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US Bank to provide USD 1 mln grants to black-led CDFIs

News | Payments General | 13 Aug 2020

US Bank Community Development Corporation (USBCDC) has announced USD 1.15 million in grants to more than a dozen Black-led Community Development Financial Institution (CDFI) partners.

US Bank, grants, black-led, CDFI, USBCDC, US Bank Community Development Corporation, Community Development Financial Institution, COVID19, financial stress, black businesses, African American Alliance

Trade Finance Global submits BCR bid to enhance tech

News | Payments General | 20 Jul 2020

Financing platform Trade Finance Global has submitted a bid as part of Banking Competition Remedies (BCR) GBP 100 million Pool E, according to AltFi.

Trade Finance Global, BCR, financing platform, Banking Competition Remedies, Metro Bank, Nationwide, grants, Starling Bank, Coconut, Equifax

Starling Bank seeks GBP 35 mln in competition funding

News | Payments General | 03 Jul 2020

Starling Bank has planned to apply for grants worth up to GBP 35 million from an EU-backed competition fund that has already awarded it GBP 100 million.

Starling Bank, competition funding, grants, EU-backed competition fund, startup bank, BCR, Banking Competition Remedies, SMEs, small business market, alternative remedies fund, Royal Bank of Scotland, UK, United Kingdom, banking market, EU state aid rules

ITFC releases USD 15 mln to support SMEs in Bangladesh

News | E-invoicing, SCF & E-procurement | 12 Jun 2020

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing , coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic