Red Hat Newsroom

These are trying times for many chief financial officers (CFOs) and other financial professionals, as unpredictable economic impacts have greatly complicated the task of managing cash flow and working capital. Uncertainty ...

Chief financial officers (CFOs) and corporate treasurers view cash management as a pressing challenge, but only a fraction of them are using technology to improve the process. Amid successive waves ...

These are trying times for chief financial officers (CFOs) and other finance professionals. The unpredictable economic impacts unleashed by the pandemic have greatly complicated the task of managing cash flow ...

The uncertainty generated by the COVID-19 pandemic weighs especially heavy on treasurers and chief financial officers (CFOs), because they are responsible for ensuring that companies have the liquidity to meet ...

During these uncertain times, the primary task for treasurers and CFOs is to make sure their companies have the liquidity necessary to meet daily obligations and the working capital to ...

Banks have not always been the most technologically forward-thinking organizations out there. Go back in time a short four or five years and start throwing the term “cloud computing” around ...

Heavy is the head responsible for treasury functions. And whether they’re banks or corporates, treasurers and CFOs are weary from juggling precarious new variables. They need solutions. Help is coming — ...

Increased uncertainty is one of the greatest impacts the pandemic has had on businesses, and it weighs heavily on the treasurers and chief financial officers (CFOs) responsible for making sure ...

There has been no shortage of downbeat economic statistics over the past year, from high unemployment rates to declining gross domestic product (GDP) values. Consumers and businesses have demonstrated remarkable ...

In today’s top news, Goldman launched its investment app, Marcus Invest, and Amsterdam steps out as the center for European SPACs. Plus, Marqeta looks to April for its IPO. Goldman Launches ...

Digital payments are, in a way, overwriting legacy systems with new “code” for these connected, touchless times. It’s what the people want, but transformation introduces complexity that must be well-managed. ...

It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 billion of these payments in 2018 alone for a ...

Businesses want a frictionless and Uber-like payment experience, but delivering that can be challenging due to security and compliance issues, says Shelly Swanback, Western Union’s president of product platform. In ...

“What I enjoy most is helping our customers thrive in this rapidly changing world and helping them realize their vision in a way that simplifies the adoption of new technology ...

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020. This ...

In today’s top news, Chinese firms are racing to file global IPOs, and Western Union expands its real-time payout options. Plus, payment stocks slid on Monday amid fears over a ...

Nobody likes getting old, especially traditional banks that have found themselves straddling two financial worlds – old tech and new tech – while all the “young, cool kids” try to ...

Although lower costs and increased availability of new peer-to-peer (P2P) payment systems have allowed more first-time users to enjoy the ease and benefits of the banking system, the fact remains ...

Digital payments form a critical facet of the world’s economy, facilitating the flow of tens of trillions of dollars among individuals and businesses each year. However, these common payment methods ...

Cross-border payments continue to be notorious for being slow and costly, with each FI involved in processing the transaction attaching additional fees. In this month’s The FI’s Guide To Modernizing ...

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. These difficulties are due ...

To meet consumers where they want to bank — across mobile devices wherever they may be — financial institutions (FIs) must focus on re-tooling their core services in the digital ...

With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and ...

The payments economy is continuously growing and becoming more digital. The global mobile payments market was valued at more than $3.7 trillion in 2019 and is expected to grow to ...

The COVID-19 pandemic has accelerated the need for financial institutions (FIs) to quickly scale and roll out faster payment experiences, whether that means offering businesses instant access to loans or ...

The pandemic has accelerated modernization efforts among banks across the globe, but not all banks are created equal when it comes to cloud adoption. While, in general, banks are embracing the ...

Instant payments are in higher demand than ever in 2020, with ACI Worldwide estimating that more than 500 billion real-time payments will be processed over the next five years. India currently ...

Enough with all the “digital transformation” talk, right? Wrong. Modernizing payments capabilities is one of the clearest paths out of the trackless post-pandemic forest, and businesses of any size that got ahead ...

A multitude of payments flow between businesses, government agencies, individuals and others in the U.S. The Federal Reserve recently estimated that there were 174.2 billion non-cash payments with a total ...

Payments messaging standards are a critical component of interoperability between the increasing number of payment networks around the world. As a method of “speaking the same language,” between various networks ...

Immediacy has become the name of the game for vendors and suppliers facing crumbling revenue streams. But banks can find themselves struggling to facilitate faster B2B payments. In this month’s ...

Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 billion noncash payments totaling $97.04 trillion in 2018. Businesses’ and individuals’ transaction methods ...

Among the value propositions for real-time processing is to improve liquidity while reducing transactional overhead. Yet for many entities, the concept of implementing real-time processing across an entire system can feel ...

IBM‘s revenue fell 5.4 percent in the second quarter due to the reduced spending on computer equipment during the pandemic in lieu of going digital on the cloud, Financial Times ...

Steady digitization in stale B2B payments and the open banking movement are two closely related and increasingly exuberant expressions of money’s digital makeover. While much of the legal framework has ...

Open banking is shaking up the financial industry and is poised to revolutionize the way banks share data with each other as well as with third-party app developers, FinTechs and payment providers. Open banking ...

The ability for companies to immediately respond to the need to support a work-from-home environment depended, in large part, upon where those firms were already in terms of their digitization ...

B2B payments are often complicated by incompatible systems that delay transactions and add additional fees. Embracing open banking can help, but many financial institutions have core systems that weren’t designed ...

B2B payments account for $25 trillion in the United States each year, but these transactions are often fraught with frustrations and challenges. Studies have found that B2B invoices take an average ...

As the old adage goes: The best way to eat an elephant is one bite at a time. As financial services firms and banks grapple with the tsunami of digital payments, ...

The holy grail of payments modernization can be boiled down into to one word: standardization. As the financial services industry seeks to expand the use and value of instant payments linking ...

That “digital transformation” you can’t stop thinking about is made possible by droves of application programming interfaces (APIs) — clever lines of specialized code that foster interconnectedness and new consumer ...

Application Programming Interfaces (APIs) are essential for B2B payments as they are able to process these transactions in a fraction of the time it would take to transfer funds via ...

APIs have drastically accelerated B2B payments, but with automation comes more risk, ranging from credential abuse to SQL attacks. Such lapses in security, according to Nordea Bank executives Tino Kam ...

The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has more than 200 providers developing ...