Articles with tag like: trade

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Bitcoin to rival gold, price could lift to USD 146,000, Reuters

News | Cryptocurrencies | 06 Jan 2021

Investment bank JP Morgan has said that digital currency Bitcoin has emerged as a rival to gold and could trade as high as USD 146,000 if it becomes established as a safe-haven asset, according to Reuters

Bitcoin, Gold, digital currency, digital gold, JP Morgan, investment bank, trade, Grayscale Bitcoin Trust, cryptocurrency

Katapult mergers with FinServ Acquisition Corp.

News | Online Payments | 21 Dec 2020

Ecommerce focused financial technology company Katapult Holding and FinServ Acquisition Corp., a special purpose acquisition company, have entered into a definitive merger agreement. 

Katapult, trade, merger, FinServ Acquisition Corp., ecommerce, POS, merchants

UK government provides financial help to businesses after Brexit

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The UK government has announced that it will offer extra financial help to businesses to help them cover their costs after Brexit.

UK, government, trade finance, SCF, Brexit, trade, loans, EU, UKEF, guarantee, lenders, banks

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

Australian Stock Exchange shut down due to technical glitch

News | Payments General | 16 Nov 2020

The Australian Stock Exchange (ASX) was closed for most of 16 November 2020 due to a technical glitch.

Australian Stock Exchange, ASX, Australia, technical glitch, trade, hardware failure

BofA rolls out omni-channel cross-currency transactions approach

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

Bank of America has released an omnichannel offering that includes API and mobile connectivity in response to the imperatives of cross-currency transactions.

BofA, omni-channel, cross-currency, payments, transactions , Bank of America, CashPro app, app, financial institutions, API, mobile connectivity, trade, FX trades, FX trading

Factris, NN Investment Partners form European financing agreement

News | E-invoicing, SCF & E-procurement | 10 Sep 2020

Fintech Factris has closed a new EUR 50 million secured financing agreement with asset manager NN Investment Partners (NN IP).

Factris, NN Investment Partners, NN IP, Europe, financing, asset manager, fintech, secured financing, SMEs, SMBs, invoices, trade, liquidity, invoice finance, COVID-19, pandemic, trade credit insurance, real economy, responsible investing

Asian stocks increased by new US-China trade progress

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

Asian stock markets have observed an increase following the US-China progress in trade talks, and as hopes of new coronavirus treatments boosted broader sentiment among global investors.

Asia, stocks, US China trade, US, China, trade, coronavirus, treatment, global investor, MSCI, APAC, Japan, Nikkei, Australia, S&P, ASX, futures, Europe, Euro STOXX, FTSE, Phase 1 trade deal

Crypto.com announces Exchange public beta exit

News | Cryptocurrencies | 17 Aug 2020

Hong Kong-based crypto platform Crypto.com has announced that its Exchange will exit public beta in September 2020.

Hong Kong, cryptocurrency, crypto platform, Crypto.com, exchange, crypto exchange, public beta, digital assets, trade, web interface, trading API, Crypto.com App, corporate customers, Bitcoin Syndicate Special, BTC, allocation, MCO Visa Card, Crypto.com Chain

CIH Bank automates corporate banking services with Finastra

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

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

Does China's Digital Currency have a chance to supplant a digital dollar as a global reserve currency?

Voice of the Industry | Cryptocurrencies | 05 Aug 2020

The principal threat to the role of the dollar as Prime currency comes not from Facebook but from China’ ‘The Digital Currency Revolution’ by David Birch

David Birch, digital currency, central bank digital currency, Facebook, China, trade, economy, central bank reserves, central bank, payments, innovation

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

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

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

Binance allegedly continues trade in China despite ban

News | Cryptocurrencies | 15 Jun 2020

China’s National Radio (CNR) has reported that crypto exchange Binance continues to provide trading services for mainland Chinese customers despite the local ban.

Binance, China, trade, crypto exchange, ban, cryptocurrency, CNR

Mastercard, Octet Europe offer new trade solution across EEA

News | Online Payments | 15 Jun 2020

Mastercard and Octet Europe have announced the launch of a new trade solution across the European Economic Area (EEA). 

MasterCard, Octet Europe, Europe, small businesses, global economy, AML, KYC, CTF, ETS, trade, B2B, cross border, risks, cash flow, payments

First Data to pay almost USD 40 mln to settle FTC charges

News | Digital Identity, Security & Online Fraud | 20 May 2020

Fiserv's First Data Merchant Services has announced it will pay nearly USD 40.3 million to settle US civil charges.

Fiserv, First Data, payments, FTC, charges, merchants, fraud, FTC, trade, credit cards, transactions , scam, risks, criminal prosecution, federal crime, accounts

Hong Leong Bank simplifies the approval process for SME loans

News | E-invoicing, SCF & E-procurement | 11 May 2020

Hong Leong Bank (HLB) has simplified the application and approval process for SME loans so that they can fast track the Bank Negara Malaysia (BNM) Special Relief Facility (SRF). 

HLB, credit, SMEs, COVID-19, coronavirus, Hong Leong Bank, loans, Bank Negara Malaysia, BNM, Special Relief Facility, SRF, retail, trade

Diginex, Itiviti sign partnership for FIX connectivity for digital asset customers

News | Payments General | 21 Apr 2020

Itiviti has announced a partnership with Diginex, a digital asset financial services and advisory company. 

Diginex, partnership, Itiviti, NYFIX, Digital Asset, connectivity, service provider, financial institutions, trade

Global agriculture supply chain partners to make transaction via blockchain

News | E-invoicing, SCF & E-procurement | 16 Apr 2020

supply chain, transaction, blockchain, Cargill, Agrocorp, Rabobank, partnership, trade, North America, Asia, Singapore, dltledgers, Indonesia, Amarante, Transmarine, open-source, Hyperledger Fabric

Global agriculture supply chain partners to make transaction via blockchain

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

Cargill, Agrocorp, Rabobank have announced working together via a blockchain solution to ensure intercontinental agricultural trade.

supply chain, transaction, blockchain, Cargill, Agrocorp, Rabobank, partnership, trade, North America, Asia, Singapore, dltledgers, Indonesia, Amarante, Transmarine, open-source, Hyperledger Fabric

Tipalti introduces initiative to help guilds, nonprofits, and trade groups make payments amid COVID-19

News | E-invoicing, SCF & E-procurement | 08 Apr 2020

Tipalti, the global payables automation solution, has announced that it will waive the Tipalti platform fee for one year for guilds, nonprofits, and trade groups to assist them in disbursing funds to their members during the COVID-19 pandemic. 

Tipalti, guilds, nonprofits, trade, payments, COVID-19