Fundbox raises funds to unlock cash from AR, SWIFT integrates gpi to real-time payment rails, and the Federal Reserve halts FedWire's ISO 20022 migration
| | BUSINESS-TO-BUSINESS EDITION | For IBM, Blockchain as âTeam Sportâ In the blockchain realm, IBM has said that it may join a team effort with Facebook to develop distributed ledger technology (DLT). Elsewhere, Cisco moves ahead on its own blockchain projects and the electric grid may get a charge from decentralization. |
SWIFT Loops gpi Into Existing Rails For Global Payments Build or borrow? For today's cross-border payments service providers, it can be a mix of building new infrastructure, or making use of existing rails. This week, SWIFT announced the ability for its gpi service to link into existing rails for faster cross-border payments. Meanwhile, JPMorgan's blockchain initiative to accelerate global transactions gained a new member, while Form3 Financial Cloud debuted its new service to link banks with global SMB payment capabilities via application programming interface (API). |
| B2B Payments | Fundbox CEO: How To Fix The âNet Termsâ Economy Trade credit is the status quo for how buyers and suppliers do business, and for SMBs extending it can have a crippling effect on their businesses. But as Fundbox CEO Eyal Shinar tells Karen Webster â fresh off a $326 million funding raise â new business credit platforms can turn credit into a strategic decision, instead of one thatâs only about filling cash flow holes. | | |
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