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Turkey’s fintech platform Faturalab and eBebek, a trailblazer in the mother and baby products industry, have partnered as part of a supply chain financing programme in collaboration with leading participation banks Albaraka Türk and Türkiye Finans. This agreement introduces innovation to supply chain operations, enhances financial services for eBebek's suppliers, and sets a benchmark for others in the sector.
02/04/2024
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The Commercial Bank of Ceylon (ComBank), based in Sri Lanka, has recently announced a new partnership with the International Finance Corporation (IFC) to enhance its supply chain financing (SCF) strategy, aimed at increasing lending to local SMEs.
02/04/2024
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In 2023, Brazil's fintech sector faces a significant challenge, with major players like Open Co and Nexoos experiencing a 60 per cent default rate on certain loans, according to The Rio Times. This rise in defaults has led to turmoil in the US$13.2bn FIDC market, pushing the delinquency rate up to 9.5 per cent from 3.5 per cent over six years.
02/04/2024
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IFC and DBS have signed a US$500m facility under IFC’s Global Trade Liquidity Programme (GTLP).
02/04/2024
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African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’ is one of Afreximbank’s digital offerings under the umbrella of the Africa Trade Gateway (ATG).
29/03/2024
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For banks and lenders, choosing and implementing the right software systems is difficult. Elliot Avison, CEO at Dancerace, reveals what are the key questions for technology transformation.
29/03/2024
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British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a US$100m finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development and addressing critical challenges such as food insecurity.
29/03/2024
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28/03/2024
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The following is issued on behalf of the Hong Kong Monetary Authority (HKMA):
28/03/2024
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Riverty and Adyen partner up to offer a 14-day invoice payment solution for Adyen’s customers in the DACH region. Central to this collaboration is Riverty’s commitment to addressing merchant needs, aiming to enhance the overall merchant experience and drive business growth.
28/03/2024
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The African Export-Import Bank (Afreximbank) has announced the successful completion of a first-of-its-kind India-focussed club deal for US$282m.Initiated for the exclusive participation of Indian lenders, and arranged by Bank of Africa UK PLC, the primary syndicated club deal saw participation from Indian lenders through their overseas branches and subsidiaries in the Dubai International Financial Centre in the United Arab Emirates, Singapore and Mauritius.
28/03/2024
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Just launched Lenvi's exclusive research on UK consumers' attitudes to borrowing in 2024 is now available to download.The report explores:
27/03/2024
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ITFA has opened for its members access to an industry framework for open account distribution. The Master Account Receivables Assignment Agreement (MARA) template was developed by HSBC in collaboration with law firm Dentons in London in 2018, and has been in use – with positive market feedback – since then.The move towards offering the template to a broader spectrum of market participants marks a significant step towards enhancing efficiency and consistency in the distribution of open account assets.
27/03/2024
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Arqit Quantum Inc. (Arqit), and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international supply chains. Vayana TradeXchange is a global marketplace facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license from the International Financial Services Authority in India (IFSCA). It is part of the Vayana Group which operates India’s largest regulated network for domestic supply chain finance.
27/03/2024
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The Africa Export-Import Bank (Afreximbank) has bid farewell to Peter Mulroy, the long serving Secretary General of FCI who has piloted the affairs of the global factoring body for the past 11 years, commending him for making Africa a priority by connecting the continent to the global factoring community.
27/03/2024
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