Articles with tag: rei

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FLEETCOR to acquire cross-border payments provider AFEX

21 Sep 2020 | Online Payments

Global business payments company FLEETCOR has announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-border payment solutions provider.

FLEETCOR, acquisition, Associated Foreign Exchange, AFEX, cross-border payments, payables, payment solution providers, global payments, ERP, risk management

Bank of Georgia secures USD 50 mln trade finance facility with Citi

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

Bank of Georgia has signed a USD 50 million one-year trade finance facility with US-based bank Citigroup.

Bank of Georgia, Citi, trade finance, facility, Citigroup, bank, reimbursement, trade advances, retail banking, payment services, corporate banking, investment banking, wealth management, trade finance solutions

Tencent invests USD 63 mln into Flipkart amid China row

18 Sep 2020 | Ecommerce

China-based technology conglomerate Tencent has invested nearly USD 63 million in Flipkart, according to regulatory filings of the holding company in Singapore.

Tencent, investment, Flipkart, Walmart, funding, foreign direct investment, FDI, PUBG Mobile Lite, WeChat Reading, WeChat Work, Tencent Weiyun, Alibaba Group, Paytm, Bigbasket, India

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

BidFX, OpenFin launch FX Desktop Trading application

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

BidFX, cloud-based provider of electronic foreign exchange trading solutions, has added a new service to its product range delivered via OpenFin, an operating system (OS) of finance. 

BidFX, OpenFin, FX Desktop Trading, application, app, cloud-based, electronic foreign exchange, trading solution, e-trading, fx trading, operating system of finance, secure trading, remote working, fintech, cloud adoption, trade finance

US-based Flywire, Mastercard partner for cross-border tuition payments

17 Sep 2020 | Payments General

Vertical payments company Flywire has partnered with Mastercard to provide students with discounted foreign exchange rates on cross-border tuition payments made with Mastercard. 

Flywire, Mastercard, cross border payments, tuition payments, foreign exchange, FX, vertical payments, international payments, international students, UAE, Saudi Arabia, Qatar, Kuwait, Kenya, Ghana, preferred payment method, international tuition, local currencies, credit cards, debit cards

Credit Suisse to roll out digital banking app

10 Sep 2020 | Online & Mobile Banking

Credit Suisse has announced plans to launch a digital banking app in October 2020 to challenge fintechs like Revolut in the Swiss bank’s home market.

Credit Suisse, digital banking, digital banking app, Revolut, N26, Switzerland, Swiss, banks, fintechs, challenger, digital wealth management, foreign transactions, CSX, banking app, online banking, traditional banking, incumbents

Tinkoff Business opens account for Thailand-based office of Aviasales

31 Aug 2020 | E-invoicing, SCF & E-procurement

Tinkoff Business has opened accounts for foreign companies operating in Russia and businesses launching branches abroad, the first customer being Aviasales

Tinkoff Business, Aviasales, Thailand, Russia, accounts, foreign companies, branches, travel search service, payroll, Tinkoff, cards, deposits, loans, Tinkoff Black cards, online financial ecosystem, financial services, lifestyle banking

BlackRock, Temasek, and CCB secure joint wealth venture approval in China

24 Aug 2020 | Payments General

US-based asset manager BlackRock, Singapore-based state investor Temasek Holdings, and China-based CCB have obtained China’s approval for a wealth management joint venture.

BlackRock, Temasek, CCB, joint wealth venture, China, China Banking and Insurance Regulatory Commission, CBIRC, asset manager, state investor, bank, wealth management, financial market, foreign companies, fund managers, restrictions, foreign banks

Cambridge Global Payments partners with Australia-Latin America Business Council

19 Aug 2020 | Payments General

Cambridge Global Payments, a provider of integrated cross-border payments and currency risk management solutions, has been selected by the Australia-Latin America Business Council.

Cambridge Global Payments, Australia-Latin America Business Council, foreign currency exchange, international payments

Stanbic upgrades Foreign Currency Accounts digital banking

06 Aug 2020 | Online & Mobile Banking

Stanbic Bank has stepped up functionality of Foreign Currency Accounts (FCAs) on their digital banking platforms. 

Stanbic Bank, Foreign Currency Accounts, digital banking

Acuant, Bluebird partner to deliver cloud-based identity verification to car rental operators

05 Aug 2020 | Digital Identity, Security & Online Fraud

Global provider of identity verification solutions Acuant has announced that Bluebird Auto Rental Systems will gain access to its identity verification solutions. 

Acuant, Bluebird Auto Rental Systems, identity verification, secure customer experiences, fraud, risk management, Acuant IDscan, AssureID, FaceID, Ozone, multi-factor authentication, liveness test, personally identifiable information, PII, encryption

Standard Chartered enabled to run more places of business in Singapore

04 Aug 2020 | E-invoicing, SCF & E-procurement

The Monetary Authority of Singapore (MAS) has enabled Standard Chartered Bank Singapore (SCBSL) to run more places of business (POBs) as a Significantly Rooted Foreign Bank (SRFB).

Standard Chartered, SRFB, Singapore, The Monetary Authority of Singapore, MAS, Chartered Bank Singapore, SCBSL, Significantly Rooted Foreign Bank, banks, POBs, digital, digital banks, banking, lender

Samsung, BSI, Bundesdruckerei, Telekom Security partner to bring national ID to smartphones

23 Jul 2020 | Digital Identity, Security & Online Fraud

Samsung, BSI, Bundesdruckerei, and Telekom Security have partnered to to bring Germany’s national electronic ID on selected Samsung Galaxy smartphones.

Samsung, BSI, Bundesdruckerei, Telekom Security, eID, eGovernment, National ID, Galaxy S20, Software Development Kit, SDK, Secure Element, eSE, third parties, Trusted Service Manager, TSM, secure electronic interactions, eIDAS Regulation

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

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

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

MAS completes Project Ubin for Central Bank Digital Currency

14 Jul 2020 | Cryptocurrencies

The Monetary Authority of Singapore (MAS) and Temasek have released a report to mark the successful conclusion phase of Project Ubin.

Project Ubin, MAS, Monetary Authority of Singapore, Temasek, JP Morgan, Central Bank Digital Currency, CBDC, blockchain, payments, multicurrency, ecosystem, cross-border payments, multiple currencies, foreign currency exchange

Ecommerce in Europe to account EUR 717 bln in 2020

10 Jul 2020 | Ecommerce

An ecommerce research has revealed that ecommerce is expected to be worth EUR 717 billion in 2020, meaning a 12.7% increase compared to 2019.

Ecommerce Region Report, ecommerce, research, report, Europe, online shoppers, Romania, Bulgaria, Spain, Belgium, Ireland, Austria, Iceland, UK, Denmark, Germany, the Netherlands, Sweden, foreign ecommerce, national ecommerce, Poland, Malta, Cyprus

The CFO Centre selects moneycorp to support businesses navigate foreign exchange

15 Jun 2020 | Payments General

moneycorp North America, a global payments and currency risk management provider, has teamed up with the CFO Centre, a provider of part-time CFO services.

moneycorp North America, CFO services, payments, currency risk management, foreign exchange

Revolut introduces new fees and limits for FX and weekend transfers

11 Jun 2020 | Payments General

UK-based digital bank Revolut has added new limits for its foreign exchange offering for its free plan while also doubling fees for weekend transfers starting with August 2020.

Revolut, FX, foreign exchange, fee, weekend transfers, interbank exchange rates, domestic transfers, euro transfers, Single Euro Payments Area

PayCargo, IBS Software team up to boost digital payments

08 Jun 2020 | Payments General

US-based online freight payments company PayCargo and India-based fintech IBS Software have announced an API-based integration between their industry platforms.

PayCargo, iCargo, freight payments, payments, IBS Software, India, US, Asia, North America, digital payments