Articles with tag: supply chain

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UAE rolls out AED 6 bln supply chain financing initiative

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The UAE has pledged to support small and medium enterprises (SMEs) across sectors with a AED 6 billion supply chain financing initiative, according to logisticsmiddleeast.com.

Abu Dhabi, SME, supply chain finance, SCF, initiative, Daman, Department of Finance, FAB, UAE

ITFC, PJSCB Orient Finans launch trade finance facility in Uzbekistan

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The ITFC has signed a USD 10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan.

ITFC, PJSCB Orient Finans, SMEs, supply chain finance, trade finance, SCF, Uzbekistan, IsDB, OIC member

WEX, MYOB to offer B2B payment solutions in Australia

News | E-invoicing, SCF & E-procurement | 20 Jan 2021

US-based financial technology service provider WEX has partnered with online business management platform MYOB to provide Australian businesses with B2B payments.

WEX, MYOB, partnership, b2b, virtual cards, credit, supply chain,

Finverity, Abu Dhabi Global Market partnership to boost supply chain finance

News | E-invoicing, SCF & E-procurement | 21 Dec 2020

Finverity has partnered with the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre, to boost supply chain finance.

banks, fintechs, supply chain finance, UAE, data, KYC, credit scoring, risk scoring, lending, finanacial data

TReDS platform M1xchange secures USD 4.5 mln investment

News | E-invoicing, SCF & E-procurement | 18 Dec 2020

Reserve Bank-approved TReDS platform M1xchange has raised USD 4.5 million in equity round funding from Singapore-based BENEEXT Asia and Mayfield.

TReDS, M1xchange, investment, RBI, Reserve Bank, Singapore, BENEEXT Asia, Mayfield, SCF, supply chain finance, licence, MSME

Asian Development Bank to support the purchase of COVID-19 vaccines

News | E-invoicing, SCF & E-procurement | 17 Dec 2020

The Asian Development Bank (ADB) has unveiled a USD 500 million facility to support the purchase of COVID-19 vaccines and related equipment.

Asian Development Bank, ADB, supply chain finance, Covid-19, TSCFP, World Health Organization, mapping tool

European Investment Bank offers EUR 15 mln in funding to IDnow

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

The European Investment Bank (EIB) has announced that it will provide EUR 15 million of growth funding to the German identity verification platform IDnow.

European Investment Bank, IDnow, KYC, AML, supply chain finance, research, EGFF, EFSI, European Union

Standard Chartered unit launches B2B marketplace in India

News | Payments General | 08 Dec 2020

SC Ventures, a Standard Chartered unit has announced the commercial launch of SOLV, a full-stack B2B marketplace for micro, small and medium enterprises (MSMEs) in India.

Standard Chartered, product launch, SOLV, B2B, marketplace, SC Ventures, MSMEs, India, blockchain, AI, machine learning, invoices, BNPL, supply chain finance

Open Banking - creating opportunities for everyone - an interview with Bank of America

Interviews | Online & Mobile Banking | 08 Dec 2020

The Paypers speaks with Ad van der Poel, Co-head of Product Management for GTS EMEA at Bank of America, about the Open Banking and Open Finance opportunities for consumers, corporates, and SMEs

Ad van der Poel, Bank of America, Open Banking, SMEs, API, ERP, Open Finance, data sharing, supply chains, cybersecurity, tokenisation, GDPR, US, Europe, PSD2, data privacy, payments, LATAM,

Singapore's government launches blockchain innovation programme

News | E-invoicing, SCF & E-procurement | 07 Dec 2020

A group of Singaporean government agencies has announced it is launching a new research program for blockchain technology with about USD 8.9 million USD in funding.

Singapore, blockchain, SBIP, Enterprise Singapore, Infocomm, National Research Foundation, Monetary Authority, trade, supply chain finance, crypto, central bank

ICC, Africa investor to digitise 5 mln SMEs in Africa

News | E-invoicing, SCF & E-procurement | 07 Dec 2020

The International Chamber of Commerce (ICC) and Africa investor (Ai) have launched an e-trade initiative to enable the digitisation of five million SMEs in Africa.

ICC, Africa investor, SMEs, digitalisation, Africa, AfCFTA, AfricaPLC, ecommerce, SCF, supply chain finance, digital inclusion, e-trade, trade data

Tradewind Finance provides USD 3 mln facility for Bangladesh-based company

News | E-invoicing, SCF & E-procurement | 04 Dec 2020

Tradewind Finance has closed a USD 3 million supply chain finance facility for a Bangladesh-based garment trading company, according to the official press release.

Tradewind Fiance, SCF, supply chain finance, Bangladesh, facility, invoice

BNP Paribas launches the Sustainable Supply Chain Finance Framework

News | E-invoicing, SCF & E-procurement | 01 Dec 2020

BNP Paribas has developed a KPI matrix to promote sustainable practices in corporate supply chains under the new scheme announced by the Monetary Authority of Singapore.

BNP Paribas, Singapore, product launch, Sustainable Supply Chain Finance Framework, SCF, Monetary Authority, Green and Sustainability Linked Loan Grant Scheme, MNCs, supply chain,

US Exim to support Boeing with SCF guarantee

News | E-invoicing, SCF & E-procurement | 27 Nov 2020

The Export-Import Bank of the United States (US Exim) has granted two authorisations in support of the aviation industry and its supply chain, according to gtreview.com.

US Exim, Boeing, US, SCF, supply chain finance, Citi, travel industry, lockdown, pandemic, payments

Standard Chartered, CDC pledge USD 100 mln to trade finance agreement

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

Standard Chartered and CDC Group have announced an additional USD 100 million commitment to their existing master risk participation agreement.

Standard Chartered, CDC Group, partnership, trade finance, agreement, master risk participation agreement, South Asia, Africa, supply chain finance, scf

Insurtech Blink to help SMEs with insurance claims

News | E-invoicing, SCF & E-procurement | 23 Nov 2020

Ireland-based insurtech Blink has announced the latest offering in its suite of parametric insurance solutions meant to cut average business interruption claims processing time.

Blink, Ireland, SMEs, trade finance, supply chain finance, insurtech, insurance claims, product launch, Hurricane Non-Damage Parametric Insurance, Open Banking Validation

Imaweb, Esker to launch digital invoicing solution

News | E-invoicing, SCF & E-procurement | 23 Nov 2020

France-based Imaweb has announced the launch of a digital invoicing solution in partnership with Esker, a player in AI-driven process automation solutions and cloud computing.

Imaweb, Esker, partnership, product launch, e-invoicing, digital invoicing, DMS, CRM, supply chain finance, Imaweb NextLane

Visa completes YellowPaper acquisition

News | Payments General | 23 Nov 2020

Visa has announced it has completed the acquisition of YellowPepper, a payments tech company that supports financial institutions and startups in Latin America and the Caribbean.

Acquisition, merger, Visa, YellowPaper, LATAM, Caribbean, supply chain finance, tokenisation, identity validation, Visa Direct, Visa B2B Connect

Malaysia-based TFX Islamic introduces SCF platform

News | E-invoicing, SCF & E-procurement | 17 Nov 2020

Fintech TFX Islamic has launched an Islamic supply chain finance platform which will enable high potential SMEs to scale their business to the next level, according to thestar.com.my.

TFX Islamic, SCF, supply chain finance, platform, product launch, fintech, COVID-19, pandemic, trade finance

American Express updates its Early Pay supply chain solution for large companies

News | E-invoicing, SCF & E-procurement | 17 Nov 2020

American Express has announced enhancements to Early Pay in the US, the company’s supply chain payment solution aimed at large companies.

American Express, supply chain payment, Early Pay, suppliers, buyers, US, cash flow, payment discounts