Syncada’s recent partnership with Citi global transaction services GTS is another significant step for the financial supply chain player from Minneapolis. Set up as a joint venture between US Bank and Visa in 2009, Syncada has already registered $20 billion of throughput on its platform, and makes payments in more than 45 countries using more than 15 currencies.
The new partnership, which marks the fourth bank to join the network, will enable Citi GTS clients to more efficiently manage accounts payable and access a number of financing programmes. Syncada’s business-to-business model is simple enough, according to Kurt Schneiber, Syncada chief executive, but is one of the few financial supply chain...
¬ Haymarket Media Limited. All rights reserved.
