Market News
Recent Developments:
New product launches:
- In March 2022, Citibank launched a new Sustainable Finance Solution to help clients align financing needs with sustainable business models. It provides sustainability-linked loans, green bonds, and tracks sustainability metrics.
- In January 2021, JPMorgan Chase introduced a new liquidity management portal providing real-time analytics, forecasting, and investment optimization for corporate clients. It simplifies treasury operations.
- In June 2020, Wells Fargo launched a commercial electronic payments solution enabling automation of accounts payable and receivable processes to optimize working capital.
Acquisition and partnerships:
- In October 2022, Bank of America partnered with HighRadius, a fintech company, to integrate electronic billing solutions for improving automation in receivables.
- In May 2021, BNP Paribas partnered with Cashforce, a Belgian fintech focused on cash flow forecasting and working capital optimization solutions.
- In December 2020, Goldman Sachs acquired Finland-based SaaS provider InfolinkGCR to boost its liquidity management capabilities.