U.K. challenger banks Tide and ClearBank are teaming up to apply for a portion of the $1 billion made available by Royal Bank of Scotland (RBS) to promote banking competition, Tide announced Monday (Jan. 14). Together, Tide, which targets small and medium-sized businesses (SMB) with its financial...
It’s now been a year since Open Banking officially came into the U.K. financial services market, but the regulatory initiative seems more of a natural progression for the sector rather than a sudden disruption. FinTech adoption is surging among consumers, particularly in areas like money...
Citi‘s latest report on how the corporate finance world plans to navigate volatility in 2019 suggests chief financial officers (CFOs) have a role model toward which to look: the so-called “tech titans.” Get the Full Story Complete the form to unlock this article and enjoy...
Netherlands-based factoring company Factris has announced the completion of its takeover of Lithuanian firm DEBIFO, the companies said Monday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
U.S. investors have placed new funds with U.K.-based corporate payments and treasury technology company AccessPay, reports in The Telegraph said on Sunday (Jan. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain. Now, the bank...
Kabbage, the financial services, technology, and data platform company for small businesses, announced Monday (Jan. 14) that it is powering the Pay Later program for U.S. buyers on Alibaba.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Goldman Sachs is planning to launch a cash management service next year, and might even offer its existing corporate clients more for their deposits as a way to lure them into signing up for the new service. Reuters cited anonymous sources, revealing that the fifth-largest bank...
Worldwide enterprise investment in IT is slated to reach $3.7 trillion, according to 2017 Gartner statistics, marking the fastest growth rate in a decade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
