Cash pooling refers to the needs-based distribution of liquid funds within a group. Surplus cash of solvent group companies is bundled into a central "pool" (an operating company) and then dis-tributed to the group companies in need of liquidity. Learn more in this article written by Christopher Schrank & Aaaron Kleinbord.
UniCredit Bank Austria and Brandl & Talos launch the digital legal advisor tool for contracts with the public sector
Together, Brandl & Talos and UniCredit Bank Austria have created the first digital legal advisor program in Austria. The tool will help UniCredit Bank Austria streamline the financing requests of municipalities. Legal certainty is always just a few clicks away.
The Account Information and Payment Initiation services make the payment services market more versatile, and certainly set some interesting data-protection questions. Account Information Services provide consolidated information on payment accounts, e.g. via multibanking apps. Whereas Payment Initiation Services, such as the Swedish provider Klarna, trigger online payment transactions. Written by Florian Braunauer & Katharina Anna Riedlinger.