The collapse of First Brands Group, an Ohio-based auto parts manufacturer, has exposed the inadequacy of US accounting standards designed to prevent opacity in corporate financing. The company’s bankruptcy filing… read more →
The accession means Moldovan users can now send and receive euros with processing times of less than 24 hours and substantially lower fees than previously available. International transfers that formerly… read more →
Yesterday, at the Sibos 2025 conference in Frankfurt, Germany, Visa announced it would launch a stablecoin prefunding pilot through Visa Direct, its real-time digital payments network. The pilot will enable… read more →
As cliché as it sounds, transaction banking is in constant transition. In today’s era of continuous innovation, transaction banking still sticks out as the most dynamic and fast-changing area of… read more →
As fintechs began to rise in the early 2010s, it was clear that the position of traditional banks in global finance was about to change. Discourse in and out of… read more →
Supply chain finance has always been crucial in creating working capital solutions for companies. However, as established supply chains are buffeted by events such as COVID-19 or structural shifts caused… read more →
The partnership combines Finverity’s FinverityOS™ system, which provides customisable supply chain finance products to local and regional banks, with Surecomp’s existing trade finance solutions. Through the partnership, banks that are… read more →
Artificial intelligence (AI) has been a modernisation catalyst for the payments industry. However, only a quarter of financial institutions are confident that the technology’s capabilities have been embedded into their… read more →
A ship recycling operation in the port of Alang, in India, is struggling to recycle sanctioned ships as banks refuse to grant ship-breakers the letters of credit needed to finance… read more →
According to the sources, China’s cabinet will review a roadmap charting a stablecoin strategy for the country, which represents a marked U-turn from China’s traditionally hardline stance against digital assets.… read more →
