CIT Commercial Services has entered into a strategic alliance with TradeCard to provide CIT’s credit protection on the TradeCard platform. The move will provide TradeCard vendors with the option to obtain credit protection from CIT instead of bank letters of credit. Using the TradeCard platform, companies can manage their credit-protected receivables online, according to CIT. Under the terms of a Factoring Agreement between CIT and each vendor, vendors may elect, on a transaction-by-transaction basis, to purchase credit protection from CIT. Payment for the receivable will be made by the buyer, or failing that, CIT, subject to the terms and conditions of the Factoring Agreement.
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