Siemens Financial Services (SFS) has formed a partnership with securitisation firm SecDebt to offer trade receivables finance to European mid-cap companies and SMEs via its Advance solution. ‘Traditionally, raising low-interest finance in the capital markets using invoice debt was very much the province of larger companies,’ said Siemens. ‘Setting up an invoice securitisation was legally and administratively complex, with the subsequent regulatory reporting costly for internal financial management teams,’ it noted. To this end, Advance has been developed to evaluate, finance and monitor the debtor asset, said Siemens.
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