Back in 2019 — a lifetime ago, before the pandemic uprooted everything — PYMNTS published a report titled “The Trade Credit Dilemma,” spotlighting the $3.1 trillion U.S. firms were owed on any given day. Receivables are what’s owed, and what ideally should be spun by...
The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. The banks have formed an agreement for correspondent bank network bank connectivity for international trade, they said in a Sunday (Oct. 20) press...
Supply chains underpin the global economy, and inefficiencies in payment processes have emerged as a barrier to growth, resilience and cost control. On Thursday (Oct. 3), HSBC launched an embedded finance venture with Tradeshift, a cloud-based, global trade network for purchase-to-pay automation, supply chain payments, marketplaces,...
Global trade, at its heart, is about receivables. One company owes another for the goods or services it has purchased. While that may sound simple enough, businesses engaged in international trade contend with a range of factors, from geopolitical risks to environmental hazards, that can...
September 26, 2024
Global trade, at its heart, is about receivables. One company owes another for the goods or services it has purchased. While that may sound simple enough, businesses engaged in international trade contend with a range of factors, from geopolitical risks to environmental hazards, that can disrupt supply chains, delay payments and trap valuable working capital. […]
August 01, 2023
To eliminate paper checks and manual payment processes, you need to look for them first. But once you see them, you’ll find them everywhere. That’s why observers believe the B2B...
January 27, 2023
Small businesses have traditionally struggled to access the same trade finance as their larger peers. In an interview with PYMNTS, Sandra Nolasco, CEO at Madrid-based trade finance platform Twinco Capital,...
January 12, 2023
Digital technologies are driving innovation in trade finance, enabling faster decision-making and more streamlined processes. In the past, trade finance was bogged down by lengthy risk assessment and underwriting processes,...
October 28, 2024
Citi has launched an integrated digital bill discounting solution that it said helps users monetize receivables in less than an hour. The new Citi Digital Bill (CDB) is now available to Citi clients in the U.S., the U.K. and Ireland, the bank said in a Monday (Oct. 28) press release. Citi plans to expand this […]
October 21, 2024
The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. The banks have formed an agreement for correspondent...
September 09, 2024
Fides Treasury Services and Mitigram have partnered to centralize and simplify global multibank connectivity and transaction communications, enabling clients to better manage their trade finance operations. This collaboration brings together...
September 05, 2024
Drip Capital has secured $113 million in new funding to develop new products and to accelerate the growth of its digital platform for trade finance. The company has quadrupled its...
