According to the companies, the corporates will now be able to receive an alternative working capital solution through the same technology provider they use for e-invoicing and accounts receivable activities.
According to Tungsten Network, it processes invoices for 70% of the FTSE 100 and 72% of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 48 countries.
In the same month, Janus Henderson Investors chose BNP Paribas Securities Services to assume responsibility for most of its back office; fund administration and fund accounting, middle office and custody functions in the US.While in October, BNP Paribas ALM Treasury and EY completed a pilot demonstrating the use of blockchain to improve global internal treasury operations for the bank.
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