SEB has reached an agreement with GMAC Commercial Finance (GMAC CF) to acquire its Polish factoring and promissory note discounting operation, GMAC CF Sp. z o.o. The acquisition is expected to be completed by 31 July 2008. SEB says that it has seen a strong demand for factoring and related products and services in Poland and it hopes that, following the acquisition, it can offer Polish corporate customers a range of solutions in financing, cash management, trade finance, foreign exchange, leasing, vendor solutions and factoring. The staff and management team of GMAC CF Sp. z o.o will be taken on by SEB. SEB Enskilda acts as sole financial advisor to SEB in connection with the transaction.
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