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The Eastern and Southern African Trade and Development Bank (TDB) and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, have signed a Memorandum of Understanding (MoU) to strengthen trade between OIC member states and those of TDB, during the World Bank Group and International Monetary Fund Annual Meetings in Marrakech, Morocco.
20/10/2023
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Accelerated Payments is announcing a strategic partnership with UK funding expert Funding Friends to facilitate the accessibility of bespoke working capital solutions for UK SMEs and mid to large corporate businesses. Having previously worked alongside Accelerated Payments Head of UK, Lee Baty and Sales Director Siobhan Jones in previous banking roles, Funding Friends brings an extensive referral network that Accelerated Payments can leverage, guaranteeing businesses access to essential funds through our innovative invoice finance solutions.
20/10/2023
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First Citizens Bank today announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions.
19/10/2023
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Mountain Ridge Funding, a specialist of asset-based lending and term loans to middle-market businesses, launches officially its factoring company Alpine Ridge Funding (Alpine). The new company was created to offer, via a platform, factoring facilities from US$50,000 to US$30m to small and lower middle-market businesses across a broad range of industries.
19/10/2023
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Using artificial intelligence (AI) in our everyday lives, and in business, is firmly in the mainstream and it’s now commonly accepted that any organisation that doesn’t ultimately integrate AI into its services and offering is going to fall behind. Haseeb Qureshi (pictured), Chief Operating Officer at Conister Bank describes further.
19/10/2023
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Finverity, the trade and supply chain finance digital ecosystem, today announced the expansion of FinverityOS
19/10/2023
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Tradeteq, the leading private debt and trade finance marketplace that connects asset sellers with institutional investors, is announcing its new membership with FCI, the global representative body for the factoring and financing of open account domestic and international trade receivables.
18/10/2023
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Following today’s UK stagnant inflation rate this morning, industry specialists comment on what this will mean for local SMEs.Jonathan Andrew, CEO at Bibby Financial Services:“Today’s stagnant inflation rate is bad news for UK businesses, especially as our recent research saw 59 per cent of SME owners continue to cite inflation as a key challenge.
18/10/2023
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The factoring sector began 2023 on a positive note and has continued to show resilience in an uncertain economy, according to the MidYear Factoring Industry Survey, released by the Secured Finance Network (SFNet). The survey included the Factoring Confidence Index, which found that despite a lingering threat of recession, member organisations are optimistic about the demand for new business and portfolio performance. General business conditions and industry employment levels, meanwhile, were predicted to remain the same.
18/10/2023
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Allianz Trade releases today its latest Global Insolvency Report and unveils updated forecasts for 2023 and 2024. According to the world’s leading trade credit insurer, after a small rebound in 2022 (+1 per cent), global insolvencies are set to jump by +6 per cent in 2023 and +10 per cent in 2024.Waning cash buffers and worsening profitability are putting many sectors at risk
18/10/2023
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UK-based small business lender iwoca has received a new £200m funding line with initial commitments from Barclays and Värde Partners.
17/10/2023
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Finastra, a global provider of financial software applications and marketplaces, is partnering with ELCY, a specialist in e-commerce solutions for the processing of international trade finance, to provide a trade finance solution for corporates.
17/10/2023
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ZINK, a rising fintech under the visionary leadership of entrepreneur Leandro Zen and yours co-founders and partners, João Brambilla, and Elvis Souza, announced the merger/incorporation of SIZE, an experienced player in the receivables financing landscape with almost 12 years of industry expertise. The strategic alliance of these two innovative companies is set to revolutionise the fintech landscape, particularly in the realm of B2B credit solutions.
17/10/2023
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Mastercard has signed an exclusive agreement with Alhulul Almobassatah Financial Company (SiFi) to empower small and medium-sized enterprises (SMEs) in Saudi Arabia with a range of innovative offerings.
17/10/2023
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Alternative lender ThinCats has appointed Dan Hartley as its new chief financial officer.Hartley was most recently chief investment officer at the Lowell Group. Prior to this, he worked for the FTSE-listed company Arrow Global where he was group treasurer.
17/10/2023
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