|
Standard Chartered Americas today announced that it has entered a trade finance partnership with Truist Bank that will enhance Truist clients’ ability to conduct global business.
20/09/2023
|
|
Douglas Grant (pictured), Group CEO of Manx Financial Group PLC, comments on the fall of CPI inflation and its impact on SME finance.
20/09/2023
|
|
Surecomp has announced that its RIVO™ solution is enabling unified electronic Bills of Lading (eBL) processing across various issuers, having successfully completed multiple ownership changes of a transaction between German corporates MAN and Voith.
20/09/2023
|
|
Finastra today announced a multi-year global agreement with Microsoft focused on trade platform modernisation, building on the existing availability of Finastra Trade Innovation in the cloud.
20/09/2023
|
|
Crédit Agricole CIB has appointed Yves-Marie Gayet as Global Head of International Trade and Transaction Banking as of September 18, 2023. He replaces Laurent Chenain, who was appointed Head of the Corporate & Leveraged Finance department at the beginning of June. Yves-Marie Gayet reports to JeanFrançois Balaÿ, Deputy Managing Director of Crédit Agricole CIB, and joins the Bank's Management Committee.
19/09/2023
|
|
As part of the joint effort, announced in Toronto at the annual Sibosconference, Visa will deploy capabilities developed by Swift that can help increase the speed and certainty of cross-border money movement. This includes Swift Payment Pre-validation to enable upfront checks of Visa B2B Connect payments, reducing unnecessary delays by catching potential errors before the payment is initiated.
19/09/2023
|
|
As part of a multi-year effort to transform trade finance, Bank of America is launching CashPro Supply Chain Solutions, a platform that will offer participants in a supply chain the benefits of digitisation with improved process efficiency and working capital optimisation. CashPro is the banking platform used by more than 40,000 business clients to manage their treasury and trade operations.
19/09/2023
|
|
Lending to India’s micro, small and medium enterprises (MSMEs) is soaring and is increasing well beyond market expectations. According to financialexpress.com India’s public sector financial institutions are rapidly expanding their lending to this sector, to the extent that their lending this year is well ahead of what they had anticipated. The banks SIDBI and SBI are on track to lend nearly Rs 1tn by the end of the current financial year.
19/09/2023
|
|
HSBC today announced the launch of HSBC TradePay, an industry first, document free trade finance solution that enables clients to instantly drawdown trade loans and pay suppliers.
19/09/2023
|
|
Lloyds Banking Group has invested €3m in technology company Enigio to expand its use of digital documentation in trade.
18/09/2023
|
|
Citi has announced the acquisition of its Bridge built by Citi® platform (“Bridge”) by Foro Holdings, Inc. (“Foro”), a Charlotte-based commercial lending services provider. As part of the transaction, Citi contributed Bridge to Foro and joined Foro’s investors, including TTV Capital (TTV), US Bank and Correlation Ventures in an additional capital investment in Foro to support the continued growth of the business.
18/09/2023
|
|
HSBC today announced that their popular mobile Trade Transaction Tracker is now available to Financial Institution (FI) customers.
18/09/2023
|
|
The Dutch economy bounced back shortly after the COVID-19 crisis in early 2022, but the war in Ukraine caused disruptions in the economy again, including extra pressure on inflation, said Rudy Plugers, Head of Risk, Bibby Financial Services B.V.
15/09/2023
|
|
IIFL Fintech Fund, part of IIFL Group, has invested INR 25 crore (US$3m) for a 51 per cent stake in a supply-chain finance platform, Xtracap Fintech, according to a release of Money Control.
15/09/2023
|
|
Following the ADB report released last week, Sinan Ozcan, the Senior Executive Officer of DP World Financial Services, has provided valuable insights into the implications of the widening trade finance gap:
15/09/2023
|