News

Cross Border Commerce
Visa and Currencycloud Collaborate to Enhance Cross-Border Money Movement
September 13, 2023

Visa and Currencycloud have joined forces to introduce a suite of products that aims to simplify cross-border money movement for various institutions. The collaboration combines Visa’s existing cross-border capabilities with Currencycloud’s expertise in multi-currency business facilitation, Visa said in a Wednesday (Sept. 13) press release emailed to PYMNTS....

Banking
HSBC Launches Multi-Market Business Account Opening Service
September 13, 2023

HSBC has launched a multi-market business account opening service. This service aims to help businesses expand overseas by simplifying the account opening process and addressing long-standing challenges faced by internationally-minded businesses, the banking and financial services organization said in a Wednesday (Sept. 13) press release emailed to...

B2B Payments
Intuit Continues Small Business-Focused Product Launches With QuickBooks Money
September 13, 2023

Small and medium-sized businesses (SMBs) have long been aware of Intuit’s suite of products. After all, the global technology platform is responsible for Quickbooks, TurboTax, Credit Karma and Mailchimp, and just last week (Sep. 6) debuted Intuit Assist, a generative artificial intelligence (AI) tool to help its small business...

B2B Payments
Episode Six Debuts BNPL Plan as Companies Hunt Working Capital
September 13, 2023

Payment processing firm Episode Six has debuted an installment payment plan for businesses. Business Now, Pay Later, announced Wednesday (Sept. 13), lets commercial banks offer small and medium-sized businesses (SMBs) “tailored installment offerings” within their business banking channel. The Austin-based company said in a news release that it created...

Ridesharing
Grab Shares Dip as Singapore Launches Review of Ride-Hailing Regulations
September 13, 2023

The Land Transport Authority (LTA) of Singapore announced it will review the ride-hailing and taxi industries, causing shares of Southeast Asian super provider Grab to dip 8%. Grab, whose services include ride-hailing, saw its shares lose the gains they had made over the past three...

Investments
FinTech Swan Raises $39 Million to Expand Embedded Banking in Europe
September 13, 2023

Embedded banking platform Swan has raised $39 million in a Series B funding round. “I’m not obsessed with fundraising, but this news is big,” Nicolas Benady, the French company’s founder and CEO, wrote on the Swan blog Wednesday (Sept. 13). “It’s big for reinforcing the quality and scale of our...

B2B Payments
BlackLine Launches AI-Enabled Intercompany Accounting Tool
September 13, 2023

BlackLine, a cloud finance software company, has begun the rollout of its artificial intelligence (AI)-enabled intercompany accounting capabilities.  This new solution, known as Intercompany Predictive Guidance, aims to prevent transaction failures, reduce resource consumption and enhance efficiency throughout the entire transaction lifecycle, the company said in...

Investments
Treasury4 Raises $20 Million to Support Changing Role of CFO
September 13, 2023

Treasury4 has raised $20 million to expand its software platform for treasury and finance practitioners. The company announced its Series A funding — led by WestCap — in a news release Wednesday (Sept. 13), saying the funds would allow it to enhance Entity4, its legal entity management solution,...

B2B Payments
Hokodo and Fuse Collaborate to Enhance Credit Offering in UK
September 13, 2023

Hokodo, a provider of digital trade credit solutions, has joined forces with Fuse, an artificial intelligence (AI)-powered transaction analytics firm, to enhance Hokodo’s credit offering for businesses in the United Kingdom. By leveraging Fuse’s credit risk and income verification tools, Hokodo aims to provide more personalized...