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The Foreign Trade Bank of Cambodia (FTB) has joined the Asian Development Bank’s (ADB) Trade and Supply Chain Finance Programme (TSCFP) to boost trade finance in Cambodia, especially for the country’s micro, small, and medium-sized enterprises (MSMEs).
08/02/2024
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UK Finance has today announced the appointment of Thierry d’Argent, CEO, Societe Generale UK; Saif Malik, CEO, UK, Standard Chartered; and Mickey Schiller, CEO, Leumi UK, to its Board, effective 8 February 2024.
08/02/2024
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Following several months of sustained growth, alternative finance lender, Time Finance, has announced a record lending book of £188.6m for the six months ending November 2023, representing a 23 per cent increase on the previous 12 months.
07/02/2024
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Supply chain financing platform Cashinvoice has raised US$3.4m (INR 28.2 crore) in a Series A funding round. The funding round was co-led by Accion Venture Lab, Pravega Ventures and HDFC Bank.
07/02/2024
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Finverity, the trade and supply chain finance digital ecosystem, today announced significant changes to its executive team, providing the company with operational excellence as it prepares for its next growth phase.
07/02/2024
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Surecomp today announced that Commerzbank AG, the leading trade finance bank in Germany, has chosen to deploy its DOKA-NG™ solution for back-office trade finance processing across multiple entities. The decision follows a lengthy evaluation, with the bank selecting Surecomp for its strong market position, extensive global customer community and commitment to driving collaborative and open API-based digital trade finance transformation.
07/02/2024
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Zurich Insurance Group has filed a counterclaim in London's High Court, alleging a 'conspiracy' involving financier Lex Greensill, steel magnate Sanjeev Gupta, and their companies, according to the Financial Times. The lawsuit, stemming from the collapse of Greensill Capital in 2021, centres on a US$400m credit insurance dispute.
06/02/2024
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Financial technology startup Micro Connect, with backing from prominent figures like Hong Kong property tycoon Adrian Cheng and billionaire Li Ka-shing, has secured a US$200m syndicated asset-backed loan with HSBC, including an initial funding support of US$50m from the latter. Founded in 2021 and headquartered in Hong Kong, Micro Connect facilitates global institutional investments in micro and small businesses across mainland China.
06/02/2024
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Finacity Corporation ("Finacity"), a White Oak company specialising in receivables financing and administration, achieved a significant milestone by surpassing a record US$200bn in annual flow of financed receivables. In 2023, Finacity successfully closed seven new transactions, totalling over US$1bn in new financing, and increased existing transactions by US$650m.
06/02/2024
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Featuring supply chain finance statistics, seven regional reports, supplier directories from 49 countries, plus incisive specialist articles, the World Supply Chain Finance Report 2024 is an essential point of reference for the world supply chain finance industry.
06/02/2024
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Westpac, a leading Australian bank, has opted for Dancerace, an advanced invoice finance and ABL operating system, to elevate its invoice finance system. This strategic move aligns with Westpac's commitment to operational simplicity.
05/02/2024
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Austrian entrepreneur Thorsten de Jong, who founded the startup Finyoz in May 2023, has recently introduced an online financing platform of the same name. This platform is specifically designed to unite private and institutional customers in the realm of factoring and invoice financing, providing an innovative solution to streamline financial processes for businesses.
05/02/2024
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Singaporean fintech firm Validus Group is strategically addressing SME financing challenges in the region using data analytics, AI, and supply-chain partnerships. The Group has its presence in Indonesia, Singapore, Thailand, and Vietnam, making it a key player in multiple markets.
05/02/2024
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Veefin Solutions, a prominent technology vendor specialising in Supply Chain Finance in India, has recently expanded its clientele by onboarding Metalbook, a comprehensive tech-enabled entity in the country's metal industry.
05/02/2024
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Global payments technology company, Mastercard and B2B commerce platform, Boost, have collaborated to provide digital payment wallets and embedded supply chain finance to empower and expand small businesses in the Fast-Moving Consumer Goods (FMCG) sector in Africa.
05/02/2024
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