The Fintech Times.
People Trust Community Federal Credit Union is using technology provider Treasury Prime for embedded banking services. With Treasury Prime, the North Little Rock, Ark.-based
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.
This demonstrates how blockchain can support evolving treasury and liquidity needs. With the corporate treasury function becoming increasingly strategic and a key driver of a business’ bottom-line, this demonstration of how blockchain can help global businesses better meet their evolving treasury and liquidity needs is very timely.”
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.
The UK's Treasury Committee has floated the idea of introducing legislation to force shops to accept cash in the future, warning that a lack of action from the Government to tackle declining cash acceptance could lead to a two-tier society with the most vulnerable bearing the cost.
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.
The survey reflects a cautious stance among treasury leaders in response to heightened risk and uncertainty. ” Key Takeaways Access to cash remains robust, with a continued focus on bank deposits, MMFs, and Treasuries for liquidity. . Real-time liquidity is a developing area, but operational uncertainties remain.
How Blockchain Technology Is Streamlining Treasury Management. Part 2 focuses on three innovations reshaping global business: How Real-Time Payments Are Improving Liquidity and Cash Flow Management What are stablecoins, which businesses are using them, and will they go mainstream?
The FCA and HM Treasury must reflect on the National Payments Vision to refine safeguarding reforms, ensuring customer benefits at a reasonable cost. Unfortunately, HM Treasury has provided limited strategic leadership on the issue of safeguarding. What’s next?
To meet this demand, FIS , the global fintech, has launched its next-generation enterprise treasury platform, Treasury and Risk Manager Quantum Cloud Edition. Treasury and Risk Manager Quantum Cloud Edition is the latest edition in FIS Treasury & Risk Management solution suite.
This milestone marks a major step in Finmo’s global expansion as it establishes the UK as a core operational hub for its integrated treasury and payments platform. Finmo also recently launched ‘MO AI’, a new conversational assistant embedded directly within its treasury platform.
Integrated healthcare services provider KindlyMD has entered into a definitive merger agreement with Nakamoto to establish a Bitcoin treasury strategy.
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.
BNY is working to expand cross-border, instant payments to new markets through the remainder of 2025 and into 2026. “We’ve been really focused on international real-time payments,” Carl Slabicki, executive platform owner of treasury services at BNY, told Bank Automation News.
Deutsche Bank will become the first German bank to connect with Ant International’s blockchain-based real-time treasury management platform, enabling real-time fund transfers between Ant’s group entities and supporting more efficient and transparent treasury operations.
dollar reserves, Treasuries, and cash equivalents. This initiative builds on PayPal’s earlier decision to allow U.S. Xoom users to fund fiat transfers abroad with PYUSD, with no transaction fees. PayPal USD, issued by Paxos Trust Company, is fully backed by U.S. It is accessible via PayPal and Venmo at a fixed rate of US$1 per PYUSD.
Stablecoins are like “another payment rail,” said Vince Tejada, who heads treasury and strategic finance at stablecoin infrastructure provider Bastion.
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.
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.”
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.
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.
As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management use case for real-time multi-currency clearing and settlement. Since 2019, Ant International has used tokenised deposits to streamline wholesale payments and treasury activities.
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.
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.
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.
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