Articles with tag: pandemic

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IFC and UBA to train Ugandan SMEs to face pandemic crisis

11 Aug 2020 | E-invoicing, SCF & E-procurement

IFC, a member of the World Bank Group, and the Uganda Bankers Association (UBA) has partnered to train financial institutions and SMEs regarding the COVID-19 crisis.

IFC, UBA, Uganda, financial, banks, SMEs, COVID-19, coronavirus, pandemic, World Bank Group, Uganda Bankers Association, UBA, partnership, digital

PPRO announces 85% in transaction volume

05 Aug 2020 | Online Payments

PPRO, a payments platform-as-a-service, has reported an 85% increase in transaction volume from 2019, highlighting the opportunities for cross-border ecommerce amidst the pandemic.

PPRO, pandemic, COVID-19, coronavirus, Sprints, Citi, payments, platform-as-a-service, transaction, cross-border ecommerce, ecommerce, HPE Growth, Financial Technology Partners, Noerr, Germany, Singapore, Brazil

Forex trading increased by 300% during the pandemic

05 Aug 2020 | Payments General

The FX trading have seen an increase by approximately 300% during the COVID-19 pandemic.

Forex, trading, COVID-19, coronavirus, pandemic, Africa, Eastern Europe, Southeast Asia, brokers

Billtrust, Finexio partner for faster digital payments amid pandemic

04 Aug 2020 | Payments General

US-based fintech Finexio has partnered with B2B payments solution provider Billtrust to provide faster digital payments to its suppliers.

Billtrust, Finexio, digital payments, pandemic, fintech, US, United States, B2B payments, Business Payments Network, BPN, partnership, covid19, accounts receivable, automated invoice reconciliation, virtual cards payments

CDC adds 75 mln to its trade finance deal with Absa

31 Jul 2020 | E-invoicing, SCF & E-procurement

CDC, a UK-based development finance institution, has announced an additional USD 75 million commitment to its existing trade finance facility with Absa Bank.

CDC, Absa, UK, BANKS, Africa, trade finance, supply chains, SCF, COVID-19, coronavirus, pandemic, partnership, International Chamber of Commerce

Monzo's annual losses double due to the pandemic

31 Jul 2020 | Online & Mobile Banking

UK-based digital bank Monzo has announced its annual losses more than doubled and warned its ability to continue operating had become more uncertain due to the pandemic.

Monzo, UK, digital bank, digital, banks, pandemic, coronavirus, COVID-19, startup, US, challenger bank, cards, Monzo Plus

BNP Paribas Personal Finance, Experian, Aryza help customers through the Covid-19 pandemic

30 Jul 2020 | Online & Mobile Banking

BNP Paribas Personal Finance has announced that it will use Experian’s Open Banking technology and Aryza’s Debtsense digital platform to provide online account reviews to customers who have been affected by the Covid-19 pandemic.

BNP Paribas Personal Finance, Experian, Aryza, Covid-19 pandemic, affordability, Open Banking, payments, credit scoring, financial health

Digitalisation of SMBs could add USD 3.1 trillion to Asia Pacific's GDP

28 Jul 2020 | Payments General

The 2020 Asia Pacific SMB Digital Maturity Study has shown that the digitalisation of SMBs in Asia Pacific could add USD 2.6 to 3.1 trillion to the region’s GDP by 2024.

digitalisation, SMBs, Asia Pacific, economic, 2020 Asia Pacific SMB Digital Maturity Study, digital, IDC, Cisco, COVID-19, coronavirus, pandemic, technology, cloud, IT, software, Digital Observers, Singapore, Japan, New Zealand, China Taiwan, Thailand, Korea, Hong Kong, Malaysia

Ecommerce in the US during the Covid-19 days

28 Jul 2020 | Ecommerce

Sally Baptiste from Payment Operations Group gives a realistic account of what merchants should consider when trying to enter the US ecommerce market during the climate created by the Covid-19 pandemic

Sally Baptiste, Payment Operations Group, US, United States, ecommerce, retail, marchants, buyer, consumer, COVID-19, coronavirus, pandemic, consumer confidence,

Ecommerce platform Sorabel to shut down by end of July

27 Jul 2020 | Online Payments

Indonesia-based fashion ecommerce platform Sorabel has confirmed to be shutting down by the end of July 2020.

Indonesia, ecommerce, Sorabel, liquidation, startups, COVID-19, pandemic

MoCaFi launches mobile banking platform to address inequalities in communities

27 Jul 2020 | Online & Mobile Banking

Mobility Capital Finance (MoCaFi), a US-based fintech, has launched an upgraded mobile banking platform, designed to help address inequalities in communities of colour.

MoCaFi, mobile banking, banking, Mobility Capital Finance, US, fintech, COVID-19, coronavirus, pandemic, VanillaDirect, retail, Allpoint, MoCaFi Mobility Bank Account, MoCaFi Mobility Debit Mastercard, Mastercard, mobile wallet, e-wallet, contactless, payments, Mastercard ID Theft Protection, mobile app, Equifax, TransUnion, partnership

Revolut raises USD 80 mln in funding round

27 Jul 2020 | Online & Mobile Banking

Revolut has raised USD 80 million as part of its Series D round led by TSG Consumer Partners.

UK, fintech, Revolut, pandemic, COVID-19, coronavirus, TSG Consumer Partners, US, banking, Europe

Kabbage launches checking accounts for small businesses

23 Jul 2020 | Online & Mobile Banking

US-based online lender Kabbage has announced it will offer checking accounts for small businesses.

Kabbage, SMBs, US, lender, banks, Green Dot Bank, Federal Deposit Insurance Corporation, COVID-19, coronavirus, pandemic

Zopa partners with Paylink Solutions

23 Jul 2020 | Online & Mobile Banking

Zopa has teamed up with Paylink Solutions, a software provider, to support its customers amid the COVID-19 pandemic.

Zopa, Paylink Solutions, data, partnership, software, COVID-19, coronavirus, pandemic, P2P, digital bank, digital, banks, cloud-based, Embark, payments, open banking, banking, Credit Reference Agency, lenders, loans, PayPlan, UK, API

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

22 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

TransUnion finds an increase in phishing attacks; enhances its Document Verification solution

22 Jul 2020 | Digital Identity, Security & Online Fraud

New research from TransUnion’s Consumer Financial Hardship studies has found that phishing is the top digital fraud scheme worldwide related to COVID-19. 

TransUnion, document verification, identity fraud, COVID-19, pandemic, coronavirus, scams, ID, phishing scams, identity theft, ATO, authentication, fraud prevention

ICC trade finance survey confirms banking industry optimism

21 Jul 2020 | E-invoicing, SCF & E-procurement

ICC has released its 2020 Global Survey report which showcases optimism for banks regarding trade finance, although challenges and disruptions are to be expected post-pandemic.

ICC, Global Survey on Trade Finance, trade finance, banking, optimism, international chamber of commerce, pandemic, Asian Development Bank, ADB, AUSTRAC, Boston Consulting Group, BCG, Coriolis Technologies, HSBC, Kountable, SWIFT, TXF, SCF, digital trade, banks, supply chain finance, digitalisation

UK-based large businesses observe long road to recovery, Deloitte survey

20 Jul 2020 | Payments General

Deloitte has released a survey stating that 49% of the UK’s biggest companies think it will take until the second half of 2021 to recover from the coronavirus pandemic, according to Reuters.

UK, United Kingdom, large businesses, Deloitte, coronavirus, pandemic, Reuters, recovery, Bank of England, Decision Makers’ Panel, jobs, investment, balance sheet, economy

CIBT, Conferma Pay partner for virtual cards

17 Jul 2020 | Payments General

Immigration and visa services provider CIBT has announced an integration with Conferma Pay for virtual cards and business travel payments, according to a fintek.news.

CIBT, Conferma Pay, virtual cards, immigration, visa services, travel payments, digital payments, digitisation, automatic reconciliation, spend management tools, fraud, pandemic

Corinium and FICO's report reveals an increased demand for AI during COVID-19

16 Jul 2020 | Digital Identity, Security & Online Fraud

FICO has released  a new report from the market intelligence firm Corinium that found the demand for AI, data, and digital tools is soaring amid the COVID-19 pandemic.  

Corinium, FICO, artificial intelligence, COVID-19, AI, analytics, data, pandemic, coronavirus, digital products