Contour launches domestic LC for Bangladesh businesses
by Ben Poole
The platform aims to onboard over 50 corporates, supported by Bangladeshi and international banks, in next six months.
Paying Suppliers
Background
There are three types of suppliers: high volume trading partners, regular suppliers and one-off/occasional suppliers - see figure. Each type requiring different payment solution. Types of…
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UK businesses voice concerns over barriers to international commerce
by Ben Poole
Bottomline research finds international payments predicted to decrease further.
Goldman Sachs and Visa target global treasury modernisation
by Ben Poole
Their strategic partnership aims to transform treasury operations for Goldman’s clients with Visa B2B Connect and Visa Direct.
Procurement’s increasingly strategic role
by Ben Poole
In a Deloitte survey, chief procurement officers identified 'driving operational efficiency' as their top priority.
Transforming accounts payable with Bank of America
by Ben Poole
The bank's Complete AP automated solution integrates with accounting and ERP technology to deliver process enhancements for corporates.
Digitising Islamic trade finance
by Ben Poole
The International Islamic Trade Finance Corporation recently conducted its first transaction with partners on Bolero’s trade finance platform.
B2B transaction volumes surge
by Ben Poole
Both Tradeshift’s Global Index of Trade Health and Nacha analysis of the US ACH network have picked up sharp rises in B2B payments volumes.
Mastercard advances multi-rail strategy to modernise business payments
by Ben Poole
The payments giant has added account-to-account and global card payments functionality to its Mastercard Track Business Payment Service.
SWIFT pilots service for low value cross-border payments
by Ben Poole
The move follows last month's announcement it will expand beyond financial messaging to provide transaction management services.
Ant Group enters the blockchain-based global trade platform arena
by Ben Poole
The Chinese tech company has launched Trusple, partnering with a number of global banks.
Protectionism could cost the global economy US$10 trillion in trade by 2025
by Ben Poole
A BCG/HSBC report shows high tariffs and trade restrictions could slow economic recovery from the COVID-19 crisis.
COVID-19 is a catalyst for digital B2B payments adoption
by Ben Poole
A Mastercard study shows businesses moving to digital B2B payments for speed, security and transparency.
Barclaycard attempts to redefine supply chain payments for businesses
by Ben Poole
Barclaycard Payment Intelligence uses data analytics to provide a detailed picture of corporate supply chains.
Amex targets the AP space
by Ben Poole
American Express has launched its first automated accounts payable solution for US corporates.
Eurozone banks break ground on the European Payments Initiative
by Ben Poole
The implementation phase of the EPI aims to create a new unified payment scheme and solution, as the ECB welcomes the development.
EedenBull and Mastercard extend strategic partnership into Asia Pacific
by Ben Poole
The agreement builds on their efforts in Europe.
Trade credit crunch approaching for UK businesses
by Ben Poole
40% of companies in the UK are currently facing over £10,000 in unpaid B2B invoices.
Mastercard launch promises enhanced working capital management
by Ben Poole
The Mastercard Track Business Payment Service has gone live in the US ahead of its global rollout.
Industry roundup: 11 May 2020
by Ben Poole
News in brief covering supply chain finance, digital payments, invoice payments and more.
Industry roundup: 30 April 2020
by Ben Poole
News in brief from BankiFi, Refinitiv, and Schneider.
ICC looks to digital to ease trade finance market disruptions
by Ben Poole
Guidance calls on governments and central banks to immediately void the legal requirement for paper-based documentation.
Financial support aims to help Australian companies bounce back
by Ben Poole
The Australian government launches A$500m facility for exporters, while supplier payment terms are under scrutiny in a new proposal.
Industry roundup: 23 April 2020
by Ben Poole
News in brief including CLS, PayFit, SAP, and more.
Deutsche Bank begins roll out of corporate instant payments in Thailand
by Ben Poole
PromptPay uses an account number or corporate tax ID to receive incoming payments.