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To optimise cash flow and unlock working capital more efficiently for their clients, Canadian fintech Nuvei Corporation (Nuvei) has announced the launch of invoice financing services. The new offer is allowing merchants to access invoice financing directly within their ERP systems.
11/04/2024
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Banc of California, a wholly owned subsidiary of Banc of California Inc., has announced the promotion of several leaders in community banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices.
11/04/2024
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Following the publication of the European Central Bank (ECB)’s interest rate announcement today, Michael McGowan (pictured), Managing Director, Foreign Exchange, Bibby Financial Services (BFS), commented:“The European Central Bank’s decision to hold interest rates today stands to ripple through international markets. Here in the UK, the bank’s consistently cautious approach has so far produced expensive consequences for exporters.
11/04/2024
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The CEO of the United Kingdom’s export credit agency has visited Togo and Benin, meeting government ministers in both countries to signal UK Export Finance (UKEF)’s readiness to extend up to £4bn of support for local projects.Last year, the UK’s exports to Togo were worth £287m whilst its exports to Benin were worth £58m. UKEF is working to enable British businesses of all sizes to access opportunities in these and in other Francophone West African countries.
11/04/2024
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EIB Group synthetic securitisation will enable Erste Bank to lend up to €196m to small and mid-sized businesses in Austria.The transaction is the first synthetic securitisation in Austria that falls under the European label for simple, transparent and standardised (STS) transactions.
11/04/2024
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Leading SME finance provider, Time Finance, has appointed Caroline McDonald as the new Head of Marketing in a move that will support the business’ long-term growth strategy as it nears the end of its strongest trading year to-date.Caroline brings over 20 years of experience in business finance, having held senior marketing roles for a number of funders including Aldermore and Catalyst Business Finance and more recently with broker focussed organisations, including The Broker Hub and Funding Xchange.
11/04/2024
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In light of the rapidly changing landscape of the trade finance industry, FCI has decided to start establishing a regional committee structure. This strategic move is designed to address the diverse needs of the members more effectively and adapt to evolving market dynamics.The first regional committee has been established in the United Arab Emirates as the Regional Committee for MENA.
10/04/2024
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The European Investment Fund (EIF), part of the EIB Group, has signed portfolio guarantee agreements with 11 banks and financial intermediaries in the Western Balkans economies. Funded under the European Union’s WB EDIF (Western Balkans Enterprise Development and Innovation Facility) Guarantee for SME Resilience Initiative, these agreements will enable local banks and financial institutions to build a portfolio of SME loans for an aggregate amount of well above €750m, along with those yet to signed in the first half of 2024.
10/04/2024
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In order to diversify the working capital solutions provided to mid and large companies, Vista Bank extended its offer with factoring services. As a first step, the bank will focus on domestic factoring with and without recourse.
10/04/2024
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Kyriba, a global innovator in liquidity performance, has announced new AI features within its platform designed to improve cash forecasting, bank connectivity-as-a-service and custom report generation. This AI product expansion complements existing AI capabilities for payment fraud detection and cash management optimisation.
10/04/2024
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Legal & General Investment Management (LGIM) has unveiled a new short-term alternative finance fund, responding to heightened investor interest.
09/04/2024
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Oscilar, a leading force in AI-Powered financial risk management, today publicly unveiled an industry-leading AI-Powered AML Risk Platform at the ACAMS Summit in Florida. This innovation represents a major leap forward in Anti-Money Laundering (AML) operations by equipping sponsor banks, fintechs, and financial institutions with unparalleled real-time monitoring, meticulous reporting, and in-tool backtesting and validation capabilities.
09/04/2024
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Asset-based lender Ultimate Finance has hit a new lending milestone with both their asset and bridging loan books hitting £100m milestones each at the end of the first quarter this year.
09/04/2024
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CredAble, India's largest working capital tech platform, announced a record-breaking milestone aggregate throughput worth US$8bn for the financial year 2023–24. The company maintains an industry-leading average invoice period accelerated by 73 days, with over 2.5 million invoices processed on its platforms.
09/04/2024
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Antares Syndicate 1274, the (re)insurance subsidiary in the Lloyd’s market of QIC’s Antares Global, has launched a consortium for underwriting of credit and political risk insurance.
09/04/2024
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