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Global survey of 150 senior corporate treasurers reveals that the reversal of globalisation is the top concern for treasurers.
25/07/2022
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After reaching 10-year highs in 2020, the working capital of the S&P 1500 companies returned in 2021 to levels prior to the COVID-19 outbreak, as a recovery in the global economy led to a 20 percent increase in sales across the companies, resulting in a reduction in inventory. This was among the key findings in J.P. Morgan’s 2022 edition of the Working Capital Index report, published recently.
25/07/2022
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Following the recent launch of Tradeteq Access Lite, the first-ever marketplace in the secondary trading of trade finance assets for buy-side investors, reported by trfnews on 13th July: today Tradeteq is bringing out TRADA Tokens, the first-ever fully regulated, trade finance-backed fungible security tokens, i
25/07/2022
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The Indian state finance corporation, NITI Aayog, said in its recent report on digital banking that the Trade Receivables Discounting System (TReDs) launched by the Reserve Bank of India (RBI) in 2017 is so far failing to succeed. “The bill of discounting platforms have failed to take off and create meaningful volumes on invoice discounting,” the report, proposing licensing and regulatory framework for digital banks, says.
25/07/2022
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The Board of Directors of the African Development Bank Group has approved a €50m (£42.6m) unfunded risk-sharing facility partnership with Societe Generale to further support trade finance activities across Africa.
25/07/2022
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Peru’s Ministry of Production (Produce) reported on Friday that in the first six months of this year a total of 12,080 companies negotiated 13bn soles (£2.8 bn) of invoices to access working capital financing.
25/07/2022
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Channel, an alternative investment fund manager, is launching its new fintech branch, Channel Digital Europe based in the Netherlands. The mission of the company is to break down barriers to business with fast, fluid finance. By combining advanced analytics such as machine learning with a rich set of traditional and alternative data, the company can respond to the rapidly growing demand for a seamless digital SME lending experience.
22/07/2022
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Tangelo, Latin American financial technology company specialising in alternative credit, announces that it made its first disbursement of the approved credit in 2020 with the US Development Finance Corporation (DFC). This disbursement amounts to $10.2m (£8.5m) and is guaranteed by Tangelo's accounts receivables. The purpose of the loan is to finance SMEs in Mexico and support their economic development.
21/07/2022
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U.S. companies will have to disclose the terms and the size of their supply-chain financing programmes under a new rule from the Financial Accounting Standards Board, which was approved on Wednesday, the Wall Street Journal (WSJ) reports. Previously such disclosure was not required.
21/07/2022
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Sumitomo Mitsui Banking Corporation (SMBC) has announced the appointment of Priya Bellino as Head of ESG Solutions in Asia Pacific, effective 18 July 2022.
21/07/2022
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