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Coface EUR66m profit

Coface – the UK-based credit insurer, which also has factoring operations in Poland and Germany – has posted a EUR66m profit in its H1-2015 results, in spite of an increase in claims in emerging countries (more…)

#emerging markets#guarantees#innovation

UK businesses turning to invoice discounting

Figures published by the Bank of England (BoE) showed a fall of GBP5.5bn in outstanding lending to non-financial businesses –…

#bank#Bank of England#banks


Diluting City regulation

A deputy governor of the Bank of England has warned against watering down financial services regulation to boost short-term growth,…

#bank#Bank of England#financial services


Cфte d’Ivoire plans to increase investment in Afreximbank

Ivorian President Alassane Ouattara has announced that the country is planning to increase its investment in the African Export-Import Bank…

#bank#Benedict Oramah#Paid


Bibby provides SME funding boost

Bibby Financial Services (BFS) has developed relationships with 130 SMEs since establishing itself in Birmingham towards the end of 2014…

#banks#financial services#funding


Barclays Africa opens Supply Chain challenge

Barclays Africa Group Ltd (Barclays Africa) have launched the Barclays Africa Supply Chain Challenge – the first of several initiatives…

#blockchain#blockchain technology#digital


SME funding online platform launches

Online platform Fundbird, which has the capability to pre-filter SME applications based on their individual requirements, has launched. It is…

#alternative lending#interest rates#invoice


Reparo chooses the cloud for new business line

Mambu – the SaaS banking platform provider – has announced that Reparo Finance – an independently-owned business finance company specializing…

#API#business finance#cloud


Payment discipline of Czech firms improves says Bibby

The payment discipline of Czech companies has improved, as invoices financed via factoring were paid after 72.1 days on average…

#economy#exporters#financial services


Interest rates to be reduced by half for a...

In Peru, the Law for Strengthening Factoring will allow interest rates - set by banks for credit requested by micro,…

#banks#interest rates#Paid


DOKA 5 awarded 2015 SWIFT accreditation

Surecomp – the global provider of trade finance solutions for banks and corporations – announced today that DOKA 5 (its…

#awards#bank#banks


RBS Invoice Finance supports specialist funder

A UK-based specialist funder for the recruitment industry has secured a GBP4m funding package from RBS Invoice Finance and RBS…

#invoice#management#small businesses

DFSA grants DS-Concept a Category-2 License

DS-Concept Intelligent Trade Finance Limited (DS-Concept Factoring UAE) has been granted a Category-2 license by the Dubai Financial Services Authority…

#exporters#financial services#international

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