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Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organisations to better monitor and manage their impact.
17/04/2024
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Surecomp® has announced a strategic partnership with Cleareye.ai Inc., a leading provider of digital trade finance solutions providing automation of trade compliance and operations.Both firms are acutely aware of the challenges faced by their customers engaged in complex and time-consuming cross border trade. This is confounded by increasingly complex regulatory requirements such as the monitoring of trade-based money laundering (TBML) putting a strain on operational capacity and rising costs.
17/04/2024
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The Economic Secretary to the Treasury, Bim Afolami MP, has announced a new industry-led taskforce, to be chaired by the Centre for Finance, Innovation and Technology (CFIT), that will endeavour to unlock the full potential of Open Finance.
16/04/2024
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First National Bank (FNB) has introduced a system-based tool to help SMEs to easily access credit without the hassle of financial statement and documentations.
16/04/2024
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Africa is at the forefront of digital transformation, and the region's banking industry is a hotspot for innovative solutions to existing problems. Veefin, a global leader in Digital Lending & Supply Chain Finance, has partnered with Computech Limited, a major systems integrator in East Africa, to provide digital lending and supply chain financing solutions for financial institutions in the country.
16/04/2024
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Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation.
16/04/2024
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Citigroup appoints Shane Azzara as the successor to Shapleigh Smith as head of asset-based and transitional finance. Smith is set to retire in May, as reported by Bloomberg. Azzara, who has been with Citi for almost three decades and was promoted to managing director in 2017, has played a key role in guiding the ABTF team's restructuring and bankruptcy financing initiatives, as noted in an internal memo seen by Bloomberg.
16/04/2024
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Barclays spearheads Series B funding for Funding Xchange (FXE), a leading provider of white-label software designed for SME lenders.
16/04/2024
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Australian lender Bizcap is set to launch in the UK, aiming to empower small businesses by swiftly providing them with the necessary funds. Unlike traditional lenders, Bizcap's lending decisions are not solely based on conventional benchmarks like credit scores and existing debt.
16/04/2024
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The International Credit Insurance & Surety Association (ICISA) and the forum assembling Commercial and Non-commercial Risks Insurers and Reinsurers in Member Countries of the Organization of Islamic Cooperation (OIC) and of the Arab Investment and Export Credit Guarantee Corporation “Dhaman”, commonly known as AMAN UNION, are proud to announce a Joint Strategic Collaboration aimed at fostering mutual cooperation and knowledge sharing in the realm of trade an
16/04/2024
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Hectare, a leading UK provider of agricultural technology supply chain solutions, has unveiled Advance Pay, a groundbreaking embedded finance product aimed at providing arable farmers with immediate cash flow from their grain contracts at competitive market interest rates.
16/04/2024
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The Hedaya Capital Group provided a US$5m factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands.
15/04/2024
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Northleaf Capital Partners (Northleaf), a global private markets investment firm, today announced that it served as the lead arranger of a US$100m asset-backed second lien credit facility to Cutting Edge Group (CEG), an established investor in and manager of niche media music rights.
15/04/2024
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The Board of Directors of Alisa Bank Plc (Alisa Bank) and the shareholders of PURO Finance Ltd (PURO Finance) have agreed on the combination of the companies through a share exchange, upon the completion of which Alisa Bank acquires PURO Finance from the current shareholders of the company (Combination or Transaction).
15/04/2024
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London-based FinTech Satago and mmob, the universal API adaptor, have announced a new partnership, facilitating the integration of Satago’s Invoice Finance and Cash Flow solutions into lenders' and corporates' platforms. This collaboration streamlines the process, allowing for the embedding of Satago’s 3-in-1 Working Capital solution for SMEs through a single code snippet.
15/04/2024
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