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JPMC Adds Deutsche Bank To Blockchain Roster

PYMNTS

The JPMorgan Chase-led Interbank Information Network (IIN) will allow Deutsche Bank to give its clients improved overall service, Ole Matthiessen, the bank’s global head of cash management told FT. Aside from the IIN, Mastercard and R3 ’s cross-border blockchain platforms are also striving to make global payments faster.

Banking 73
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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

BAMFi was founded in 2012 and offered cash management and working capital solutions for transportation, construction, oil and gas, and temporary staffing service providers. The company was recently ranked 121 on the 2019 Inc. 5000 fastest-growing companies list.

Banking 52
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Transitioning from In-House to an Outsourced CFO

CFO Share

They can offer high-level strategic advice or tactical cash management without the full-time cost, making them an attractive option for businesses looking to economize without compromising on financial leadership. In contrast, an outsourced virtual CFO brings a fresh perspective, external expertise, and a flexible commitment.

CFO 40
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Axiom Bank Acquires Factoring Firm

PYMNTS

The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said. The firm focuses on trucking, construction, manufacturing, staffing, oil and gas, and telecommunications borrowers, with financing ranging from $100,000 to $10 million.

Banking 54
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NEW REPORT: B2B Banking’s Tech-Driven Future

PYMNTS

PYMNTS.com, in collaboration with FI.SPAN, has designed the B2B API Tracker™ to give readers a monthly look at the companies that are introducing new B2B services for payments, cash management and trade finance and foreign exchanges. All in on APIs.

B2B 76
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Countingup Lands $750K For Entrepreneur Banking, Accounting Tool

PYMNTS

This includes everyone from your construction subcontractor to your IT freelancer, whether they are self-employed or operating as a limited company,” he stated. Fouracre said there are an estimated 4.2 million sole traders in the U.K. alone, made up of entrepreneurs who operate their businesses as the sole employee.

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What No One Saw Coming In AP Automation And What Comes Next

PYMNTS

Beyond the particulars of check disbursements or ACHs (and the detailed instructions that accompany any payment between buyer and supplier), Disque said automating payments into enterprise resource planning (ERP) or cash management functions (thus eliminating manual touchpoints) are especially beneficial in a remote working environment.