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Bloxcross, blockchain-based financial solutions provider, and JP3E, a global commodity trading firm, have announced the launch of a new, comprehensive platform designed to revolutionise global trade finance. This innovative platform integrates artificial intelligence to streamline and enhance financial transactions across international borders.The platform...
#artificial intelligence#blockchain#digital
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies…
#COVID#COVID-19#insolvencies
The European Bank for Reconstruction and Development (EBRD) and Tajikistan have agreed to cooperate on gender equality and support for…
#bank#banks#financial services
While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to…
#commercial finance#international#International Trade
FCI has released the preliminary world factoring statistics for 2023 indicating that the factoring and receivables finance Industry volume saw…
#factoring statistics#international#receivables
The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network…
#bank#commercial finance#international
In light of the rapidly changing landscape of the trade finance industry, FCI has decided to start establishing a regional…
#bank#receivables#Standard Chartered Bank
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
Turk Eximbank has signed a 10-year term resource agreement with an amount of €140m from a consortium of banks under…
#exporters#exports#financial institution
The African Export-Import Bank (Afreximbank) has announced the successful completion of a first-of-its-kind India-focussed club deal for US$282m.Initiated for the exclusive…
#bank#international#trade
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
The Ministry of Trade, Industry, and Energy has declared an unprecedented injection of KRW255tn (US$190bn) into trade insurance this year,…
#exports#guarantees#smes
The Ghana International Bank (GHIB) has committed to address the urgent trade needs across Sub-Saharan Africa.During the 65th anniversary of…
#bank#financial institution#Ghana Cocoa Board