Energy company Eni has launched a supply chain finance program designed to incentivize sustainable development. The new Sustainable Supply Chain Finance Program is focused on the energy supply chain and allows Eni’s suppliers to request advance payment of invoices if they have committed to sustainable development,...
Higher interest rates and deepening bank woes may have businesses scrambling to obtain loans. As reported Tuesday (March 21) by The Wall Street Journal, the Fed is expected to continue raising rates in its ongoing effort to combat inflation. Combined with increased regulatory banking industry scrutiny following the collapses...
Tassat Group will provide access to FedNow through its client-facing application programming interface (API). When the Federal Reserve launches the FedNow real-time payments rail, Tassat’s private blockchain-based B2B solutions will serve as on-ramps for commercial banks that want to participate in the Fed’s platform, Tassat...
SAP Fioneer has launched a B2B embedded finance platform for use by financial service institutions. The new Fioneer Embedded Finance as a Service (EFaaS) provides a centralized platform that financial service institutions can use to develop embedded finance solutions tailored to the needs of their...
Modern B2B marketplaces are helping reshape how even entrenched industry giants operate and scale. This, as Kraft Heinz Co. Monday (March 20) announced it would use beverage giant Anheuser-Busch InBev’s (AB InBev) B2B BEES eCommerce platform to strengthen its international footprint in Latin America, with a particular...
Alloy and Kyckr have partnered on a know your business (KYB) solution. This collaboration adds Kyckr’s real-time KYB and Ultimate Beneficial Owner (UBO) data to Alloy’s platform that helps banks and FinTech companies make decisions around fraud, credit and compliance, the companies said in a...
FLEETCOR has announced a board refresh and a strategic review. The global business payments company has made these changes as part of a cooperation agreement with a longtime shareholder, the global investment and technology development firm D.E. Shaw, FLEETCOR said in a Monday (March 20)...
Embedded finance workflows startup Monite has closed $5 million in seed funding. This follows a $5 million seed round in February 2022, bringing the firm’s total seed funding to $10 million, Monite said in a Monday (March 20) press release emailed to PYMNTS. The Berlin-based...
Fiserv and Central Payments have teamed up to help companies launch new financial products. The new collaboration brings together Fiserv’s payments and financial services technology solutions and Central Payments’ Open*CP Fintech API Marketplace, the companies said in a Monday (March 20) press release. With this...
