OFX

PAYMENTS

Finstro | July 08, 2021

Finstro, a technology-powered provider of trade credit and payment solutions for B2B commerce, intends to increase digital adoption momentum in the B2B sector by launching a card solution and an integrated ERP solution to support the supplier/buyer trade relationship. According to a 2018 Goldman Sachs Global Technology Equity Research report, paper-based payment processes accounted for 70% of transaction volume in B2B commerce in the United States and cost businesses - many small ...

TRADING SYSTEMS

AFX, CITI | November 30, 2020

AFX has shaped a vital collusion with Citi in which the Bank will join the American Financial Exchange (AFX). Citi will likewise participate in position supporting utilizing AMERIBOR® fates and give market-production in AMERIBOR® financing cost trades. AFX is an electronic trade for direct lending and borrowing for American banks and financial institutions. AFX additionally encourages the assurance of a market-based loan cost benchmark called the American Interbank Offered...

BLOCKCHAIN

Tassat Group Inc | January 13, 2022

Tassat Group Inc. and Cogent Bank have recently announced that Cognet’s bank B2B clients can access TassatPay, the blockchain-based, real-time payment platform. This will be fully deployed within the U.S. banking system. TassatPay enables banks to provide a secure platform for all payments, 24/7/365. While this partnership news was released, Chirag Bhavsar, president of Cogent Bank, shared some details. He says, “Providing our B2B clients with immediate payments using ...

Cision PR Newswire | September 28, 2020

Acin, the data standards firm that is digitising operational and non-financial risk, today announces it has secured $12 million in Series A funding. The funding round was led by leading European SaaS investor Notion Capital, which will work closely with Acin to drive rapid growth, and supported by Fitch Ventures, the equity investment arm of Fitch Group, a global leader in financial information services. The funding will enable Acin to rapidly accelerate its proposition, by continuing to enhance...