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Xalts has announced its acquisition of Contour Network and its plan to launch an application ecosystem for embedded trade financial solutions for global banks.
acquisition, product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions, embedded finance
Austria-based VakifBank International has selected Intellect Global Consumer Banking’s (iGCB) Intellect Digital Core and Digital Lending to transform its overall banking experience.
digital banking, API, artificial intelligence, lending, expansion
B2B foreign trade financial service provider XTransfer has partnered with TransferMate to provide importers and exporters with additional market opportunities.
partnership, SMEs, FX , cross-border payments, cross-border ecommerce
Nigeria-based fintech, FrontEdge, has raised USD 10 million in a debt and equity seed round led by lead investor, TLG Capital.
funding, investment, SMEs, cross-border logistics
Truist has announced its partnership with Standard Chartered in order to strengthen trade finance offerings and capabilities in emerging markets around the world.
partnership, mobile banking, online banking, digital banking, banking, financial services, financial institutions
Global payments provider Nium has partnered with OZ Câmbio to launch real-time payment rail to help Brazilian businesses transfer funds to major markets.
real-time payments, payment methods, cross-border payments, digital wallet
Germany-based fintech MODIFI has secured a USD 100 million debt facility from HSBC Innovation Banking UK to support its growth efforts.
funding, debt facility, fintech, partnership
Santander CIB and Komgo, a multi-bank trade finance network, have partnered to accelerate the digital transformation of several Trade & Working Capital products.
partnership, investment, digitalisation, trade finance, banks
MultiChoice Group has announced a joint venture with Rapyd and General Catalyst to develop and launch an integrated payment platform for Africa.
partnership, product launch, payments , payments infrastructure, ecommerce, SMEs, fintech, financial services, paytech, cross-border payments, digital payments, digitalisation, payment methods
Singapore-based fintech Tazapay has received in-principle approval for a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS).
payments , MPI licence, Monetary Authority of Singapore (MAS), fintech, cross-border logistics, ecommerce, merchants, money transfer, payment institution, financial services, e-money, trade finance, B2B payments, digital payments, API
Import order management system Mercado Labs has launched a solution to enable small and medium businesses to expedite the digital transformation of import supply chains.
product launch, ecommerce, ecommerce platform, cross-border ecommerce, cross-border logistics, SMEs, supply chain finance, digitalisation, payments , B2B payments
Israel-based fintech 40Seas has raised USD 111 million composed of seed funding and a credit facility for exporters and importers.
funding, investment, fintech, cross-border payments, accounts receivable
US-based Mercado Labs has launched Mercado DNA, a solution to rebalance the issues businesses face between the systems that manage their supply and demand.
ecommerce, product launch, digitalisation, merchants, marketplace
Iran’s Ministry of Industry, Mine and Trade has approved the use of cryptocurrencies as payment methods for imports.
cryptocurrency, digital assets, central bank, cross-border payments
Iran’s association of importers has stressed the need for a regulatory framework for crypto now that the Iranian government has recently used crypto to pay for imports.
regulation, cryptocurrency, blockchain, cross-border payments
Singapore-based supply chain platform Olea has partnered with Vayana Network to provide exporters and importers with alternative liquidity.
supply chain finance, partnership, SMEs, trade finance
PayCargo Capital has secured a lending alliance with Evolve Bank & Trust (Evolve), a financial and technology institution, allowing freight forwarders and beneficial cargo owners to apply for and receive credit at the point of paying freight costs.
partnership, supply chain finance, digital payments, remittance
Sameer Singh Jaini and Shashank Shekhar of The Digital Fifth examine the progress Open Banking has been made in India from the business and regulatory perspective
fintech, Open Banking, regulation, API, BaaS, neobanks
The European Bank for Reconstruction and Development (EBRD) and partners have announced that they are exploring digitalisation in green trade finance.
green finance, sustainability , trade finance, digitalisation
IFC has welcomed Absa Bank to its Global Trade Liquidity Program (GTLP).
trade finance, financial inclusion