GE Corporate Financial Services has purchased NMB Heller Ltd UK from NMB Heller Holding N.V. The transaction will transfer £645 million in assets to GE Corporate Financial Services’ £5.5 billion asset portfolio in Europe. The acquisition confirms GE Corporate Financial Services’ continued growth plans for the UK market. The move will allow GE CFS to offer a wider portfolio of working capital solutions including factoring and invoice discounting to SMEs typically with turnover of between £1 million and £200 million. The company is also developing its portfolio of larger, structured asset based deals in the £20-100 million funding range.
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