NEO (getneo.com)

“While it’s too early to say if stablecoins will eventually replace traditional forms of payments, treasurers must be prepared for increased adoption in 2025. They should read up and stay abreast of the latest developments and start having conversations about their viability and digital wallets which allow them to hold and utilise them. Those who don’t, risk being left behind.”   In Retail Banker International, our founder and CEO Laurent Descout alongside other industry leaders provided their expert view for the banking and payments sector in 2025.   In addition to his prediction for stablecoins, Laurent also explored what the new year might mean for Payment Service Providers (PSPs), FX hedging and the adoption of AI in finance. Read the full article here: https://lnkd.in/ecDv4Bnx #Fintech #Stablecoin #FX #Payments

The Payments Service Regulator is planning a cap on cross-border card fees. The current rates post-Brexit cost businesses £150-200 million extra per year, as reported in Finextra.   Our co-founder and CEO, Laurent Descout believes that these cross-border fees and supply chain disruptions have negatively impacted UK businesses post-Brexit.    While it is encouraging that the PSR recognises the problem and is looking to introduce a price cap to protect UK businesses, more must be done to protect SMEs in an already challenging economy. Without a permanent regulatory solution, their bottom lines could be at risk.   Read more about the news here: https://lnkd.in/eANGvD5S   Find out more about how Neo can support your business with simplified cross-border payments: www.getneo.com   #CrossBorderPayments #CorporateTreasury #TreasuryManagement #SMEs    

“Despite the rapid advancement of digital payment technologies, PSPs continue to face barriers that hinder their operational efficiency, generate regulatory risks and affect their ability to meet market demands.”   Our Co-Founder and CEO, Laurent Descout shared his thoughts with Retail Banker International on why many PSPs are turning away from traditional banks and towards fintech solutions.    Read the full article here: https://lnkd.in/enPRRUp8   GlobalData Plc #Payments #PSPs #Banking #Fintech

Legacy technology and outdated infrastructure present the greatest barriers to advancements in treasury, as revealed in a recent survey by Citi.   Treasurers are still forced to rely on fragmented systems to manage payments and currency risk. There remains a widespread lack of integration and numerous legacy systems, all of which continue to hinder treasurers, who use multiple yet interconnected functions across different providers.   There is desire from treasurers to have all their services in one integrated platform which can provide greater oversight of their treasury in real-time and utilise the insights to drive faster, better decision.   Fintech solutions can offer a smarter alternative, providing real-time insights, better pricing models, and seamless integration with financial systems. These innovations empower treasurers to lock in exchange rates, hedge effectively, and align risk management with cash flow forecasting.   Read more about Citi’s survey here: https://lnkd.in/epGaFhcp   Find out more about how Neo can support your business: www.getneo.com   #Treasury #TreasuryManagement #CorporateTreasury       

Over two-thirds of business owners said they could not grow their business enough to meet customer demand for goods and services in 2024, according to a new report from HSBC.   Traditional banks have long been the go-to for SMEs looking to borrow, yet this research from HSBC highlights the urgent need for a shift in approach. SMEs are often seen as too small to be worth the time and resources of big banks, leaving them underserved at critical moments.    The good news is that innovative fintech solutions are stepping in to fill the gap, offering SMEs the tools and resources to build resilience, manage costs and scale effectively.   Read more about the report in City AM: https://lnkd.in/ewJTGCbk   Find out how Neo can support your business here: https://www.getneo.com/   #SMEs #TraditionalBanks #CorporateTreasury #TreasuryManagement 

ICYMI Our co-founder and CEO, Laurent Descout, sat down with American Banker to discuss Spain becoming Europe's first banking market to fully connect to the European Payments Council's One-Leg Out instant payments plan. Read the full article here: https://lnkd.in/eTv4m3_P #EUInstantPayments #CrossBorderPayments #Payments

Corporate treasury can be tough. But it doesn’t have to be! With a Neo multi-currency account, you get: •         an IBAN in your business name •         international payments & collection •         FX risk hedging •         comprehensive reporting •         API connectivity •         expert customer support All in one place! Find out how Neo can help at: www.getneo.com #Treasury #TreasuryManagement #FX #Payments #CrossBorderPayments #CashManagement #CyberSecurity #Fintech

“Spain’s leadership paves the way for the rest of Europe to follow, showcasing how interconnected, real-time payment systems can deliver tangible benefits for economies and businesses.”   Our co-founder and CEO, Laurent Descout, shared his thoughts following the news that Spain has become Europe’s first banking market to be fully connected to the European Payments Council’s One-Leg Out instant payments plan.   Read the full article here: https://lnkd.in/eGBS7K5T   #EUInstantPayments #CrossBorderPayments #Payments   

The pound reached its lowest level since early July today, as it struggles in the wake of Donald Trump’s re-election as President, as reported in City AM.   Hedging against currency swings is crucial, it separates the winners from the losers.   Businesses must protect against volatility by implementing an FX risk management programme, otherwise, they’re in danger of major impact to their bottom lines.   Find out how Neo can help your business: www.getneo.com   Read the article from City AM here: https://lnkd.in/eHZqsf2D   #Sterling #FX #FXRiskManagement #Currency #Hedging 

Say goodbye to expensive FX terminals. With a Neo account, market data is embedded so that you can track, spot and forward rates in real-time. •         90 currencies quoted in real time •         Spot and forward prices •         Available on any device Get in touch now and be set up in less than 24 hours at www.getneo.com #FX #FXExecution #FXRisk #FXTrading #CurrencyManagement #TreasuryManagement #CorporateTreasury #Fintech