Fundbox raises funds to unlock cash from AR, SWIFT integrates gpi to real-time payment rails, and the Federal Reserve halts FedWire's ISO 20022 migration
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

September 242019

       BUSINESS-TO-BUSINESS EDITION

Blockchain

For IBM, Blockchain as ‘Team Sport’

In the blockchain realm, IBM has said that it may join a team effort with Facebook to develop distributed ledger technology (DLT). Elsewhere, Cisco moves ahead on its own blockchain projects and the electric grid may get a charge from decentralization.

 

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Cross-Border Payments

SWIFT Loops gpi Into Existing Rails For Global Payments

Build or borrow? For today's cross-border payments service providers, it can be a mix of building new infrastructure, or making use of existing rails. This week, SWIFT announced the ability for its gpi service to link into existing rails for faster cross-border payments. Meanwhile, JPMorgan's blockchain initiative to accelerate global transactions gained a new member, while Form3 Financial Cloud debuted its new service to link banks with global SMB payment capabilities via application programming interface (API).

 

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B2B Payments

Fundbox CEO: How To Fix The ‘Net Terms’ Economy

Trade credit is the status quo for how buyers and suppliers do business, and for SMBs extending it can have a crippling effect on their businesses. But as Fundbox CEO Eyal Shinar tells Karen Webster — fresh off a $326 million funding raise — new business credit platforms can turn credit into a strategic decision, instead of one that’s only about filling cash flow holes.

 

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What's Hot


Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank


Splitit Launches B2B Installment Repayment Platform


Infosys Finacle Completes Trade Finance Trial With R3


Societe Generale Debuts Instant Corporate Payments


UK's Nationwide Makes Open Banking FinTech Investments


Best Of Yesterday


Western Union Opens Real-Time Account-To-Account Platform To Global FIs, Digital Wallet Providers


Banks' Definitive B2B Payments Guide To Sibos


Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data


 

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