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Finacity Corporation (Finacity) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank (DZ BANK) announce that they have successfully launched a trade receivables securitisation for Audacy, Inc. (Audacy), a New York Stock Exchange listed company headquartered in Philadelphia, PA.
16/07/2021
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Today, China Construction Bank (Malaysia) Berhad and China Construction Bank Corporation Labuan Branch (hereinafter collectively referred to as “CCB Malaysia”) have signed a Memorandum of Understanding (“MoU”) with SealNet Sdn Bhd (“SealNet”),
16/07/2021
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According to the second iwoca's SME index, which covers a four-week period in May, it was found that over a third (38%) of brokers had submitted more lending applications for unsecured finance compared to the four weeks prior to that, suggesting that SMEs are increasingly using credit to support their growth and recovery.
15/07/2021
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TXT Working Capital Solutions, a fintech operator active in the specific segment of supply chain finance (SCF) and part of the TXT Group, is pleased to announce that Banca UBAE has joined the Polaris platform as a financial partner.
15/07/2021
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Singapore-based start-up Tinvio announced today that it has raised $12m in Series A in order to build a B2B transaction platform. The round was led by AppWorks Ventures and was attended by strategic investor MUFG Innovation Partners (MUIP).
15/07/2021
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The factoring markets of the world’s major factoring regions showed many differences between each other in 2020, with markets in the Americas suffering the most from the pandemic, usually showing a decline in factoring volume of well over 10 per cent, while countries in Europe and Asia generally showed much lower decreases in volume and sometimes even growth.
14/07/2021
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Norwegian software vendor Commercial Banking Applications (CBA), today announced that it has shipped the latest annual release of its IBAS GBF - Global Banking Factory software to all customers over three months ahead of schedule, allowing additional time for testing in advance of the upcoming cutover to SWIFT Release 2021 in November this year.
14/07/2021
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Velotrade, a Hong Kong-headquartered trade financier, has secured funding and partnership with Vynn Capital, a Southeast Asia-focused venture capital firm. Launched in 2017, Velotrade operates a digital platform that matches corporates in need of working capital with institutional investors willing to advance funds.
13/07/2021
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I have written and spoken extensively about the need to have a plan to successfully regroup and re-onboard your factoring firms’ employees, as we embark on your journey as an industry in the post COVID-19 “new normal” era. As I have documented several times, recent studies (including a comprehensive one by McKinsey & Co.) indicate that a large number of firms still lack a written plan to reorganize their SME and if this is indeed the case, this does not bode well financially or culture wise in those enterprises.
13/07/2021
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The need for setting up International Financial Services Centres in India was felt in the mid-2000s.
13/07/2021
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