UK lenders are predicting an explosion in the number of businesses seeking short-term finance in early 2008 to escape their current banking facilities to seek a better deal elsewhere, according to analysis from Bridging Finance Limited. A triple whammy of the credit crunch, threat of UK recession and cautious lending criteria applied by banks is causing businesses to be more promiscuous with their banking arrangements. According to the Bank of England, business lending increased in the third quarter for both other financial corporations (OFCs) and non-financial corporations (NFCs). Lending to OFCs rose by £41.8bn in the quarter, including £27.7bn to other financial intermediaries and £11.2bn in business loans for fund management activities.
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