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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. As such, operating accounts have low-interest rate sensitivity.

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ServiceMax Acquired This Operation Management Company To Expand Its Field Service Management Portfolio

CB Insights

ServiceMax , an asset-focused field service management software, has acquired LiquidFrameworks , an operation management solution, at a valuation of $145M. LiquidFrameworks: Texas-based LiquidFrameworks is a mobile field operations management solutions provider for the energy, industrial, and environmental services industries.

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California Truckers Continue Legal Fight Against Gig Worker Law

PYMNTS

Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. New legislation in California, set to take effect in January, was met with resistance from the California Trucking Association (CTA), Yahoo!

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eBay To Expand Payments Management In Europe

PYMNTS

It soon will be time for eBay 's payments management system to learn to say "merci," "grazie" and "gracias.". The San Jose, California-based online retail giant said in a news release on Wednesday (Sept. 9) that in the first quarter of 2021, it will begin offering payments management in France, Italy and Spain.

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Uber Readies Q3 Earnings As California Voters Give The Firm A Big Boost

PYMNTS

5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Shares of Uber and other gig economy companies were rallying a day after California voters backed Prop 22. London Reprieve.

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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Emmett previously was the top executive of HSBC Bank plc and Europe, where he was responsible for HSBC's UK Wholesale Bank and operations across Continental Europe, Sub-Saharan Africa and Bermuda.

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Ontra, A Contract Management And Automation Services Provider, Raises $200M To Expand Operations

CB Insights

California-based Ontra, formerly known as InCloudCounsel, brings corporate attorneys together with its software platform to streamline legal proceedings and reduce costs as well. The post Ontra, A Contract Management And Automation Services Provider, Raises $200M To Expand Operations appeared first on CB Insights Research.