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Seven banks in India have struck an agreement to collaborate with digital banking service provider Infosys Finacle on a blockchain-powered trade network, the company announced Wednesday (May 16). In a press release, Infosys Finacle said it has successfully launched India...
#purchase order finance
Digital invoice discounting platform, Invoicemart, said yesterday (7 May) it has processed nearly... (more…)
#bank#discounting platform#invoice
Digital Invoice Discounting platform Invoicemart announced the execution of the first factoring transaction by... (more…)
#bank#blockchain#frauds
The government has approached the Reserve Bank to relax norms for non-performing assets (NPA) or bad loans... (more…)
#bank#financial services#small business
...expects to generate about INR 4.5bn (US$ 69m) through offloading stake in... (more…)
#bank#i#ING
Structured finance provider...the non-banking finance company (NBFC) business of ...plans to start financing small and medium enterprises (SME)... (more…)
#SME lending
India today is a leader in blockchain innovation and experimentation. With a strong community of innovators at home, foreign fintechs’…
#invoice finance fraud
After years of announcements regarding blockchain proofs of concept and pilots, a first successful enterprise grade deployment that includes multiple…
#bank#blockchain#interest rates
Yes Bank has launched a solution that uses robotics to digitise part of the trade finance payments process... (more…)
#bank#Bill#trade
While businesses and lenders are coming around to the utility offered by electronic bill exchanges, the Trade Receivables Discounting System…
#bank#invoice#platforms
In an endeavor to support MSME financing, Standard Chartered Bank has successfully completed its first Trade Receivable Discounting... (more…)
#bank#interest rates#invoice
...an online credit marketplace providing technology-enabled end-to-end solutions to financing needs of individuals and SMEs, announced... (more…)
#bank#blockchain#digital
New banks have come on-board the invoice discounting platform Invoicemart. The recent addition, Allahabad Bank, Standard Chartered Bank, Vijaya Bank and…