PrimeRevenue has reported strong demand for supply chain finance as companies struggle to source liquidity in today’s credit-constrained environment. PrimeRevenue’s SCF PlatformTM is an online network that links global companies (buyers), their suppliers (suppliers), and third-party financial institutions in a secure web environment. Through supply chain finance, suppliers of all sizes can access financing based on the credit risk profile of the large buyer. The company says this serves to both increase the availability and drive down the cost of financing for suppliers, reducing cost and financial risk throughout the buyer’s supply chain. A network of financial institutions provides liquidity to fund early payment requests. Approximately 300 new suppliers have been added to the SCF Platform – totaling a spend volume of US$5.8bn – in the six months ending September 2008.
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