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The tie-up is the newest of many strategic FinTech partnerships Barclays has announced in recent times, with MarketFinance providing invoicing financing products and Nimbla providing invoice insurance. “[SMBs] are the lifeblood of the U.K. Wells Fargo & Envestnet.
Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreignexchange solutions, with its eye fixed on exporters. million to eight local FinTech startups, including Nisa Finance , an invoice financing platform. The company — which has offices in Hong Kong, Japan, Canada, the U.S.
. “It used to be something that was for much larger corporations, but now the middle market is trading in foreign currencies much easier and more quickly.” ” This transformation won’t occur overnight, however – particularly when it comes to middle-market financial services.
Mac acknowledged a “learning curve” when entering into such an ecosystem of differing rules, language barriers and foreignexchange demands — the latter of which can also significantly complicate the expense management process. Every country has its own regulations, and the EU has its own complex regulations.”.
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