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Factoring fraudster sentenced to 63 months in US prison

A Monmouth County, New Jersey, a man was sentenced today to 63 months in prison for defrauding lenders of US $50m in connection with an invoice factoring scheme perpetrated over nearly a decade, U.S. Attorney Philip R. Sellinger announced.Vincent Galano,...

#funding#invoice#MAN

UTB strengthens credit department with new hire

London-based United Trust Bank (UTB) has appointed Jon Phillips to the new role of Head of Credit in its asset…

#Managerial Appointments


KredX lands US $15.6m in pharma export deal

India’s KredX supply chain financing platform, announced its first global trade export deal of annualised transaction valuing US $15.6m on…

#KredX#supply chain finance


British WeDo acquires Australian invoice financier

A north west UK business services group has gained a foothold in the Australian market by making a strategic seven-figure…

#ScotPac


Breeze partners with Finverity to reduce Africa’s trade finance...

Breeze, a startup that powers trade by providing financial services to supply chain businesses in Africa... (more…)

#Finverity#supply chain finance


Economic pain in the UK and the factoring industry

The factoring and receivables management industry unquestioningly plays a very important role in... (more…)

#Mark Mandula


BCR Webcasting: Interview with Nils Behling of Tradeteq

In the run up to the 8th Alternative and Receivables Finance Forum (A&RF), Michael Bickers meets with... (more…)

#A&RF22#Alternative and Receivables Finance Forum#Nils Behling


Factoring community mourns the loss of Roberto Weckop

Following the sudden death of Roberto Weckop on Tuesday last week, reportedly from a heart attack... (more…)

#Roberto Weckop


Togo adopts factoring law

In order to expand the scope of financing instruments for businesses... (more…)

#factoring law#Sani Yaya


Allianz Trade: Global insolvencies are expected to rise by...

The high energy bill, rising interest rates and wages will weigh heavily on corporates’ profitability and cash flows.The current fiscal…

#Allianz Trade#inflation#insolvencies


Tipalti chooses BillingPlatform for enterprise billing automation

BillingPlatform, the enterprise monetization platform for today’s innovative business models, just announced that ... (more…)

#Payables finance#supply chain finance#Tipalti


Italy experiences long payment delays by public administration

The delay that public administration tends to... (more…)

#payment delays

EBRD, EU and GCF to support Bank of Africa...

The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and... (more…)

#Bank of Africa#green finance

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