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To make loans more accessible and affordable for small and medium enterprises (SMEs), IFC has set up a risk-sharing facility with FirstRand Bank Limited that will cover half of the credit risk for a portfolio of up to ZAR1.8bn (US$99m...
#credit risk#FirstRand Bank#IFC
Tokio Marine HCC, a global insurance group based in Houston, Texas, and part of Japan’s Tokio Marine Group, has announced…
#credit insurer#credit risk#risk
In order to create a suite of credit risk products that offer credit teams simplified policy compliance and enhanced portfolio…
#credit risk#international#risk
Provident Financial Services, Inc. (Provident) announced yesterday that its merger with Lakeland Bancorp, Inc. (Lakeland) was completed, creating the premier super community…
#bank#credit risk#financial services
Global credit insurer Coface has launched EasyLiner, a trade credit insurance product for SMEs in New Zealand, aiming to address…
#bad debts#credit risk#smes
FGI Worldwide LLC (FGI), a global leader in commercial finance, and Validis, the open accounting API, have partnered to integrate…
#API#commercial finance#credit risk
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
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
Artis Trade Invest Fund (Liechtenstein) announces a new initiative for secured trade finance, providing short-term financing to European petrol stations.…
#credit risk#invoice#risk
ITFA has opened for its members access to an industry framework for open account distribution. The Master Account Receivables Assignment Agreement (MARA)…
#assignment#credit risk#receivables
Nuvo, the B2B trade credit tech platform that combines customer onboarding, credit risk assessment, and fraud prevention, has announced a…
#Allianz#credit risk#management
CIBC has promoted Brandon Barr (pictured) as Head of Asset-Based Lending Group. In his new role, Barr will be in charge…
#bank#CIBC#commercial finance
Small businesses are finding it harder to access finance and are seeing credit costs rise, according to new research by…
#business finance#credit risk#management