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International banks are seeing renewed demand for letters of credit as companies seek stronger payment protection during a period of sanctions pressure, shipping disruption and geopolitical uncertainty. The shift is notable because letters of credit had been losing ground for...
#banks#Letters of Credit#payment risk
European banks and industry bodies are increasing pressure on regulators to rethink how trade finance is treated under existing frameworks,…
#banks#capital requirements#EU regulation
The International Trade and Forfaiting Association (ITFA) has warned that evolving anti-money laundering (AML) requirements could place additional pressure on…
#AML#banks#compliance
Bristol-based plant hire supplier Plantforce has secured a £60m funding line from its existing banks to invest in its hire fleet over…
#bank#banks#funding
Solifi, a global fintech software partner for secured finance, is celebrating its 50th anniversary after enjoying substantial growth in 2023.Founded…
#banks#cloud#digital
The European Bank for Reconstruction and Development (EBRD) and Tajikistan have agreed to cooperate on gender equality and support for…
#bank#banks#financial services
The Board of Directors of Alisa Bank Plc (Alisa Bank) and the shareholders of PURO Finance Ltd (PURO Finance) have…
#bank#banks#digital
In order to diversify the working capital solutions provided to mid and large companies, Vista Bank extended its offer with…
#acquisition#bank#banks
Antares Syndicate 1274, the (re)insurance subsidiary in the Lloyd’s market of QIC’s Antares Global, has launched a consortium for underwriting…
#banks#credit risk#insurance
Haifin, a pioneering financial technology startup headquartered in the UAE, is eyeing expansion beyond its home turf with plans to…
#banks#blockchain#Financial technology
The factoring market experienced a modest decline in turnover by the close of 2023. However, a resurgence is expected in…
#bank#banks#fintechs
“The success story of Egypt will be replicated by most of the banks in MENA in the short term,” Doaa…
#banks#embedded finance#Executive Committee
Encina Lender Finance, LLC (ELF) has announced the closing of US$360m of funding commitments from nine banks.Ed Chang, CEO of…
#banks#funding#i