Barings, one of the world's leading asset management firms, announced today that it served as a Joint Lead Arranger on a Senior Secured Credit Facility to support New Mountain Capital's acquisition of DRB Systems LLC. Founded in 1984 and based in Akron, Ohio, DRB Systems is the leading provider of turnkey technology solutions used to enhance the operational efficiency of car wash sites across the U.S.

Stress testing has been a much-favored simulation technique used by banks to evaluate the risk of having insufficient capital during tough times. Large financial institutes have been using stress tests as a form of scenario analysis ever since the early 1990s. They have become increasingly popular, however, after the worldwide financial crisis that took place between 2007 and 2009, and has proven to be a fruitful endeavor when it comes to preventing undercapitalization in financial institutes. 

Stress Testing Methodology

HSBC, the world’s leading trade bank, has introduced a Matched electronic Purchase Order (Me-PO) financing solution to dramatically improve the release of working capital.

The Me-PO solution, developed by Bolero, will reduce the cost of invoice and purchase order processing between HSBC business customers and their suppliers, who will benefit from being able to make earlier requests for finance. Both parties will appreciate having a new level of visibility, being able to track and monitor their Purchase Orders and invoices in real time.

SWIFT has launched a Correspondent Banking Suite that provides a single solution for banks seeking cost-effective access to SWIFT while increasing the efficiency and security of their correspondent banking activities.  

Small to medium sized banks face a combined pressure of minimising operational costs while keeping their SWIFT infrastructure up-to-date in terms of technology and security. Additionally, evolving regulatory requirements and cyber security challenges make it crucial for banks to have an in-depth knowledge of their correspondents.

Kofax®, a leading provider o

We are excited to announce the second Andrew Zimine’s speech in a cycle devoted to the hottest trends in fintech and cryptocurrency! On November, 23 Andrew will make a speech at the Vienna International Payment Forum, focusing on EON blockchain as a particular case in terms of transactional business and regulation.

Accuity, the global financial crime compliance, payments and KYC solutions provider, today announced the launch of its Firco Live Services pilot with global banks.

Accuity has been working on its Live Services capability in collaboration with clients who are looking to improve their compliance agility by solving a number of the screening challenges they face. These include:

Leading market infrastructure provider Lucera has selected BSO’s connectivity route to expand its global FX trading reach, as trading volumes start to rise.