Supply chain finance

Augury and DSV Announce Groundbreaking Partnership to Introduce New Parts As a Service (PaaS) Solution for Industrial Manufacturing

Retrieved on: 
Thursday, March 14, 2024
Technology, Semiconductor, Transport, Specialty, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Logistics, Supply Chain Management, Retail, Artificial Intelligence, Failure, Health, ROI, Growth, Platform as a service, CMMS, Vendor-managed inventory, BAZAN, BAZAN Group, Partnership, Risk, Supply chain finance, AI, Overalls, Predictive analytics, Inventory, IMS, Workflow, Ecosystem, Process, DSV, Production, Maintenance (technical)

DSV's IMS helps companies eliminate the overhead of managing and sourcing spare parts with a complete service solution, from planning and procurement through transportation and logistics.

Key Points: 
  • DSV's IMS helps companies eliminate the overhead of managing and sourcing spare parts with a complete service solution, from planning and procurement through transportation and logistics.
  • With the introduction of PaaS, the partnership takes these solutions to new heights by incorporating a proactive means of predicting, ordering, and scheduling parts.
  • This innovative approach empowers businesses to optimize their spare parts management like never before and get the right parts at the right time at the right place.
  • As businesses navigate an ever-changing landscape, the Augury and DSV partnership sets a new standard in strategic inventory management solutions.

Steel Connect Reports First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, December 14, 2023
Supply Chain Management, Retail, Transport, Logistics, Supply chain finance, Senior debt, Umpqua Holdings Corporation, Investment, Electronics, Capital expenditure, Supply, Steel Connect, Supply chain, Income tax, Cryptocurrency, Security (finance), Life insurance

Net revenue for the first quarter decreased $10.0 million, or 19.5%, as compared to the same period in the prior fiscal year.

Key Points: 
  • Net revenue for the first quarter decreased $10.0 million, or 19.5%, as compared to the same period in the prior fiscal year.
  • Gross profit for the first quarter decreased by approximately $2.8 million as compared to the same period in the prior fiscal year, primarily driven by lower sales volume discussed above.
  • Selling, general and administrative ("SG&A") expenses during the first quarter decreased by approximately $1.6 million as compared to the same period in the prior fiscal year.
  • Net income for the first quarter decreased $0.5 million, as compared to the same period in the prior fiscal year.

Taulia Adds Bank of China and BNP Paribas to Its Funder Network

Retrieved on: 
Tuesday, December 5, 2023
Professional Services, Payments, Technology, Finance, Asset Management, Fintech, Banking, Bank of China, Bank, SAP, MultiFunding, BNP Paribas, Partnership, Growth, Supply chain finance, Financial services, Cryptocurrency, Taulia

Taulia, a leading provider of working capital management solutions, today announced it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.

Key Points: 
  • Taulia, a leading provider of working capital management solutions, today announced it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.
  • Combined with the right technology, it also enables businesses to hedge against liquidity risk, particularly during periods of economic uncertainty.
  • Cedric Bru, CEO, Taulia, comments: “Adding Bank of China and BNP Paribas to the Taulia multi-funder network is an enormous achievement, and we are delighted to work with them.
  • By teaming up with Taulia, we are positioning ourselves as leaders in offering modern and efficient solutions that will facilitate corporates and growth in trade.

Availity Welcomes Sean Keneally as Chief Operating Officer

Retrieved on: 
Monday, November 13, 2023
Technology, Health Technology, Health Insurance, Software, Networks, Other Health, Health, General Health, Data Management, Supply chain finance, Senior, Science, Strategic planning, Towson University, Automation, Lucent, Elevance Health, Growth, Agility, AI, Dog, GuideWell, Health information exchange, Management

Availity , the nation’s largest real-time health information network, announced the appointment of Sean Keneally as the company’s new Chief Operating Officer (COO).

Key Points: 
  • Availity , the nation’s largest real-time health information network, announced the appointment of Sean Keneally as the company’s new Chief Operating Officer (COO).
  • "Joining Availity during this pivotal period in healthcare is an honor," said Keneally.
  • "Availity's position in the healthcare ecosystem gives us unique advantages to quickly capitalize on and scale emerging technologies and sophisticated capabilities like AI and automation.
  • Prior to his appointment as COO, Keneally served as Senior Vice President and Chief Operating Officer-Health Solutions at Elevance Health.

Veefin Solutions Ltd., Fintek collaborate to offer scalable technology solutions to lending institutions

Retrieved on: 
Wednesday, October 18, 2023
Policy, Technology transfer, Supply chain, SME, Growth, Partnership, Algorithm, Supply chain finance, SCF

Veefin Solutins Ltd. (Veefin), in collaboration with Fintek, endeavors to support this growth by offering scalable technology solutions to lending institutions.

Key Points: 
  • Veefin Solutins Ltd. (Veefin), in collaboration with Fintek, endeavors to support this growth by offering scalable technology solutions to lending institutions.
  • Additionally, this move will bolster the growth of the economy, as financial institutions can utilize efficient technological solutions to support the financing needs of SMEs.
  • Raja Debnath, Managing Director, Veefin Solutions Ltd. said, "Our partnership with Fintek will help us expand our business in Vietnam.
  • Veefin's cutting-edge lending platform and supply chain finance technology enable financial institutions to provide fast and easy financial solutions.

Veefin Solutions Ltd., Tagit announce strategic partnership to transform corporate banking and supply chain financing

Retrieved on: 
Wednesday, October 4, 2023
Partnership, Automation, Tagite River, Capital, Risk management, Supply chain finance, SME, Cryptocurrency

SINGAPORE, Oct. 4, 2023 /PRNewswire/ -- Veefin Solutions Ltd., a global leader in Supply Chain Finance solutions, and Singapore based Tagit, a leading digital banking solutions provider has announced a strategic partnership.

Key Points: 
  • SINGAPORE, Oct. 4, 2023 /PRNewswire/ -- Veefin Solutions Ltd., a global leader in Supply Chain Finance solutions, and Singapore based Tagit, a leading digital banking solutions provider has announced a strategic partnership.
  • Under the alliance, Tagit and Veefin will combine their industry-leading technologies to develop cutting-edge solutions that cater to the evolving needs of corporate clients and supply chain stakeholders.
  • Raja Debnath, Managing Director, Veefin Solutions Ltd. said, "Our partnership with Tagit will enable us to offer banks with state-of-the-art digital lending solutions.
  • Sandeep Bagaria, CEO, Tagit said, "Tagit is dedicated to delivering a comprehensive range of solutions to empower banks in serving their corporate clientele.

Moody's affirmed Ba3 rating and stable outlook for SeABank

Retrieved on: 
Friday, September 15, 2023
Moody's Investors Service, Strategic Cooperation Agreement, SSB, TCE, Orient Commercial Joint Stock Bank, Payment Guaranteed, Seabank Power Station, Tangible common equity, BCA, Customer, Supply chain finance, Issuer, Supply, B1, Postcodes in the United Kingdom, FMCG, SCF, Security (finance), Bank

Moody's has affirmed SeABank's rating at Ba3 and stable outlook.

Key Points: 
  • Moody's has affirmed SeABank's rating at Ba3 and stable outlook.
  • The affirmation of SeABank's ratings with a stable outlook reflects Moody's expectation that the bank's strong and improving capitalization.
  • According to Moody's, SeABank continues to receive a Ba3 credit rating for both Issuer and Foreign Currency Deposit ratings.
  • Moody's affirmation of SeABank's rating with a stable outlook reflects the organization's expectations of the bank's strong and improving capital.

Moody's affirmed Ba3 rating and stable outlook for SeABank

Retrieved on: 
Friday, September 15, 2023
Moody's Investors Service, Strategic Cooperation Agreement, SSB, TCE, Multimedia, Orient Commercial Joint Stock Bank, Payment Guaranteed, Seabank Power Station, Tangible common equity, BCA, Customer, Supply chain finance, Issuer, Supply, B1, Postcodes in the United Kingdom, FMCG, SCF, Security (finance), Bank

Moody's has affirmed SeABank's rating at Ba3 and stable outlook.

Key Points: 
  • Moody's has affirmed SeABank's rating at Ba3 and stable outlook.
  • The affirmation of SeABank's ratings with a stable outlook reflects Moody's expectation that the bank's strong and improving capitalization.
  • According to Moody's, SeABank continues to receive a Ba3 credit rating for both Issuer and Foreign Currency Deposit ratings.
  • Moody's affirmation of SeABank's rating with a stable outlook reflects the organization's expectations of the bank's strong and improving capital.

Twelve Consulting Group achieves accreditation for Consumer Goods, Manufacturing, and Finance expertise through new Anaplan partner program, PartnerAccelerate

Retrieved on: 
Wednesday, June 28, 2023
Consulting, Data Management, Supply Chain Management, Technology, Professional Services, Marketing, Communications, Retail, Data Analytics, Software, Finance, Flight Consulting Group, Accreditation, Senior, Agility, Global Partners, Sales & Marketing Executives International, CPG, Final good, Fast-moving consumer goods, Supply chain finance, Property management, Sales, Operation, Anaplan

Twelve Consulting Group , an Anaplan Implementation Partner, today announced its participation in Anaplan’s PartnerAccelerate program, a new global program that offers specialized accreditations to partners in their ability to sell, support, and deliver Anaplan to customers.

Key Points: 
  • Twelve Consulting Group , an Anaplan Implementation Partner, today announced its participation in Anaplan’s PartnerAccelerate program, a new global program that offers specialized accreditations to partners in their ability to sell, support, and deliver Anaplan to customers.
  • As part of the new program, Twelve Consulting Group has achieved accreditation as a Solution Advisory and Delivery Partner and has successfully demonstrated its expertise across the following: Consumer Goods, Manufacturing, Supply Chain, Finance, and Sales & Marketing.
  • Twelve is a leading Anaplan implementation partner, specializing in planning and analytics solutions for the Life Sciences and Consumer Packaged Goods (CPG) industries with deep experience in Finance, Sales & Marketing, Operations, and Supply Chain Planning.
  • This approach will drive deeper relationships and faster time-to-value for global customers as they leverage Anaplan to address their daily planning challenges.

Bank ABC's 'ABC Labs' named as one of the World's Best Financial Innovation Labs by Global Finance

Retrieved on: 
Wednesday, June 7, 2023
Cloud, Heart, Fintech, Editing, Central Bank of Bahrain, Digital, CBB, Chicago Innovation Awards, Data analysis, Central bank, Financial system, Global Finance (magazine), Digital transformation, ABC, Supply chain finance, Growth, AI, Bank, Supply, Labs, Cryptocurrency, Blockchain

MANAMA, Bahrain, June 7, 2023 /PRNewswire/ -- Bank ABC has won two distinguished awards at Global Finance's much-coveted The Innovators Awards -2023. The Bank's innovation and digitisation centre, ABC Labs, has been named as one of "the World's Best Financial Innovation Labs", a recognition given to leading financial innovation labs that are driving the digital revolution in the global banking industry. With its ground-breaking initiatives and a forward-thinking, agile innovation approach, ABC Labs was commended for driving transformative change in the region and beyond.

Key Points: 
  • The international banking group was honoured by world's leading tech and finance experts, for its 'Top Innovations in Finance' and as one of 'World's Best Financial Innovation Labs.'
  • The Bank's innovation and digitisation centre, ABC Labs, has been named as one of "the World's Best Financial Innovation Labs", a recognition given to leading financial innovation labs that are driving the digital revolution in the global banking industry.
  • ABC Labs, led by Bank ABC's Group Innovation function, was launched in 2019 and operates from a cutting-edge facility, with state-of-the-art digital tools.
  • ABC Labs excelled across the selection criteria and emerged as a winner of the Financial Services Company Labs category.