Standard Chartered and Linklogis have recently completed their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers.

Thomas Egner, the Secretary General of the Euro Banking Association recently referred to data as the 'new superpower of the financial services world.'

Always on trend global fashion destination, ASOS, and leading alternative payments provider, Klarna, take on the US. With the original UK partnership kicking off in 2016, ASOS and Klarna now extend their reach to the US market to offer flexible payment options to savvy shoppers.

Global online fashion retailer, ASOS, sells over 850 brands as well as its own range of ASOS Design clothing and accessories, giving their consumers and audience the confidence to be whoever they want to be.

COBOL (formally, the Common Business-Oriented Language) underpins the business-critical applications in most large banks and financial institutions. COBOL has something in common with Latin: it’s omnipresent even though few remain who are fluent in it. Its ubiquity seems benign until something needs to be modified and nobody knows how to do so without introducing new problems—and then the benefits of modernising suddenly become clear. 

Libra, Facebook's forthcoming cryptocurrency, was formally announced this summer, and will be released in 2020. It's getting a lot of attention for a few reasons, including the pure fact that it comes from such a major tech company as Facebook, as well as that it appears as if it will actually have monetary backing, which some believe will lead to greater price stability.

Swipe2B the world leader in B2B payment solutions, today announced that its BatchPay solution has been chosen by construction and engineering conglomerate Doosan-Babcock to streamline and automate its Accounts Payable (AP) and supplier payments processes. 

Leading blockchain law firm, ISOLAS LLP, has continued to expand its global reach, assisting Bitso, the first exchange in Latin America to receive its full license as a Distributed Ledger Technology (DLT) Provider in Gibraltar. 

The purpose-built DLT framework that applies to Bitso will nowensure that the custody, withdrawals, and trading of cryptocurrencies, available on the exchange’s platform, will operate within a regulated environment. 

Standardization is prolific in any digital sector and the payments world is no different. However, despite the existence and widespread adoption of global payment standards, we’ve still yet to achieve true standardization. This is a pertinent and complex issue for today’s market. But what are the complexities making interoperability such a priority? And how can we achieve harmonization in payment standards?

Innovation, globalization, fragmentation

Today, moneycorp announces it has acquired the Rochford Group, one of Australia’s largest independent treasury advisors. The purchase is moneycorp’s second major international acquisition of 2019, after the completion of its deal for Brazil's Novo Mundo.

Rochford, based in Sydney, also has a representative office in Hong Kong that will further extend moneycorp’s presence in both Australia and Hong Kong, as well as adding a range of new products for moneycorp’s customers.

Admiral Insurance, one of the largest UK insurers, has expanded its strategic partnership with Equifax, the consumer and business insights expert, to power its affordability assessment for instalment payments.