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BB includes consortia in the Open Finance ecosystem

News | Online & Mobile Banking | 03 Jan 2024

Central Bank of Brazil has introduced a new feature for their clients, allowing them to contract consortiums by debiting the value of the first instalment from accounts maintained at other financial institutions. 

mobile payments, online payments, online banking, Open Finance, financial institutions

Beltone Capital signs framework agreement with CRIF

News | Payments General | 09 Oct 2023

Investment bank Beltone has announced that its wholly-owned subsidiary Beltone Capital signed a framework agreement with CRIF to collaborate on data science and credit rating. 

online banking, insurance, credit scoring, ESG, investment, Open Banking

Rabobank partners in3 to launch the in3 Business product

News | Payments General | 09 Jun 2023

Netherlands-based Rabobank has partnered with financial services provider in3 to launch the in3 Business instalment payment solution.

partnership, instalment payments, payments , BNPL, product launch

Emerging markets present unique fraud challenges compared to mature regions

Voice of the Industry | Online Payments | 09 Mar 2022

Carlos Palma, Lead Product Manager at dLocal, shares the challenges of fraud detection in emerging markets. He recommends companies partnering with payment service providers to roll out strong fraud prevention technologies

fraud detection, fraud management, dLocal, online shopping, online payments, payment methods, local payment method, KYC, eKYC

European Bank for Reconstruction and Development to guarantee lending to SMEs by Raiffeisen Bank Albania

News | E-invoicing, SCF & E-procurement | 14 Sep 2020

The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, has partnered with Raiffeisen Bank Albania on a risk-sharing facility of EUR 50 million (USD 59.2 million).

European Bank for Reconstruction and Development, lending, SMEs, Raiffeisen Bank Albania

IFC raises trade finance limits to support firms amid COVID-19

News | E-invoicing, SCF & E-procurement | 24 Feb 2020

The International Finance Corporation has increased trade finance limits for Vietnamese banks to improve their capacity to cover SME payment risks after COVID-19 outbreak.

The International Finance Corporation, IFC, trade finance, payments risk, Vietnam, An Binh Commercial Joint Stock Bank, ABBank, Tien Phong Commercial Joint Stock Bank, Vietnam International Commercial Joint Stock Bank, Vietnam Prosperity Joint Stock Commercial Bank, Asia, APAC

AfDB signs USD 250 mln agreement with ABSA bank

News | E-invoicing, SCF & E-procurement | 19 Nov 2019

The African Development Bank (AfDB) has signed an unfunded USD 250-million Risk Participation Agreement (RPA) facility with ABSA bank.

The African Development Bank, AfDB, Absa Bank, Risk Participation Agreement, trade finance, African Issuing Banks, Africa, RPA programme, Africa Investment Form

IFFCO Singapore launches trade finance platform with dltledgers

News | E-invoicing, SCF & E-procurement | 05 Nov 2019

Agribusiness company IFFCO Singapore has launched its trade finance blockchain platform developed by blockchain company dltledgers.

IFFCO Singapore, dltledgers, partnership, Standard Chartered, blockchain, trade finance, trade finance platform, Singapore, Asia, APAC, agribusiness, digitized trade documents engine

Alipay parent Ant Financial partners with Bayer for agricultural blockchain

News | E-invoicing, SCF & E-procurement | 27 Sep 2019

Alipay operator Ant Financial has partnered with Bayer to sign a Letter of Intent to bring DLT traceability to food safety and agricultural supply chains.

Alipay, Ant Financial, Bayer, blockchain, supply chain finance, remittance, letter of intent, financing , food, agrigulture, DLT traceability, agricultural supply chain

First City Monument Bank Introduces commodity trade finance facility

News | E-invoicing, SCF & E-procurement | 06 Aug 2019

Nigeria-based First City Monument Bank has introduced an enhanced agro-commodity trade finance facility for agribusiness operators.

First City Monument Bank, Nigeria, product launch, commodity trade finance facility, trade finance, agro-commodity trade finance facility, agribusiness operators, Africa, B2B payments

AfDB, Natixis sign USD 50 mln agreement to boost trade finance in Africa

News | E-invoicing, SCF & E-procurement | 01 May 2019

The African Development Bank has signed a USD 50 mln risk participation agreement with investment and corporate bank Natixis.

The African Development Bank, Natixis, agreement, partnership, Africa, France, trade finance, investment bank

Libra Bank launches its first version of Open Banking

News | Payments General | 03 Apr 2019

Libra Internet Bank has launched its first version of internet banking for business using KEEZ concept.

Libra Bank, Open Banking, internet banking, KEEZ

China targets blockchain for commodities and trade finance

News | E-invoicing, SCF & E-procurement | 04 Mar 2019

China’s Ministry of Commerce and 12 other departments have issued a notice promoting the platform economy for the commodities sector.

China, Ministry of Commerce, platform economy, commodities sector, agribusiness, oil extraction, logistics, post-trade processes, trade finance

Hyperledger unveils supply chain blockchain project Grid

News | E-invoicing, SCF & E-procurement | 23 Jan 2019

Linux Foundation’s open source project Hyperledger has announced the launch of its latest enterprise blockchain project, Hyperledger Grid.

hyperledger, product launch, Linux Foundation

US agribusiness companies form blockchain consortium

News | E-invoicing, SCF & E-procurement | 26 Oct 2018

Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus have announced a collaboration to digitise global shipping transactions with blockchain and AI.

agribusiness, Archer Daniels Midland, Bunge, Cargill, Louis Dreyfus, e-procurement, supply chain finance, e-invoicing, financing , accounts payable automation

World Banks IFC funds BIND Banco to help Argentinian SMEs

News | E-invoicing, SCF & E-procurement | 21 Aug 2018

International Finance Corporation, a member of the World Bank Group, has announced it will provide USD 55 million to BIND Banco Industrial.

World Bank, International Finance Corporation, BIND Banco, Argentina, SMEs, lending, financing , local market, financing projects, agribusiness, infrastructure, renewable energy, manufacturing, financial intermediaries

International Finance Corporation offers USD 10 mln to Basisbank

News | E-invoicing, SCF & E-procurement | 09 Apr 2018

IFC, a member of the World Bank Group, has joined forces with Basisbank to boost access to working capital and trade finance for Georgia’s small and medium enterprises (SMEs).

International Finance Corporation, Basisbank, trade finance, working capital, Georgia, SMEs, cross-border trade

Olam secures funds for sustainable coffee work in Asia

News | E-invoicing, SCF & E-procurement | 06 Apr 2018

The agribusiness conglomerate Olam has secured a USD 163 million loan from two development banks.

Olam, funds, Asian Development Bank, Japan International Cooperation Agency, working capital, sustainability

Rasmala Trade Finance Fund crosses USD 250 mln

News | E-invoicing, SCF & E-procurement | 30 Mar 2018

Rasmala Group, the alternative investment group, has announced that the Rasmala Trade Finance Fund has crossed USD 250 million threshold in assets under management.

Rasmala Trade Finance Fund, lending, SMEs, working capital, investments, export finance

Saque e Pague, Diebold Nixdorf reveal Brazils first digital bank branch

News | Online & Mobile Banking | 07 Nov 2017

Saque e Pague has inked a deal with Diebold Nixdorf to transform the consumer experience with a new digital bank branch.

Saque e Pague, Diebold Nixdorf, Brazil, digital bank, online banking, digital secutiry