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PrimeRevenue secures US patent for SCF enhancement

E-invoicing, SCF & E-procurement | 08 Jul 2020 12:16 CET | United States

US-based SCF platform provider PrimeRevenue has received a US patent titled ‘Supply Chain Finance System’ to enhance its digital financing offering.

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Standard Chartered joins IBOS Association

E-invoicing, SCF & E-procurement | 08 Jul 2020 11:20 CET | World

Standard Chartered has joined IBOS Association (IBOS), an international banking network.

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Lendio provides USD 8 bln in PPP loans to small businesses

E-invoicing, SCF & E-procurement | 03 Jul 2020 12:56 CET | United States

Online lending platform Lendio has facilitated USD 8 billion in Paycheck Protection Program (PPP) loans for 100,000 small businesses to date.

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CDC, Societe Generale partner to boost African trade

E-invoicing, SCF & E-procurement | 02 Jul 2020 11:31 CET | Africa

UK-based impact investor CDC Group has closed a USD 100 million trade finance risk sharing facility with Societe Generale.

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IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

E-invoicing, SCF & E-procurement | 02 Jul 2020 11:23 CET | World

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic....

Automation to drive use of electronic payments by businesses, MineralTree report

E-invoicing, SCF & E-procurement | 02 Jul 2020 11:01 CET | World

The use of electronic payment methods continues to accelerate, with companies automating their AP processes, according to MineralTree....

Surecomp unveils trade Finance-as-a-Service for trade finance management

E-invoicing, SCF & E-procurement | 02 Jul 2020 10:56 CET | United States

Surecomp, a global trade finance and treasury solutions for banks and corporations, has launched its Trade Finance-as-a-Service (TFaaS) suite....

Société Générale to acquire challenger bank Shine

E-invoicing, SCF & E-procurement | 01 Jul 2020 14:13 CET | France

Société Générale has announced acquiring France-based startup Shine for around EUR 100 million in an all-cash deal.

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Tradeshift launches 'Partner Next'

E-invoicing, SCF & E-procurement | 01 Jul 2020 13:46 CET | World

Tradeshift has unveiled ‘Partner Next’, a partner program, designed to provide new and existing partners with a full range of tools, support, and collaboration opportunities.

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Oxbury, ClearBank partner to provide banking solutions to British farmers

E-invoicing, SCF & E-procurement | 01 Jul 2020 11:18 CET | United Kingdom

UK-based fintech Oxbury has selected ClearBank’s cloud-based banking platform to gain full access to the UK payment schemes.

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Alternative lender Capital on Tap expands to Spain using Marqeta API-powered platform

E-invoicing, SCF & E-procurement | 01 Jul 2020 08:46 CET | Spain

Marqeta, the global card issuing platform, has announced it has helped UK-based Capital on Tap to expand its small business credit lending services to Spain.

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MYbank unveils five-year plan to reach more SMEs across China via SCF and rural lending

E-invoicing, SCF & E-procurement | 30 Jun 2020 12:04 CET | China

MYbank, the online private commercial bank under Ant Group, has announced a five-year plan to reach more small and micro enterprises (SMEs) across China via supply chain finance and rural lending.

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Amex commits USD 200 mln small businesses hit by the pandemic

E-invoicing, SCF & E-procurement | 30 Jun 2020 09:26 CET | Australia, Canada, United Kingdom, United States

American Express has committed USD 200 million to help small merchants recover from the impact of the COVID-19 lockdown.

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The final revisions to the Volcker Rule are completed

E-invoicing, SCF & E-procurement | 30 Jun 2020 09:22 CET | World

Five federal financial regulatory agencies have published the Final Revisions to the Volcker Rule which revise certain aspects of the Volcker Rule.

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Trade Ledger, Equifax partner to transform SME credit scoring

E-invoicing, SCF & E-procurement | 29 Jun 2020 13:22 CET | United Kingdom

UK-based banking platform Trade Ledger and information solutions company Equifax have partnered to bid for the BCR Capability and Innovation fund (CIF).

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Billtrust updates its B2B payments platform

E-invoicing, SCF & E-procurement | 26 Jun 2020 14:03 CET | United States

US-based B2B payments solution provider Billtrust has added new functionalities on its Payments platform to help customers as global pandemic continues.

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Hub71 teams up with two UAE banks

E-invoicing, SCF & E-procurement | 26 Jun 2020 11:08 CET | United Arab Emirates

Hub71, a global tech ecosystem, has joined forces with Mashreq Bank and First Abu Dhabi Bank (FAB) to fix the problems faced by startups while opening a UAE bank account.

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BCR extends the deadline for The Incentivised Switching Scheme

E-invoicing, SCF & E-procurement | 25 Jun 2020 13:54 CET | United Kingdom

Banking Competition Remedies (BCR) has extended the deadline on its EUR 249 million scheme to switch business current accounts away from RBS subsidiary Williams & Glyn.

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Arvest Bank selects trade finance platform EXIM STAR from Finzly

E-invoicing, SCF & E-procurement | 25 Jun 2020 09:15 CET | United States

Arvest Bank has selected Finzly's EXIM STAR solution to support trade finance processes and introduce a new online portal for its customers....

Previse approved for accreditation under the CBILS scheme

E-invoicing, SCF & E-procurement | 24 Jun 2020 13:35 CET | United Kingdom

Previse, a UK fintech, has been approved for accreditation by the British Business Bank under the CBILS scheme.

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Raiffeisenbank and Slavneft cooperate using NSD's Transit 2.0

E-invoicing, SCF & E-procurement | 24 Jun 2020 13:17 CET | Russian Federation

Raiffeisenbank and Slavneft, a Russia-based oil and gas company, have begun cooperation using the Transit 2.0 financial message exchange platform run by National Settlement Depository (NSD).

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US Bank implements new payment system for carriers

E-invoicing, SCF & E-procurement | 24 Jun 2020 13:10 CET | United States

US Bank, a payments processor and lender to the trucking industry, has rolled out a tool that will allow a carrier to choose which specific invoices get paid early and which ones do not.

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SoftBank-backed Greensill buys Colombia fintech

E-invoicing, SCF & E-procurement | 24 Jun 2020 09:27 CET | Latin America

SoftBank-Backed Greensill Capital, a company that helps businesses fund their operations, has announced it is acquiring Colombia-based Omni Latam to speed up growth in Latin America....

1pm announces that lending under the CBILS is now live

E-invoicing, SCF & E-procurement | 23 Jun 2020 13:05 CET | United Kingdom

1pm, the independent provider of finance facilities to UK SMEs, through its wholly-owned subsidiary, Onepm Finance, has announced that lending under the Coronavirus Business Interruption Loan Scheme (CBILS) is now live.

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InvoiceFair facilitates EUR 30 mln of PPE orders

E-invoicing, SCF & E-procurement | 22 Jun 2020 15:05 CET | Ireland

InvoiceFair, an Ireland-based trading system, has facilitated the funding of more than EUR 30 million of personal protective equipment (PPE) orders in recent months.

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E-invoicing, supply chain invoicing