Articles with tag: supply chain finance

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Global Supply Chain Finance Forum (GSCFF) observes SCF misuse increase

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

The Global Supply Chain Finance Forum (GSCFF) has released a paper in response to growing concerns regarding the use of supply chain finance (SCF) and payables finance programmes. 

Global Supply Chain Finance Forum, GSCFF, SCF, supply chain finance, payables finance, programmes, suppliers, financial reporting, transparency, SMEs, financial disclosure, covid-19, industry standards, standard definitions, global supply chains

Finverity teams up with Ebury

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

Cross-border finance platform Finverity has partnered with Ebury, a payments provider specialising in FX hedging, to boost supply chain finance offerings in emerging markets.

Finverity, partnership, Ebury, cross-border, supply chain finance, SCF, FX, application programming interfaces, APIs, currencies

CIH Bank automates corporate banking services with Finastra

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

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. 

CIH Bank, corporate banking, Finastra, trade, supply chain finance

HSBC, Asian Development Bank partner for Covid-19 supply chains support

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

HSBC and the Asian Development Bank (ADB) have announced a supply chain finance programme to support companies that provide Covid-19-related supplies.

HSBC, Asian Development Bank, covid19, supply chain finance, Asian SMEs, medical supply chains, financing, suppliers, banks, manufacturers, investors, healthcare professionals

Deutsche Bank to invest in fintech Traxpay

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

Deutsche Bank has announced plans to invest in Germany-based fintech Traxpay to expand its supply chain finance offering. 

Deutsche Bank, Traxpay, fintech, Germany, supply chain finance, dynamic discounting, reverse factoring solutions, cash flow, discount, platform, retailers, suppliers, payable, interim financing

Infor, DBS Bank partner for global supply chains digital financing

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

Cloud software provider Infor has partnered with Singapore-based DBS Bank to integrate digital trade financing capabilities into the Infor Nexus global network. 

Infor, DBS Bank, Asia, Singapore, digital trade financing, supply chain finance, Infor Nexus, cloud software, bank, SMEs, pre-shipment finance, supply chain data, risk, credit, capital, credit risk

Investor exists Credit Suisse Funds

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

SoftBank has pulled a more than USD 500 million investment from Credit Suisse’s supply chain finance funds. 

SoftBank, Credit Suisse, supply chain finance, SCF, loans, Greensill, Vision Fund, payments, invoice

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

Tradeshift and Raindew Trade launch a coronavirus Instant Supplier Payment Scheme

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

Raindew Trade and Tradeshift, have launched a USD 1.5 billion COVID-19 Instant Supplier Payment Scheme (‘WePayNow Initiative’) in South Africa and selected African markets.

Tradeshift, Raindew Trade, COVID-19, coronavirus, SCF, supply chain finance, Africa, Instant Supplier Payment Scheme, WePayNow Initiative, South Africa, Denmark, Export Credit Agency, digitisation, digital, payments

PrimeRevenue secures US patent for SCF enhancement

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

US-based SCF platform provider PrimeRevenue has received a US patent titled ‘Supply Chain Finance System’ to enhance its digital financing offering.

PrimeRevenue, SCF, US, patent, Supply Chain Finance System, digital financing, trade finance, Electronic Time Drafts, ETD, UCC waiver, SCF transactions, e-drafts

MYbank unveils five-year plan to reach more SMEs across China via SCF and rural lending

30 Jun 2020 | E-invoicing, SCF & E-procurement

MYbank, the online private commercial bank under Ant Group, has announced a five-year plan to reach more small and micro enterprises (SMEs) across China via supply chain finance and rural lending. 

MYbank, SMEs, supply chain finance, lending

SoftBank-backed Greensill buys Colombia fintech

24 Jun 2020 | E-invoicing, SCF & E-procurement

SoftBank-Backed Greensill Capital, a company that helps businesses fund their operations, has announced it is acquiring Colombia-based Omni Latam to speed up growth in Latin America.

Greensill Capital, Omni Latam, working capital, supply chain finance, loans, suppliers

UniCredit taps Taulia's technology to develop working capital solutions

18 Jun 2020 | E-invoicing, SCF & E-procurement

Italy-based UniCredit Bank has partnered with US-based fintech Taulia aiming to develop its working capital solutions. 

UniCredit, US, fintech, Taulia, Italy, banks, partnership, supply chain finance, SCF, ERP, payments

IBM becomes shareholder of European blockchain initiative we.trade

25 May 2020 | E-invoicing, SCF & E-procurement

IBM has become a shareholder in we.trade, a trade finance platform jointly owned by 12 European banks.

IBM, we.trade, supply chain finance, blockchain, banks, CaixaBank, Deutsche Bank, Erste Group, HSBC, KBC, Nordea, Rabobank, Santander, Société Générale, UBS, UniCredit

Tradeshift, EKF to roll out supply chain finance model

12 May 2020 | E-invoicing, SCF & E-procurement

US-based spend management platform Tradeshift and Denmark-based ECA Eksport Kredit Fonden have planned a supply chain finance programme to aid businesses amid the pandemic.

Tradeshift, EKF, SCF, supply chain finance, ECA, export credit agency, pandemic, credit lines, supplier, working capital, invoice data, buyers and sellers, invoice liquidity, transactions, paper-based invoices, e-invoicing, spend management

Managing cash flow during the pandemic

11 May 2020 | Payments General

Kivanc Onan, Head of Payments & Financial Products Strategy of North America B2B at Alibaba Group, outlines four considerations for small businesses

Alibaba.com, Kivanc Onan, cash flow, B2B, SMBs, pandemic, coronavirus, supply chain finance, B2B commerce

Tradeshift, Chain IQ team up to deliver procurement services

15 Apr 2020 | E-invoicing, SCF & E-procurement

US-base supply chain finance company Tradeshift has announced a partnership with operational procurement services provider Chain IQ.

Tradeshift, Chain IQ, e-procurement, procurement, supply chain finance, supply chain payments, B2B payments, US, United States, Switzerland

Mindgate joins the US Faster Payments Council

13 Apr 2020 | E-invoicing, SCF & E-procurement

Mindgate Solutions, a global payments technology and transaction processing provider, has officially joined the US Faster Payments Council (FPC).

Mindgate Solutions, payments technology, transaction processing provider, real time payments, Faster Payments Council, FPC, supply chain finance

Acciona sets up supply chain finance line with support from BBVA

20 Mar 2020 | E-invoicing, SCF & E-procurement

Spain-based provider of management solution for infrastructure and renewable energy Acciona has set up a supply chain finance line with BBVA.

Acciona, BBVA, supply chain finance, Spain, KPI, fuel consumption, Ness Energy Project, reverse factoring, receivables

China Everbright Bank uses Ant Blockchain for supply chain finance

19 Mar 2020 | E-invoicing, SCF & E-procurement

China Everbright Bank has announced that it has launched a supply chain finance blockchain, with Ant Blockchain Duo Chain solution.

China Everbright Bank, Ant Blockchain Duo Chain, supply chain finance, coronavirus, China, Asia, APAC, CEB, Contour Letter of Credit, Contour, Voltron, blockchain, blockchain trade finance