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Clearwater Analytics to Participate in Upcoming Investor Conferences in Second Quarter 2024

Retrieved on: 
Wednesday, April 17, 2024
RBC Capital Markets, Clearwater Analytics, Morgan Stanley, Conference, Software as a service, Accounting, Payment

BOISE, Idaho, April 17, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that members of its executive leadership team will be participating in the following investor conferences in the second quarter of 2024.

Key Points: 
  • BOISE, Idaho, April 17, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that members of its executive leadership team will be participating in the following investor conferences in the second quarter of 2024.
  • Clearwater Analytics Chief Executive Officer Sandeep Sahai will join a fireside chat and participate in one-on-one meetings at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference in Boston on Tuesday, May 21, 2024.
  • Clearwater Analytics Chief Financial Officer Jim Cox will join a fireside chat and participate in one-on-one meetings at the Baird 2024 Global Consumer, Technology & Services Conference in New York City on Wednesday, June 5, 2024.
  • Mr. Sahai will join a fireside chat and participate in one-on-one meetings at the William Blair 44th Annual Growth Stock Conference in Chicago on Thursday, June 6, 2024.

Piero Cipollone: Innovation, integration and independence: taking the Single Euro Payments Area to the next level

Retrieved on: 
Thursday, April 25, 2024
Reproduction, Failure, Friends, SPAA, Complementarity, Frankfurt, Travel, BIS, Sale, Nature, Market, Council, Investment, Competition, European, European Commission, Disability, USD, Statistics, Visa, Commissioner, ECB, Partnership, Payment, Risk, Policy, Communication, NFC, Apple Pay, Crowding, Safety, Privacy, IOS, Riau rupiah, Digital, SPACE, News, Private sector, Commission, Security, McGuinness, Single market, Public sector, Single Euro Payments Area, Family, Digitalization, Work, European Central Bank, Civil service commission, Opacity, Smartphone, Apple, Central bank, European Parliament, Le Parisien, PSP, BEUC, MIP, SIBS, IDEAL, Cirrus (interbank network), Online shopping

This paper investigates the sensitivity of the demand for safe government debt to currency unhedged and hedged excess returns in a sample of US mutual funds.

Key Points: 
  • This paper investigates the sensitivity of the demand for safe government debt to currency unhedged and hedged excess returns in a sample of US mutual funds.
  • We find evidence of active rebalancing towards government bonds that offer relatively higher returns on an unhedged basis, in particular euro denominated securities.

Dominant currency pricing in international trade of services

Retrieved on: 
Thursday, April 25, 2024
SF1, Goldberg, LCP, Statistics, Research Papers in Economics, VCP, Place of birth, Postal, A.4, Journal of International Economics, Business, International, ISIC, Data collection, Heritage, Macroeconomics, Banco de Portugal, Computer, Tech, Prevalence, MCI, Agriculture, Audiovisual, European Economic Association, CNY, Journal of Monetary Economics, Pauwels, Insurance, Paper, Corsetti, Laurent, Environment, R2, Portuguese Economic Journal, Website, Table, Working paper, VB, Public opinion, World Bank, Collection, Travel, Transport, Science, PII, International economics, PDF, ECB, Foreign exchange market, Policy, Angelo Bacchetta, Social science, Labour economics, Communication, Journal, Research, Classification, A.5, Literature, DCP, European Central Bank, Mining, Export, Equation, Monetary economics, Section 5, Practice of law, Elasticity, ISO, COVID-19, BIS, Electricity, Automation, The Economic Journal, Chung, Employment, A.2, Telecommunications, International Monetary Fund, Tourism, UTC+01:00, Section 4, IUSD, Health care, F14, Database, Section 3, PCP, International finance, NIPE, Annual report, Note, Section 2, Conference, CPI, Central bank, SH42, Incidence, FE, American Economic Review, SF3, Exercise, Test, Justice, Forestry, SK22, Quarterly Journal, GDP, Central Statistics Office (India), Green, SG1, B.1, SF, Swings, Payment, IES, A.6, JPY, Colum, Bank, Reproduction, World Trade Organization, IMF, SF2, F31, Geography, Data, SF4, Cryptocurrency

Abstract

Key Points: 
    • Abstract
      We analyze, for the first time, how firms choose the currency in which they price transactions
      in international trade of services and investigate, using direct evidence, whether the US dollar
      (USD) plays a dominant role in services trade.
    • JEL: F14, F31, F41
      Keywords: dominant currency paradigm, international trade, services.
    • Related research has
      shown that the US dollar (USD) exchange rate is a major source of swings in
      global trade in goods?a ?dominant currency pricing? (DCP) phenomenon?since
      most goods traded internationally are invoiced and sticky in USD.
    • Yet it is also key to look at dominant currency pricing in international trade
      in services for several reasons.
    • First, global trade in services is big?accounting for
      about a quarter of global gross trade flows and for around 40% in terms of valueadded trade.
    • Third, and relatedly, the
      future of globalisation might be in trade in intermediate services?as progress with
      digitech lowers technological barriers to such trade across borders.
    • But perhaps the main reason is that trade in services is conceptually different
      from trade in goods.
    • Our paper is the first, to our best knowledge, that analyzes how firms choose
      the currency in which they price transactions in international trade of services and
      that examines whether dominant currency pricing differs between trade in goods
      and services using direct evidence? hitherto unavailable?on patterns of currency
      choices in international transactions in services compared to goods.
    • Work on dominant currency pricing has
      almost exclusively focused on trade in goods.
    • One reason is that data on patterns
      in invoicing currency for trade in services are ?virtually nonexistent? (Adler et al.
    • Yet it is important to look at dominant currency pricing in international trade
      in services for several reasons.
    • Using the exporter?s (or producer) currency in exports is known in the literature as producer
      currency pricing (PCP), while using the importer?s currency is known as local currency pricing (LCP)
      and using a third currency is known as vehicle currency pricing (VCP).
    • Our paper is the first, to our best knowledge, that analyzes how firms choose the
      currency in which they price transactions in international trade of services and that
      examines whether dominant currency pricing differs between international trade in
      goods and services using direct evidence ? hitherto unavailable ? on patterns of
      currency choices in international transactions in services compared to goods.
    • First,
      we rule out compositional effects, that is that differences in the use of currencies
      reflect differences in trade partners in services vs. goods trade.
    • Both in extra-EU and intra-EU trade, the EUR is the
      most widely used currency, be it on the export or import side.
    • Based
      on the framework, we stress which factors should determine currency choices in
      international trade, and to what extent one should expect differences between
      services trade and goods trade.
    • Second, it can price in the importer?s currency
      (local currency pricing, LCP).4 Third, it can use a third currency, say currency
      v (vehicle currency pricing, VCP).
    • That is,
      the currency choice problem is equivalent to determining the currency in which the
      desired price is least volatile.
    • (2022)
      provide systematic empirical evidence ? firm size and exposure to foreign currencies
      in imported inputs ? should also shape currency choices in services trade.
    • Dominant currency pricing in USD ? services vs. goods trade
      Having established that currency choice in international trade of services is an
      active firm-level decision as well as the determinants of this decision, we now

      8.

    • Services and goods exports: prevalence of different pricing strategies (percent)
      Notes: The table shows the shares (in value terms) of different pricing strategies: producer currency
      pricing (PCP), local currency pricing (LCP) and vehicle currency pricing (VCP).
    • To make comparisons with goods trade, we rely on Eurostat?s
      macro data on international trade in goods by invoivcing currency.
    • If intra-EU trade is more important in services than
      in goods trade, this could hence be an explanation for the lower prevalence of the
      USD in services trade.
    • We showed
      that while the USD is also extensively used as a vehicle currency in services trade, its
      prevalence is systematically lower than in goods trade.
    • Hence for all travel services exports
      the invoicing currency is the EUR; for travel imports it is the currency of the
      destination of travel (i.e.
    • Also for these

      ECB Working Paper Series No 2932

      33

      services it seems plausible that trade does not take place vis-?-vis all counterparts
      in each currency.

    • Figure B.2: Share of international trade in services in global GDP broken down by type (%)
      Notes: Authors? calculations using World Bank and World Trade Organization data.
    • An earlier version of this paper circulated under the title ?Currency choices and the role of the
      U.S. dollar in international services trade?.

Transactional demand for central bank digital currency

Retrieved on: 
Thursday, April 18, 2024
POS, Learning, CB, E41, Calibration, Financial regulation, Interest, ATM, Oesterreichische Nationalbank, Journal of Macroeconomics, Sensitivity, Diffusion, ITunes, Bank of Canada, P2P, Safety, NBER, Benchmarking, Prevalence, SPACE, Bernoulli, Journal of Monetary Economics, E42, Paper, European Parliamentary Research Service, Apollo, Environment, Political economy, COVID-19, Review of Economic Dynamics, Abramov, Loss, Working paper, Choice, Collection, Probability, Dowd, Castrén, Face, Noise, History, Restaurant, Journal of Political Economy, ECB, Policy, Diary, Model, Utility, Clutch (eggs), Canadian International Council, Journal of Financial Stability, JEL, Digital, Bias, Journal, Research, Classification, CBDC, SARS-CoV-2, ECMI, Credit, Odds ratio, Literature, European Central Bank, Mises Institute, Monetary economics, Section 5, Occupation, E47, Financial intermediary, Government, Supermarket, Friction, Finance, BIS, Love, Bart, The Economic Journal, Education, Risk, Section 4, Privacy, Section 3, Appetite, App Store (iOS/iPadOS), Human, DNB, International finance, Section 2, Leonhard Euler, Payment, Attention, Central bank, Consumer, EPRS, Habit, American Economic Review, Confidence interval, FCO, Central bank digital currency, Exercise, Letizia, Applied economics, Digital currency, Sale, Business cycle, Amazon, Community business development corporation, Control, Chart, Proxy, American Economic Journal, LN, Bank, Fintech, IMF, Analysis, Aggregation, Cryptocurrency
Key Points: 

    EQS-News: AUSTRIACARD HOLDINGS AG ANNOUNCES FY 2023 RESULTS

    Retrieved on: 
    Wednesday, April 10, 2024
    DACH, Payment, OPEX, Growth, Acquisition, Investment, Depreciation, Online shopping

    AUSTRIACARD HOLDINGS Group revenues reached € 351.3m increasing by € 40.9m or 13.2% compared to 2022.

    Key Points: 
    • AUSTRIACARD HOLDINGS Group revenues reached € 351.3m increasing by € 40.9m or 13.2% compared to 2022.
    • The number of sold and invoiced cards increased by 7.1m or 5.6% from 127.7m to 134.8m cards.
    • Gross profit I increased by € 20.7m or 15.0% to € 158.8m in 2023 as a result of the strong increase in revenues.
    • Adjusted EBITDA increased by 50.6% and the adjusted EBITDA margin improved by 2.6 percentage points to 14.0% in 2023.

    Rockbird media Rocks the Debut of Customer Experience Summit Asia, Uplifting Philippine CX Scene

    Retrieved on: 
    Tuesday, March 26, 2024
    Organization, Kavathe-Mahankal, BGC, CFOS, CESA, Fortification, Payment, VPS, Nightclub

    Manila, Philippines, Mar 26, 2024 - (ACN Newswire) - Rockbird media proudly announces the successful debut of its first-ever Customer Experience Summit Asia (CESA) on March 21, 2024, at Shangri-La The Fort, BGC.

    Key Points: 
    • Manila, Philippines, Mar 26, 2024 - (ACN Newswire) - Rockbird media proudly announces the successful debut of its first-ever Customer Experience Summit Asia (CESA) on March 21, 2024, at Shangri-La The Fort, BGC.
    • The summit, themed "Trailblazing The Future of Philippine Customer Experience," addressed the critical challenges facing businesses in delivering exceptional customer experiences amidst the region's burgeoning digital transformation.
    • In the Philippine customer service landscape, businesses often struggle to keep up with changing customer needs.
    • "Honoured to stand as the representative of our company at the groundbreaking 1st Customer Experience Summit Asia (CESA) 2024, thoughtfully organized by rockbird media.

    Vimeo Appoints Philip Moyer as New Chief Executive Officer

    Retrieved on: 
    Thursday, April 4, 2024
    Cloud, Online, GE Aviation, Microsoft, Google Cloud, Amazon (company), Venture capital, Computer science, General Electric Company, Philip, Financial services, Business development, AI, University of Pittsburgh, University, Software, Engineering, Disclosure, Pete Musser, Alphabet Inc., Capital market, Amazon Web Services, Donnelley Financial Solutions, Creativity, S.A, Martech, Interim, Payment, Management

    NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ: VMEO), the leading video platform for businesses, today announced the appointment of Philip Moyer as Chief Executive Officer and member of the Board of Directors, effective April 8, 2024.

    Key Points: 
    • NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ: VMEO), the leading video platform for businesses, today announced the appointment of Philip Moyer as Chief Executive Officer and member of the Board of Directors, effective April 8, 2024.
    • Adam Gross, the Company’s Interim Chief Executive Officer and member of the Board, will remain on the Board after the transition.
    • “I’m thrilled to join as CEO of Vimeo, a platform that revolutionizes how millions engage with video content worldwide,” said Moyer.
    • On Monday, May 6, 2024 at 5:00pm ET, Vimeo will live stream a video conference which will include Philip to answer questions regarding its first quarter results.

    Spryker Expands App Composition Platform with Stripe as its Global Payment Services Provider

    Retrieved on: 
    Wednesday, April 3, 2024
    Cloud, Payment, Data integration, PSP, Merchant, SLA, Business intelligence, Marketing, Commerce, Hand, Online shopping

    BERLIN and NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Spryker , the leading composable commerce platform for sophisticated use cases in B2B, Enterprise Marketplaces, and IoT Commerce, and Stripe, a financial infrastructure platform for businesses, today announced the availability of Stripe on the Spryker App Composition Platform .

    Key Points: 
    • BERLIN and NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Spryker , the leading composable commerce platform for sophisticated use cases in B2B, Enterprise Marketplaces, and IoT Commerce, and Stripe, a financial infrastructure platform for businesses, today announced the availability of Stripe on the Spryker App Composition Platform .
    • With the Spryker App Composition Platform, enterprises can facilitate initial integrations in one-click, allowing them to test the value of apps and services on their business quickly without wasting developer days.
    • The Spryker App Composition Platform is growing its third-party services offered across categories including Payment, Business Intelligence, Analytics, Commerce, Customer, Data Integration, Marketing, Operational Cloud, etc.
    • The Spryker App Composition Platform is available for all Spryker Cloud Commerce OS Customers.

    AppTech Payments Corp. Reports Fiscal Year 2023 Results

    Retrieved on: 
    Monday, April 1, 2024
    Independent software vendor, Payment, Visa, Environment, Partnership, Acquisition, Fintech, Mastercard, API, Movement

    CARLSBAD, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce, disclosed its financial outcomes for the fiscal year ended December 31, 2023.

    Key Points: 
    • CARLSBAD, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce, disclosed its financial outcomes for the fiscal year ended December 31, 2023.
    • Revenue was approximately $504 thousand for the year ended December 31, 2023, compared to $450 thousand for the year ended December 31, 2022, representing an increase of 12%.
    • AppTech will develop mobile and web-based applications for the contactless payment system, which will feature digital banking services and Visa/MasterCard sponsorship and provide user support services.
    • FinZeo’s API enables AppTech to efficiently integrate with software providers and Independent Software Vendors (ISVs), facilitating rapid technology implementation.

    Pavilion Payments Announces Dan Connors as Chief Executive Officer

    Retrieved on: 
    Tuesday, April 9, 2024
    Mobile, Wireless, Technology, Electronic Games, Casino, Gaming, Payments, Finance, Entertainment, Fintech, Professional Services, Software, Partnership, The Pentagon, Payment, Pentagon, Growth, Connors

    Pavilion Payments , the leading provider of payments solutions to the gaming industry, announced that Dan Connors has been appointed as its new Chief Executive Officer.

    Key Points: 
    • Pavilion Payments , the leading provider of payments solutions to the gaming industry, announced that Dan Connors has been appointed as its new Chief Executive Officer.
    • Before joining Pavilion Payments, Connors held senior leadership positions in seven companies and notably served as CEO at four.
    • Connors is joining Pavilion Payments as the CEO and member of the Board of Directors.
    • “I am thrilled to join the Pavilion Payments team full of dedicated and passionate individuals,” said Connors.