Articles with tag: crisis

Found 11 results in 184 milliseconds.

Citi, JP Morgan, and State Street invest in fintech Capitolis

11 Sep 2020 | Payments General

JP Morgan, Citigroup, and State Street have invested USD 11 million in Capitolis, a US-based technology startup that seeks to help banks use capital more efficiently, according to Reuters.

Citi, JP Morgan, State Street, Spark Capital, Index Ventures, Sequoia Capital, Capitolis, fintech, startup, Reuters, US, United States, banks, capital, software, capital markets, liquidity, financial institutions, trading, financial crisis, risky trades, capital banks, residual trades, derivatives portfolios, investors

Amex adds Pay Over Time to business cards, for payment flexibility

02 Sep 2020 | Cards

American Express has announced plans to embed Pay Over Time in their family of Green, Gold, and Platinum Business Cards, to help customers meet their cash flow management needs.

Amex, American Express, COVID-19 crisis, cards, Platinum Business Cards, cash flow, payments, Pay Over Time, US

CDC, Societe Generale partner to boost African trade

02 Jul 2020 | E-invoicing, SCF & E-procurement

UK-based impact investor CDC Group has closed a USD 100 million trade finance risk sharing facility with Societe Generale.

CDC, Societe Generale, African trade, trade finance, risk sharing facility, local banks, new banks, Francophone West Africa, funding, economic crisis, United Nations, SDG, deficit, International Chamber of Commerce

US-based Upgrade secures USD 40 mln funding with help from Santander

18 Jun 2020 | Payments General

Alternative lender Upgrade has raised a USD 40 mln Series D funding round from investors including Santander InnoVentures.

Upgrade, Santander, Santander InnoVentures, US, funding, extended credit, alternative lender, non-bank, loans, credit cards, Union Square Ventures, Ribbit, Vy Capital, Silicon Valley Bank, Ventura Capital, Uncorrelated Ventures, financial crisis

As British economy shrinks record 20%, Bank of England 'ready to act'

15 Jun 2020 | Payments General

Bank of England has announced it will be ‘ready to take action’ to help the UK economy weather the coronavirus crisis, according to BBC.

Bank of England, coronavirus crisis, economy, finance, plan, UK, digital, crisis

Wellpay to help individuals burdened by medical bills due to Coronavirus crisis

14 Apr 2020 | E-invoicing, SCF & E-procurement

US-based fintech Wellpay has revealed that it will be accelerating its planned public launch, in order to help individuals who may be burdened by huge medical bills due to the COVID-19 crisis.

US, Wellpay, bills, medical bills, free billing, 8vc, Montage Ventures, Mubadala Capital Ventures, TTCER, zero-fees, COVID-19, coronavirus, crisis

Brazilian cosmetics maker Natura to adapt production to keep jobs

10 Apr 2020 | Ecommerce

Natura, a Brazil-based cosmetics maker, has adapted its production lines to smooth reductions in revenue caused by the world coronavirus crisis.

Natura, coronavirus crisis, Brazil, ecommerce, retail

Fintechs lobby for role in sending relief funds to SMEs

26 Mar 2020 | Payments General

Fintech companies have been lobbying to disperse government relief funds to small business owners in danger of running out of cash as their businesses remain closed during the coronavirus crisis.

Fintech, coronavirus crisis, small businesses, US, lending, funds, economic relief, package bill

RBS sees rise in profits after renaming as NatWest

14 Feb 2020 | Payments General

RBS has reported a 27% rise in pre-tax operating profit for 2019 to GBP 4.2 bln as management announced renaming the bank NatWest.

RBS, Royal Bank of Scotland, NatWest, rebranding, banking, profit, bank, incumbent bank, financial crisis, UK, United Kingdom

Untangling the toolchain crisis: interview with Feedzai's Chief Product Officer, Saurabh Bajaj

03 Dec 2019 | Digital Identity, Security & Online Fraud

Saurabh Bajaj, the Chief Product Officer at Feedzai recently set aside some time to discuss the problems retail banks face in a digitally-evolving world

Saurabh Bajaj, Feedzai, fraud, risks, compliance, banks, financial crime, credit cards, accounts, omnichannel, toolchain crisis, challenger banks, risk mitigation, retail

Central German bank cautions over rolling digital central bank money

30 May 2019 | Cryptocurrencies

Bundesbank President Jens Weidmann has warned central banks to exercise caution in introducing digital currencies that could potentially destabilise the financial system during times of crisis.

Bundesbank, digital money, cryptocurrency, banks, financial crisis, Germany