Generali investor geared up to offload stake

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2021 has already been a busy year for the Italian insurance giant Generali which has stepped closer to completing its purchase of Societa Cattolica di Assicurazione. Now Reuters has revealed that the Italian publisher Gruppo De Agostini has started the process to sell its 1.44% stake in Generali. However, the publisher will still be in a position to exercise its voting rights at the company’s next shareholders’ meeting.

Reuters reported that De Agostini highlighted its appreciation of the current management of Generali and emphasised its esteem for CEO Philippe Donnet, noting that he “stood out for his strategic

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EU to ban banks’ use of cross-border permissions to access market

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The EU has announced new measures to crack down on a patchwork of national arrangements that allow banks outside the EU to sell services into the bloc, dealing a blow to lenders in London that rely on the arrangements to cushion the impact of Brexit.

EU to ban banks’ use of cross-border permissions to access market

The proposal would stop almost all cross-border selling from non-EU countries into the bloc’s single market.

Banks are keen on cross-border access to the EU because it is cheaper and simpler to do some trade from their main international centres rather than moving capital

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Unionpay signs agreement with Nets to expand acceptance across Nordics

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UnionPay, the card scheme with the world’s largest cardholder base, has announced that it has signed a new market development agreement for the Nordics with Nets.

 Unionpay signs agreement with Nets in Nordics

The agreement will enable contactless acceptance throughout Nets’ Nordic merchant portfolio, adding a significant increase on top of the existing over 100,000 POS terminals in Denmark, Sweden and Norway.

Acceptance will also be extended to more than 6,000 ATMs in Denmark, Sweden, Norway and Finland, resulting in almost full ATM acceptance across the entire Nordic region.

UnionPay and Nets also expect to reach a new

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Seize the digitization opportunity in accounts receivable for performance

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As the World Economic Forum has noted[1], the mid-market enterprises (turnover of between $50-$500 million) that constitute 60% of North America’s GDP urgently need to re-tool for growth in the digital era. This means, among other factors, that they should transform their accounting operations to drive efficiencies and accelerate cash flow by adopting a new, collaborative approach to accounts receivable (AR) .

Seize the digitization opportunity in accounts receivable for optimum performance

Versapay CEO Craig O’Neill argues that North American mid-market enterprises should move beyond automating accounts receivable (AR) processes to viewing digitization as a transformative exercise that creates new

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