Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via these platforms are expected to quadruple from $1 trillion to $4 trillion between 2020 and...
Societe Generale has teamed with payments firm Lemonway to help European companies launch B2B marketplaces. “Large corporates are accelerating their digital transformation, which has become vital for their clients and ensuring B2B revenue growth,” the European banking giant said in a news release Tuesday (April 11). “In this context, launching...
A group of banks have agreed to settle a lawsuit tied to a $7 billion Ponzi scheme. Among these is TD Bank, which announced in a Monday (Feb. 27) news release that it will pay $1.2 billion to settle the suit, which accused it and...
Europe’s retail banking sector is battling weak consumer sentiment and the threat of loan defaults. To curb losses and adapt to a difficult consumer credit environment, some European banks have opted to restructure. Most recently, BNP Paribas is reported to be considering different options for...
May 11, 2023
One of the common views about Europe is how highly fragmented the regional market — 44 countries, multiple languages, and a myriad of payment methods — is. And it’s no news that that fragmentation, according to Alexandre Maymat, head of global transaction and payment services at Société Générale, has meant higher fees and slower cross-border transaction speeds […]
May 03, 2023
Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via...
January 10, 2023
Europe’s retail banking sector is battling weak consumer sentiment and the threat of loan defaults. To curb losses and adapt to a difficult consumer credit environment, some European banks have...
April 11, 2023
Societe Generale has teamed with payments firm Lemonway to help European companies launch B2B marketplaces. “Large corporates are accelerating their digital transformation, which has become vital for their clients and ensuring B2B revenue growth,” the European banking giant said in a news release Tuesday (April 11). “In this context, launching a B2B marketplace improves the payment experience, supports internationalization, creates […]
February 27, 2023
A group of banks have agreed to settle a lawsuit tied to a $7 billion Ponzi scheme. Among these is TD Bank, which announced in a Monday (Feb. 27) news...
October 03, 2022
French multinational financial services company Société Générale announced Monday (Oct. 3) that it is to acquire a majority stake in PayXpert. The final acquisition remains subject to the approval of...
February 24, 2022
French bank Societe Generale says its Russian unit Rosbank was operating normally Thursday (Feb. 24) amid Russia’s invasion of the Ukraine, and that it was adhering to “all applicable regulations.”...
