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Asset-based lenders performed well overall in Q4, SFNet reports

The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios in 2024.SFNet surveyed bank...

#bank#commercial finance#international

Oscilar unveils advanced AI-Powered AML Risk Platform to combat...

Oscilar, a leading force in AI-Powered financial risk management, today publicly unveiled an industry-leading AI-Powered AML Risk Platform at the…

#AI#anti-money laundering#bank


PNC Bank Provides $150m A/R securitisation facility to Kinetik...

In a strategic move to fortify its financial position, Kinetik Holdings Inc. has secured a substantial accounts receivables securitisation facility…

#receivables


PowerPay secures inaugural securitisation for home improvement and medical...

PowerPay, a leading US fintech company specialising in real-time lending and payment solutions for contractors and physicians announced the closing…

#bank#channel#funding


ABL provider introduces Accelerate Pay for business payments

Synovus has launched Accelerate™ Pay, a new payment solution that enables commercial banking clients to initiate account payable payments in…

#accounts payable#bank#cash management


IFA names Thirdmark Capital as a Preferred Ally Member

The International Factoring Association (IFA) announced that Thirdmark Capital has been named a Preferred Ally Member. IFA Ally Membership is…

#bank#commercial finance#credit risk


U.S. Bank, Levantor Capital team up to expand working...

U.S. Bank today announced that it has teamed up with Levantor Capital to expand flexible working capital financing options for…

#working capital#working capital finance


Valley National Bank provides US$150m credit facility to a receivables finance firm

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced today that their New York City commercial banking team…

#bank#i#receivables


Tree Buckingham joins nFusion Capital as EVP Head of...

nFusion Capital announced that Tree Buckingham has joined their team as EVP Head of Asset Based Lending (ABL). Buckingham is…

#commercial finance#leadership#management


Sabre Corporation increases AR facility to $235m and refinances...

Sabre Corporation ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect…

#receivables


TAB Bank names Justin Hatch as Chief Lending Officer

Utah (USA)-based TAB Bank appointed Justin Hatch chief lending officer, effective immediately. In his new role, Hatch will oversee the…

#Managerial Appointments#working capital finance


Finacity facilitates US$30m receivables-based loan programme for Novaria with...

Finacity Corporation (Finacity), a White Oak company, and Synovus Bank (Synovus) today announced that they have successfully arranged and closed…

#White Oak

Wingspire Capital  provides a US$75m revolving line of credit to Signature...

Wingspire Capital  provided a US$75m revolving line of credit to Signature Brands. The senior secured credit facility was used to refinance an…

#cash-flow#e-commerce#financial services

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