Awnx Rapyd Teams With OCBC Bank For RTP; DBS Debuts Mobile Service For SMBs

Unlike in the U.S., the legal cannabis market in Canada is not what some describe as a duffel bag economy 鈥?an ecosystem forced to rely on physical cash to operate, from consumer transactions to payroll to B2B payments.Yet that doesnt mean Canadas marijuana industry isnt without its financial challenges. Considered a high-risk sector, cannabis remains a difficult space to service for the countrys top financial institutions FIs . And, despite the heavy involvement of the government in the market, including the prominence of government-owned and -run d stanley cup nz ispensaries and other industry-related businesses, there are points along the supply chain in which delayed B2B payments create cash flow bottlenecks.According to CapitalNow Cannabis President Joshua Reynolds and Chief Operating Officer Natalie Wawzonek, these factors combine to create a prime opportunity for invoice factoring solutions designed specifically for the marijuana segment. In a conversation with PYMNTS, they described how invoice financing can smooth out capital lumps for high-growth businesses in a quickly evolving industry.Stretching Out Payment TermsLike many industries and supply chains around the world, the issue of B2B payment terms is one of conflicting interests. Suppliers press to get paid as quickly as possible, stanley thermos yet buyers seek to delay payment, both in an effort to strengthen working capital positions.Whats unique to Canada is that the governments ownership of some ma stanley mugs rijuana companies typically results in Bsbf Novo Rolls Out Invoicing, Budgeting With SMB Banking Offering

Federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning November 29 , searching for evidence about money laundering and offshore tax havens, according to a report by The Wall Street Journal.About 170 federal German prosecutors and police officers confiscated documents during the searches, and police vehicles lined the outside of the banks headquarters in central stanley cup Frankfurt.The crux of the investigation revolves around two unknown bank individuals 鈥?ages 46 and 50 鈥?as well as others who are under suspicion for helping customers create tax havens out of the country.The searches could very well continue into Friday, authorities said.Deutsche Bank, which said it was cooperating with authorities, released two separate statements on Thursday. The first one was released after the searches began, and it said stanley quencher , The investigation has to do with the Panama Papers case. More details will be communicated as soon as these become known. The second statement came in around the middle of the day: As far as we are concerned, we have already provided the authorities with all the relevant information regarding Panama Pap stanley us ers, it said. It added that the bank will cooperate closely in this latest probe as it is in our interest as well to clarify the facts. The Panama Papers, leaked documents from a Panamanian law firm discovered by journalists, reveal how offshore companies, either in the United States or elsewhere, are created to protect money from the Internal