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The International Finance Corporation (IFC) has approved a credit facility of US$35m in partnership with FSDH, Nigeria’s Merchant Banking Group.
09/12/2022
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FinCompare, one of the leading platforms for corporate financing in Germany, connects the direct bank ING Germany via an interface. This allows SMEs to make credit decisions faster (within 15 minutes) and exchange documents and data for the loan conclusion efficiently.
09/12/2022
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Accord Financial Corp., one of North America’s leading independent commercial finance companies (Accord) has expanded its Canadian asset based finance (ABL)/factoring team to include Julien Lacoste as Manager, Business Development.
09/12/2022
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In enhancing international cross border capability for the bank, HFC Bank entered into an agreement with International Finance Corporation (IFC) for Global Trade Finance Program, whereby IFC will guarantee HFC Bank’s trade transactions to overseas banks.
09/12/2022
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Banque Saudi Fransi and fintech Lamaa have signed a memorandum of understanding agreement to develop, evaluate and launch new products and services for SMEs.
08/12/2022
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CIT, a division of First Citizens Bank, recently announced that its asset-based lending (ABL) business has provided a US$35m revolving credit facility to Utopia Deals.
08/12/2022
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Spain faces an imminent economic contraction in the last quarter of 2022 continuing into early 2023, according to an Ernst & Young (EY) report.
08/12/2022
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BNP Paribas has recently announced the appointment of Cynthia Tchikoltsoff as head of global trade solutions and Stephane Gaboriaud as deputy head of global trade solutions, transaction banking, Asia-Pacific.
08/12/2022
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Fifth Third Bank and PrimeRevenue, a global leader in working capital and B2B payment solutions, recently announced that they will be joining forces.
08/12/2022
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Bristol-based invoice finance provider Optimum Finance has increased its funding capability by 25 per cent following a successful year driven by substantial growth and new client acquisition.
08/12/2022
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Geopolitical events and a volatile and challenging economic climate still reverberate around the world as central banks attempt to ease inflationary pressures while the threat of global recession looms. In the past year financial institutions have started to look beyond conventional ways of doing business, although a continuing reliance on traditional, over-provisioning models of legacy banking systems is slowing this transformation.
07/12/2022
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Time Finance has reached another lending milestone with the delivery of its largest day-one Invoice Finance facility, as it prepares to help more businesses in gaining access to flexible and supportive funding solutions.
07/12/2022
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Just weeks after UK Commercial Finance opened as a new funding route for SMEs it has launched a portal for merchant finance. UK Commercial Finance, which is a completely separate entity from UK Finance, officially opened in November 2022. It is a specialist brokerage service which has been formed from a team of experienced finance brokers.
07/12/2022
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Surecomp® announced that international bank and wealth management group Investec has selected its cloud-based DOKA-NG™ and RIVO™ for fully digital end-to-end trade finance processing automation. DOKA-NGTM has gone live in less than three months and will now enable Investec to execute seamless and sustainable trade finance requests from its customers across the globe.
07/12/2022
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Finastra research reveals that Open Banking is now universally and unequivocally regarded as a key part of a bank’s landscape, with 99% of respondents considering it either a ‘must have’ or ‘important’, up from 94% last year. The proportion of global financial institutions that consider it a ‘must have’ has risen to 61%, a notable increase from 2021 (51%).
07/12/2022
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