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Large Banks Pile into Blockchain Trading Platform Project

Large, multinational banks are partnering together to build a new global trade finance platform using Blockchain technology. According to a report in Global Trade Review (GTR), Commerzbank, Bank of Montreal, Erste Group and CaixaBank are joining a project underway by UBS and IBM dubbed Batavia in an expansion of a proof of concept that IBM and UBS launched at Sibos ... Read More »

Asian Development Survey Suggests Fintech, Digitization Still Not Significantly Impacting Trade Finance Gap

Banks and companies in the trade finance sector are increasingly using digital solutions to address companies’ significant and unmet financing needs. Yet the global trade finance gap—estimated at $1.5 trillion, with approximately 40% originating in Asia and the Pacific—persists in a stable state, with emerging economies and small- and mid-size enterprises (SME) bearing the brunt of financing shortfalls. More than ... Read More »

FINTECH TINUBU SQUARE SECURES €53M INVESTMENT FROM LONG ARC CAPITAL & BPIFRANCE

Tinubu Square, a leading provider of trade credit risk management solutions, announces the investment of €53 million from Long Arc Capital and Bpifrance to accelerate the development of its technology solutions for credit and surety insurers, trade finance banks and export credit agencies.   With this capital injection, US-based investment firm Long Arc Capital takes a majority stake in Tinubu ... Read More »

Creditinfo Announces newly Integrated Identity Management System Technology at Creditinfo Global Forum

ShoCard, a leading blockchain-based identity management system (IMS), together with Creditinfo, a leading service provider for credit information and risk management solutions worldwide, today announce the ShoCard IMS’s integration into the new Creditinfo app. The app enables individuals to claim their identity and obtain personal credit information that can be shared with any third party, as well as be independently verified ... Read More »

Introducing the DueDil Credit Risk Filter

Understand the risk posed by prospects, customers and suppliers without running a credit check. With the new Credit Risk filter from DueDil, you can automatically filter for companies based on their level of credit risk. Looking to target only low-risk prospects? Or high-risk companies that may be in need of your services?  Simply apply this filter to any search to ... Read More »

INFORMA D&B First Half Year Revenues Up 2.6%

INFORMA D&B S. A. (SME), owned by Cesce, has reported sales of 32,792,056 euros in the first semester of the year, resulting in a 3.6% increase compared to the same period in 2016.  Profits after taxes reach, for the first time, 6,032,931 euros in the first semester, a 3.8% increase. According to Juan Mª Sainz, the company’s CEO, “two years ... Read More »

Tinubu Square Provides Fresh Perspective on Customer Risk Management with New Updates to Its Popular Risk Platform

New ergonomics, new functionalities: Tinubu Risk Management Center enhanced for finance and factoring companies. Tinubu Square, one of the leading expert in trade credit risk management solutions for trade credit insurers and businesses, has launched a new version of its popular Risk Management Center (RMC). The technology platform that is already widely used by multinational organisations has been completely redesigned to better ... Read More »

Alibaba to Bring US Businesses Online to China

Riding on the coattails of its first annual conference in Detroit aimed at connecting U.S. businesses with Chinese consumers, Alibaba Group has launched a new website to support the effort. Dubbed the Taobao Global U.S. Merchants Network, the company said it will provide small and medium-size businesses in the U.S. with access to more than 500 million consumers that are ... Read More »

Banks Signal the Death of Traditional Trade Finance

Banks around the world are sounding the death knell for traditional trade finance instruments, with the vast majority expecting a sharp decline in their usage over the coming year.  The main problem is compliance and regulations plus the general de-risking of banks (less lending), cutting ties with correspondence banks etc. The annual Rethinking Trade Finance report from the International Chamber of Commerce ... Read More »

Tinubu Square Provides Fresh Perspective on Customer Risk Management with New Updates to its Popular Risk Platform

New ergonomics, new functionalities: Tinubu Risk Management Center enhanced for finance and factoring companies Tinubu Square, the leading expert in trade credit risk management solutions for trade credit insurers and businesses, has launched a new version of its popular Risk Management Center (RMC). The technology platform that is already widely used by multinational organisations has been completely redesigned to better ... Read More »

Tightening of Short-term Business Loans in China Worries Some Analysts

The rate of short-term, non-financial corporate bank loans to companies in China has fallen in recent months to less than 1% from a high of 4.8% growth in January 2016.  The tightening—a result of Chinese policymakers’ shift to reduce debt in sectors with excess capacity like iron and coal production—is helping improve China’s overall creditworthiness, notes a recent report in ... Read More »

Why Amazon’s Growth in Small Business Lending Threatens the Banking System

Amazon could strangle the competition in small business finance, but also all other third parties who are part of traditional supply chains. Amazon has recently announced that it had surpassed $1 billion in small-business loans to more than 20,000 merchants involved in its Amazon Marketplace in the U.S. UK, and Japan during the past year. In fact, since Amazon Lending began in 2011, it ... Read More »

Credit Management Index (CMI) Could Begin Summer with Firm Rebound

The numbers in NACM’s June Credit Managers’ Index (CMI), which will be released Friday at nacm.org, are likely to reflect a strong monthly rebound in business conditions. The index has been on a roller-coaster ride over prior months, mirroring the volatility in many kinds of economic data streams. “The fact is that there are contradictory waves coursing through the economy as ... Read More »

Atradius Unveils Atrium – A New Online Credit Management Portal

Credit limits approved in minutes with just a few clicks Atradius announced an upgrade to its digital platform with the unveiling of ‘Atrium’, its new credit management portal. Atrium is an advanced way for business to complete credit insurance transactions creating a new level of service. The Oracle based portal is designed to evolve with digital advancements and user requirements. ... Read More »