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Lloyds Bank and Taulia have launched Visa-enabled virtual cards integrated into SAP Business Suite applications, enhancing procurement teams' control over supplier payments and improving cash flow. This collaboration aims to streamline financial management and strengthen supplier relationships, driving smarter growth in a dynamic economy. Danielle Weinblatt, Chief Product Officer at Taulia, highlights the transformative impact of embedding virtual cards within enterprise systems for better liquidity and cash flow intelligence.
Taulia and Lloyds have partnered to launch Visa-enabled Virtual Cards, enhancing B2B payment processes for UK businesses through SAP Business Suite. This collaboration allows companies to issue virtual cards to suppliers, improving cash flow management and supplier relationships while reducing fraud risk. The integration of virtual cards into enterprise systems aims to streamline payments and optimize working capital, driving growth in a dynamic economy.
Apple enhances AirPods Max with lossless audio and AI leadership changes, while Tesla faces regulatory hurdles in China and legal issues in the US. Ford is under investigation for gear shifts in F-150 trucks, and Bank of America appoints a new head for India. In Europe, SAP surpasses Novo Nordisk in market value, and Bayer's stock drops after a significant jury verdict. BYD reports a substantial profit increase, and Toyota delays its battery factory project while starting a recycling facility.
Nvidia's CEO Jensen Huang is set to unveil advanced AI and quantum computing chips at the company's annual developers conference in San Jose, dismissing concerns over China's DeepSeek potentially disrupting the market. Expectations are high for the introduction of the latest Blackwell line of graphics processing units (GPUs) and updates in development, fueled by the ongoing AI boom that has significantly boosted Nvidia's stock.
UBS CEO Sergio Ermotti earned 14.9 million Swiss francs in 2024, including a fixed salary of 2.8 million and bonuses of 12.1 million. His remuneration, a 4% increase from the previous year, has sparked criticism and debate over high bonuses in Switzerland, especially as it remains lower than some German CEOs. A parliamentary proposal to cap bankers' salaries at 3 to 5 million Swiss francs could significantly impact UBS if approved.
Morgan Stanley has downgraded Kingdee International Software from Overweight to Equal-weight, raising the price target to HK$13.50 from HK$10.00. This change reflects concerns over the company's reliance on medium-sized enterprises, which are vulnerable to macroeconomic shifts and technology cycles. Analysts noted that Kingdee's valuation metrics are less attractive compared to global peers like Salesforce and SAP, with weaker growth prospects and lower profitability, suggesting potential investors may want to wait for a better entry point.
EFG International has announced significant changes to its Board of Directors, appointing Yvonne Bettkober as an independent member to replace Prasanna Gopalakrishnan, and Luisa Delgado to succeed Amy Yip as head of the Regional Advisory Board Asia. Bettkober brings expertise in digital transformation, while Delgado, with 30 years of experience in luxury, IT, and banking, aims to enhance governance and drive international growth and digital innovation for the company.
EFG International is set to renew its board of directors ahead of the Annual General Meeting, proposing Yvonne Bettkober and Luisa Delgado as independent members. Bettkober will replace Prasanna Gopalakrishnan, while Delgado takes over from Amy Yip, who has significantly contributed to the company's growth in Asia.
EFG International has nominated four new members to its Board of Directors ahead of the Annual General Meeting on March 21, 2025. Yvonne Bettkober, Luisa Delgado, Wanda Eriksen, and Konstantinos Tsiveriotis bring extensive expertise in digital transformation, luxury markets, finance, and global markets, respectively. Their appointments aim to enhance the bank's sustainable and profitable growth.
The DAX, Germany's leading share index, tracks the performance of the 40 largest listed companies, reflecting the nation's economic health. Introduced in 1988, it was expanded from 30 to 40 companies in 2021 and is calculated daily based on market capitalization and stock turnover. The index serves as a vital benchmark for investors, encompassing various sectors and offering both price and performance metrics.
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Lloyds and Taulia launch virtual cards to enhance supplier payment processes
14:25 27.03.2025
taulia and lloyds introduce visa-enabled virtual cards for seamless b2b payments
10:15 27.03.2025
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