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Oracle is offering a new supply chain finance feature to help banks access more flexible financing options and working capital, a press release says.The feature will digitize the supply chain finance process and allow banks the ability to deliver quick alternative financing options and provide fast approvals, with multi-channel port access giving more visibility into transactions.And with machine learning, the feature will boost automation in the field and take away time usually spent in the past on manual processes, the release says.In addition, the feature will automatically detect unmatched payments to reconcile them, which will reduce disruption, and will let banks set exact limits for types of transactions via automated workflows.The feature will aid corpora <a href=https://www.stanley-germany.de>stanley thermoskanne</a> tes in performing multiple transactions like supplier onboarding, bulk uploads and real-time monitoring, <a href=https://www.stanleycups.pl>stanley termos</a> and it will be able to be easily integrated with third party apps.Sonny Singh, executive vice <a href=https://www.stanleycups.co.nz>stanley mug</a> president and general manager for Oracle Financial Services, said the company wanted to work to enhance the supply chain financing process with new modern solutions. Supply chain financing is surpassing traditional trade financing; we saw an opportunity to bring to market a modern solution that can supercharge supply chain financing by leveraging tech innovation, he said, according to the release. With Oracle Banking Supply Chains fully digitized processing and real-time analytics, banks can help corporates further optim Zaeh What Happens When 51% of Retailers Say They Aren t Data Ready
SWIFT global payments network has agreed to help Bangladesh Bank聽 rebuild its聽infrastructure after hackers stole $81 million in 2016.The funds were stolen when cybercriminals hacked into Bangladeshs systems and sent fake orders via SWIFT to the NY Fed. While $1 billion was requested, $81 million was eventually sent to accounts at Manila-based聽Rizal Commercial Banking Corporation聽 RCBC , and then mostly di <a href=https://www.stanley-cup.us>stanley website</a> sappeared into Philippine casinos. So far, only聽about $15 million has been recovered.Last week, the NY Fed agreed to formally assist聽Bangladesh Bank聽in a lawsuit against RCBC to recover the stolen funds.SWIFT did not say if it would assist with the lawsuit, and Bang <a href=https://www.stanleycup.com.de>stanley cup</a> ladesh Banks lawyer, Ajmalul Hossain, declined to comment on any role the network might play in the legal case. SWIFT, the New York Fed and Bangladesh Bank have worked together since the cyber fr <a href=https://www.stanley-cup.us>stanley usa</a> aud event occurred 8230; to recover the entire proceeds of the crime and to bring the perpetrators to justice in cooperation with law enforcement from other jurisdictions, SWIFT said in a statement to Reuters.The company added that it would continue to support efforts to protect the global financial system from future attacks.For its part,聽RCBC says the lawsuit is beyond the U.S. jurisdiction, as well as completely baseless and nothing more than a thinly veiled PR campaign to shift blame from itself.The court filing, submitted last week in聽the U.S. District Court in Manhattan, accuses RCBC of being involved in a mas
Oracle is offering a new supply chain finance feature to help banks access more flexible financing options and working capital, a press release says.The feature will digitize the supply chain finance process and allow banks the ability to deliver quick alternative financing options and provide fast approvals, with multi-channel port access giving more visibility into transactions.And with machine learning, the feature will boost automation in the field and take away time usually spent in the past on manual processes, the release says.In addition, the feature will automatically detect unmatched payments to reconcile them, which will reduce disruption, and will let banks set exact limits for types of transactions via automated workflows.The feature will aid corpora <a href=https://www.stanley-germany.de>stanley thermoskanne</a> tes in performing multiple transactions like supplier onboarding, bulk uploads and real-time monitoring, <a href=https://www.stanleycups.pl>stanley termos</a> and it will be able to be easily integrated with third party apps.Sonny Singh, executive vice <a href=https://www.stanleycups.co.nz>stanley mug</a> president and general manager for Oracle Financial Services, said the company wanted to work to enhance the supply chain financing process with new modern solutions. Supply chain financing is surpassing traditional trade financing; we saw an opportunity to bring to market a modern solution that can supercharge supply chain financing by leveraging tech innovation, he said, according to the release. With Oracle Banking Supply Chains fully digitized processing and real-time analytics, banks can help corporates further optim Zaeh What Happens When 51% of Retailers Say They Aren t Data Ready
SWIFT global payments network has agreed to help Bangladesh Bank聽 rebuild its聽infrastructure after hackers stole $81 million in 2016.The funds were stolen when cybercriminals hacked into Bangladeshs systems and sent fake orders via SWIFT to the NY Fed. While $1 billion was requested, $81 million was eventually sent to accounts at Manila-based聽Rizal Commercial Banking Corporation聽 RCBC , and then mostly di <a href=https://www.stanley-cup.us>stanley website</a> sappeared into Philippine casinos. So far, only聽about $15 million has been recovered.Last week, the NY Fed agreed to formally assist聽Bangladesh Bank聽in a lawsuit against RCBC to recover the stolen funds.SWIFT did not say if it would assist with the lawsuit, and Bang <a href=https://www.stanleycup.com.de>stanley cup</a> ladesh Banks lawyer, Ajmalul Hossain, declined to comment on any role the network might play in the legal case. SWIFT, the New York Fed and Bangladesh Bank have worked together since the cyber fr <a href=https://www.stanley-cup.us>stanley usa</a> aud event occurred 8230; to recover the entire proceeds of the crime and to bring the perpetrators to justice in cooperation with law enforcement from other jurisdictions, SWIFT said in a statement to Reuters.The company added that it would continue to support efforts to protect the global financial system from future attacks.For its part,聽RCBC says the lawsuit is beyond the U.S. jurisdiction, as well as completely baseless and nothing more than a thinly veiled PR campaign to shift blame from itself.The court filing, submitted last week in聽the U.S. District Court in Manhattan, accuses RCBC of being involved in a mas
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