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“There will be incrementing changes every year,” Sean Edwards, Managing Director, Head of Legal - EMEA, Planning Department, Legal Group EMEA, SMBC International; Chairman, ITFA
26/03/2024
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The Ministry of Trade, Industry, and Energy has declared an unprecedented injection of KRW255tn (US$190bn) into trade insurance this year, marking a significant increase of KRW10tn from 2023, as per Pulse News Korea.
26/03/2024
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British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$100m finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development and addressing critical challenges such as food insecurity.
25/03/2024
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Time Finance, the alternative finance provider, has extended its block discounting facility with Cynergy Business Finance (CBF), the asset-based lending (ABL) arm of Cynergy Bank, now totalling £15m.
25/03/2024
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Malayan Insurance Co. Inc., a Philippine non-life insurance firm, has teamed up with Dutch Atradius Credito y Caucion S.A. de Seguros y Reaseguros, an international trade credit insurer, in a move aimed at greatly benefiting numerous local and international commercial enterprises.
25/03/2024
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Indonesian fintech Akulaku Group announced that it has secured US$100m in debt financing from HSBC Singapore.Akulaku aims to deepen its operational footprint in Southeast Asia, facilitating the launch of new financing products and enhancing services for the underbanked population.
25/03/2024
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Maybank, a financial services firm based in Malaysia, has entered a memorandum of understanding (MOU) with Singapore's Doxa Holdings International, a fintech company, to enhance supply chain financing solutions for players in the building and construction sector.
25/03/2024
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In 2022 the Danish economy grew by 3.8 per cent, roughly on a par with the EU, which reported an average increase in GDP of 3.5 per cent, reveals Christian Brandt, Director Finance and Leasing of the Association of Danish Finance Houses
23/03/2024
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The Ghana International Bank (GHIB) has committed to address the urgent trade needs across Sub-Saharan Africa.
22/03/2024
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On 21 and 22 March, FCI and The EU Federation for Factoring & Commercial Finance (EUF) hosted the 9th EU Factoring Summit in Vienna, Austria. This ninth Summit provided a unique opportunity for industry leaders to network and address topics that matter to the factoring industry. The programme addressed the latest updates and promoted the impact of the factoring and commercial finance industry in Europe.
22/03/2024
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“Our performance in 2023 is proof that even as change comes thicker and faster, we are able to tread the path between risk and opportunity. 2023 has been a year where we have grown our business and demonstrated the value of the products we offer as a means to navigate the rapidly evolving risk landscape. Indeed, we can only be certain of faster changes in the coming years. We see this as a time to ‘rethink business’.
22/03/2024
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Mr. Fausto Galmarini, a member of the Executive Committee of Assifact, the Italian Factoring Association, has been re-elected as Chairman of the EUF following a vote by the EUF’s Executive Committee, on 21 March 2024. His mandate takes effect immediately for a period of 2 years.
21/03/2024
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Invoicemart, India’s largest Trade Receivables Discounting System (TReDS) platform, has witnessed exponential growth in invoice financing volumes in the last years. The company has just announced it has reached the milestone of INR 10bn (US$120m) invoice financed on their platform, consolidating their first position in TReDS.
21/03/2024
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Following today’s interest rates news, James Burgess (pictured), head of commercial and insolvency expert at Atradius UK, says:“The tide has finally started to turn on the cost-of-living crisis, as inflation surpasses ONS forecasts to drop to its lowest level in two and a half years. This will be hugely promising news for homeowners and buyers reliant on fixed-rate mortgages, who have been the hardest hit by rising costs and had been hoping for interest rates to fall.
21/03/2024
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Australian invoice finance platform, Marmalade, has successfully raised AU$16m in a new funding round led by Blue Stamp Company. The new capital will be used for driving customer growth and further development of its working capital offerings for SMEs.
21/03/2024
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