Transaction Banking

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

6 years 4 months ago
Trade Finance

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.

Cash Automation Technology Helps Retailers Protect Cash and Staff

6 years 4 months ago
Cash management

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

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

6 years 4 months ago
Trade Finance

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

Report recognizes Finastra for both banking book and trading book operations

6 years 4 months ago
Trade Finance, Banking

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.

SmartStream signs Jumhouria Bank of Libya

6 years 4 months ago
Transaction Banking, Reconciliation

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.

Barclaycard introduces co-branded business trade card in the UK

6 years 5 months ago
Cash management

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.

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

6 years 5 months ago
Transaction Banking, Asset Management, Investment Management

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.

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

6 years 5 months ago
Management

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.

Penta Launches New Product Team Access

6 years 5 months ago
Management, Payments

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.

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

6 years 5 months ago
Cash management

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.

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

6 years 5 months ago
Management

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

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

6 years 5 months ago
Management

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

EMA’s : Launch & First Contracts

6 years 5 months ago
Transaction Banking

Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX: ISX | FRA_DE: TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to provide the following business update. E Money Accounts (EMA) The Company is pleased to announce that it has launched a tailored business to business Euro (€) based transactional banking service, aimed at providing a service to its AML... more

ING's money management platform Yolt expands to France and Italy

6 years 5 months ago
Cash management

ING announced today that it's expanding its money management platform Yolt to France and Italy. Yolt is ING's smart money app in the UK that helps users to actively manage their personal finances with a one-stop overview of their accounts with the majority of UK banks and other features. Yolt was launched in the UK in June 2017 and has already attracted 300,000 registered users there. ING's plans to rollout Yolt in France and Italy is part of... more