|
Cashflows, the platform simplifying payment acceptance for businesses has launched Cashflows Advance – a new service that enables merchants to access frictionless funding without fixed monthly repayments.
27/11/2023
|
|
The European Banking Authority (EBA) today launched a public consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes. These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets.
24/11/2023
|
|
Funding Circle, the UK’s leading SME lending platform, and Atom bank, the UK’s first app-based bank, have announced a new lending partnership to provide up to c.£150m of funding to small businesses.
24/11/2023
|
|
Factoring services in Mauritius emerged in the late 1990s as a tool for facilitating trade transactions, which are a key driver of economic growth.
24/11/2023
|
|
Australia and New Zealand’s leading non-bank business lender ScotPac, and global financial services firm Ebury, have announced a new partnership aimed at making trading on a global scale faster and more accessible for all businesses.
24/11/2023
|
|
S&T Bank has announced that they have a hired Eric Huff as a new managing director of asset-based lending. Huff’s main responsibilities with the S&T Bank will be to support the development of the asset-based lending portfolio and the outgoing sales.
23/11/2023
|
|
UK Export Finance (UKEF) announces today at its annual conference that it is introducing more flexible, fast-track financing for small businesses – making it easier than ever for UK firms to sell in international markets.The export credit agency has expanded its ‘auto-inclusion’ scheme which provides fast-track access to trade finance products like the General Export Facility. This means that small businesses can now access more government-backed credit more quickly without manual intervention from UKEF.
23/11/2023
|
|
Nigerian digital trade-finance platform, FrontEdge, has raised US$10m in debt and equity funding to support cross-border trade and expand its operations across Nigeria, Kenya and other African countries. The new capital was provided through a funding round led by TLG Capital and including Flexport.TLG Capital declared that they are proud to support FrontEdge in its mission to help African SMEs to get access to finance.
23/11/2023
|
|
Following the Autumn Statement, Jonathan Andrew, CEO of Bibby Financial Services, commented on why the permanent adoption of full expensing on qualifying capital spending will give SMEs a huge boost in confidence.
22/11/2023
|
|
To support UK small businesses access finance, the SME working capital provider TRIVER has raised €22.9m new funds from the Luxembourg-based, Avellinia Capital. The deal will enable TRIVER to further develop its offer and to generate more than £200m of funding annually to cover small businesses short term finance needs.
22/11/2023
|
|
Hard-pressed retailers in Europe and the US need to find the right balance between sales and profits this holiday season, or face deteriorating credit risk.Retailers in many of the world’s biggest markets are pinning their hopes on holiday season sales, kicking off with Black Friday on 24 November. After three years of serious disruption, the sector is looking to the final weeks of 2023 to provide some much needed respite.
22/11/2023
|
|
DP World Trade Finance has partnered with UAE Trade Connect (UTC) to combat invoice fraud across the UAE and revolutionise trade finance locally.
22/11/2023
|
|
Coface releases its 9M-2023 financial results and records excellent income of €189.7m in the nine months amidst slowing inflation and claims normalisation.Turnover of first nine months:€1,418m, up 7.1 per cent at constant fx and perimeter and up 5.3 per cent on a reported basis.Trade credit insurance rose by +6.6 per cent at constant fx. In Q3-23, growth in client activity was negative as a result of falling inflation and economic slowdown, which both weighed on premiums. Commissions were up +10.2 per cent.
22/11/2023
|
|
At SCHUMANN Connect, Schumann’s London conference last week, it was said that underwriting in trade credit insurance is undergoing a transformation and that the demands for digitalisation from the market were urgent for the competitiveness of insurance companies.
21/11/2023
|
|
The European Bank for Reconstruction and Development (EBRD) announced that it is set to channel €100m in credit lines to six partner financial institutions (PFIs) for lending to youth-led micro, small, and medium-sized enterprises (MSMEs) over a five-year period.
21/11/2023
|