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The BCB has selected Banco Inter, Microsoft Brazil, 7COMm, and Chainlink to develop a trade finance solution as part of the second phase of the DREX digital currency pilot.
partnership, trade finance, digital currency, blockchain, supply chain finance
Fintech company Veefin has acquired a 26% equity stake in software solutions provider EpikIndifi through a cash-and-share swap arrangement.
acquisition, supply chain finance, product upgrade, fintech
Validus, a Singapore-based digital lending platform, has secured USD 50 million in debt financing from HSBC as part of the ASEAN Growth Fund strategy.
funding, lending, financial services, SMEs, supply chain finance
AEON Bank, a subsidiary of AEON Financial Service, has announced the launch of a new supply chain finance service in order to meet the financing needs of customers.
product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions, supply chain finance
Canada-based payments fintech company, Nuvei, has recently announced a new strategic partnership with Scanco, a provider of innovative software solutions for the manufacturing and distribution industries.
partnership, B2B payments, online payments, payments , local payment method, fintech, payment gateway, payment processor, payout, Issuer, banking, risk management, fraud management, CNP fraud, ACH, cash flow, ERP, ecommerce, supply chain finance, digitalisation, financial inclusion
International Finance Corporation (IFC) and Citi have agreed to implement a USD 500 million facility in Mexico as part of a USD 2 billion sustainable supply chain finance programme.
supply chain finance, sustainability , banking, partnership, growth markets
Deutsche Bank has launched BASF’s first sustainability-linked payables finance program in Asia, with a focus on its operations in China.
sustainability , banking, supply chain finance, product launch
Financial software provider Finastra has partnered with working capital finance platform CredAble to expand the functionality of Finastra Trade Innovation.
trade finance, supply chain finance, banks, partnership, expansion
PQShield has received a USD 37 million investment led by US-based Addition, with additional participation from Chevron Technology Ventures, Legal & General, and Braavos Capital.
funding, investment, supply chain finance, cybersecurity, data
Global provider of trade finance solutions Surecomp has announced that its RIVO platform was selected by DZ BANK to improve its digital customer service capabilities.
partnership, trade finance, customer experience, supply chain finance, GDPR, data privacy
FABMISR, an Egypt-based financial institution, has formed a strategic alliance with Cayesh, a player in the supply chain finance sector in the country.
partnership, MSMEs, financial institutions, lending, supply chain finance
The Asian Development Bank (ADB) and Citi have signed an agreement to enhance access to supply chain financing for SMEs.
partnership, supply chain finance, SMEs, trade finance, financial services
Taiwan-based Advantech has announced its acquisition of France-based POS and KIOSK brand company Aures Technologies, aiming to solidify its global footprint.
acquisition, partnership, expansion, supply chain finance, retail
Finyoz, a lendtech platform specializing in short-term invoice financing, has partnered with Currencycloud, a provider of services for simplifying business transactions across various currencies.
supply chain finance, e-invoicing, treasury, online banking, digital currency
Blue Yonder, a player in digital supply chain transformations has announced its intention to acquire One Network Enterprises (One Network) for around USD 839 million, subject to adjustments.
partnership, acquisition, supply chain finance, data analytics
Sri Lanka-based Commercial Bank of Ceylon, ComBank, has recently announced a new partnership with the International Finance Corporation (IFC), to develop a supply chain financing (SCF) strategy that will help the bank to lend more to local SMEs.
lending, SMEs, SME lending, partnership, banks, financial services, financial institutions, financial inclusion, cross-border logistics, supply chain finance, funding
Malaysia-based financial services company Maybank has signed a memorandum of understanding (MOU) with Doxa Holdings International.
partnership, supply chain finance, fintech, financial services, product launch
Financial AI and data analytics services provider Calculum has announced its partnership with Corpay, aiming to provide its customers with access to Corpay Payments Automation.
partnership, customer experience, supply chain finance, payments , cash flow, digital payments
Microsoft has rolled out Copilot for Finance to provide AI-powered, role-based workflow automation, recommendations, and guided actions in the flow of work.
artificial intelligence, product launch, data, survey, supply chain finance
Crédit Agricole CIB has launched the new Optim Receivables and Supply Chain Finance (RSF) platform, white-labelled by Demica, a supply chain finance fintech.
supply chain finance, fintech, partnership, product launch, banking