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Member News: Standard Chartered partners with SAP Ariba to offer one-stop supply chain solutions

Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank’s financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network, the world’s largest digital business network connecting more than 4.2 million companies in 190 countries.

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Member News: Standard Chartered partners with SAP Ariba to offer one-stop supply chain solutions
Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank’s financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network, the world’s largest digital business network connecting more than 4.2 million companies in 190 countries. News via Finextra
Member News: Xero partnered with Revolut to integrate data of their joint customers
Revolut has also announced a partnership with small business cloud accounting company Xero, enabling joint customers to integrate expense data between the two platforms for seamless reconciliation in the UK. News via Pymnts .
Picture via Venture Burn
An increasing number of fintech startups are looking to fund small businesses in South Africa using online platforms and apps to service the massive demand for such finance. Know five of them in this article. News via Venture Burn .
Image Credit: Lord Koxinga [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-
Financial services giant Standard Chartered has successfully completed its first blockchain-based deep-tier supply chain financing transaction with China-based supply finance firm Linklogis . The financing was intended for upstream suppliers of Digital Guangdong, according to a press release . News via TokenPost.
Member News: Raiffeisen invests in Regtech for SMEs
Raiffeisen Bank International has joined a funding round in business verification and KYC RegTech kompany. RBI is investing in kompany via its corporate venture capital unit Elevator Ventures. Kompany was one of the first participants in Elevator Lab;s fintech partnership programme. The programme helps scale-ups collaborate with leading bank...
Member News:  Mastercard will buy Nets for US$3.9 billion
With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing platform that offers clearing and instant payment services, according to a statement on August 6. Mastercard also confirmed that the purchase will take a bite out of its profits for up to two years after the deal closes, which is expected to...
Member News: Line and Rakuten Are Among The First to Receive Taiwan’s Virtual Banking Licenses
Taiwan’s Financial Supervisory Commission is said to have issued it virtual banking licences to three consortiums, according to a report by Reuters. The licenses were granted to Line Financial Taiwan, Next Commercial Banking (led by local telco Chunghwa Telecom) and Rakuten International Commercial Bank.
visa-open-sme-banking-startups-india via pymnts
FinTech startup Open is partnering with global payments tech leader Visa to offer better banking options for SMEs in India. The collaboration gives Open the power to co-create new products with Visa, like real-time payments and business credit cards for startups, the companies announced in a press release.
Credit: Korea Times
Kakao and Naver have begun competing in the financial services sector as Naver plans to set up a new company, to evolve into a comprehensive financial company beyond offering simple payment and remittance services.
Payoneer has partnered with PayTabs, a payment processing company, to offer customers, selling through their own websites, a payment gateway to seamlessly help receiving funds into Indian accounts.