Trends in the New Economy:
Thriving in the age of uncertainty
In this issue, we address the benefits and challenges of our integrated and digitalised global economy. These advancements accelerate processes and enable business expansion, but may also present risks, including systems breaches and data theft. Experts in the Corpay community share their experience and best practices to keep systems and data safe, identify and guard against risk, and thrive despite the mood of uncertainty.’
Blog Article:
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Corpay, Cambridge Global Payments, and AFEX are trading names that may be used for the international payment solutions and risk management solutions provided by Cambridge Mercantile Corp. or its affiliate entities. International payment solutions are provided in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Corp. (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through Associated Foreign Exchange Ireland Ltd.; in Jersey and the Channel Islands through AFEX Offshore Ltd.; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Risk management solutions are provided in in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Risk Management (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through AFEX Markets Europe Ltd.; in Jersey and the Channel Islands through AFEX Offshore Ltd.; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.) (all legal entities in referenced in this paragraph are collectively referred to as “Corpay Cross-Border”).
Corpay Cross-Border is duly licensed, authorized, affiliated, or registered to provide international payment solutions or risk management solutions in each of the aforementioned jurisdictions. Cambridge Mercantile (Australia) Pty. Ltd., ABN 85 126 642 448, is authorized and regulated by the Australian Securities and Investments Commission as an Australian Financial Services Licensee (AFSL No. 351278). Cambridge Mercantile Corp. is registered and regulated as a Money Services Business with the Financial Transactions and Reports Analysis Centre of Canada and the Autorité des marchés financiers. Cambridge Mercantile Corp. (UK) Ltd., registered in England and Wales, Company Number 05271222, with its registered office at 4th Floor, 40 Strand, London WC2N 5RW, is authorized by the Financial Conduct Authority (Register Reference: 900702) for the provision of electronic money and payment services. Cambridge Mercantile Risk Management (UK) Ltd., registered in England and Wales, Company Number 08363276, with its registered office at 4th Floor, 40 Strand, London WC2N 5RW, is authorized by the Financial Conduct Authority (Register Reference: 596682) as a MiFID investment firm. Associated Foreign Exchange Ireland Ltd., with its registered office at 120 - 121 Lower Baggot Street, Dublin 2, Ireland, and whose company number is 597582, is authorized by the Central Bank of Ireland as a Payment Institution pursuant to Regulation 18 of the European Union (Payment Services) Regulations 2018. AFEX Markets Europe Ltd., with its registered office at 120 - 121 Lower Baggot Street, Dublin 2, Ireland, and whose company number is 635056, is authorized by the Central Bank of Ireland as a MiFID Investment Firm pursuant to the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. 375 of 2017). AFEX Offshore Ltd., registered no. 117732, with its registered office at Vantage House, 3rd Floor, 5 Anley Street, St Helier, Jersey JE2 3QE, is authorized and regulated by the Jersey Financial Services Commission for Investment Business and Money Service Business under the Financial Services (Jersey) Law 1998. Associated Foreign Exchange (Singapore) Pte. Ltd. with its principal office located at 3 Church Street, #27-01, Samsung Hub, Singapore, 049483 (UEN 200921111C) holds a capital markets services licence (CMS Licence Number: CMS101059) under the Securities and Futures Act (“SFA”) by the Monetary Authority of Singapore for dealing in capital market products that are over-the-counter derivatives contracts and is an exempt financial adviser and is licensed and regulated by the Monetary Authority of Singapore as a Major Payment Institution (Payment License Number: PS20200055) to carry on the business of providing cross-border money transfer service, domestic money transfer service and account issuance service under the Payment Services Act. Cambridge Mercantile Corp. (U.S.A.) is licensed and regulated as a money transmitter, or the local equivalent, by numerous State executive agencies including, but not limited to, the California Department of Financial Protection and Innovation, New York State Department of Financial Services and Texas Department of Banking. For a complete listing of licenses maintained by Cambridge Mercantile Corp. (U.S.A.), visit https://payments.corpay.com/compliance.
This brochure has been prepared solely for informational purposes and does not in any way create any binding obligations on any party. Relations between you and Corpay Cross-Border shall be governed by applicable terms and conditions. Corpay Cross-Border is the issuer of the products discussed in this brochure and would be a counterparty to any transaction you undertake with us. The information provided here should not be construed as providing advice or recommendations of any kind. You should use your independent judgment and consult with your own independent advisors in evaluating whether to enter into a transaction with Corpay Cross-Border. Currency options and other derivative products are not suitable for everyone. You should ensure the risks involved are fully understood before purchasing these products. Clients may be required to meet certain eligibility requirements in order to enter into certain foreign exchange transactions with Corpay Cross-Border. No representations, warranties or conditions of any kind, express or implied, are made in this brochure.
Trends in the
New Economy:
All of the Above
Video:
Recession or Not, Here
We Come
The Australian economy has been buffeted by headwinds: pandemic lockdowns, especially China’s; rising prices and inflation. Do you see that easing now that China is opening? Plus, the RBA plans to continue its rate rises to temper inflation.
13 min watch
APAC
Article:
Weathering the Storms: Investment and FinTech in
a Downturn
Here, we talk about the recession, and why it’s unlike others. We explain the effect of how raising interest rates tightens money supply, and the effect of inflation on the economy.
13 min read
GLOBAL
Article:
Mitigating Inflation, Recession, and Risk: Key FX Hedging Considerations
As we navigate 2023, global economies continue to fluctuate. How can you tailor a hedging strategy to mitigate currency risk?
9 min read
NORTH AMERICA
Podcast:
Emerging Markets:
Recovery and Innovation
With some regions facing an economic downturn and rising interest rates, for many emerging market economies the worst seems to be over, and the general mood is one of recovery.
26 min listen
GLOBAL
Issue 01: January 2023
Article:
Intersection of Digitalization and Strategy
To help illustrate the process of developing a holistic and actionable currency risk management strategy in times of uncertainty, Jim Kessler, Corpay Cross-Border’s Vice President of Currency Analytics, weaves in vivid imagery and ancient Greek philosophy as only he can.
8 min read
NORTH AMERICA
Interview:
Globalisation and
its Discontents
We recently spoke to Karthik Sankaran, Senior Market Strategist at Corpay Cross-Border Solutions and a diligent student and philosopher of the global markets. He offers insights on the future of globalisation in a changing world economy.
22 min read
GLOBAL
Interview:
The Future of Work
We recently sat down with Nish Patel, Corpay Cross-Border’s Chief Information Officer, for a conversation about the future
of work.
20 min read
GLOBAL
Video:
The Future of Global Payments
in a Changing World
Mark Frey shares his vision of the future of the ever-evolving global payments industry, where scale and size matter and automation and digitalisation will continue to trend.
13 min watch
GLOBAL
Video:
Orchestrating a Partnership
In this video you will learn about our five-step partnership process – it’s so much more than facilitating a transaction.
What does that mean exactly? Well, we ask him to lead the orchestra in a rehearsal performance in this video!
18 min watch
NORTH AMERICA
Podcast:
The New Face of Strategic Partnerships: Technology is just the beginning
Listen to how strategic partnerships go beyond tech integration and digitalization – rather, the tech is just the beginning.
24 min listen
GLOBAL
Interview:
Technology Plus Personalization
in Fintech Partnerships
We recently sat down with Bill Taibl, Director, Channels and Alliances at Corpay Cross-Border, for a conversation about developing strategic partnerships during an age of rapid
change, increasing digitalization, and continuing uncertainty
in the global markets.
8 min read
GLOBAL
Video:
Got a minute? Spend it
with Raquel Adamschek
Raquel Adamschek tackles a range of questions as she shares nuggets of information and wisdom in this short video. Take a minute or two to learn about Raquel’s vision for leveraging new technologies to manage currency risk as uncertainty continues.
8 min watch
NORTH AMERICA
Video:
Productivity Transformed
In this video, Philippe Savoy, VP Corporate Sales at Corpay Cross-Border Canada, shares his thoughts on productivity in
the workplace.
21 min watch
NORTH AMERICA
Video:
Got a minute? Spend it
with Mark Frey
Hear what keeps Mark up at night, and what gets him up in the morning! Take a minute or two to hear how the foreign exchange business found him.
8 min watch
GLOBAL
Article:
The Art and Science
of Hedging in
Uncertain Times
Read about the impact of global geopolitical events, a possible recession, and keeping a cool head when markets are losing theirs.
11 min read
GLOBAL
Interview:
Innovation During a Downturn: Accomplishing More With Less
Look into the inner workings of a FinTech, helping you seize opportunities and build resilience in a changing global economy.
8 min read
GLOBAL
Video and Article:
The Implications of China’s Reopening on the Regional Economy
What is the prospect of recession in the Asia-Pacific region, what are the implications of China’s reopening on the yuan?
6 min watch, 5 min read
APAC
Video:
Got a Minute? Spend it
with Corinne MacMillan
Corinne MacMillan is Chief Product Officer for Corpay Cross-Border Solutions. In her global role, she is the lead architect for Corpay’s technology stack, including the customer-facing online platforms and integrated API solutions.
4 min watch
GLOBAL
Issue 02: March 2023
Issue 01: January 2023
Issue 02: March 2023
Want to read more great content? Issue 1 of Trends in the New Economy, All of the Above, and Issue 2 of Trends in the New Economy,
Recession, Recovery, and Resilience, includes even more articles, videos, and interviews with thought leaders from Corpay Cross-Border’s global network.
Trends in the
New Economy:
All of the Above
Issue 03: September 2023
Blog Article:
Insert Name Here
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Interview:
Privacy and Data Protection: Is privacy an illusion in the digital era?
Data protection and privacy are ever more important in a digitalized environment. But is privacy becoming ever more elusive? Don’t miss our interview with Bruce Teichner, FLEETCOR Senior Counsel, Privacy and Data Protection.
8 min read
GLOBAL
Article:
The highest common denominator approach: Responding to regulatory changes in global payments
Staying current with changing global financial regulations can be challenging. The Corpay Cross-Border Regulatory Team helps us understand the importance of striving for the highest common denominator in Compliance.
14 min read
GLOBAL
Video:
Staying a few steps
ahead: Cybersecurity in
the digital age
Cyber-attacks and data hacking threats are constant. Kenneth Foster, FLEETCOR’s VP of IT Governance, Risk & Compliance explains how to keep calm when people are running around with their hair on fire.
30 min watch
GLOBAL
Article:
The impact of great
power competition on
global business
Great power tensions are rising. Competition between
nation-states is a factor in the uncertain security environment. The challenges for companies operating internationally are great, but the opportunities are as well. Karl Schamotta shares his singular perspective through the lenses of history and macroeconomic theory..
GLOBAL
# min read
Article:
Modelling currency risk in a
changing global environment
In times of uncertainty, there are few obvious and definitive answers to managing currency risk. In this essay, Raquel Adamschek describes some of the issues businesses face,
and the approaches some are taking to help manage risk.
NORTH AMERICA
7 min read
Interview:
On beyond KYC: How well do you know your partner?
Partnering with another company or service provider can create a virtuous circle: it can help make an innovative idea a reality, allow businesses to scale more quickly, and expand reach.
The ‘getting to know you’ period can be key to success.
Corpay’s Channel Partner team shares their experience in
this freewheeling conversation.
GLOBAL
19 min read
Compilation:
Business continuity planning in a more complex world
Anticipating uncertainty is part of business continuity planning.
In this montage, several of Corpay functional leads share their unique perspectives, but all agree that the best time to craft a plan is before you need it. Join their conversation.
GLOBAL
32 min read
Interview:
Keeping up with sanctions in a dangerous world
Why do governments levy economic sanctions on other countries, blocs, or individuals and to what effect? Christopher Valotta, Corpay Cross-Border’s Senior Compliance Manager
and Sanctions lead, explains it in this interview.
GLOBAL
17 min read