Breaking News
Tony Duggan Comments on Plans to Tackle the Late Paymen Problem
Tony Duggan, CEO of Crossflow Payments, comments on plans outlined by Jeremy Corbyn to tackle the late payment problem:
“Jeremy Corbyn is right to prioritise this issue. Ensuring more businesses get paid on time will not only benefit individual firms, but also act as a significant stimulus for the UK economy at a crucial juncture.
“Being able to unleash the £26bn* that is locked up in late payments without any impact on large corporates’ working capital is now a realistic possibility thanks to the new technology being used by alternative finance firms.
“Momentum has already been generated by the current Government through the recent introduction of the obligation requiring large businesses to publicly report on their payment practice to suppliers, which specifically recognises the benefit of sophisticated supply chain finance solutions. All stakeholders with an interest in tackling this issue need to ensure businesses are aware of these new measures if progress is to be made.
“We also encourage the Leader of the Opposition to explore the role alternative methods of finance, such as supply chain financing, can play in helping small businesses receive payment on time, while allowing larger businesses to optimise their working capital.”
- AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance Read more
- Cathay Pacific Expands Global Partnership with Adyen Read more
- MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector Read more
- Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting Read more
- CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund Read more
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector
Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting
Novidea announced its latest product release which will enable users to reduce manual rework, improve data integrity, and accelerate high-volume processing
CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund
CV5 Capital and Formatnull Investment Management Ltd are pleased to announce the launch of the Formatnull Digital Asset Fund SP, a Cayman Islands-domiciled digital asset hedge fund established on the CV5 Digital platform
Stablecoin Settlement Models Face Compliance and Partner Hurdles, Finds Clear Junction
Nearly half (47%) of payments and remittance firms say compliance requirements are their biggest operational pressure, according to new poll findings from Clear Junction, a global provider of cross-border payments and banking services infrastructure for licensed financial institutions.
Montrose First in Europe to Let Customers Connect Their Portfolio to Their Own AI Interface
Montrose is now the first platform in Europe to let customers connect their stock and fund portfolio to their own AI interface. This means you can ask your AI tool questions about your portfolio, get insights based on your actual holdings, follow relevant news, and prepare trades – always with the customer’s approval and full control.
Finance Leaders Cautious About AI Despite Recognising Productivity Benefits, New Research Reveals
Finance professionals recognise the potential of artificial intelligence to transform their work, but many remain cautious about allowing the technology to operate without human oversight, according to new research commissioned by cloud accounting platform AccountsIQ.
AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector
Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting
Novidea announced its latest product release which will enable users to reduce manual rework, improve data integrity, and accelerate high-volume processing
CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund
CV5 Capital and Formatnull Investment Management Ltd are pleased to announce the launch of the Formatnull Digital Asset Fund SP, a Cayman Islands-domiciled digital asset hedge fund established on the CV5 Digital platform
Pro Global Scales Latin American Hub as Hybrid Model Accelerates Latin America Growth
Pro Global is accelerating its expansion in Latin America, with investment in its regional head office in Argentina as both international and domestic carriers
Dext Launches AI Assist to Automate Everyday Bookkeeping Decisions
Dext today announces Dext AI Assist, a new AI agent designed to help accountants, bookkeepers and finance teams automate everyday bookkeeping