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Supporting the rapidly growing B2B e-commerce space has been an integral part of Allianz Trade’s strategy for several years.
06/03/2024
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With more than 200 guests gathered at the National Palace of Queluz, the Portuguese Association of Leasing, Factoring and Renting, the association that represents specialised financing in Portugal, celebrated on Wednesday a journey that has gone hand in hand with the three products' support for the national economy over the last few decades.
06/03/2024
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Commenting on the Spring Budget and how the extension to the recovery loan scheme is a boost to businesses but a permanent one is better, Douglas Grant, Group CEO of Manx Financial Group, said:
06/03/2024
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Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that Landsbankinn in Iceland is benefitting from the seamless integration of Swift’s Transaction Screening Service (TSS) with CBA’s IBAS GBF - Global Banking Factory – which the bank uses to run its banking operations in payments and trade finance.
06/03/2024
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Lendscape, a leading technology provider for all forms of secured finance, has announced the appointment of Chris Coleman as Regional Commercial Director.Coleman brings extensive industry experience, having spent over fifteen years structuring complex Asset Based Lending (ABL) and invoice finance deals for RBS, Santander and Lloyds before moving into commercial financing technology. In his new capacity, he will drive business development initiatives and pursue new business opportunities with potential clients.
06/03/2024
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After serving as Secretary General of FCI for ten years, Peter Mulroy retired from his position on the 1st of March. During his time at FCI, Peter has overseen various initiatives and played a key role in the organisation's development. His leadership has contributed to the growth and success of FCI in the global factoring industry. Effective immediately, Neil Harm will be taking over the role of Secretary General.
05/03/2024
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Securitisation fundraising by small finance banks (SFBs) in India is anticipated to surpass Rs 10,000 crore (US$1.2bn) in FY2024, soaring from Rs 6,400 crore (US$810.24m) in FY2023, encompassing both pass-through certificate issuance and direct assignments, according to ICRA, a premier provider of valuation and information services to the Indian mutual fund industry.
05/03/2024
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The Board of Directors of the African Development Bank Group has approved a US$150m Trade Finance Unfunded Risk Participation Agreement facility between the African Development Bank and Trade & Development Bank (TDB).
05/03/2024
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In response to mounting concerns over lending practices in the small business sector, the UK Financial Conduct Authority (FCA) has announced an investigation into the issues raised by the Federation of Small Businesses (FSB). The move comes in the wake of a super-complaint filed by the FSB, highlighting the burdensome demand for personal guarantees by banks when issuing business loans, potentially hindering business growth.
05/03/2024
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Fundbox, an embedded working capital platform for small businesses, announces Ram Muthaiyan as the new Chief Risk & Product Officer.
05/03/2024
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DBT Capital, a Swedish SME lender, has secured SEK 285m (€25.3m) in funding with backing from the European Investment Fund (EIF).
05/03/2024
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“Institutional investors are becoming much more significant in the trade finance market,” Matt Wreford, CEO, Demica.
04/03/2024
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Sweden’s CapitalBox, the alternative financing specialist for SMEs in Europe, has announced the acquisition of Copenhagen-based Omniveta Finance’s business. Omniveta is an invoice-purchasing company dedicated to improving lending liquidity for SMEs across Denmark.
04/03/2024
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Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, has signed the first syndicated factoring deal in Egypt worth EGP 925m (US $29.9m) for Redcon Properties, the real estate development arm of Redcon Group.
04/03/2024
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IBSFINtech, a global treasury, risk, trade finance, and supply chain finance management company, has successfully secured a pre-series A round of $1.5 million. The financing, led by a group of distinguished High-Net-Worth Individuals (HNIs) from the USA and India, along with existing investors, represents a significant milestone for the company, showcasing investor confidence in its vision and capabilities.
04/03/2024
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