Articles with tag: trade finance

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Incomlend secures USD 20 mln in funding round

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

Incomlend, a Singapore-based startup that operates a trading platform to connect exporters and importers with investors, has raised USD 20 million in a new financing round.

Singapore, trade finance, startup, Incomlend, Sequoia Capital India, CMA CGM Group, Europe, Southeast Asia, North Asia, technology, invoice, AI, artificial intelligence, supply chain, payments

Bolero joins Marco Polo Network to advance digital trade settlement

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

Trade Digitisation provider Bolero has joined the Marco Polo, to bring Bolero’s e-Bill of Lading (BL), including e-documents and e-presentation solutions, to the trade finance network. 

Bolero, Marco Polo Network, digital trade settlement, e-bill of lading, BL, e-documents, e-presentation, trade finance network, Galileo, digital trade finance, banks, corporates, trade ecosystem, trade finance transactions

Sberbank structures rade finance deal with International Islamic Trade Finance Corporation

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

Sberbank has structured a trade finance deal with the International Islamic Trade Finance Corporation (ITFC), a provider of Trade Solutions.

Sberbank, trade finance, International Islamic Trade Finance Corporation, ITFC, Trade Solution, banks, Switzerland, Russia, Egypt

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

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

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

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

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

CDC, Societe Generale partner to boost African trade

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

UK-based impact investor CDC Group has closed a USD 100 million trade finance risk sharing facility with Societe Generale.

CDC, Societe Generale, African trade, trade finance, risk sharing facility, local banks, new banks, Francophone West Africa, funding, economic crisis, United Nations, SDG, deficit, International Chamber of Commerce

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

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

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, covid-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries

Surecomp unveils trade Finance-as-a-Service for trade finance management

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

Surecomp, a global trade finance and treasury solutions for banks and corporations, has launched its Trade Finance-as-a-Service (TFaaS) suite.

Surecomp, Finance-as-a-Service, trade finance management, banks, corporations, invoices, SWIFT, US, cloud

Arvest Bank selects trade finance platform EXIM STAR from Finzly

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

Arvest Bank has selected Finzly's EXIM STAR solution to support trade finance processes and introduce a new online portal for its customers.

Finzly, fintech, banking, trade finance, SMEs, Arvest Bank, partnership, US, EXIM STAR

Surecomp rolls out Fastrade for digital trade finance customer engagement

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

Surecomp, a global trade finance and treasury solutions provider for banks and corporations, has launched a front-office solution Fastrade, designed specifically for (SMEs).

Surecomp, Fastrade, digital trade finance, customer engagement, SMEs, SaaS

ITFC releases USD 15 mln to support SMEs in Bangladesh

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

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing, coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic

Blockchain platform Factorin to transform the trade finance market in Russia

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

Since its launch in 2019, Factorin has attracted 30 banking entities, has processed financing for 246,000 invoices and supplies, and its transactional turnover has exceeded USD 500 million.

blockchain, trade finance, suppliers, payments, Russia, automation, supply chain

Alibaba adds more digital features for B2B customers

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

Alibaba Group has announced a series of new features for its Alibaba.com platform, which seeks to connect international suppliers with buyers. 

Alibaba, digital, B2B, trade finance, cross-border trade, businesses

Surecomp supports DNB with SWIFT readiness ahead of new 2021 deadline

20 May 2020 | Payments General

Surecomp has announced that Norwegian bank DNB is ready to be switched on with SWIFT- compliant versions of both its front and back-end solutions, IMEX and allNETT.

Surecomp, banking, DNB, SWIFT, trade finance, letter of credit, Norway, corporates

MSC to launch shipping trade finance solution in India

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

Mediterranean Shipping Company (MSC), a transport and logistics company, has selected India to launch its trade finance solution for cargo shippers.

MSC, trade finance, cargo shippers, India, cash flow, export, import

ADB invests USD 200 million through Supply Chain Finance Programme

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

The Asian Development Bank (ADB) has invested USD 200 million under its SCF Programme to support companies in the battle against the coronavirus.

ADB, Asian Development Bank, SCF Programme, supply chain of finance, coronavirus, cross-border trade, trade finance programme, post-shipment finance, post-acceptance finance, pre-shipment loans, distributor financing