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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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In a strategic move to fortify its financial position, Kinetik Holdings Inc. has secured a substantial accounts receivables securitisation facility (A/R Facility) totalling US$150m from PNC Bank. The facility, maturing in April 2025 with provisions for ongoing renewal, underscores Kinetik's commitment to optimising its capital structure and enhancing liquidity.
08/04/2024
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Allianz Trade has released its latest report on global Days Sales Outstanding (DSO) and Working Capital Requirements (WCR). In this piece, the world’s leading trade credit insurer takes a look at how payment terms and corporate financing needs evolved in 2023, with a global, regional and sectorial approach.
08/04/2024
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PowerPay, a leading US fintech company specialising in real-time lending and payment solutions for contractors and physicians announced the closing of their inaugural securitisation obtained by home improvement and elective medical loans and a 144A transaction rated by KBRA, credit rating analysis agency.
08/04/2024
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On April 3, 2024, a notable shift occurred in the fintech sphere as Tat Yeen Yap bid farewell to his role at MonetaGo. Yap's journey with MonetaGo commenced in December 2020, fuelled by a shared vision to tackle pressing industry challenges, both in Singapore and on a global scale.
08/04/2024
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Introduction
05/04/2024
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Finacity Corporation (Finacity), a White Oak company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitisation for Votorantim Cimentos North America Inc. (VCNA).The transaction allows for up to US$250m in funding of the senior tranche through the securitisation of VCNA’s U.S. and Canadian receivables. Finacity served as structuring agent and coordinating the renewal process on behalf of the company. Finacity serves as the ongoing Administrator and provider of reporting services for the program.
05/04/2024
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Optimum Finance has appointed Ross Stephenson as Senior Relationship Manager (RM) to further drive new business growth and provide support to an experienced and growing relationship management team. Ross joins the team with almost 20 years’ experience in financial services, primarily in invoice finance and including four years in corporate banking with the Royal Bank of Scotland and Barclays. A former serviceman, Ross also completed a six-month NATO peacekeeping tour of Kosovo.
05/04/2024
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The International Accounting Standards Board (IASB) has recently published for public comment the Addendum to the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard, which supplements the exposure draft published in September 2022.
04/04/2024
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Synovus has launched Accelerate™ Pay, a new payment solution that enables commercial banking clients to initiate account payable payments in several different payment types while minimizing the use of checks. The solution offers payees the freedom to choose how they want to get paid, with check payments and e-checks still an option.
04/04/2024
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