Latest Tungsten Corporation News: Finextra Research

Mastercard unveils global trade platform

Mastercard has launched a global trade platform, powered by Microsoft Azure, that is designed to streamline and automate the procure-to-pay process for companies around the world.

12 September 2018

/wholesale

Tungsten agrees sale of banking business

Supply chain finance outfit Tungsten has won approval from UK regulators for the sale of its banking offshoot to Wyelands Holdings.

16 November 2016

/regulation

Regulatory costs force loss-making Tungsten out of banking

Supply chain finance outfit Tungsten is selling its banking unit for £30 million as a key part of a strategic review aimed at reviving the flagging business as it reported widening first half losses.

17 December 2015

/regulation

Tungsten completes bank buy-out to move into invoice discounting

Invoice financing roll-up Tungsten is moving into small business lending through the acquisition of the UK arm of First International Bank of Israel (Fibi).

16 June 2014

/payments

McKeever quits Tungsten; Bryant appointed as 'rainmaker'

Luke McKeever, former CEO of e-invoicing network OB10, has quit his executive position at Tungsten, which acquired OB10 for £99 million in October last year.

29 April 2014

/payments

Tungsten seeks approval for bank buy-out

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.

25 March 2014

/payments

Tungsten ready to shake up supply chain financing

Trading in invoice financing outfit Tungsten made a steady start on the AIM Market of the London Stock Exchange Wednesday, with the company raising £160 million from an oversubscribed placing

16 October 2013

/payments

Supply chain finance industry set for disruption as Tungsten lines up takeover targets

E-invoicing network OB10 is set to be paired with the UK arm of First International Bank of Israel under plans hatched by a new investment vehicle created specifically to shake up the supply chain finance industry.

04 September 2013

/retail

OB10 launches Express Payments for supply chain financing

E-invoicing network OB10 has launched a supply chain finance package that enables small businesses to receive payment on approved invoices within three days.

25 October 2012

/Sibos

PayPal and OB10 team on e-invoicing

PayPal has teamed with electronic invoicing outfit OB10 to create an automated e-invoicing application for the UK business community.

12 September 2008

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