A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when making loans meant for providing COVID-19 relief, Bloomberg reported. Get the Full Story Complete the form to unlock this article...
Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Distributed ledger technology (DLT) appears to be making progress in its effort to provide the financial services ecosystem with an alternative to traditional rails, with a focus on easing cross-border payments friction. Get the Full Story Complete the form to unlock this article and enjoy...
Clothing brand Hanes jumped from producing T-shirts to fighting the global personal protective equipment (PPE) shortage by manufacturing 200 million face coverings and counting. But transitioning production required leveraging local supply chains and restarting shuttered factories, says Vice President Matt Hall. In the PPE Supply...
While there are numerous points of friction in cross-border payments workflows and infrastructure, much of it can be summed up as “too many chefs in the kitchen.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The general consensus in the small business financial services ecosystem has emerged: Traditional financial institutions (FIs) have largely fallen short from providing small- to medium-sized businesses (SMBs) the digital-first, affordable tools they need to optimize their business operations. Get the Full Story Complete the form...
GTreasury, a treasury management system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy...
Digital accounting platform Receipt Bank has acquired analytics firm Xavier to help boost services for accountants and bookkeepers, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Banco Rendimento has signed onto the RippleNet Cloud platform, making it the first bank to completely use Ripple‘s technology in the cloud, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
