FIS is reportedly acquiring U.K. supply chain finance firm Demica in a $300 million deal. The two parties agreed to a deal last week, Sky News reported, citing unnamed sources. An announcement is said to be forthcoming. FIS did not immediately reply to PYMNTS’ request...
Crédit Agricole CIB launched a new receivables and supply chain finance platform in the Asia-Pacific region. The bank’s new Optim Receivables and Supply Chain Finance platform is powered by Demica’s white-label, cloud-based platform that helps financial institutions and corporates offer working capital solutions, the companies said in a Tuesday...
In the ongoing drive to help businesses access new sources of capital, Mastercard has launched today (Oct. 21) a new B2B supply chain finance offering as part of its Track Business Payment Service. Mastercard’s Senior Vice President of Commercial and B2B Solutions David Trecker told...
Standard Chartered has teamed up with working capital FinTech Demica on a new online portal to streamline access to the bank’s supplier finance program, according to a company announcement Monday (Oct. 11). The collaboration will start with a fully digitized end-to-end Supplier Enrollment portal, which...
June 20, 2025
In a world beset by geopolitical uncertainty, tightening credit markets and rising capital costs, supply chain finance (SCF) is becoming a lifeline — and automation is at the heart of its evolution. As supply chains continue to stretch toward their breaking point, businesses are looking beyond traditional financing to secure resilience, agility and cash flow. […]
October 21, 2021
In the ongoing drive to help businesses access new sources of capital, Mastercard has launched today (Oct. 21) a new B2B supply chain finance offering as part of its Track...
December 16, 2024
FIS is reportedly acquiring U.K. supply chain finance firm Demica in a $300 million deal. The two parties agreed to a deal last week, Sky News reported, citing unnamed sources. An announcement is said to be forthcoming. FIS did not immediately reply to PYMNTS’ request for comment. A spokesperson for Demica said the company does […]
February 29, 2024
Crédit Agricole CIB launched a new receivables and supply chain finance platform in the Asia-Pacific region. The bank’s new Optim Receivables and Supply Chain Finance platform is powered by Demica’s white-label, cloud-based platform that...