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Metro Bank has made two appointments to its growing invoice finance business. Vicky Jones-Ayre joins as a Relationship Manager for the South-West region and Keith Godfrey as a Business Development Director for Thames Valley, West London and South.Vicky joins the Bank after over 17 years at Ultimate Finance, where she held a number of senior client-facing roles. Keith has worked in commercial finance for more than 25 years, most recently within Head of Sales roles with E-Capital, Calverton Finance and Data Interconnect.
04/10/2023
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International Finance Corporation (IFC), a global development institution focused on the private sector in emerging markets, has signed a $3.5bn credit insurance policy with 13 global insurance companies under its Managed Co-Lending Portfolio Program (MCPP).
03/10/2023
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Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, has successfully closed an upsize and expansion of its existing $75m IFRS off-balance sheet receivables securitization programme to $100m for Swissport International AG (“Swissport”), headquartered in Opfikon, Switzerland. The expansion focuses on adding Swissport’s subsidiaries located in Switzerland.
03/10/2023
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France’s factoring market grew more slowly in the first half of 2023 than in the first half of 2022. Even so at 6.4 per cent it was well above the country’s growth in GDP. Also, for the first time in many years the growth in France’s international factoring market was somewhat less than the growth in domestic factoring. France is now Europe’s largest factoring market, having outperformed Germany in 2022, and the world’s second largest after China.
03/10/2023
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Financial technology solutions provider MonetaGo has announced a new partnership with financial services digital transformation firm Tesselate. MonetaGo’s Secure Financing system will integrate with Teselate’s hive.t, the marketplace that promotes interoperability, providing financial institutions with the ability to detect and prevent duplicate financing fraud.
03/10/2023
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The government and the National Bank must solve the problem of receivables, especially for Belarusian potash fertilizers (fertilizer potassium), Belarusian President Aleksandr Lukashenko said at a meeting to discuss the promotion of Belarusian export on 3 October.
03/10/2023
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Apron, an intuitive fintech platform that slashes the time small businesses spend processing invoices, has raised $15m in Series A funding led by Index Ventures, who were joined by Bessemer Venture Partners and Visionaries Club.
02/10/2023
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“AI’s potential in data cleansing is huge,” Tim Armstrong, Head of Receivables Financing & Data Science, Silver Birch Finance
02/10/2023
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Quadient, a leader in helping businesses create meaningful customer connections through digital and physical channels, and Coface, a globally renowned trade credit insurer with over 75 years of experience, announce their strategic partnership to offer an advanced risk management solution. This new partnership will kick-off in France before rapidly expanding to the UK and American markets.
02/10/2023
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CargoX, a leading innovator in digital trade solutions, has joined forces with Enigio, a pioneer in electronic document management, to establish a groundbreaking partnership that is set to reshape the landscape of digital trade.
02/10/2023
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Africa Finance Corporation (AFC) has announced the successful signing of a US$300m loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is poised to drive increased trade finance and investment across the African continent, fostering economic growth and development.
29/09/2023
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The post-pandemic period has led to an economic recovery worldwide, which began to be evident at the end of 2021 showing above average growth of GDP, due to the increase in consumer and business demand that was generated after the prolonged series of lockdowns, said Jose Mario Escudero, CCO, Latam Trade Capital Peru in his article included in the most recent edition of the
29/09/2023
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RBB Bancorp announced that, effective September 28, 2023, Gateway Bank, F.S.B. announced that it and RBB Bancorp have mutually agreed to terminate the definitive agreement originally entered into on December 28, 2021.Neither party has or will have any liability or pay any penalty to the other party as a result of the termination, and each party has released the other from any and all claims related to the definitive agreement or the transactions contemplated by the definitive agreement.About RBB Bancorp:
29/09/2023
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Trade credit insurance is globally recognised by banks as an important risk mitigator, especially in Europe where we find the longest tradition of using trade credit insurance as a key mitigator for credit solutions to foster finance to the real economy.
29/09/2023
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The digitalisation of trade and finance systems is set to revolutionise the fight against trade fraud across the globe, a new report from the German chapter of the International Chamber of Commerce, ICC Germany, and financial technology provider MonetaGo, has stated.
28/09/2023
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