Articles with tag: guarantees

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Banks report an increased use of COVID-19 moratoria and public guarantees

News | Payments General | 23 Nov 2020

The European Banking Authority (EBA) has published a first assessment of the use of COVID-19 moratoria and public guarantees across the EU banking sector.

COVID-19, loans, banks, EBA, moratoria, public guarantees, loan repayments, public guarantee schemes, fiscal measures

IFC, Union Bank to boost access to trade finance in Nigeria

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

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business and enable increased international trade for Nigeria.

Nigeria, IFC, Union Bank, trade finance, Covid 19, financing, SMEs, letters of credit, trade-related promissory notes, guarantees, bonds, advance payment guarantees

essDOCS teams up with Infosys Finacle

News | E-invoicing, SCF & E-procurement | 09 Jul 2020

essDOCS, an enabler of paperless trade, has partnered with Infosys Finacle, part of EdgeVerve Systems, for driving automation in Trade finance processes though Distributed Ledger Technology (DLT). 

essDOCS, partnership, Infosys Finacle, blockchain, technology, finance, EdgeVerve System, Distributed Ledger Technology, DLT, CargoDocs DocEx, Finacle Trade Connect, transactions, Letters of Credit, LCs, Documentary Collections, Guarantees, banks, data

RBI fines 19 lenders for non-compliance on SWIFT use

News | Online & Mobile Banking | 06 Mar 2019

India’s central bank has fined at least 19 lenders for failing to comply with its guidelines on the use of global payments network SWIFT.

RBI, India, lenders, compliance, SWIFT, ICICI Bank, State Bank, banks, penalties, loan fraud, credit guarantees, regulations, payments, interbank, banking, fines, financial system

Standard Chartered to pilot DLT-based smart guarantees in trade finance

News | E-invoicing, SCF & E-procurement | 29 Aug 2018

Standard Chartered has teamed up with Siemens Financial Services and TradeIX to create a blockchain-based smart guarantees proposition in trade finance

Standard Chartered, blockchain, UK, smart guarantees, trade finance, TradeIX, Siemens Financial Services, letter of credit, commercial bank guarantee, paper intensive process, auto-executing smart contracts, Corda Distributed Ledger

Tinkoff Bank launches loans to SMEs

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

Russia-based digital financial services provider TCS Group has announced that its Tinkoff Business unit is expanding to offer loans for SMEs.

Tinkoff Bank, Russia, SMEs, digital financial services provider, TCS Group, settlement management, accounting, payroll projects, trade acquiring, Internet Acquiring, POS-crediting, bank guarantees

Blockchain tested for bank guarantees by Westpac, ANZ

News | Cryptocurrencies | 11 Jul 2017

A group of Australia-based financial institutions have completed blockchain tests aimed at digitizing the bank guarantee process for commercial property leasing.

Westpac, ANZ, IBM, blockchain, Australia, bank guarantees, DLT, property leasing