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“The success story of Egypt will be replicated by most of the banks in MENA in the short term,” Doaa Hafez.
25/09/2023
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Citi Treasury and Trade Solutions (TTS) announces the creation and piloting of Citi Token Services for cash management and trade finance. The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities.
25/09/2023
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ThinCats, the leading alternative lender, has agreed a new warehouse facility with Citi and Barclays Bank PLC (“Barclays”) supported by a guarantee through the British Business Bank’s ENABLE Guarantee programme. This new facility supports lending of up to £696m for mid-sized smaller businesses in the UK, making it one of the largest, dedicated funding lines with a non-bank lender.
25/09/2023
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Asset manager Fasanara Capital has launched a fresh $1bn fintech fund to target the booming B2B eCommerce sector, with the help of trade credit insurer Allianz Trade.
25/09/2023
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Fleximize, multi-award-winning UK fintech lender, has secured £136 million in securitised funding from existing investor Goldman Sachs Asset Management and new lender Citi.
25/09/2023
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Trade Ledger has announced it will launch Aida, a working capital analysis, product matching, and product application tool, next year. Designed exclusively for SMBs, the new solution integrates Microsoft Azure OpenAI Service.
25/09/2023
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The year 2022 was a recovery year for New Zealand after numerous nationwide and regional lockdowns due to Covid-19 that had significantly impacted on business revenue, said Craig Brown, General
22/09/2023
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Atlantic Risk Management (Atlantic RMS) is announcing the release of their new book, ‘Asset Based Terms, Sectors & Dilutions’ - Essential definitions for ABL, ABS, trade and receivables financing professionals. Based on many years of industry experience and set to be released next week, this guide provides a summary of sectors and definitions of terms commonly used in the industry.
22/09/2023
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Time Finance, the alternative finance provider to more than 11,000 UK SMEs, has reached another milestone in its ambitious growth strategy, reporting an own book lending reaching a new high of £175m, an 18 per cent increase over the last 12 months.
22/09/2023
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Kyriba, a global leader of cloud-based finance solutions announced that the company will be working on providing its platform solutions and services to Royal Bank of Canada (RBC), supporting the bank’s ongoing innovation journey in supply chain finance (SCF) as the bank helps its business clients optimise their working capital and cash conversion.
22/09/2023
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Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank (the Company), has expanded its line of flexible working capital solutions for small to medium-sized businesses (SMBs) with the addition of purchase order (PO) financing as an add-on to the lender’s popular accounts receivable (AR) and asset-based loans (ABL).
21/09/2023
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Tipalti, a leading finance automation platform, announces the launch of a fully localised solution for the European market, along with a recently granted Electronic Money Institution (EMI) licence from De Nederlandsche Bank (DNB).
21/09/2023
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Bank ABC has announced the launch of ABC Trade, a digital cloud-based platform powered by Swiss market-leading technology provider Komgo SA offering clients an enriched product suite for documentary trade.
21/09/2023
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Time Finance is announcing the appointment of Mike Cavanagh (pictured) as Relationship Manager in its invoice finance.
21/09/2023
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The Electronic Trade Documents Act (ETDA) has come into force today.
20/09/2023
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