Orbian, a co-venture of Citigroup, SAP AG and DCE Ltd, has been launched. Orbian enables businesses to trade on better terms, by releasing money that is locked up in supply chains. Once an invoice has been approved, an Orbian Credit to the value of the goods or services is then issued to the suppiers in real time. Suppliers can either use it to pay other suppliers, discount it to cash, or hold it to maturity. Buyers can defer payment without negatively impacting suppliers A worldwide community is being developed, comprising two distinct groups, Members and Sponsors. Members are the end users of Orbian. Sponsors are primarily banks or financial institutions who offer Orbian membership and credit facilities to existing and potential customers. E-markets and investment grade corporates are also eligible to become Sponsors. Orbian provides a web enabled, secure and real time solution for high value commercial transactions.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more