Foreign exchange (Forex) stories
Banks in Asia Pacific can now send cross-border payments into retail wallets, as BNY taps rising demand for faster consumer payouts.
Finance teams can now automate anomaly checks, voice expenses and transaction coding as Corpay broadens AI tools across its spend platform.
Corporate losses from unhedged currency swings eased in Q2, even as UK and US firms cut protection to the weakest levels on record.
Manufacturers could gain sharper checks on supplier price hikes as direct materials intelligence is folded into Jaggaer's procurement platform.
Users can now access stocks, gold and foreign exchange alongside crypto as the exchange pushes into payments, wealth and AI tools.
Cross-border payment competition is intensifying as SMEs prioritise faster, more reliable transfers, with 91% planning to switch provider within two years.
Clients could soon move and settle funds across card, fiat and stablecoin rails through a single Thredd platform, reducing prefunding needs.
London's place on the list slipped as currency moves and housing costs reshaped expat budgets across 208 cities worldwide.
Only 10% of lenders have stablecoins in production, as most still face regulatory and infrastructure hurdles, a RedCompass Labs survey found.
The rollout aims to cut merchants' cross-border costs and speeds by automating onboarding, compliance, FX and treasury workflows with AI.
Australian businesses trading across Asia Pacific may gain faster, clearer cross-border payments as Sokin builds a local leadership team.
Asia's growing share of stablecoin payments is pushing banks and regulators to focus on governance, liquidity and cross-border rules.
Businesses using spend management software could face costly lock-in if their platform only works with its own corporate cards.
Canadians juggling travel and overseas payments may get lower-fee, everyday banking-style services as Wise adds chequing and local transfers.
Canada's payment overhaul could give remittance firms a route into domestic rails as Payments Canada opens membership to more providers.
Thai travellers and expatriates can now hold and spend in more than 40 currencies as Wise widens its services beyond transfers.
Small firms using sterling payments can now track incoming money in one dashboard, as the bank aims to cut manual reconciliation.
Platforms adding more payment providers can now centralise reconciliation and payouts, cutting manual work after customer payments clear.
Businesses in Southeast Asia can now pay staff in up to 16 currencies from JustLogin, cutting payroll delays and compliance headaches.
Mandala Partners says the payments platform's customers supported 29,000 jobs and lifted small-business productivity as exports surged sixfold.