China's Banking and Insurance Regulatory Commission has issued new guidelines on supply chain finance which aim to crack down on supply chain fraud, according to a report in the official news outlet China Daily.
Payables automation platform Tipalti has launched a supplier finance offering. The service, called NetNow, is now available within Tipalti's accounts payable solution.
Bank of Montreal (BMO) has become the first bank in North America to license Demica's supply chain finance technology platform under a 'white label' agreement. The deal includes a range of support services including buyer integration and supplier onboarding.
Neil Garrod, the former group treasury director at Vodafone, is to join Greensill as CFO in the latest in a series of hires by the supply chain finance giant.
Multinational technology manufacturer Flex has joined the speaker line-up for Supply Chain Finance Forum Americas in Los Angeles on August 7th.
Greensill has bought receivables securitisation specialist Finacity, which will now become a wholly-owned part of Greensill. The move comes shortly after Softbank invested $800m in Greensill.
UniCredit is to take a minority stake in FinDynamic, an Italian fintech start-up offering dynamic discounting programs. The bank will work with FinDynamic to offer dynamic discounting to Unicredit clients as part of its working capital solutions.
The SCF market is on the verge of a fundamental change, says Lex Greensill. Mike Hewitt spoke to him on the day his company reached a valuation of $3.5bn.
Japan's Softbank is to invest $800m in Greeensill Capital, valuing the supply chain finance funder at $3.5bn. The investment doubles the value placed on Greensill since General Atlantic put in $250m at a valuation of $1.64bn in 2018.