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.
Chinese internet giant Tencent has launched its first 'official' supply chain finance programme, according to a report in The Asset.
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.
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.
Rabobank is the new exclusive sponsor of the Supply Chain Finance Awards, the global competition for SCF excellence organised by the Supply Chain Finance Community.