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The International Factoring Association (IFA) announced the addition of four members to its Advisory Board who will serve a two-year term.
21/06/2023
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Americanas, the Brazilian retailer that filed for bankruptcy in New York in January this year, has now admitted that some of its former executives were involved in fraudulent financial statements that masked massively growing indebtedness totaling more than USD 4bn.
20/06/2023
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The FT reported today that US private finance group White Oak, which is a global alternative asset manager specialising in financing solutions for small and medium enterprises, is suing Marsh for $143mn over information it failed to pass on regarding problems with the collapsed supply-chain finance firm Greensill. Marsh was Greensill’s commercial insurance broker, responsible for finding cover for the finance group against non-payment.
20/06/2023
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Newgen Software, a global provider of low code digital transformation platform, announced that RAKBANK, a leading financial institution in the UAE market, has selected Newgen's Trade and Supply Chain Finance (SCF) solution for digitising and optimising its end-to-end business finance processes.
20/06/2023
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JPMorgan has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday, according to Reuters.
20/06/2023
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B2B payment solutions provider Hokodo has announced the acquisition of a Lithuanian payments business, making it the first and, currently, only B2B Buy Now, Pay Later (BNPL) provider with a payments license.
19/06/2023
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The African Export-Import Bank (Afreximbank) has launched in Accra its wholly owned insurance management services subsidiary, AFREXInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.
19/06/2023
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Time Finance has announced the appointment of Leann Warburton (pictured) as Business Development Manager in its Southern Invoice Finance team.
19/06/2023
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ScotPac – the largest non-bank business lender in Australia and New Zealand – has partnered with Dancerace to deliver the next step in its ambitious technology transformation programme. The move will see ScotPac adopt Dancerace’s c3 Backoffice Control, f3 Client Onboarding and e3 Client Access systems for its core operations, consolidating its existing invoice finance systems into the Dancerace software platform.
19/06/2023
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Alliance Bank Malaysia Berhad (Alliance Bank) has extended its partnership with Credit Guarantee Corporation Malaysia Berhad (CGC) to launch an additional series of new Portfolio Guarantee schemes with a combined allocation of MYR 1bn (US$0.22bn) in financing over the next one year to help MSMEs accelerate their growth with access to capital expenditure and working capital.
16/06/2023
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RBB Bancorp (RBB) has announced the appointment of Johnny Lee as President and Chief Banking Officer of Royal Business Bank and RBB Bancorp. With an impressive 33 years of banking experience, Mr. Lee brings a wealth of knowledge in strategic planning, bank administration, branch management, commercial banking, and risk management.
16/06/2023
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BCR Publishing is happy to welcome Elliot Avison as new Editorial Board Member of trfnews.
16/06/2023
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The European Investment Fund (EIF), part of the EIB Group, is providing two guarantees totalling €50m to illimity Bank to improve access to finance small and medium-sized businesses (SMEs) in Italy. These SMEs primarily focus on sustainability, innovation and digitalisation. The EIF transactions are backed by the InvestEU programme.
15/06/2023
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In order to accelerate its growth plans and strengthen the presence in the Philippines market, Singaporean fintech and SCF provider Pilon, announced today that it has successfully secured a new funding round from Philippines-based investment company, Kaya Founders. This new funding will be used to help local businesses to get access to cash flow solutions and allow Pilon to further develop in the Philippines.
15/06/2023
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R3, the enterprise distributed ledger technology (DLT) and services firm, today announced the next generation of its flagship platform Corda at its hosted event in New York. The updated version has been designed for global financial market infrastructure providers and central banks to enable applications to interoperate seamlessly and securely across other open enterprise DLT networks.
15/06/2023
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