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WSFS taps blockchain firm Intain to automate capital markets transactions

Bank Innovation

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. The Wilmington, Del.-based

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GCB raises $93M to build digital tools for customers

Bank Innovation

Houston-based Gulf Capital Bank recently completed a capital raise of $93 million. With the funding, the bank plans to invest in its digital capabilities, providing services that include mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans.

Houston 273
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Treasurers’ Appetite For Mobile Tools Grows, Finds Capital One

PYMNTS

The latest survey by Capital One suggests treasurers still have an appetite for new tools and technologies. Capital One’s Treasury Management Services published its latest survey at the Association of Financial Professionals’ annual conference, held last month.

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Coast Capital On Weathering The Pandemic And Planning For The Future

PYMNTS

Social distancing and stay-at-home mandates threw normal business operations into disarray and forced CUs to adapt on the fly to meet consumers’ newfound digital preferences and give staff the tools needed for remote operations. We had secure measures in which individuals connected to all the systems that they needed to work with.”.

Capital 190
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HSBC Taps Tokenization For Accounts Receivable Tool

PYMNTS

The bank is integrating Identitii tokenization technology to launch HSBC DART, a secure digital information exchange offered under its Global Liquidity and Cash Management (GLCM) business. “HSBC’s DART is an industry first,” said Identitii CEO Nick Armstrong in a statement.

Tools 139
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Corporate Card Innovators Look Beyond Business Trip Spend

PYMNTS

With corporate travel still on pause, commercial card innovation has taken a different direction. In a recent announcement , the Singapore company revealed its BizPay solution, an online platform enabling businesses to use their existing commercial cards and converting their credit limit into working capital to pay suppliers.

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SaaS Enjoys Venture Capital Boom

PYMNTS

This week Oxx, which tends to focus on B2B software startups, led the $12 million funding round for the company, which also saw participation from Industrifonden, SEB Venture Capital and KTH Chalmers Capital, according to reports. Apica said it will use the funds to expand across the U.S. The company raised $2.5 SMB Lending.

Capital 162