|
Australian Security and Investment Commission (ASIC) announced the combined notice of administrator appointment and the first meeting of creditors for Apricity Finance Group Pty Ltd, who were placed into administration at the end of March this year. The named administrator is Darren John Vardy.
11/04/2023
|
|
Secure Trust Bank Commercial Finance, a leading UK asset-based lending provider, has bolstered its management team with the appointment of Dominic Castle (pictured) as Regional Managing Director for Yorkshire and the North East.
11/04/2023
|
|
Allianz Trade releases today its Global Insolvency Report and reviewed its forecasts of business insolvencies for 2023 and 2024. According to the world’s leading trade credit insurer, after a small rebound in 2022 (+2 per cent), global insolvencies are set to bounce by +21 per cent in 2023 and +4 per cent in 2024. How do we explain this increase, and will it be sufficient to reach pre-pandemic levels soon?
11/04/2023
|
|
Singapore-headquartered actyv.ai, a category creator in the enterprise SaaS with embedded finance space announced a strategic partnership with PwC India. The alliance will focus on leveraging PwC India’s expertise in supply chain transformation and using the power of artificial intelligence to drive growth opportunities while providing access to embedded financial and insurance products.
11/04/2023
|
|
Digital supply chain finance platform Cashinvoice has announced the collaboration with Hero Fincorp to address the growing liquidity needs MSMEs in India. The partnership will benefit from Hero Fincorp's strong financial resources and Cashinvoice's platform and will offer supply chain finance programmes for vendor ecosystems and small businesses in India.
11/04/2023
|
|
TriLinc Global Impact Fund, LLC (TGIF) announced yesterday that it recently acquired US$8,383,423 of participations in two trade finance facilities and one term loan facility, bringing total financing commitments as of February 28, 2023 to approximately US$398.5m for business expansions and socioeconomic developments through its holdings in Sub-Saharan Africa, Latin America, Southeast Asia, and Emerging Europe.
11/04/2023
|
|
06/04/2023
|
|
Continuation from Part 1What are the main types of machine learning models?
06/04/2023
|
|
Allianz Trade in Asia Pacific has announced its venture into the rapidly growing B2B e-commerce space and has secured the first partnership with Singapore-based B2B Buy-Now-Pay-Later (BNPL) player Bueno.money. Through the credit insurer’s innovative credit solution E-commerce Credit Insurance, Bueno.money is able to offer deferred payment solution to e-merchants in real-time with credit risks protected.
06/04/2023
|
|
The European Bank for Reconstruction and Development (EBRD) is providing Türkiye’s Tam Finans Factoring A.S. with a €10m factoring facility under its Trade Facilitation Programme (TFP), targeting small and medium-sized enterprises (SMEs).Building on the bank’s current cooperation with Tam Finans, the facility will expand the company’s portfolio by providing funding to SMEs for domestic and international factoring transactions.
05/04/2023
|
|
The Consumer Financial Protection Bureau (CFPB) has finalised the rule to implement changes made by Section 1071 of the Dodd-Frank Act that requires lenders to collect and report information about small business credit applications. The final rule will not cover factors, a major win for International Factoring Association (IFA) and American Factoring Association (AFA) members.
05/04/2023
|
|
The UK Chancellor has announced a £10bn increase in UKEF’s capacity to support UK exporters.UK Export Finance has been granted an extra £10bn of capacity to drive more UK exports, raising its maximum exposure limit from £50 billion to £60bn.
05/04/2023
|
|
Mitsubishi HC Capital America – and its subsidiary, Mitsubishi HC Capital Canada – along with Mitsubishi HC Capital (U.S.A.) and ENGS Commercial Finance merged to create the largest non-bank, non-captive finance provider throughout North America with more than US$7.5bn in owned and managed assets on April 1.
05/04/2023
|
|
With over 22 years of experience as an NPL purchaser and servicer, 18 operating hubs, and 2000 employees, Europa Factor is a major player in the Italian market, known for its fair, customer-centric approach and social responsibility focus. To date, the company has managed more than 20 million customer cases and purchased 370 NPE portfolios in the unsecured credit market. Recently, Europa Factor extended its operations to the banking NPL sector through Credit Factor, a joint venture with IBL Banca.
04/04/2023
|
|
Lloyds Bank and Enigio have launched a new long-term partnership to support greater use of digital documentation in trade finance through the use of blockchain technology.
04/04/2023
|