Standard Chartered Bank has launched an Internet channel, Web Bank, to provide end-to-end supply chain management. This online portal is designed to allow vendors and their customers to transact directly. The supply chain management solution, B2BeX (business to business exchange), is designed to streamline and accelerate the entire trade cycle, from procurement to payment. The enhanced document exchange functionality enables customers to create, track and exchange a complete set of trade documents electronically with their trading partners on a global scale. The new look B2Bex platform features includes automated electronic purchase order (PO) grouping for letter of credit (LC) application, which Standard Chartered claims decreases the time spent preparing LC applications, reduces the risk of errors and improves the overall trade cycles leading to an acceleration of cash flow.
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