Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm, dbX is designed to give “financial institutions new and enhanced functions to better leverage its global network in a fully...
Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange (FX) payment platform and Corpay Cross-Border’s real-time FX rates, giving financial institutions and their business clients access to FX transaction...
Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’ assets including a blue-chip roster of clients, a team of terrific FX specialists, and a market leading FX netting technology,”...
Payments platform Airwallex has launched a partnership with global communications platform Bird, formerly known as MessageBird. The collaboration, announced Monday (April 22), is designed to power Bird’s international payments operations across the company’s customers’ preferred channels, including WhatsApp, Email, SMS, Voice, WeChat, Messenger and Instagram. “The global nature of...
March 07, 2024
The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange company Travelex, tells PYMNTS that the continued use of cash as the primary payment method for cross-border travel is fueling the increase in travel industry revenue. […]
January 25, 2024
Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs. However, despite this trend, the traditional financial services sector...
November 20, 2023
Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16 hubs before the payment reaches...
October 09, 2023
When it comes to cross-border payments, patience is a virtue — but fees are a reality. That’s because moving money between nations has long been plagued by inefficiencies, high costs...
November 06, 2024
J.P. Morgan has announced a significant enhancement to its blockchain platform, recently rebranded from Onyx to Kinexys. The bank will integrate Kinexys Digital Payments with J.P. Morgan FX Services, enabling on-chain FX settlement. This move positions Kinexys as a key player in the landscape of digital cross-border payments and foreign exchange. Initially supporting USD and […]
October 14, 2024
Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm, dbX is designed to give...
August 14, 2024
Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange (FX) payment platform and Corpay...
June 19, 2024
Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’ assets including a blue-chip roster...
