Tagged: trade finance

September 22, 2022 @ 10:24 pm By Omar Faridi  |  

Newgen Software, a global provider of digital transformation products, has introduced what it claims to be the first low code trade finance platform at the recent customer meet in Mumbai, India. Trade finance is a fairly complex process as it involves a lot of paperwork,… Read More

September 22, 2022 @ 9:15 pm By Omar Faridi  |  

Cleareye.ai announced a new global strategic alliance with J.P. Morgan’s Trade and Working Capital group. The alliance leverages a digital solution, ClearTrade, “to solve both the challenges Trade Finance operations face today and tomorrow.” Through significant advances in technology, the ClearTrade platform “streamlines the onerous… Read More

September 11, 2022 @ 10:23 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has completed an “industry-first” pilot testing of the Trade Financing Validation Service provided by MonetaGo over SWIFT, “to mitigate the risks of duplicate trade finance fraud on a global scale.” With a view to effectively detecting, deterring and preventing duplicate financing,… Read More

August 31, 2022 @ 8:42 pm By Omar Faridi  |  

Surecomp announced that the Joint Stock Commercial Bank for Investment and Development of Vietnam, commonly known as BIDV, has “gone live with its DOKA-NG™ and allNETT™ solutions to fully digitize trade finance processing.” Supported by local partner, CMC Technology and Solution (CMC TS) in Vietnam,… Read More

August 19, 2022 @ 7:29 pm By Omar Faridi  |  

UOB (SGX: U11) and Doxa are collaborating to “enable companies to move their procurement and trade financing processes online.” They signed a Memorandum of Understanding (MOU) “with their client Kimly Construction Private Limited, for the execution of the trio’s first green trade finance transaction together.” This… Read More

August 6, 2022 @ 3:01 pm By Omar Faridi  |  

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced a partnership with Demica, the trade finance Fintech firm, in order to streamline its reporting processes so it may support business customers across the globe. Under the terms of the partnership,… Read More

July 14, 2022 @ 6:27 pm By Omar Faridi  |  

Tradeteq, the tech provider for illiquid credit distribution, has introduced Tradeteq Access Lite, which is reportedly the “first-ever” marketplace for buy-side investors “to participate in the secondary trading of trade finance assets.’ More than 40 members of the Trade Finance Distribution Initiative (TFDi), the industry-led… Read More

June 26, 2022 @ 11:01 pm By Omar Faridi  |  

Surecomp recently announced that two financial institutions have subscribed to its newly launched RIVO platform “for collaborative trade finance.” DZ Bank is the first bank “to sign-up, alongside the leading provider of guarantee insurance in the Nordics.” Frankfurt-based DZ BANK – which also acts as… Read More

June 10, 2022 @ 3:07 pm By JD Alois  |  

Serai, an HSBC-founded venture based in Hong Kong that offered a B2B supply-chain platform, has shut down. The move was foreshadowed in an executive change last month when Vivek Ramachandran, formerly CEO of Seria, was appointed as Head of Global Trade and Receivables Finance (GTRF)… Read More

June 10, 2022 @ 7:56 am By Omar Faridi  |  

LiquidX, the global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets, announced a strategic investment from Citi (NYSE: C), one of the largest trade finance banks. The funding round was “led by Broadridge, LiquidX’s largest strategic investor.”… Read More

June 9, 2022 @ 10:29 am By Omar Faridi  |  

Triterras Inc., a Fintech company focused on trade and trade finance, and Unqork, the no-code enterprise application platform, recently announced that they have entered a partnership “to further digitize global trade finance.” Unqork will be used “to enhance the end-to-end trading lifecycle of Triterras’ Kratos… Read More

April 19, 2022 @ 10:09 am By Omar Faridi  |  

Societe Generale (GLE.PA) recently introduced its first acceleration program that’s dedicated to startups linked to Trade Finance, Cash Management, Factoring, and Cash Clearing & Correspondent Banking activities. The Group, a partner of many startups, is launching “a new call for projects to improve the customer… Read More

April 12, 2022 @ 9:07 am By JD Alois  |  

Stenn, an SME financing platform based in the UK, has raised $50 million in equity at a $900 million valuation, according to the company. Stenn was founded in 2015 by Greg Karpovsky, who has more than 20 years’ experience in digital trade finance. Centerbridge, based… Read More

March 24, 2022 @ 8:35 pm By Omar Faridi  |  

  Surecomp, which claims to be a market leader in international trade finance solutions for banking institutions and corporations, has confirmed that Societe Generale has now gone live with the latest version of its IMEX solution for back-office trade finance processing automation across four nations… Read More

March 22, 2022 @ 4:46 pm By Tony Zerucha  |  

Fishtail announced today it has raised $4.5 million in seed funding, led by Thursday Ventures, with participation from Rackhouse Ventures, Amara Ventures, and project44 CEO Jett McCandless and chief growth officer Jason Duboe. “Trade finance has been an under-invested asset class for far too long,” said Fishtail CEO Marc Held…. Read More

February 21, 2022 @ 6:25 pm By JD Alois  |  

Trade and supply chain finance platform Demica is reporting a new milestone; more than $20 billion in funding outstanding. According to Demica, its relationships with top banks and corporates have fueled its rapid growth enabling it to capture a good percentage of the over $130… Read More

February 10, 2022 @ 5:51 pm By Omar Faridi  |  

Surecomp has announced that Banco Pichincha – Ecuador’s financial institution with $4.5 billion in assets – has chosen its trade finance processing tech for front-to-back-office operations. The bank will deploy Surecomp’s Cloud-enabled Trade Finance-as-a-Service (TFaaS) solution “to support the growth of current and future trade… Read More

January 28, 2022 @ 10:04 am By Omar Faridi  |  

Surecomp has announced that Rabobank, the second-largest Dutch banking institution, is now fully operational with its integrated back and front-office digital trade finance services DOKA-NG and allNETT. Rabobank has introduced one of its Marketplace partner services – the digital adoption platform Walkme™, which is reportedly… Read More

November 24, 2021 @ 8:13 pm By Omar Faridi  |  

Drip Capital, Inc., a digital cross-border trade finance platform providing financing solutions to small and medium businesses, is pleased to confirm that Rahul Nath has joined the firm’s leadership team as the Product Head. With head offices in Palo Alto, California, Rahul brings more than… Read More

September 28, 2021 @ 10:40 pm By Omar Faridi  |  

Tradeteq has teamed up with Singapore-headquartered eXchange inFinite (XinFin) to provide tokenized trade finance products to institutional investors and has carried out its very first transaction. This is reportedly the first complete end-to-end transaction “following a unique set of regulatory guidelines and trade finance standards,”… Read More