Articles with tag: trade

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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

UBL (Switzerland) AG selects the OLYMPIC Banking System

30 Jul 2020 | Online & Mobile Banking

ERI has announced that UBL (Switzerland) AG, the Zürich based subsidiary of United Bank Limited, the private commercial bank in Pakistan, has selected the OLYMPIC Banking System to run its core banking and trade finance operations. 

UBL (Switzerland) AG, OLYMPIC Banking System, core banking, trade finance

Samtrade FX obtains FCA licence

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

Samtrade FX, an online trading brokerage, has been registered and authorised as an Appointed Representative by the FCA.

Samtrade FX, Financial Conduct Authority, FCA, Australian Securities and Investments Commission, ASIC, trading, brokerage, Appointed Representative, Australian Financial Services, AFS, Australia, Europe, Asia, International Business Companies, IBC, Financial Services Authority of Saint Vincent, Financial Transactions and Reports Analysis Centre of Canada, FINTRAC, Canada, Money Services Business, MSB

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

TradeCore launches new platform in the UK

22 Jul 2020 | Payments General

Fintech TradeCore has launched its new platform in the UK, aimed at increasing the pace of innovation in the fintech industry. 

TradeCore, UK, fintech, payments, KYC, onboarding, data, Open Banking

Robinhood postpones its UK launch

22 Jul 2020 | Mobile Payments

Robinhood, a US-based stock trading app, has postponed its UK launch indefinitely.

Robinhood, stock trading, mobile app, UK, US, Freetrade, Bux, eToro, Revolut

Xinja Bank to launch share trading platform Dabble

22 Jul 2020 | Online & Mobile Banking

Australia-based Xinja Bank has announced it will launch Dabble, a share trading platform that gives investors access to more than 3000 US shares and exchange traded funds (ETFs).

Xinja Bank, banks, US, Australia, Dabble, share trading, exchange, exchange traded fund, ETF, Stash, Tesla, Facebook, Google, Amazon, FX

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

NICE Actimize adds new features to its SURVEIL-X solution

21 Jul 2020 | Digital Identity, Security & Online Fraud

NICE Actimize has introduced an enhancement to its SURVEIL-X Holistic Trade Surveillance solution that provides self-service analytics, called SURVEIL-X Studio. 

NICE Actimize, SURVEIL-X Holistic Trade Surveillance, analytics, risk detection, financial crime management, risk detection, behaviour, compliance, regulations

Sidetrade rolls out CashTarget for businesses reviewing treasury performance

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

Sidetrade, an Artificial Intelligence platform, has released CashTarget, a new feature using gamification for businesses who are reviewing and restarting their treasury performance.

treasury performance, accounts receivable automation, Sidetrade, invoicing, late invoices, cash, product launch

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

Sidetrade Unpaid Invoice tracker: what the pandemic has taught us

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

With billions of euros tied up in unpaid invoices during lockdown, Rob Harvey, Global Director at Sidetrade, shares learnings about B2B late payment across Europe based on the findings of Sidetrade’s Unpaid Invoice tracker

AI, invoicing, late payments, lockdown, digitalisation, coronavirus, study, Sidetrade, Sidetrade Unpaid Invoice Tracker, cash flow, liquidity, businesses, the Netherlands

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

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

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

Natixis plans to focus on environmentally friendly lending

20 Jul 2020 | Payments General

France-based bank Natixis has announced commodities and infrastructure operations merger to focus on clean energy.

Natixis, environmentally friendly, lending, France, loans, oil traders, oil price collapse, bankruptcies, greener fuel, European bank, financial penalties, Green Weighting Factor

Trade Finance Global submits BCR bid to enhance tech

20 Jul 2020 | Payments General

Financing platform Trade Finance Global has submitted a bid as part of Banking Competition Remedies (BCR) GBP 100 million Pool E, according to AltFi.

Trade Finance Global, BCR, financing platform, Banking Competition Remedies, Metro Bank, Nationwide, grants, Starling Bank, Coconut, Equifax

Shopee rolls out Buy Malaysia in-app portal

13 Jul 2020 | Ecommerce

Shopee has launched the Buy Malaysia in-app portal to increase the visibility of Buatan Malaysia products as well as its local businesses.

Shopee, Buy Malaysia, Ministry of Domestic Trade and Consumer Affairs, MDTCA, Buatan Malaysia Campaign, Kempen Beli Barangan Malaysia, KBBM, Malaysia, cashback, ecommerce

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

India-based TCS launches crypto trading solution for banks

09 Jul 2020 | Cryptocurrencies

IT company Tata Consultancy Services (TCS) has announced a cryptocurrency trading solution for banks to allow their customers to invest in cryptocurrencies.

India, TCS, crypto trade, trading solution, banks, Tata Consultancy Services, cryptocurrency, BSE, NSE, stock exchange, Quartz Smart Solution for Crypto Services, financial institutions, banks, cryptocurrency trading, stable coins, digital currencies, fiat currencies, trading venues, blockchain networks

essDOCS teams up with Infosys Finacle

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

essDOCS, an enabler of paperless trade, has partnered with Infosys Finacle, part of EdgeVerve Systems, for driving automation in Trade finance processes though Distributed Ledger Technology (DLT). 

essDOCS, partnership, Infosys Finacle, blockchain, technology, finance, EdgeVerve System, Distributed Ledger Technology, DLT, CargoDocs DocEx, Finacle Trade Connect, transactions, Letters of Credit, LCs, Documentary Collections, Guarantees, banks, data

Malta-based essDOCS, Infosys Finacle partner for trade finance automation

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

SCF solution provider essDOCS and Infosys Finacle, part of EdgeVerve Systems, have partnered for driving automation in trade finance processes though Distributed Ledger Technology (DLT). 

essDOCS, Infosys Finacle, trade finance automation, SCF, EdgeVerve Systems, automation, Distributed Ledger Technology, DLT, CargoDocs DocEx, blockchain, Finacle Trade Connect, digital solution, banks, electronic signing, supply chain, digitisation