[Expert view] Purchasing departments need to retake control of their currency transactions

5 May 2020

Purchasing departments have got into the habit of favouring contracts in euros with non-eurozone suppliers, meaning they have to pay management costs that are not always justified and can run, every year, into the tens or even hundreds of thousands of euros.

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How can you succeed when 95% of your turnover is exposed to foreign exchange risks?

25 October 2019

That is the challenge for destination management companies (DMCs) operating in France and in Europe. According to the World Tourism Organisation (UNWTO), the year-on-year increase in arrivals of international tourists stood at 6% in 2018, and 4% in the first quarter of 2019. Destination management c...

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International payments, foreign exchange risk: could a fintech be the ally of tour operators?

25 October 2019

For 50% of financial directors, the erosion of margins represents one of the challenges for 2019 (Gartner), while for 73% of them, the priority is to ensure their treasury forecasts for this year are reliable (PWC). In the tourism industry, where companies are exposed to foreign exchange risk, these...

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How can travel agencies protect against foreign exchange risk?

25 October 2019

Because access to good financial services should not to be confined to large groups, fintechs are the partners – sometimes unknown – for players in the tourism industry. Could innovation be the best ally for your trade margin?

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The CEO's Letter

14 November 2018

iBanFirst raised €10 million just two years ago. We have now concluded our latest B series funding round, amounting to €15 million. This is clear evidence of our credibility and robustness, which is only confirmed by some particularly promising growth indicators: 

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BEN, SHARE, OUR: 3 options for international payments

6 November 2018

When you initiate an international payment, you have 3 invoicing options to choose from. Either you assume all potential fees yourself, you charge the beneficiary or you share them evenly between both parties.

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