The National Bank of Canada, the country’s sixth-largest bank, is collaborating with business consulting and IT company CGI to launch a blockchain-powered trade finance solution. Rather than focusing on the actual finance of a trade agreement, however, the bank and CGI are working to facilitate...
Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship...
CGI has announced the launch of CGI HotScan360, an enhanced version of its industry leading HotScan solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Australia and New Zealand are planning to create trans-Tasman standards for electronic invoicing in an effort to save $30 billion over 10 years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The business-to-business (B2B) buying experience has changed; there’s no doubt about that. The business-to-consumer (B2C) commerce landscape has had a massive influence on corporate buying habits, from sourcing through payments. It’s often described as the “Amazon effect,” as suppliers explore how to provide a consumer-like...
Reports that Sears was halting its payment to suppliers ahead of its anticipated bankruptcy may be just the beginning of vendor trouble for the retailer. The Chicago Sun Times said on Friday (Oct. 19) that one of Sears Holdings’ vendors is suing the company, claiming nearly...
Despite the rise of FinTech firms and challenger banks hoping to offer small businesses (SMBs) a better banking experience, large traditional financial institutions (FIs) continue to hold the dominant position in the SMB financial services (FinServ) space. However, that’s not for lack of interest among...
Ukrainian government officials are defending payments made to their digital procurement platform provider, following claims of wasted funds as detailed in the nation’s 2017 budget. According to Interfax-Ukraine reports on Friday (Oct. 19), the nation’s First Deputy Economic Development and Trade Minister Maksym Nefyodov defended...
In a recent white paper, SWIFT weighs in on how FIs are catching up in the API arena — and how a consistent experience is key to delivering the services customers need and want.
