Tag Archive: fintech

Satago’s Steven Renwick considers the advantages of invoice finance over lump sums for SMEs in Business Advice

Often for SMEs, receiving a lump sum or an equity investment can generate dilemmas resulting in overtrading or unwanted external influences. In Business Advice, Steven Renwick, CEO of Satago, considers an attractive alternative – selective invoice finance. Such a facility enables businesses to borrow funds as and when needed – on demand. Renwick writes that “Instead …

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Satago considers how invoice finance can help SMEs seeking investment in AccountingWEB

    For most businesses – especially SMEs – capital needs are often satisfied by a lump-sum debt injection or an equity investment. Both can result in funding way beyond what most SMEs need at any given moment, resulting in unnecessary challenges and complications.   Writing for AccountingWEB, Satago’s Steven Renwick and Julie Warren consider …

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How to become your own bank manager: Satago discusses pioneering SME finance developments in SmallBusiness.co.uk

The SME finance landscape is being transformed, with alternative financiers leveraging cloud technology, real-time data and analytics tools to provide businesses with smart, efficient and cost effective finance and debtor management solutions. In SmallBusiness.co.uk, Steven Renwick, CEO of fintech company Satago, discusses how we have reached the point where technology is enabling such levels of …

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Commerzbank’s Christian Hoppe stresses the value of nurturing fintechs in Euromoney

Banks have not been blind to the rise of financial technology (“FinTech”) start-ups, nor has their approach to the new upstarts been completely characterised by competition. On the contrary, many banks have been encouraging the industry’s growth – setting up “FinTech labs” to nurture start-ups’ expansion for mutual gain. In a new report for Euromoney, …

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Deutsche Bank publishes new guide to EU Payment Services Directive 2

Banks and payment providers will need to adapt their systems and processes to comply with the requirements of the new EU Directive on Payment Services (PSD2), according to a new guide published by Deutsche Bank, in collaboration with PPI AG, that explains the directive’s most important provisions, as well as its impact on the operations …

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Deutsche Bank’s Andrew Reid in The Paypers: B2B payment innovation is possible only through collaboration

Andrew Reid explains in The Paypers that collaboration is needed for banks to achieve the same level of transformation and convenience in the B2B space that they have already delivered in the retail banking space. In an interview previously published in the B2B Fintech: Payments, Supply Chain Finance & E-invoicing Guide 2016, Reid says that …

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“Better Together”: In El Economista, BNY Mellon’s Margaret Guevara argues banks must work together as an industry if the full power of fintech is to be utilised

Digital innovation, the rise of fintechs, and the growing influence of the millennial generation are creating a newfound urgency for banks to modernise cash and trade transactions. In Mexico, over 70% of banks regard digital transformation as a key board and CEO priority. Yet how can banks best bring about this transformational change? Writing in …

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Specialist press covers appointment of Christopher Mager as Head of new Global Innovation Group within BNY Mellon’s Treasury Services business

BNY Mellon Treasury Services has named Christopher Mager as Head of its newly created Global Innovation Group. The group was launched to ensure the continual incorporation of new ideas and technologies into BNY Mellon’s client services, and secure BNY Mellon’s position as a global leader in financial innovation. Anthony Brady, Managing Director and Global Head …

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“Banks spearheading global payments modernisation” writes BNY Mellon’s Chris Mager in Global Banking and Finance Review

Financial technology has become a huge mobiliser of change in the transaction space. A key catalyst for the recent innovation surge has been the rise of fintech providers, whose exceptional digital know-how, affinity with the needs of millennials, and distinct lack of regulatory boundaries, made them well-positioned to create experience-changing concepts. However, writing in Global …

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ICC Banking Commission discusses the growth of digitisation of trade finance in GTNews

In a recent article for GTNews, David Bischof, Senior Policy Manager at the International Chamber of Commerce (ICC) Banking Commission, explains why trade finance must move towards digitisation in the industry. Indeed, according to ICC’s latest Global Survey on Trade Finance, there has been a slow uptake of digitisation, in part due to the size …

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