The recent crisis in Ukraine is posing new challenges for global economic systems, from commodity and FX markets to supply chains, with the domino effect of intra-national dependencies on companies in the Ukraine region already being felt.

Procurement teams within businesses of all sizes are under pressure to drive, and then demonstrate measurable value and savings. Many are choosing to automate and optimise part of or all their finance and procurement operations as part of that process. However, like any other investment, procurement pros need to justify the investment to their CFO or finance team for such an initiative.

London-based revenue management Fintech, MONET, is proud to announce the beta launch of its revenue-based lending platform with dedicated Creator Business debit cards and accounts for creators, providing infrastructure that is a world-first in its field. The platform is facilitated by embedded finance specialist Weavr, using their technology to provide business banking and payments infrastructure.

Moneyhub, the market-leading Open Data and payments platform, has joined forces with financial analytics pioneer Envizage to deliver the world’s first

Ebury, the Santander-backed fintech and global provider of mass payment and FX risk management solutions, is delighted to announce that it is exhibiting at BIBA 2022. Those attending the event will be able to meet Ebury’s experts in international payments and cross-border risk management, as well as members of its award-winning Mass Payments team.

Adyen, the global financial technology platform for leading businesses, today announced it has expanded upon its partnership with one of the leaders in Buy Now, Pay Later (BNPL), Afterpay Limited. Afterpay is working with Adyen to process payments across key markets including Australia, New Zealand, Canada, Europe, U.S., and the U.K. to support the company’s  global growth and momentum.

About the Awards Ceremony

The awards show recognizes the best brands in the B2B & B2C online trading and fintech space. Ultimate Fintech, the full-service marketing agency and producers of the legendary iFX EXPO, are orchestrating a night to remember where the upper echelon of the industry go head-to-head to be crowned the best in their respective categories.

Overview:

Watch the video for a summary of this week’s news releases, a review of the USD index, and a complete top down analysis of the USDCAD.

USDCAD Monthly:

Monthly support at 1.2288, resistance at 1.2963 and 1.3382.

Monthly chart is in an uptrend. Price is moving out of consolidation trading above the 1.2963 monthly resistance level.

Temenos, the cloud banking platform, announced that Flowe, the digital bank of Banco Mediolanum, has reached a major milestone with 700,000 accounts in its first 18 months since its launch. With Temenos open platform for composable banking, Flowe is growing twice as fast as its nearest competitor. It received 150,000 new sign-ups in one week with peaks of 30,000 new customers per day.