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Atradius: UK transport sector sees 38% drop in payment claims

Atradius, one of the UK’s leading trade credit insurers, has revealed a 38 per cent drop in claims for late…


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FCI and MonetaGo announce registry technology partnership, push for global…

FCI, the global representative body for factoring and financing of open account domestic and international trade receivables, has announced a…


Time Finance expands invoice finance team with new appointment

Time Finance is delighted to welcome Sion Street as a Business Development Manager in its invoice finance team. Sion joins…


BFS: Surge in bad debt piles pressure on SME supply…

The value of bad debt suffered by small businesses has surged by a staggering 127 per cent, according to a…


Finastra reveals Loan IQ Simplified Servicing solution for bilateral and…

Finastra has announced its Loan IQ Simplified Servicing solution at Sibos 2024. The solution takes the rich functionality available in…


Finativ and Woodhurst announce strategic partnership

Finativ, a leader in consulting and advisory services for finance firms, and Woodhurst, a consultancy renowned for its expertise in…


BFS is calling for UK government to back SMEs

Predictions suggest that the UK budget will see a rise in both employer’s national insurance payments and the rates of…


RIVO™ network expands as leading banks join Surecomp’s trade finance…

Surecomp today announced that a host of leading trade finance banks have recently joined its RIVO™ ecosystem. Crédit Agricole CIB…


BCR Webcasting: Saloi Benbaha, Head of Enterprise Alliance and Ventures…

“More education is needed,” Saloi Benbaha. In this pre-MENASCF24 interview with Michael Bickers, Saloi Benbaha, Head of Enterprise Alliance and…


HSBC partners with Dowsure to enhance trade financing

HSBC is looking to enhance its trade financing options for businesses on e-commerce platforms in mainland China and Hong Kong,…


HKMA and banks launch five new measures to support SME

The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced multiple measures to further support, through financing as…


Finacity expands Hyperion’s AR securitisation to $45M

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$40m to US$45m for…


Standard Chartered introduces sustainable finance options for BBTL

Standard Chartered has launched of the sustainable finance variants of Borrowing Base Trade Loans (BBTL). The solution will be available…


BIS’s Project Aperta to enhance global trade finance interoperability

The Bank for International Settlements (BIS) announced the launch of Project Aperta, an initiative aimed at reducing frictions and costs…


FFH invests in Lendingkart amid turbulent times

Lendingkart, India’s largest fintech company in the MSME (Micro, Small, and Medium Enterprises) lending space, is set for a transformative…


Nigeria’s senate advances Factoring Bill

The Nigerian Senate has taken a significant step towards improving the financial landscape for Micro, Small, and Medium Enterprises (MSMEs)…


BNY Mellon and Mizuho Bank forge landmark agreement to enhance…

The Bank of New York Mellon Corporation ("BNY") and Mizuho Bank, Ltd. (“Mizuho Bank”), the banking arm of Mizuho Financial…


Banco Central do Brasil adds receivables discounting to Drex Pilot…

The Banco Central do Brasil (BCB) recently unveiled the second phase of its Drex Pilot, the initiative aimed at developing…


Estonian fintech Tuum ventures into Sharia-Compliant ABL

Tuum, a next-generation core banking provider from Estonia, has launched its foundational Islamic Banking and Finance solutions, marking a significant…


ICC launches new principles for sustainable trade finance at Sibos…

The International Chamber of Commerce (ICC) has introduced the Principles for Sustainable Trade Finance (PSTF) during Sibos 2024 in Beijing.…


WFY’24: Factoring in China continued to grow in 2023

Factoring in China continued to grow (10 per cent increase - according to FCI - compared to 2022) in 2023,…


Small Business Commissioner to launch new Fair Payment Code later…

The Small Business Commissioner, with the support of the Department of Business and Trade, will be launching a new Fair…


Reserve Bank of India takes action against four NBFC

The Reserve Bank of India has yesterday, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of…


EU and EBRD back ProCredit Bank in Moldova to boost…

Moldovan businesses are set to benefit from greater access to finance as the European Bank for Reconstruction and Development (EBRD),…


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