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TradeSun, a leader in trade digitisation and increasingly a provider of technology for trade finance operations, has joined with Coriolis Technologies, a trade data and analytics provider, to launch an integrated solution for banks to measure and verify ESG performance in trade transactions.
04/08/2022
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Rosanne Doyle, Asset-based Lending and Factoring Product Manager, Solifi discusses the impact of an inflationary market on receivables finance and how technology can transform challenges created by inflation into opportunities in her article for the World Factoring Yearbook 2022.
04/08/2022
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High inflation is the number one biggest challenge facing small and medium sized businesses (SMEs) in the next 12 months as the overwhelming majority (88%) are set to be impacted by the cost of living crisis.
04/08/2022
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M1xchange in partnership with YES Bank and RBL Bank has announced that it has started testing the ‘Small-to-Small Factoring’ product under the Reserve Bank of India’s third cohort of the regulatory sandbox.
04/08/2022
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Chennai-based debt marketplace Yubi has announced its latest partnership with U GRO Capital, a new generation Lending-as-a-Service (LaaS) business that leverages technology to deliver last-mile credit to MSMEs in the country. The partnership will see the integration of Yubi Co.Lend and Yubi Flow with GRO–Xstream and GRO–Line platforms, respectively.
04/08/2022
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Lloyds Bank has signed a five-year commercial agreement with Satago (majority owned by TruFin) to use Satago’s software platform for its invoice finance customers. Satago’s platform offers both single invoice finance and whole-of-book finance.
03/08/2022
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Santander UK has provided a multi-million-pound funding package to Malvern-based Lucart Hygiene to support its growth in the ‘away from home’ tissue paper industry.
03/08/2022
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Bahrein has enhanced its position in the Gulf as a centre for digital finance services, with the launch of a supply chain finance (SCF) solution by the National Bank of Bahrain (NBB) in partnership with Cork Information Technology. The agreement was signed under the patronage of Zayed R. Alzayani, Bahrain’s Minister of Industry and Commerce and Chairman of the Council for the Development of SMEs.
03/08/2022
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Turkey’s factoring market, which grew 34 per cent in 2021 to TL 200bn (£9.2bn), rose by 66 per cent in the first three months of 2022 (year-on-year) to reach TL 69.5bn (£3.2bn). This extraordinary growth was to a large extent due to a 140 per cent increase in International factoring most of which was export factoring.
03/08/2022
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Italy’s recourse factoring sector is set to benefit from a new loan guarantee scheme (LGS) that has been approved by the EU Commission. The EUR 10bn scheme comes at a politically and economically sensitive time for Italy with a snap Election in September, and will be welcomed by the county’s business community.
02/08/2022
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