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.
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.