Transaction Banking

Trade finance distribution platform Tradeteq secures US$6.3mn in seed extension funding

Tradeteq, the trade finance distribution platform, has raised US$6.3mn of equity investment in seed extension funding round, led by ADV. The financing will be used for the expansion of Tradeteq’s platform, and for the release of new applications and data services. Several of Tradeteq’s existing investors also participated in the seed extension round. Read more »

Jackson National Asset Management selects GoldenSource

GoldenSource, the global provider of Enterprise Data Management, has announced that it has been selected by Jackson National Asset Management (JNAM) to provide a fully hosted and scalable data management platform. Read more »

Equiniti to work with the Information Commissioner's Office (ICO)

Equiniti Group, the multinational specialist technology outsourcer providing non-discretionary payment and administration services, is delighted to announce that it has been selected as one of the Information Commissioner Office’s (“ICO”) partners for IT solutions. Read more »

IDG Ventures, Jungle Ventures backed Vayana Network enables $1 bn in Trade Financing

Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, today announced crossing the USD 1 billion mark of trade financing on its network.  Vayana’s simple, cloud-based Network enables businesses and their trade partners get easy, digital and fast access to financing from Financial Institutions (FIs), such as Banks and NBFCs, at better than market rates. Read more »

Cash Automation Technology Helps Retailers Protect Cash and Staff

New study on cash automation presents in-depth insights from retailers in 13 countries on technology which counts, validates and stores banknotes, and which is capable of fully automating cash management in stores. Security considerations drive retailers to invest in automation of cash processing Read more »

The largest B2B & B2C event Traders Fair & Gala Night Singapore

SINGAPORE – The largest B2B & B2C event Traders Fair & Gala Night Singapore organized by FINEXPO is going to take place on October 26, 2018 at Suntec Singapore Convention & Exhibition Centre. Traders Fair & Gala Night Singapore is about to become the biggest world Financial Expo-Forum covering Financial and FX Trading Industry as well as it claims the role of the most favorable way to build up the business connections and widen... more Read more »

Report recognizes Finastra for both banking book and trading book operations

 Finastra has been positioned as a Category Leader in the Chartis RiskTech Quadrants for both banking book and trading book credit risk solutions. The rankings are featured in a recent report published by Chartis, titled Technology Solutions for Credit Risk 2.0, 2018, which assesses the technologies that are addressing the speed, flexibility and risk profile of the lending market. Read more »

SmartStream signs Jumhouria Bank of Libya

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced Jumhouria Bank, the largest bank and branch network in Libya, has signed a deal forSmartStream’s Corona solution for the delivery of intra-day reconciliations management across cash, cards, branch, central bank and payment transactions. Read more »

Barclaycard introduces co-branded business trade card in the UK

Barclaycard, which has helped make businesses successful for more than 50 years, is partnering with selected companies of the Travis Perkins Group to launch a new range of co-branded business credit cards. The rollout of the new cards kicks off with Travis Perkins and Toolstation this month. Read more »

BNP Paribas Asset Management selects Link Asset Services as debt servicer for new SME Alternative Financing platform

BNP Paribas Asset Management (BNPP AM) has appointed Link Asset Services as the debt servicer for its new SME Alternative Financing platform. The SME Alternative Financing platform, currently operational in the UK, will invest through direct loans to finance ambitious projects for SME companies, complementing lending by domestic commercial banks to finance their growth. The platform has already successfully closed its first loan in the UK. Read more »

Addison Lee Employment Appeal Tribunal against driver's employment classification set for Thursday 21 June

One would hope after the high level of employment tribunal victories centring around precarious, gig and bogus self-employment that companies, apps and investors would have learned by now, said GMB London  On Thursday 21st June, an appeal from Addison Lee will be heard in an Employment Appeal Tribunal against the ruling last September that Addison Lee’s drivers where to be classified as workers.  Read more »

Penta Launches New Product Team Access

Digital banking fintech Penta has launched a new product called, Team Access. Founders can now order team MasterCards for their co-founders and coworkers as an instant cure for time-costly expense management.  It comes with account access and customisable permissions for each team member. Read more »

Over a third of Brits think the UK will be cashless in 10 years or less

Online research from Equifax, the consumer and business insights expert, reveals over a third (37%) of Brits believe the UK will be a cashless society within the next 10 years. Over half (53%) of 16-34 years olds believe we’ll be reliant on digital and card payments by 2028, compared to  just 22% of those aged 55 or above. Read more »

Logistics Service Provider B+S Logistik Achieves Rapid Ecommerce Growth using Descartes pixi* Warehouse Management Solution

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that B+S Logistik (B+S GmbH Logistik und Dienstleistungen), a leading German logistics service provider (LSP), has expanded its contract logistics business with new business-to-consumer (B2C) ecommerce operations using the Descartes pixi* warehouse management solution (WMS) to support order fulfillment in fashion, food distribution and... more Read more »

Siemens awarded Atos major application management contracts to drive digital transformation program

Siemens has awarded Atos with two large contracts covering Application management services as well as Technical production support, most of those representing a new scope of business for Atos The global contracts will run for a duration of 5 years and will support multiple Siemens divisions and regions Total value for both contracts amounts to above €200 million Read more »

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