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In the run up to the AI4RF seminar on 29 November at Clifford Chance, London, Michael Bickers meets with Karel Krejčí, VP Sales Europe, Calculum, to discuss the difference AI can make to the traditional tools of fraud detection; is there a downside of using the AI for receivables finance; and the importance of education in the sector.
17/11/2023
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Comarch has announced BNP Paribas Faktoring will be running its new Front Office 2.0 system.
17/11/2023
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Last month, at the 55th FCI annual meeting in Marrakesh was the launch of three major initiatives that have taken years to achieve and together could create a catalyst of significant change for the factoring industry globally. Factoring Model Law (FML)
16/11/2023
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Modifi has launched a global B2B Buy Now Pay Later (BNPL) functionality in partnership with PingPong, one of the largest payment platforms in Asia.
16/11/2023
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The year 2022 marks the end of the Covid-19 factoring era for the Canadian market, said Loren Shifrin, CEO, REV Capital, Canada in his article included in the m
16/11/2023
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International Credit Insurance & Surety Association (ICISA) Explores the Impact of Trade Credit Insurance on World Trade.Trade credit insurance (TCI) plays a crucial role in managing risks for businesses. The risk of non-payment of invoices stands as one of the most significant challenges, affecting the survival of businesses. Understanding the scale of protection provided by trade credit insurance sheds light on the challenges faced by businesses and offers potential solutions.What is Trade Credit Insurance?
16/11/2023
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Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the closing of a $130 million senior revolving credit facility to Access Capital, Inc. a commercial lender to the staffing industry. The three year facility includes a $30 million accordion feature to upsize as the Company grows. Valley is the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner for the deal. Valley Specialty Finance offers a variety of products and services including working capital lines of credit, in-house trade finance, cash management, and syndications.
16/11/2023
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The Monetary Authority of Singapore (MAS) today announced the successful conclusion of phase one of Project MindForge [1] which seeks to develop a risk framework for the use of Generative Artificial Intelligence (GenAI) for the financial sector. A whitepaper detailing the risk framework will be published in January 2024. The executive summary of this whitepaper was released today.
15/11/2023
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Credix, a leading platform that provides financing to small businesses and consumer loan portfolios in Latin America, today announced that it has closed a US$60m credit facility. This facility was secured through a partnership with a US-alternative investment manager focused on asset-based lending opportunities, managing a substantial US$3bn portfolio.
15/11/2023
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Ebury, the global financial technology company, reported that transactions increased around a third (32 per cent) to £25.5bn in the year to 30 April 2023.The company, which provides cross-border payment services and FX risk management to nearly 20,000 businesses and other institutions, saw revenue increase 85 per cent to £204m in its latest results.
15/11/2023
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This October ITFA held its 49th Annual International Trade and Forfaiting Conference in Abu Dhabi, Michael Bickers, BCR Publishing, examines some of the SCF key findings.
14/11/2023
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Yodaplus DocuTrade in a collaborative endeavour with its ecosystem partner XDC Trade Network, has successfully executed a pioneering transaction by converting traditional paper Bills of Lading (BL) to electronic BL (eBL). This groundbreaking transaction demonstrates DocuTrade's prowess in digitising trade documents, thereby also facilitating capital provisioning against the fractionalised eBL for a shipment duration of 7 days.
14/11/2023
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SME Corporation Malaysia (SME Corp.), an agency under the Ministry of Entrepreneur and Cooperatives Development (MECD) and Funding Societies, a unified SME digital finance platform in Malaysia and Southeast Asia, have allocated an initial fund of RM6m (US$1.27m) youth entrepreneurs under the newly launched programme, Bumiputera MSMEs Financing Initiative (BMFI).
14/11/2023
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The signing of significant trade finance agreements between the African Export-Import Bank (Afreximbank) and several leading business entities from across the continent took place on November 11, the third day of the third Intra-African Trade Fair (IATF2023).
14/11/2023
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Altriarch Specialty Finance Fund, LP (Altriarch), a leading private credit manager based in Charleston, South Carolina, recently provided US$43.5m in committed capital to factoring companies across the US.
13/11/2023
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