President of Chinese financial investment platform Phoenix Finance believes the nation’s FinTech companies pose “a very big risk.” Vince Zhang spoke at CNBC‘s East Tech West conference in China, saying that many of the country’s tens of thousands of FinTech firms don’t have the controls...
Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. It is also, according to WePay Co-Founder Rich Aberman and WePay VP of...
Farming has always been about risk. Bad weather, infestation, speculation: Such factors can not only mean survival or failure for farmers, but impact food prices and the larger global economy without any effort at hedging or risk management. That’s to say nothing of the risk...
If there is a lesson for American businesses to learn from Brexit, it’s this: if a business has operations overseas, it needs to be attuned to the ebbs and flows of the FX market — or risk losing profits. The FX rate between the greenback...
A U.S. company holding money in euros is at constant risk of losing money: If the FX rate between the euros and the greenback falls, so do their profits. Political and economic factors, such as the Brexit vote or a lapsed loan between banks in...
What’s good for the U.S. dollar was not good for Netflix in the second quarter, and the company’s experience (or lack thereof) with currency hedging holds lessons for other participants in the digital economy. That was one of the main messages from a recent PYMNTS...
From blocking and tackling on the gridiron to blocking and tackling Internal threats and hackers – and quantum computers? HyperSpace board member Lewis Neal (of the Dallas Cowboys) and firm founder Dane Butzer tells PYMNTS’ Karen Webster that companies and consumers are vulnerable even when...
It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. Where once traditional finance companies viewed tech-driven service firms with caution and even a bit of skepticism, the realization more recently has been that joint efforts can reap dividends....
Complex, big, risky, exotic. Hedging FX exposure need not be any of those things, according to Cambridge Global Payments COO Mark Frey. PYMNTS went beyond the buzzword to find how to create a clear hedging process that protects the bottom line from the vagaries of...
