Cash’s Share of In-Store Spend Is Projected to Be Slashed in Half by 2027 According to Worldpay Report
- 10 months 2 weeks ago
- Cash management
The use of cash in Singapore is forecast to decline by more than half by 2027 according to findings in the 2024 Global Payments Report from Worldpay, a leading payments technology and solutions. Data in the report suggests cash use will drop from 15% (S$23 billion) of point-of-sale transaction value in 2023 to 7% (S$11.4 billion) by 2027. Singapore is projected to join France, South Korea, the UK and the U.S., where the transaction value for... more
Lightyear Launches Business Accounts to Offer Better Rates on Billions of Pounds of British Businesses’ Savings
- 10 months 2 weeks ago
- Cash management
From today, businesses in the UK can access Lightyear’s new business accounts and start putting their money to work through cash interest and investments on the platform. This comes as the neobroker releases analysis on new Bank of England data highlighting the increase in the total amount of cash British businesses hold – nearly half a trillion pounds – but the near-to-nothing interest rate the majority of it gets.
9Spokes Introduces Automated Cashflow Tool for Financial Organizations to Elevate Financial Insights for SMBs
- 10 months 3 weeks ago
- Cash management
9Spokes, a leading global data platform, today announced the launch of its new Cashflow forecasting product, an advanced tool designed for integration within the digital platforms of financial organizations. This new offering provides small and medium-sized businesses (SMBs) with automated, predictive cashflow management and forecasting capabilities.
Mintos Launches Smart Cash to Maximize Cash Holdings via BlackRock-Managed Fund
- 11 months 2 weeks ago
- Cash management
Mintos, a leading multi-asset platform offering a unique mix of alternative and traditional investment options, is delighted to announce the launch of its latest product: Mintos Smart Cash. This new money market fund offering is a great addition to the loans, bonds, ETFs, and real estate already available on Mintos.
Avaloq and Comyno Launch New Securities Financing Solution, Backed by Leading Investment Firm
- 12 months 1 day ago
- Liquidity
Avaloq and Comyno have successfully launched a pre-integrated securities financing solution, offering comprehensive collateral inventory overviews, easier access to liquidity and enhanced risk management.
Akoni Hub Partners with Swoop Funding to Empower SMEs with Cutting-Edge Cash Management Services
- 1 year 1 month ago
- Cash management
UK-based fintech Akoni Hub is pleased to announce a strategic partnership with Swoop Funding, to offer comprehensive cash management services tailored specifically for their SME clients. Through Akoni’s unified platform, Swoop’s SME will gain a complete view of their cash reserves, unlocking a myriad of interest-bearing deposit accounts curated to suit their industry and scale... more
Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools
- 1 year 1 month ago
- Cash management
Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a partnership with OakNorth, the digital bank for entrepreneurs, by entrepreneurs, to offer a commercial card for OakNorth’s Business Banking customers.
Nuvei Launches Invoice Financing to Unlock Merchant Cash Flow
- 1 year 1 month ago
- Cash management
Nuvei Corporation, the Canadian fintech company, today announces the launch of its new Invoice Financing services that have been integrated into several leading enterprise resource planning (ERP) platforms, including Sage and Acumatica. This new service enables merchants to access Nuvei's Invoice Financing solutions directly within their ERP systems to optimize cash flow and unlock working capital more efficiently.
Akoni Hub Partners with Reliance Bank to Provide Enhanced Savings Management Services
- 1 year 1 month ago
- Cash management
Akoni Hub has formed a partnership with Reliance Bank to make its savings products available on Akoni’s cash management platform. Akoni’s customers are now able to place money in Reliance Bank’s Instant Access, Notice and Fixed Term Deposit accounts via Akoni’s online system.
BNY Mellon and Kyriba Announce Collaboration to Combine Short-Term Investment LiquidityDirect™ Platform With Kyriba’s Scalable SaaS Solution
- 1 year 2 months ago
- Liquidity
BNY Mellon, the global financial services company, today announced a new collaboration of its short-term investment platform, LiquidityDirect, with Kyriba, a global leader in cloud treasury and finance solutions.
Kyriba Announces First of Its Kind Innovation with Onyx by J.P. Morgan and Expands Global Partner Ecosystem
- 1 year 2 months ago
- Cash management, Payments
Today, Kyriba, a global innovator in liquidity performance, announced a first-of-its-kind innovation with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments, and liquidity performance for CFOs and Treasurers.
Scott Dunn Selects Nium to Improve Hotel Cash Flow Management with Virtual Card Payments
- 1 year 2 months ago
- Cash management
Nium, the leader in real-time cross-border payments, today announced its partnership with luxury tour operator Scott Dunn to issue virtual cards to its global network of hotel providers.
SMEB Calls for Public Input on Locations for First Cash Deposit Banking Hubs
- 1 year 2 months ago
- Cash management
SMEB, a banking and financial technology company dedicated to supporting small business, has launched a nationwide consultation for locations to place their brand-new cash deposit bank hub for small businesses.
Clip Money Expands Cash Management Suite Through ClipChange
- 1 year 2 months ago
- Cash management
Clip Money, Inc., a leading provider of end-to-end cash management for businesses, has announced the addition of ClipChange to its product suite. The launch of Clip’s new delivery service exemplifies its commitment to providing innovative solutions that modernize business cash operations, offering an efficient way for retail businesses to place change orders.
Nationwide Building Society Confirms Offer for Virgin Money UK PLC and Extends Branch Promise
- 1 year 2 months ago
- Cash management
Nationwide announces today that it has agreed the terms of a recommended cash offer with Virgin Money’s Board for the Virgin Money business.
