Mastercard characterisation of Track "rather broad in scope" - Tradeshift CEO
In its announcementof Tr...
Tradeshift's CEO, Christian Lanng, has said that Mastercard's description of its new Track project is "rather broad in scope".
In its announcement of Track, Mastercard described it as a "unique B2B platform", adding that it is partnering with nine B2B networks and procure-to-pay solution providers, including Tradeshift.
But Lanng has moved to clarify the specifics of the initiative.
"In its press release, Mastercard’s characterisation of Track was rather broad in scope," said Lanng, CEO of Tradeshift, in a statement emailed to Supply Chain Digital.
"While we are excited to work with Mastercard, it’s important to note that Track is a compliance and risk business directory for trading partners, and does not provide the rich B2B platform capabilities supported by our Tradeshift commerce network.
"On-boarding new customers is one of the biggest costs for financial institutions. With Mastercard’s Track Trade Directory solution, we will be able to help our financial services partners to understand who these new customers are in order to better address challenges such as fraud and money laundering.
"We look forward to continuing expanding our commercial card relationship with Mastercard and evaluating some of the payment gateway capabilities they are driving."
Earlier in the day, Lanng tweeted: "To make it clear to anyone who follows me or @tradeshift this is not a B2B platform, but a KYC (Know Your Customer) check, we will implement like any app on Tradeshift, I believe the wording of the press release is misleading and something we will evaluate in our future collaboration with @mastercard"
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.