Corporate payment company FLEETCOR announced that it would acquire Roomex, a provider of employee housing in Europe. The company will be able to build its hotel division and go global thanks to this move. 600 people work for Roomex, and they have stayed in hotels for 50,000 nights. Dublin, Ireland is home to the company’s…
In a time when macro-issues rule and inflation rages, efficiency is crucial to maintaining profits. The requirement to function more efficiently is generally understood by chief financial officers (CFOs) and their finance teams. The expectations of those financial specialists are also increasing, particularly as transaction volumes rise and supply chains continue to be shaky. OpenEnvoy…
Boost Payment Solutions, a B2B payment processing company, has partnered with artificial intelligence software developer Robobai to help corporate firms optimize payments and improve disbursement processes across the supply chain. According to a press release, the arrangement would provide clients of Robobai Boost’s straight-through B2B payments processing solution, which uses artificial intelligence (AI) to assist…
In order to assist businesses in automating invoicing and streamlining payments, the AI-based end-to-end solution Clear Capture has reportedly been introduced by the Indian fintech startup Clear. Teams in charge of payments will be free to concentrate on simplifying fraud detection and automating the submission of purchase invoices. Thanks to Clear Capture, an enterprise AP…
Announcing the acquisition of invoice automation provider IPS, digital payments platform Edenred said that this would provide clients of its corporate payment subsidiary, Edenred CSI, with access to a complete integrated solution for managing the full accounts payable (AP) process. According to a press statement from Edenred, with the purchase of IPS, with which it…
Supply networks were crippled only two years ago, despite the fact that it can feel like a long time ago. And the outcome of that deadlock literally depended on it. Pharmaceutical firms rushed to develop vaccines, produce them, and make sure that essential drugs (and in certain cases, medical supplies, etc.) got to the healthcare…
After being one of the first countries in the MENA area to establish a FinTech regulatory sandbox, Bahrain, a Gulf state, has pushed for the implementation of a similar strategy for the telecoms sector. The Telecommunications Regulatory Authority (TRA) of Bahrain has developed a new telecom innovation license that would grant holders speedier access to…
Working with a new product team at Stripe is a vice president of Meta’s virtual reality (VR) social network Horizon Worlds. According to his LinkedIn article, Vivek Sharma joined Stripe this week as its new head of revenue and financial management. He is working with a new team to create technologies that will aid companies…
Priority Technology Holdings, a provider of payments technology, claims that as part of a partnership for omnichannel solutions, its MX Merchant network has been connected with Valor PayTech. John Grebe, vice president of product strategy at Priority, said in a news release on Thursday that working with Valor had been “refreshing”. They don’t simply concentrate…
The European Banking Authority (EBA) has published its work plan until 2023, laying out how the EU banking sector anticipates adapting to new regulations, pursuing its digitization agenda, and increasing collaboration in areas like payments and financial crime-fighting. The document is organized around the six strategic pillars of the EBA’s 2023–2025 strategic goals, which include…
