Working capital, the lifeblood of businesses, is being transformed by financial technology. At a recent roundtable, C2FO brought together a panel of experts from diverse areas to talk about innovations in fintech, with a specific focus on working capital.

Whether the impact of fintech on working capital is an evolution or a revolution – panellists differed on this point – there was wide agreement that there is a powerful change underway.

Clydesdale Bank and Yorkshire Bank have teamed up with proposition design consultancy Market Gravity to design and launch a pioneering new smart digital banking service – B. 

CSC  announced that it has completed the acquisition of Xchanging plc.

In continuation of my previous blog on Blockchain: Need of Future for Financial Industry, let us now try to understand one more path breaking revolution in the field of Accounting and Ledger maintenance. This will provide a better and efficient way of fund settlement between two parties domestically as well as internationally, where Foreign Currencies are involved.

Settlement and Accounting for Banks (Local and Foreign Currency)

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, has announced that the innovative music and entertainment platform, TIDAL, selected Ingenico ePayments as its exclusive partner to help process increasing demand for its services and optimize the payment experience for its customers.

 Provenir, provider of risk analytics and decisioning solutions, today announces the integration of its platform with Salesforce to improve the execution of complex credit decisioning processes with increased transparency across platforms. Companies that use Salesforce for customer relationship management (CRM) can now connect to Provenir’s platform to run automated risk analytics and decisioning for credit and loan applications, as well as mobile payments and e-commerce transactions -- all from within their Salesforce environments.

 Sapient Global Markets, a leading global provider of business technology and consulting services for the financial and commodity markets, today announced the launch of RegRecon, purpose built to solve industry issues surrounding low match rates and regulatory reporting accuracy.

 InvestCloud, Inc, the first of its kind Digital Applet Platform for the financial services industry, supporting 660+ advisors and institutions with $1.5 trillion on platform, announced today the launch of their most advanced group of applets, BB8.

Misys has been named Best Portfolio Management Software Provider at the HFM European Hedge Fund Services Awards. Misys FusionInvest receives this award in recognition of its ability to simplify the investment management process, with a combination of market-leading portfolio management capabilities and a real-time investment book of record (IBOR) backbone.