Financial Supply Chain

In the world of international trade, the process of exchanging payments, information and documents between buyers, sellers, banks, and other involved parties is becoming increasingly important for financial institutions. This community aims at presenting views and innovative ideas related to this financial supply chain space.

Nick Green Director at Purple Patch Broking Ltd

How fintechs are negotiating RPI-linked reductions in bureau data contracts

While the consumer price index measure of inflation hit 9.9% in the year to August 2022, marking a small fall, following a 40-year-high of 10.1% in July – it is still well above the Bank of England’s 2% target. The squeeze on business operating costs is also reflected in the latest retail prices index (RPI), as it hit 12.3%. Fintechs are absorbing...

18 October 2022 /payments /retail

Nick Green Director at Purple Patch Broking Ltd

How collaborative procurement creates cost savings for credit providers

Credit and procurement teams are now facing a huge number of pressures when it comes to delivering the best customer service while cutting costs internally at the same time. The rising costs of utilities and fuel combined with low interest rates and unsustainable cost-income ratios means that organisations need to look to cut costs without comprom...

21 July 2022 /regulation /retail

Nick Green Director at Purple Patch Broking Ltd

Fintechs: Here’s how to compare bureau data pricing for credit risk product

The credit data landscape is more competitive than ever with fintechs leveraging innovations like Open Banking. Plus, new unsecured lending options like BNPL are even overtaking credit card use. But with credit bureaux charging organisations different prices for the same data, there’s a much greater need for fintechs to understand how their contra...

21 June 2022 /regulation /retail

Nick Green Director at Purple Patch Broking Ltd

Credit Data Negotiations: How Fintech’s get the best prices mid-contract and at renewal

Recent changes to consumer borrowing behaviour, risk adversity and economic uncertainty have caused a major shift in the credit risk industry. And quite frankly, a much needed change! Credit Bureau contracts have simply become outdated and calls for change mean that data contracts must change to allow the procurement and credit risk teams within f...

17 May 2022 /regulation /retail

Nick Green Director at Purple Patch Broking Ltd

The beginner's guide to data benchmarking

Access to high quality data is a must within the credit industry. Not only does it ensure scorecard improvement for credit firms, it also enables fair and transparent credit decisions for consumers too. However, there is currently a lack of objective, evidence-based insight into the data provided by each Bureau, how they measure up against each ot...

17 March 2022 /regulation /retail

Nick Green Director at Purple Patch Broking Ltd

How procurement can drive innovation and efficiencies in financial services

How procurement can drive innovation and efficiencies in financial services The financial services sector is going through extraordinary levels of transformation. These external pressures are forcing financial institutions to focus hard on their credit data suppliers, seeking to marry innovation with quality and cost savings. Procurement can have a...

22 February 2022 /payments /retail

Nick Green Director at Purple Patch Broking Ltd

How financial services procurement can gain better leverage with credit data providers

How financial services procurement can gain better leverage with credit data providers Over the last few years, financial services businesses have grown to rely on procurement to support and strengthen supplier relationships. That’s especially true during the pandemic. According to one study, 52% of enterprises viewed procurement’s impact during t...

15 February 2022 /regulation /retail

Farah Miller CEO at Helixtap Technologies

Rubber industry grapples with aftershock of China’s crackdown

The crackdown on power consumption coupled with the crisis of Evergrande Group looms large over the demand for natural rubber in China as the industrial manufacturing sector of the country faces a setback. With the ongoing Evergrande crisis and Beijing’s unprecedented curbs on the property sector, the power supply crisis has affected Jiangsu, Zheji...

01 November 2021 /markets /predictions

Farah Miller CEO at Helixtap Technologies

Commodity Pricing: the Need for Transparent Pricing to Benefit Supply Chains and Address ESG Risks

Change Opaque Markets – focus on agri-commodities The lack of transparency is an infamous issue in the commodities market because it creates an inherent inability to accurately price risk. This issue is particularly pervasive in the agricultural commodities sector, such as natural rubber where supply chains start with remote smallholders numberin...

15 July 2021 /sustainable /inclusion

Richard Blore Chief Executive Officer, KY3P, IHS Markit at IHS Markit

ESG is becoming a critical component in Supply Chain. Are you ready?

Social and Governance in the supply chain The focus on non-financial, Environmental, Social and Governance (ESG) data and metrics continues to increase across all industries and regions. Both public and private companies are under increasing pressure from investors, civil society and governments to make ambitious public commitments covering all as...

11 June 2021 /regulation /sustainable