In business, achieving clarity often accelerates action and progress, which is more valuable than simply moving fast. For much of global trade’s history, the speed of clarity has been more like a fragmented crawl. What’s been missing is a common language. Different clearing systems, legacy...
Swift is introducing rules to speed cross-border payments for consumers and small businesses. The rules, created in partnership with more than 30 banks, enable retail customers to have peace of mind when making international payments, the financial messaging network said in a Thursday (Sept. 25)...
Treasury Secretary Scott Bessent said Monday (Sept. 22) that the Treasury Department will do what it can to support Argentina and that, “All options for stabilization are on the table.” Argentina is struggling to overhaul its economy and has faced greater financial turbulence since the...
When corporate treasurers thought about innovation, it was typically unlikely that their minds drifted to remittance counters in Manila or Mexico. However, as enterprises come to demand faster, cheaper and more transparent ways to move money internationally, the tools once aimed at migrant workers and...
HSBC expanded its tokenized deposit service (TDS) to include cross-border transactions. The real-time solution for corporate clients conducted its first U.S. dollar cross-border transaction this month between Hong Kong and Singapore to optimize treasury management for Ant International, the solution’s “pioneer customer,” the banking giant...
Watch more: Need to Know If businesses can’t see their cash, they might as well not have any. That’s especially true against today’s volatile global backdrop, where multinational companies are rethinking how they move money across borders. “One thing that all treasury organizations are looking...
Cross-border payment and digital financial network Obita received more than $10 million in an angel round. The new funding will be used for research and development, compliance infrastructure development and market expansion, aimed at speeding the deployment of Obita’s stablecoin-based cross-border payment network, according to...
As the de minimis exemption came to an end Friday (Aug. 29), postal services around the world suspended shipments to the United States or made changes to comply with new U.S. customs requirements. In a roundup article posted Friday, Reuters reported that several of the...
Mastercard has partnered with Zand, a United Arab Emirates-based, artificial intelligence-driven FinTech and financial services group. The collaboration will use Mastercard Move to enable seamless cross-border transfers, from bank accounts to mobile wallets and cash pickup, across the UAE and beyond, according to a Thursday...