24 April 2014

All transaction banking news

The importance and potential of supply chain finance as a line of business for European banks has been emphasised in a survey by working capital outfit Demica which indicates that one third of banks sampled have created SCF-specific roles with directorial status.

cash

Khosla leads all-star investment in small business finance start-up Fundbox

10 April 2014  |  0

Fundbox, a San Francisco-based start-up that helps business owners fix their cash flow by transferring the amount of outstanding invoices to their bank accounts, has secured a $17.5 million funding round led by Khosla Ventures and featuring an all-star team of private investors, including former Citigroup chief Vikram Pandit, ex-Reuters head Tom Glocer, ISE chairman David Krell, and Jay Mandelbaum, one-time head of strategy and e-commerce at JPMorgan Chase.

Bill Gates

Gates to venture back into the land of the dinosaurs at Sibos

09 April 2014  |  0

Banking co-operative Swift has announced that former Microsoft chairman and CEO Bill Gates will give the closing plenary address at the the annual Swift international banking and operations seminar, Sibos, in Boston.

Digital Arrow chart

Tungsten seeks approval for bank buy-out

25 March 2014  |  0

Invoice financing roll-up Tungsten says it expects to take full control of the UK arm of First International Bank of Israel (Fibi) within the next two months, after formally submitting an application for change of control to the UK's Prudential Regulation Authority and the Financial Conduct Authority.

 

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