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Standard Chartered Bank has embarked on a sustainability-linked supplier finance programme with PVH Corp. Under this new sustainability-linked facility, PVH’s suppliers will have their day-to-day operations benchmarked against PVH’s environmental & sustainability performance metrics. Suppliers who meet the standards will qualify for discounted financing. In addition to environmental targets, PVH’s metrics will encompass social elements, including a healthy and safe working environment, and employment issues, such as forced labor, child labor, and harassment and abuse.
28/04/2023
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Pulse Cashflow Finance have strengthened their sales team with the appointment of Tatum Gurr into a newly created role of Business Development Executive.
28/04/2023
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IDB Invest will provide a reverse factoring facility of up to US$10m to the suppliers of Tiendas TIA, one of the main supermarket chains in Ecuador.
27/04/2023
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IFC, a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, has established a presence in Malaysia to support the country's efforts to foster greater sustainable, resilient, and inclusive economic growth.
27/04/2023
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There was solid growth in commitments and outstandings in the asset-based lending (ABL) market last year and portfolio performance was strong, according to data released by the Secured Finance Network (SFNet). The factoring industry proved similarly resilient in a challenging economy and began 2023 on a positive note.
27/04/2023
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Accord Financial Corp., one of North America’s leading independent commercial finance companies (Accord) is now offering Canadian companies a new way to obtain accounts receivables financing through the AccordExpress Factoring Portal.
26/04/2023
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Close Brothers has announced that Matthew Roper, CEO of Invoice & Speciality Finance, has been nominated as CEO of the commercial business, from 1st August (subject to regulatory approval). He will replace the actual CEO, Neil Davies who will move to a new role as Managing Director - New Opportunities.
26/04/2023
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Vitor Graça (pictured), Editorial Board Member of trfnews and Secretary-General of the Portuguese Leasing, Factoring and Renting Association (ALF), discusses about the digital age of factoring and how the product was evolving based on technological developments.
26/04/2023
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Based in TradeSun’s Canada hub, Janna Baer moves to her new role from Director of Customer Success and Product, whereby she led TradeSun’s customer success team, overseeing product evolution to align with market demands.
26/04/2023
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Allianz Trade, the world leader in trade credit insurance, has reached an agreement to sell its Russian business to a trusted team of local managers currently employed by Euler Hermes Russia. The completion of the transaction remains subject to regulatory approvals.
26/04/2023
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Channel entered into a new US$75m credit facility with Truist. The US$75m commitment provides financing for both working capital and equipment finance originations.
25/04/2023
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In order to diversify its products, Godrej Capital, the non-banking financial company (NBFC) of the Godrej Group, is planning to offer micro credit and supply chain finance (SCF), according to Manish Shah, MD and CEO of the company.
25/04/2023
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New data from Time Finance has shown the growing popularity of invoice finance amongst the B2B community, with demand predicted to rise throughout the year as SMEs set out to stabilise their finances.
24/04/2023
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On 20 and 21 April, EUF & FCI hosted the 8th EU Factoring Summit in Cologne, Germany. This eighth Summit provided a unique opportunity for Industry Leaders to network and address topics that matter to the Factoring Industry. The programme addressed the latest updates and promoted the impact of the Factoring and Commercial Finance Industry in Europe.
24/04/2023
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In the lead-up to RFIx23, Michael Bickers speaks with Professor Edward I. Altman, Director of Research, Credit and Debt Markets, NYU Salomon Centre for the Study of Financial Institutions, about how problematic global zombies are for economies, how governments are viewing these businesses, as well as the outlook for lenders and forecasts of default rates following the pandemic.
24/04/2023
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