Many of the hurdles and potholes challenging small business owners today can be attributed to an encompassing problem: SMBs need sophisticated technologies to compete on a global stage, yet the tools to get the job done are designed (and priced) for major conglomerates. Get the...
According to a press release Wednesday (May 16), the European Central Bank (ECB), based in Germany, has chosen OpenLink to provide treasury and risk management technology to manage its euro-dominated investment portfolio, foreign reserves and other asset purchase programs. Get the Full Story Complete the form to unlock...
Seven banks in India have struck an agreement to collaborate with digital banking service provider Infosys Finacle on a blockchain-powered trade network, the company announced Wednesday (May 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.K. government released its report into the Carillion fiasco and it’s damning, to say the least – though not unexpected. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing as the financial institution (FI) tightens its grip against risks. The publication noted Wednesday (May 16) that the $2 billion defrauding...
No more enemies, and more than frenemies. Big banks may be embracing partnerships with FinTechs. And elsewhere, a few deals cemented collaborative efforts between tech upstarts and traditional players.
Regional lender in Japan, Suruga Bank, apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country, reports in Bloomberg said. Get the Full Story...
As Amazon continues to explore entering the hospital supply chain, a survey from Reaction Data released this week suggests most hospitals would be open to having Amazon as a supplier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Trade finance has evolved into an expansive market that combines supply chain finance, invoice finance and factoring, reverse factoring and a slew of other products – all aimed at ensuring that cash flows more easily through supply chains. At the same time, there is an...
