Articles with tag: liquidity

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Goldman Sachs, Volante roll out cloud-based digital transaction banking

23 Sep 2020 | Online & Mobile Banking

US-based cloud payments and financial messaging service provider Volante Technologies and Goldman Sachs have announced a digital transaction banking service built entirely from scratch in the cloud.

Goldman Sachs, Volante, cloud-based, digital transaction banking, Volante Technologies, cloud payments, financial messaging, payments technology, platform, Goldman Sachs Transaction Banking Platform, banks, corporate clients, partners, API, analytics, liquidity management, virtual accounts, VolPay, domestic payments, international payments, FX, ACH, SWIFT, cross-border payments

ClearBank adds multi-currency bank accounts offering via API

17 Sep 2020 | Online & Mobile Banking

UK-based cloud-based clearing bank ClearBank has incorporated the possibility to offer multi-currency bank accounts through JP Morgan's API.

ClearBank, API, multi-currency bank accounts, bank accounts, cloud-based, clearing bank, funds, real-time foreign exchange, foreign exchange, FX, interbank rates, liquidity, cash flows, fund transfer, third party accounts, JP Morgan, FX liquidity, client funds

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

Factris, NN Investment Partners form European financing agreement

10 Sep 2020 | E-invoicing, SCF & E-procurement

Fintech Factris has closed a new EUR 50 million secured financing agreement with asset manager NN Investment Partners (NN IP).

Factris, NN Investment Partners, NN IP, Europe, financing, asset manager, fintech, secured financing, SMEs, SMBs, invoices, trade, liquidity, invoice finance, covid-19, pandemic, trade credit insurance, real economy, responsible investing

US-based banks face losses as personal loans decline continues

03 Sep 2020 | Payments General

Data and analytics company GlobalData has observed that US-based banks continue to face severe loses as they experience low net interest margins and falling fee income. 

US, banks, losses, personal loans, net interest margins, fee income, covid, consumer spending, credit card loans, retail banking, liquidity, low credit rates

Liquidity Capital, MUFG secure USD 80 mln initiative for Asia-based startups

11 Aug 2020 | Payments General

Israel-based AI technology firm Liquidity Capital has partnered with Japan-based MUFG Bank to determine the feasibility of issuing loans to Asian startups.

Liquidity Capital, MUFG Bank, initiative, Asia, startups, Singapore, Israel, Japan, Mars Growth Capital, Mars Growth, AI technology, bank accounts, accounting information, financing, ecommerce, Mitsubishi UFJ Financial Group, Meitav Dash Investments

Credit Suisse seeks partnership with insurers

10 Aug 2020 | Payments General

Switzerland-based Credit Suisse has announced plans to expand cooperation with insurers, according to chairman.

Credit Suisse, Switzerland, insurers, cooperation, partnership, insurance, credit cards, events, retail clients, coronavirus, state backed loans, quick liquidity, banking services, retail business, Ping An, China

Sidetrade Unpaid Invoice tracker: what the pandemic has taught us

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

With billions of euros tied up in unpaid invoices during lockdown, Rob Harvey, Global Director at Sidetrade, shares learnings about B2B late payment across Europe based on the findings of Sidetrade’s Unpaid Invoice tracker

AI, invoicing, late payments, lockdown, digitalisation, coronavirus, study, Sidetrade, Sidetrade Unpaid Invoice Tracker, cash flow, liquidity, businesses, the Netherlands

World Bank approves USD 750 mln loan for India-based MSMEs

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

The World Bank has approved a loan of USD 750 million to help increase the flow of finance into the hands of MSMEs in India.

World Bank, loan, MSME, India, MSMEs, coronavirus, pandemic, economic shutdown, liquidity, credit requirements, supply chain disruption

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

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

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, covid-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries

PayPal, Venmo to let users buy and sell crypto

23 Jun 2020 | Cryptocurrencies

PayPal and its mobile payment service Venmo have announced plans to offer crypto buying and selling to users of PayPal and Venmo, according to CoinDesk.

PayPal, Venmo, crypto, Venmo, CoinDesk, The Block, liquidity, crypto ecosystem, Bitcoin, Coinbase, payments

Ripple to release On-Demand Liquidity in Brazil

15 Jun 2020 | Cryptocurrencies

US-based crypto company Ripple has announced plans to launch its On-Demand Liquidity service in Brazil, as reported by a company representative during an interview.

Ripple, On-Demand Liquidity, Brazil, ODL, crypto, cross-border payments, Latin America, Santander, Bradesco, Banco Rendimento, blockchain, RippleNet, payments, XRP token, fiat currencies, cross-border transactions

Tradeshift, EKF to roll out supply chain finance model

12 May 2020 | E-invoicing, SCF & E-procurement

US-based spend management platform Tradeshift and Denmark-based ECA Eksport Kredit Fonden have planned a supply chain finance programme to aid businesses amid the pandemic.

Tradeshift, EKF, SCF, supply chain finance, ECA, export credit agency, pandemic, credit lines, supplier, working capital, invoice data, buyers and sellers, invoice liquidity, transactions, paper-based invoices, e-invoicing, spend management

COVID-19 impact on Saudi Arabian banks might last up to nine months – KPMG study

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

A report released by KPMG Saudi Arabia has revealed the impact COVID-19 has on the banking sector and the potential countermeasures to cope with the new normal.

bank, digital transformation, COVID-19, coronavirus, KPMG, report, banking, SMEs, retail banking, credit card, mortgage, liquidity, cyber risk, SAMA

Barlcays opens CLBILS to help large corporate clients impacted by COVID-19

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

Barclays has opened the Coronavirus Large Business Interruption Loan Scheme (CBILS) to help large corporate banking clients that are impacted by the COVID-19 pandemic.

Barclays, CLBILS, COVID-19, coronavirus, UK, CBILS, banking, loans, working capital, liquidity, supply chains, FX, Clydesdale Bank, Danske Bank, HSBC, Lloyds Bank, Santander

Global cryptocurrency liquidity provider XHUB partners with ByteTrade

24 Mar 2020 | Cryptocurrencies

A global liquidity provider, XHUB has signed a joint venture agreement with dual chain blockchain protocol ByteTrade.

XHUB, blockchain, liquidity, partnership, ByteTrade, protocol, payments solutions, dApp, DeFi development, digital ID, descentralised exchanges

Czech banks and covered bonds will benefit from central bank's coronavirus response

23 Mar 2020 | Payments General

On 17 March 2020, the Czech National Bank (CNB) has implemented a series of proactive measures to assist Czech banks weathering the negative economic effects of the coronavirus outbreak, a credit positive. 

Czech banks, central bank, coronavirus, lending, liquidity

Integral partners with Western Union to provide FX technology solutions

17 Mar 2020 | Online Payments

US-based fintech Integral has partnered with Western Union to employ eFX risk management technology across Western Union Business Solutions platform.

Integral, Western Union, FX technology, risk management, currency, foreign exchange, trading solution, US, United States, North America, liquidity management

Supply chains face liquidity crunch as Tradeshift reports 62 percent drop in global trade transactions

17 Mar 2020 | E-invoicing, SCF & E-procurement

Global business to business transactions have dropped by 62% in the past week (w/c March 8, 2020) according to the latest data from Tradeshift.

Supply chains, liquidity, Tradeshift, trade, transactions, payments

Finacle Core Baking Solution implemented by Community Bank

09 Mar 2020 | Payments General

Community Bank and Infosys Finacle have announced the implementation of the Finacle Core Banking Solution at the bank.

Infosys Finacle, core baking, Community Bank, digital banking, core banking, omnichannel banking, payments, treasury, origination, liquidity management, wealth management, analytics, artificial intelligence, blockchain