Latest news with #cashmanagement
Associated Press
3 days ago
- Business
- Associated Press
Pegasus Insights Selected to Present at Treasury Tank Innovation Showcase
07/28/2025, Miami, FL // PRODIGY: Feature Story // Pegasus Insights, a next-generation cash and liquidity platform for mid-market finance teams, has been selected to present at the highly competitive Treasury Tank event during the TMANY NYC Cash Exchange. The showcase, which highlights emerging technologies poised to transform treasury and cash management, will feature Pegasus among a select group of innovators recognized for driving impact across the office of the CFO. Pegasus will present its platform during the Treasury Tank session on September 18-19, 2025, at the Sheraton Times Square in New York City. 'We built Pegasus to solve the real, daily pain points we saw over and over in the field—manual reporting, fragmented data, and slow decision cycles,' said Benjamin Garthwaite, President of Pegasus Insights. 'Being chosen to present at Treasury Tank is a reflection of how urgently the market is demanding smarter tools to manage liquidity with confidence.' Pegasus Insights was founded by experienced financial consultants who spent years building cash flow models and reporting systems for private equity-backed and mid-market companies. Frustrated by the limitations of existing tools, they created a purpose-built solution that connects directly to bank and ERP systems to give finance teams daily cash visibility, automated forecasting, and working capital insights—all without the lengthy implementation timelines and rigid workflows common in traditional FP&A software. The Pegasus platform includes: Designed for mid-market organizations—especially those navigating the complexities of private equity ownership—Pegasus stands out by offering a white-glove onboarding model, rapid time-to-value, and an intuitive user experience designed for finance professionals, not IT teams. According to early customer feedback, teams using Pegasus have reported a 50–70% reduction in time spent on weekly liquidity reports and improved responsiveness to investor and board requests. 'We're honored to showcase how Pegasus helps finance leaders turn fragmented data into confident action,' said Garthwaite. 'Treasury Tank is about surfacing tools that drive real impact, and that's exactly what we set out to build.' To learn more about Pegasus Insights or schedule a demo, visit About Pegasus Insights is a modern cash and liquidity management platform built by financial consultants for mid-market companies. The platform helps finance teams gain real-time cash visibility, automate cash forecasting, and optimize working capital. Pegasus is SOC 2 Type I certified and trusted by private equity-backed businesses across manufacturing, healthcare, SaaS, and business services. Social Links Instagram | LinkedIn Media Contact Full Name: Maggie Cattell Title: Marketing Lead Company Name: Pegasus Insights Email: [email protected] Phone Number: 16145935988 Website: Source published by Submit Press Release >> Pegasus Insights Selected to Present at Treasury Tank Innovation Showcase
Finextra
15-07-2025
- Business
- Finextra
Chocolate Finance upgrades cash management APIs
Singapore-based fintech Chocolate Finance is taking the next step in improving the clarity of everyday cash management by integrating Snowdrop Solutions' transaction enrichment API into its mobile app. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. As part of this upgrade, Chocolate Finance users can now enjoy a clearer, more intuitive overview of their spending. Basic transaction data is enhanced to display the merchant's name, logo and customised categories, helping users filter through their transactions more easily. This added context provides better insight into their finances and builds trust in their experience. The team at Chocolate Finance sees this as just the beginning. In the coming months, they plan to enhance enrichment features with location-based details, greater transparency, and deeper insights into each transaction. Users will also gain the ability to filter transactions for more granular visibility and control over their spending. 'We're excited to partner with Snowdrop to make our customers' daily transactions clearer and more meaningful. This is a key step in our journey to reimagine money in a way that feels effortless, modern and intuitive,' said Anto Lawrence , Chief Product Officer, Chocolate Finance. Snowdrop's enrichment API - known as the MRS API - is designed to support fast-moving fintechs like Chocolate Finance. It allows for easy implementation and future feature expansion, while leveraging Google's AI and mapping technology to deliver consistent and reliable transaction data. This means fintechs can upgrade their user experience without compromising on speed, scale or security. 'It's great to see innovators like Chocolate Finance using enrichment to enhance the way users engage with their finances ,' said Ken Hart, CEO and Founder at Snowdrop Solutions. ' We look forward to supporting them as they continue to grow and evolve their product'. This new collaboration strengthens Snowdrop's presence in Southeast Asia, where demand for intuitive, context-rich banking and personal finance experiences continues to grow. By teaming up with forward-thinking fintechs like Chocolate Finance, Snowdrop reaffirms its commitment to supporting digital innovation across the region.
Al Bawaba
04-07-2025
- Business
- Al Bawaba
Mastercard and Octet Türkiye collaborate to enhance financial flexibility for businesses across MENA
Mastercard and Octet Türkiye have entered a collaboration to address the growing cash management and installment payment needs of businesses in the MENA region. Through this alliance the two companies will launch a versatile solution capable of processing various corporate transactions with a focus on facilitating easy payments and collections with cards. According to data by Statista, the number of digital B2B payments in the Middle East and Africa is forecast to nearly double between 2023 and 2028. The innovative solution will help increase digital transaction volumes by offering efficient alternatives to cash payments. By leveraging Octet Türkiye's expertise in trade facilitation and corporate credit card payments, the solution will enable businesses to make extended, or installment payments while allowing sellers to immediately collect invoice amounts. 'The commercial payments segment presents a wealth of opportunities for innovation. At Mastercard, we are committed to harnessing the power of collaborations to drive smarter and more efficient payment methods. Our latest collaboration with Octet Türkiye will contribute to driving the adoption of digital transactions among businesses, empowering them with greater financial flexibility, said Mete Guney, executive vice president, Market Development, EEMEA, Mastercard. With the increasing use of corporate credit cards, businesses can extend their payment terms without relying on traditional cash loans, ensuring better financial flexibility. This collaboration will enable companies to use their preferred bank's credit cards for payments while seamlessly managing their collections, all within a secure and efficient digital framework. 'In Türkiye, installment payments via credit cards have been a standard practice, regardless of the amount, for a very long time. In addition to the desire for cashless trade driven by digitalization, the global requirement for liquidity management makes the installment payment system a necessity. We at Octet Türkiye, in collaboration with Mastercard, are here to meet this need in the business-to-business (B2B) space across the region,' said Can Saydam, Co-Founder and Chief Sales Officer, Octet Türkiye.
Zawya
03-07-2025
- Business
- Zawya
Mastercard and Octet Türkiye collaborate to enhance financial flexibility for businesses across MENA
Dubai, UAE: Mastercard and Octet Türkiye have entered a collaboration to address the growing cash management and installment payment needs of businesses in the MENA region. Through this alliance the two companies will launch a versatile solution capable of processing various corporate transactions with a focus on facilitating easy payments and collections with cards. According to data by Statista, the number of digital B2B payments in the Middle East and Africa is forecast to nearly double between 2023 and 2028. The innovative solution will help increase digital transaction volumes by offering efficient alternatives to cash payments. By leveraging Octet Türkiye's expertise in trade facilitation and corporate credit card payments, the solution will enable businesses to make extended, or installment payments while allowing sellers to immediately collect invoice amounts. 'The commercial payments segment presents a wealth of opportunities for innovation. At Mastercard, we are committed to harnessing the power of collaborations to drive smarter and more efficient payment methods. Our latest collaboration with Octet Türkiye will contribute to driving the adoption of digital transactions among businesses, empowering them with greater financial flexibility, said Mete Guney, executive vice president, Market Development, EEMEA, Mastercard. With the increasing use of corporate credit cards, businesses can extend their payment terms without relying on traditional cash loans, ensuring better financial flexibility. This collaboration will enable companies to use their preferred bank's credit cards for payments while seamlessly managing their collections, all within a secure and efficient digital framework. 'In Türkiye, installment payments via credit cards have been a standard practice, regardless of the amount, for a very long time. In addition to the desire for cashless trade driven by digitalization, the global requirement for liquidity management makes the installment payment system a necessity. We at Octet Türkiye, in collaboration with Mastercard, are here to meet this need in the business-to-business (B2B) space across the region,' said Can Saydam, Co-Founder and Chief Sales Officer, Octet Türkiye. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Yahoo
01-07-2025
- Business
- Yahoo
US Treasury's Bessent extends measures to avoid debt ceiling breach
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday extended the department's authority to continue extraordinary cash management measures to keep from breaching the federal debt ceiling by nearly a month, until July 24. Bessent said in a letter to congressional leaders that he had determined that the "debt issuance suspension period" previously scheduled to expire on Friday needed to continue. The declaration allows the Treasury to suspend funding from government pension and retiree healthcare funds that are not needed to pay immediate benefits. Bessent has estimated that the Treasury would no longer be able to pay all of its obligations without an increase or suspension of the debt limit some time during the mid-to-late summer. His letter did not provide any specific updates to this timing, although he told reporters on Tuesday that the so-called debt ceiling "X-date" could change if courts interfered with President Donald Trump's tariffs, which pulled in a record $23 billion in customs revenue during May. But his extension to July 24 appeared partly aimed at keeping pressure on Congress to raise the debt ceiling as part of a massive tax-and-spending package before its traditional August recess. "Based on our current estimates, we continue to believe that Congress must act to increase or suspend the debt ceiling as soon as possible before its scheduled August recess to protect the full faith and credit of the United States," Bessent said in the letter.
