Tagged: supply chain

December 26, 2021 @ 12:33 pm By Tony Zerucha  |  

Several factors will impact cryptocurrency mining in 2022 Compute North CEO Dave Perrill predicts. Compute North provides infrastructure for companies in crypto mining, blockchain, and distributed computing. The issues that made 2021 a challenging year will persist into 2022, Perrill said. Chip shortages, shipping delays… Read More

November 26, 2021 @ 2:03 pm By Omar Faridi  |  

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

November 2, 2021 @ 1:59 pm By Omar Faridi  |  

US investment bank Citi (NYSE: C) has introduced its first sustainability-linked supply chain finance (SSCF) program in the Asia-Pacific region. Via the SCCF program, Citi intends to support customers as they work on their ESG priorities, enhance supply chain resilience, and effectively manage working capital… Read More

October 19, 2021 @ 9:27 pm By Tony Zerucha  |  

While the recent drop in the United Kingdom’s unemployment rate to 4.5 per cent is reflective of a strengthening economy, there are still vulnerabilities, financial industry representatives believe. Conister director Douglas Grant said while the data suggests a strong and recovering UK workforce, attention needs… Read More

August 31, 2021 @ 9:01 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has launched a joint initiative with Linklogis, a supply chain finance tech solution provider from China, in order to provide a blockchain or DLT-powered trade finance platform, called Olea. Standard Chartered stated that Olea is an all-digital trade finance origination and… Read More

June 8, 2021 @ 7:44 am By Omar Faridi  |  

Stemly, a supply chain inventory management and finance firm that was incubated by ING Labs in Singapore, has decided to now operate as a separate, independent initiative. VC fund Elev8, ING Ventures and EDB New Ventures, the corporate venture building division of EDB, along with… Read More

March 15, 2021 @ 10:20 pm By Omar Faridi  |  

After the rollout of Trusple, which is AntChain’s global trade and financial services platform, DBS (SGX:D05) has confirmed that it’s the first major Asian banking institution to finalize a trade financing transaction via the platform. The digital transaction was valued at more than $40,000. The… Read More

February 15, 2021 @ 8:27 am By Omar Faridi  |  

We recently caught up with Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta. Dr. Ellul discussed how blockchain-based smart contracts are streamlining routine business processes. He also talked about his research interests which include… Read More

December 30, 2020 @ 10:25 pm By Omar Faridi  |  

VeChain, a major blockchain platform focused on developing supply chain management solutions among other use cases, has released its latest financial executive report in order to promote “fairness, transparency, and openness.” As mentioned in the report, published on December 29, 2020: “During this quarter, the… Read More

November 16, 2020 @ 11:12 am By JD Alois  |  

American Express (NYSE:AXP) has announced improvements to its supply chain product. Originally launched in 2018, Early Pay allows companies and their suppliers the ability to pay and get paid through a digital platform.  Early Pay provides suppliers the ability to optimize their cash flow by… Read More

August 3, 2020 @ 11:35 pm By Omar Faridi  |  

India based RAMSUN Network, a digital or online marketplace for supply chain finance, has reportedly joined Fintech firm MonetaGo’s secure financing network. The RAMSUN Network aims to facilitate financing for SMBs via its AI-powered technology platform – which allows many lenders to be a part… Read More

May 12, 2020 @ 3:06 pm By Samantha Hurst  |  

  LaneAxis, a U.S.-based SaaS company that uses patented technology to eliminate phone calls, faxes, emails, and other inefficient processes in the supply chain/freight industry, has successfully secured more than $755,000 through its Regulation Crowdfunding (Reg CF) round on equity crowdfunding platform StartEngine.  Founded in… Read More

April 30, 2020 @ 11:33 pm By Omar Faridi  |  

The National Institutional Facilitation Technologies (NIFT), the largest transactional clearing facilitator in Pakistan and Haball, a Fintech firm that provides various B2B services, have teamed up, in order to launch contextual payments for local companies. NIFT is a payment system operator and provider. It offers… Read More

April 26, 2020 @ 10:38 pm By Omar Faridi  |  

California-based Dole Food Company, an agricultural multinational corporation, has introduced a five-year plan to integrate blockchain or distributed ledger technology (DLT) for managing supply chain processes. Dole Food Company is the largest producer of fruits and vegetables in the world. The agribusiness company generated over… Read More

March 12, 2020 @ 9:40 pm By Omar Faridi  |  

London-headquartered Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly become the first major financial institution to join TradeLens, blockchain-powered container logistics solution created by IBM and Maersk. Standard Chartered is notably the first financial… Read More

October 5, 2019 @ 10:56 am By Omar Faridi  |  

Walmart Inc. (NYSE:WMT), a Bentonville, Arkansas headquartered multinational retail corporation, is partnering with tech giant IBM, in order to use blockchain technology to monitor its shrimp supply chains. Walmart will be using distributed ledger technology (DLT) to track Indian-sourced shrimp delivered to several Sam’s Club… Read More

June 11, 2019 @ 10:27 pm By JD Alois  |  

During the Global ABS Conference in Barcelona, Spain, Demica, an independent provider of working capital solutions, has announced the launch of its new Receivables Finance Platform. The Fintech reports that it is currently growing at 40% a year. Today, Demica works with over 400 corporate… Read More

February 12, 2019 @ 9:27 am By Samantha Hurst  |  

Standard Chartered Bank announced on Tuesday it signed a memorandum of understanding (MOU) with Linklogis to explore opportunities to enhance its supply chain financing proposition and deepen client relationships in China. Standard Chartered reported that it will use Linklogis’ force as a digital blockchain-enabled supply chain… Read More

September 17, 2018 @ 9:21 am By JD Alois  |  

Sweetbridge Alliance Network has added InstaSupply, a financing supply chain provicer for mid-sized businesses using blockchain, to its Network and named it an official reseller of Sweetbridge protocol technologies. Sweetbridge says that through this collaboration their liquidity protocol will provide low-cost access to capital for… Read More

June 12, 2018 @ 6:00 am By Samantha Hurst  |  

Timelio, an Australia-based online marketplace for invoice and supply chain finance, announced on Tuesday it has surpassed $250 million in invoice funding. Founded in 2014, the fintech firm stated its purpose is to improve the financial well-being of business owners by improving cash flow for… Read More