TravelPerk also announced that it raised million in a Series E funding round that nearly doubled the company’s valuation to billion. In June, the company expanded into the U.S. by acquiring Chicago-based business travel platform AmTrav.Elsewhere in travel news, Travel Ledger now enables travel businesses in the United Kingdom and Europe to use Revolut’s banking services to automatically settle BB payments with partners directly through the Travel Ledger platform.
The capability comes from a new integration of Travel Ledger’s industry tongliao mobile number database specific BB billing and settlement capabilities with Revolut Business accounts, Travel Ledger said Wednesday.What Finance Departments Can Glean From Central BanksFinance departments in corporations face many of the same challenges as central banks — balancing liquidity, managing risk, ensuring financial stability and optimizing capital allocation. While corporate finance operates on a different scale and with different objectives than a central bank, the frameworks and methodologies employed by central banks can provide valuable insights for CFOs and treasurers.
Central banks, including the European Central Bank ECB, are experimenting with technologies like tokenization and blockchain in order to collapse the friction-filled sequential steps of traditional correspondent banking into a single cross-border payment update whose potential benefits include faster settlements, lower costs and enhanced compliance. This maturation of the cross-border landscape could ultimately redefine how growth-focused treasurers and CFOs manage global transactions, liquidity and risk.
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