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At SCHUMANN Connect, Schumann’s London conference last week, it was said that underwriting in trade credit insurance is undergoing a transformation and that the demands for digitalisation from the market were urgent for the competitiveness of insurance companies.
21/11/2023
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The European Bank for Reconstruction and Development (EBRD) announced that it is set to channel €100m in credit lines to six partner financial institutions (PFIs) for lending to youth-led micro, small, and medium-sized enterprises (MSMEs) over a five-year period.
21/11/2023
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Securitisation as a financial tool for African economies was given a fillip last week at the African Financial Industry Summit (AFIS) in Lomé. Togo’s Minister of Finance, Sani Yaya, speaking at the event said that securitisation “is indispensable, for the development of businesses, financial institutions and government projects,” according to Togo First.
21/11/2023
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UK lender Skipton Business Finance has chosen Dancerace ABL software to power its invoice finance services.
21/11/2023
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ICC UK is delighted to announce that the submissions for the C4DTI Awards 2024 are now open!
20/11/2023
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The third quarter of 2023 brought the expected but long-unseen decline in turnover to the factoring industry, as reported by the Polish Factors Association (PFZ).
20/11/2023
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FundOnion has today officially launched its AI-backed business finance comparison site for small business loans.
20/11/2023
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MonetaGo, a provider of global trade finance fraud prevention solutions, is adding Robyn Dittrich, David Rutter and Arnau Porto as board members. Arnau Porto is appointed executive chairman.
20/11/2023
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Peter Evola has been appointed Commercial Director for Allianz Trade in the UK & Ireland, effective December 1, 2023, and subject to regulatory process.
20/11/2023
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BNP Paribas announces the granting of three Inclusive & Sustainability-Linked Financing, which include environmental, social and just transition objectives, to microfinance institutions in Europe and Brazil:
20/11/2023
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The Saudi Export-Import Bank (EXIM Bank) has entered into an agreement with Obeikan AGC Glass Company for an export credit insurance policy.
20/11/2023
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Standard Chartered Bank Pakistan Ltd and the International Finance Corporation (IFC) have launched a groundbreaking $200m rupee-equivalent trade finance initiative aimed at boosting Pakistan's economy. The partnership, which formalised an unfunded risk-participation agreement on Monday, is designed to enhance foreign exchange inflows through support to export-oriented sectors.
17/11/2023
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Over eight in ten SME finance experts (83%) believe that high street banks are reducing their appetite to fund the UK’s 5.5m small and medium-sized businesses, according to iwoca’s latest Q3 2023 SME Expert Index.
17/11/2023
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Ecobank, the leading pan-African banking group, and the African Guarantee Fund (AGF), a specialised pan-African guarantee provider, have joined forces in a groundbreaking US $200m risk-sharing agreement, aimed at catalysing economic growth and supporting entrepreneurial ventures – including women-owned SMEs on the continent.
17/11/2023
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Asialink Finance Corp., a financing firm focused on micro, small and medium enterprises (MSMEs), has tied up with credit risk management firm CIBI Information Inc. for access to information related to the creditworthiness of its target clients.
17/11/2023
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