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BCR proudly announces the eminent panel of judges entrusted with the evaluation process for the RFIx24 Awards. These seasoned professionals bring decades of expertise to the table, ensuring a rigorous assessment of submissions that have propelled the receivables finance sector.The esteemed judges include:
23/04/2024
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Acre Impact Capital, a private-debt impact investment manager announces the first closing of its Export Finance Fund I (the “Fund”), with commitments of US$100mn, with a target size of US$300mn.
23/04/2024
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Standard Chartered today announced the launch of its new Open Banking Marketplace, a one-stop platform that enables both existing and prospective clients to discover, identify, and test application programming interfaces (APIs) that best meets their business objectives in a sandbox environment.
23/04/2024
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The Hong Kong Monetary Authority (HKMA) has rolled out a new SME information hub on its website, aiming to aid small and medium-sized enterprises impacted by shifts in consumer and tourism spending. The platform offers insights into SME lending services provided by major banks like HSBC, Standard Chartered, and Bank of China (Hong Kong), along with SME service hotlines and various loan products.
23/04/2024
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Sezzle Inc., a purpose-driven digital payment platform, is pleased to announce its new US$150m receivables funding facility secured with an affiliate of Bastion Management II LLC (Bastion). Bastion will act as the Administrative Agent for the lenders. The new facility supersedes the previous US$100m facility established in October 2022 with Bastion and affiliates.
23/04/2024
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Arthur J. Gallagher & Co. has announced the acquisition of Australia-based Prasidium Credit Insurance (Prasidium). Terms of the transaction were not disclosed.
23/04/2024
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Decipher Credit, the leading loan origination and underwriting platform for financial institutions and private lenders, announced an exciting partnership with Validis, the embedded platform for on-demand access to SME financial data.
23/04/2024
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Softloans, a fintech startup headquartered in Vilnius, Lithuania, has successfully secured €1 million in pre-seed funding to bolster its growth and development initiatives.
23/04/2024
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Last week in London, the offices of SMBC hosted a pivotal event in trade and investment: the Trade and Investment Forum organised by BCR in partnership with ITFA. Bringing together leading experts and innovators, the forum explored key trends and opportunities shaping investment in trade finance.
22/04/2024
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SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.
22/04/2024
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The Australian Securities and Investments Commission (ASIC) has revealed a significant uptick in company insolvencies during the period from July 1, 2023, to March 31, 2024. Data shows that 7,742 businesses entered external administration, marking a substantial 36.2 per cent increase from the previous year.
22/04/2024
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Demica, a leading provider of supply chain finance solutions, has unveiled its 2024 Benchmark Report for Banks in Trade Finance. This comprehensive report is the result of a survey conducted among 169 supply chain finance professionals across 31 countries worldwide. Participants were queried on various aspects including the ramifications of global events, asset growth, governance, and technology.
22/04/2024
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FCI has released the preliminary world factoring statistics for 2023 indicating that the factoring and receivables finance Industry volume saw a modest uptick of +3.3 per cent in 2023, following a robust 18.3 per cent surge in 2022. The estimated volume of €3,781bn for 2023 represents a slower growth compared to the previous two years, influenced by geopolitical challenges impacting global trade dynamics.
22/04/2024
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Introduction
19/04/2024
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Economic twists and turns marked 2023 but the asset-based lending (ABL) market still saw growth in commitments of working capital, according to data released by the Secured Finance Network (SFNet). And while there were fewer new client deals last year than in 2022, the deals were larger in size.SFNet surveyed bank and non-bank asset based lenders on key indicators for the Annual Asset-Based Lending Industry Survey.
19/04/2024
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