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In a poll conducted by a leading trade association, since new CA disclosure rules were implemented in December 2022, 40% of respondents were found to be “no longer lending” to prospective borrowers who fall within the regulations’ threshold of less than US$500,000. The poll was conducted by The Secured Finance Network (SFNet), an 80-year-old nonprofit with membe
22/03/2023
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Commenting on UK inflation's surprise rise as long-term liquidity concerns intensify for SMEs, Douglas Grant (pictured), Group CEO at Manx Financial Group PLC, said:
22/03/2023
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The 8th EU Federation (EUF) & FCI EU Factoring Summit will take place on 20-21 April 2023 in Cologne, Germany. We have selected the beautiful Hyatt Regency as the setting for this edition of the Annual Event. FCI and EUF represent over 98% of all European market players. This eighth Summit is a unique opportunity for Industry Leaders to network and address topics that really matter for the Factoring Industry.
22/03/2023
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African Export-Import Bank (Afreximbank) has announced the enhancement of the financing facility provided to Fidelity Bank plc, Nigeria under the Afreximbank Trade Facilitation Programme (AFTRAF).
22/03/2023
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Standard Chartered announced the global launch of the working capital and lending capability on its Straight2Bank (S2B) platform, the Bank’s online banking platform for businesses to manage their transaction banking needs.
22/03/2023
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Origin, a major trade credit insurance broker in India, and AU Group – one of the world's leading independent brokers specialised in trade receivables, headquartered in Paris ,- have announced a strategic partnership.
21/03/2023
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Paystand, the blockchain-enabled B2B payment network, has announced a new suite of Accounts Receivable (AR) and Accounts Payable (AP) tools designed to help businesses manage their full cycle treasury and to better optimise their cash flow under any set of market conditions:
21/03/2023
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The Board of Directors of the African Development Bank Group has approved a US$30m Trade & SME Finance Facility for Family bank Limited (FBL) in Kenya.
21/03/2023
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With more banking and commercial finance organisations seeking to grow outside their traditional product boundaries, specialist consulting and corporate finance firm Finativ have expanded their “finance native” expertise with the appointment of Richard Carter as Consulting Director.
21/03/2023
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Saigon-Hanoi Commercial Joint Stock Bank (SHB) is the latest Vietnamese bank to join IFC in expanding access to finance for small and medium enterprises (SMEs), especially women-owned businesses.
21/03/2023
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Allica Bank, the leading fintech SME challenger bank, is urging the Prudential Regulatory Authority (PRA) to consider changes to proposed new bank capital rules to ensure small businesses have access to finance and the UK’s SME challenger bank sector continues to thrive.
20/03/2023
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Castlelake, L.P. (Castlelake), a global alternative investment manager specialising in asset-backed private credit with 17 years of experience investing in asset-rich opportunities, and fintech lender TradeBridge, today announced Castlelake has agreed to provide a facility of up to £100m to TradeBridge.
20/03/2023
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Saudi Arabian buy now, pay later (BNPL) provider Nakhla for Information Technology Systems LLC (Tamara) has landed a US$150m warehouse securitisation of BNPL receivables round from Goldman Sachs.
20/03/2023
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Factoring Companies Canada (FCC) facilitates the connection between firms and factoring providers. The aim of FCC is to connect businesses, no matter what size they are or what industry they operate in, with the best financial partner.
17/03/2023
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In a ceremony in Tehran this week, Iran’s finance minister Ehsan Khandouzi has announced the launch of the first banking scheme to allow businesses to use factoring services. This launch is part of a larger government programme to support private and state companies to get funds without relying on finances generated from the oil export revenues.
17/03/2023
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