One Third of Money Management Tools Face Closure by the End of the Year if They Do Not Embrace Open Banking
- 4 years 1 month ago
- Open Banking, Management
An international study of over 1,000 senior professionals in the banking, lending, PFM, investment, and retail sectors by leading open banking provider Yolt Technology Services has revealed that over a third (35%) of Personal Finance Management (PFM) platforms aren’t using open banking technology. These businesses will face an urgent transition when screen scraping is phased out in Europe at the end of 2020 if they are to avoid major service... more
Virgin Money Launches Free Digital Package to Help SMEs Streamline Finances
- 4 years 1 month ago
- Management
Virgin Money has launched a free, full money management package to support small business customers with their day-to-day financial operations and ensure they have a complete view of their past, current and future financial position. In partnership with market-leading fintech company, Strands, Virgin Money will be the first UK bank and Mastercard issuer to offer Money Management, aimed at empowering small business owners with under £1m annual... more
HPD LendScape and Emirates Development Bank to Launch New National Supply Chain Finance Platform
- 4 years 1 month ago
- Supply Chain Finance
HPD LendScape, a leading international secured lending platform vendor, today announces it has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital, particularly as they cope with the added pressures of the COVID-19 pandemic.
Ebury Ranked #2 EUR/USD Forecaster on Bloomberg
- 4 years 1 month ago
- Foreign Exchange
Ebury announces that it has once again been ranked among the most accurate forecasters for the key EUR/USD pair. Ebury was named as the second most accurate forecaster on Bloomberg for EUR/USD for Q3 2020. This achievement follows on from our number one and number two EUR/USD rankings in Q4 2018 and Q2 2019 respectively.
Goldman Sachs and Volante to Launch Digital Transaction Banking in the Cloud
- 4 years 2 months ago
- Transaction Banking, Cloud
Volante Technologies, the global leader in cloud payments and financial messaging, today announced that Volante has been collaborating with Goldman Sachs Bank USA (“Goldman Sachs”) to provide the payments technology underpinning the bank’s recently
BidFX Releases Flagship FX Desktop Trading Application on OpenFin
- 4 years 2 months ago
- Trading Systems, Foreign Exchange, Cloud
BidFX, the leading cloud-based provider of electronic foreign exchange trading solutions, today announced a significant addition to its product range delivered via OpenFin, the operating system (OS) of finance. BidFX now offers a desktop-installed web application supporting the layout of window-based components that interoperate securely and seamlessly across a trader's multi-screen workstation.
Customers More Likely To Default On Invoices Due To Pandemic-Related Cash Flow Problems
- 4 years 2 months ago
- Covid-19, Cash management
The Covid-19 pandemic has caused an increase in finance professionals dealing with outstanding invoices from customers, according to nearly half (48%) of respondents surveyed by fintech company, Onguard. In particular, cash flow problems were cited by nearly two-thirds (65%) as being the most common reason why customers are failing to pay on time. This represents an increase of 14% from February when just over half (51%) of invoices went unpaid... more
Sterling National Bank and Cashfac Announce Strategic Business Alliance for Launch of New Escrow Account Platform
- 4 years 2 months ago
- Transaction Banking, Cash management
Today, Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), announced a strategic agreement to expand Sterling’s Escrow account origination and servicing capabilities. The partnership will deploy Cashfac’s flagship Virtual Bank Technology (VBT) platform, delivered remotely via the Cloud.
Apex Partners with Calypso to Provide Middle and Back-office Services to Ardent Financial
- 4 years 2 months ago
- Management, Infrastructure
Apex Group Ltd. (“Apex”), a global financial services provider, announces today that it has been appointed to provide front to back office solutions to FCA regulated global securities dealer Ardent Financial Limited (“Ardent”) using Calypso Technology Inc. (“Calypso”) management and reporting platform. These services will complement Apex’s existing provision of custody services to Ardent.
GTreasury Releases AI-Powered SmartPredictions™ to Sharpen Treasurers’ Cash Forecasting Accuracy
- 4 years 2 months ago
- Cash management, Liquidity, Data, Risk Management, Treasury
GTreasury, a treasury and risk management platform provider, today announced the release of SmartPredictions™, which improves cash forecasting accuracy by applying artificial intelligence to short- and long-term treasury data.
New Research Finds 2021 Financial Plans to be Driven by Consumer Spending, Remote Workforce Enablement and the Presidential Election
- 4 years 2 months ago
- Management
OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, announced the results of its “Enterprise Financial Decisio
Misuse of Supply Chain Finance Worrying but Not Widespread, Says Global Supply Chain Finance Forum (GSCFF)
- 4 years 3 months ago
- Supply Chain Finance
The Global Supply Chain Finance Forum (GSCFF) – comprising BAFT (Bankers’ Association for Finance and Trade), FCI, the International Chamber of Commerce (ICC), the International Trade & Forfaiting Association (ITFA) and the Euro Banking Association (EBA) – today released a paper in response to growing concerns regarding the use of supply chain finance (SCF) and, in particular, payables finance programmes.
Huobi Tech’s (1611.HK) Asset Management Subsidiary obtained SFC Type 4 and Type 9 licenses
- 4 years 3 months ago
- Securities Services, Asset Management, Regulatory Standards
Huobi Asset Management (Hong Kong) Limited (the “Company”), the wholly-owned asset management subsidiary of Huobi Technology Holdings Limited (1611.HK), is pleased to announce that it was granted with Type 4 (advising on securities) and Type 9 (asset management) licenses by the Securities and Futures Commission (the “SFC”) on 31 July 2020 to conduct the respective regulated activities.
Forex trading increased by 300% during COVID-19
- 4 years 3 months ago
- Covid-19, Foreign Exchange
With 50% month-to-month growth in trading volumes, FX is on a roll - but what will happen when we’re back to normal? The coronavirus pandemic threw the world into a tailspin. More than six months after COVID-19 came into our lives, the international community is still dealing with substantial uncertainty. Hundreds of millions have lost their income, and the future remains undecided for people and businesses around the world.
Leading PPC expert Claire Jarrett urges SMEs to take back control of their Google Ads
- 4 years 3 months ago
- Covid-19, Management
Britain’s small businesses are being urged to cash in on Google’s free ad voucher scheme and take charge of their own campaigns rather than entrusting the health of their business to an external agency by one of the industry’s leading PPC experts.
