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  • Hire Dedicated Reactjs Developers for Web Development Services.

    ReactJs Developers for ReactJs Services for all business heads, SMEs, and new businesses. We help you create large and complex web and mobile applications to build scalable web and mobile apps. Visit now https://reactjsdeveloper.com
    Hire Dedicated Reactjs Developers for Web Development Services. ReactJs Developers for ReactJs Services for all business heads, SMEs, and new businesses. We help you create large and complex web and mobile applications to build scalable web and mobile apps. Visit now https://reactjsdeveloper.com
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    React JS Developer - React JS Programmer [Hire in 24 Hours]
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  • ANEXT Bank’s Soft Launch Drives Fintech For SMEs

    As per the latest news, ANEXT Bank, a digital wholesale bank established in Singapore and an entirely owned subsidiary of Ant Group, reported its soft launch today. This soft launch is followed by its receipt of MAS’s acceptance to start its business operations on 2nd June 2022. The newly announced Singapore-based digital bank is all set to provide its digital financial services to local and regional MSMEs, especially those who are engaged in international trade and looking for development and worldwide extension. No doubt that fintechs are important for small exporters.

    Remarking on the soft launch, Ms. Toh Su Mei, the Chief Executive Officer of ANEXT Bank and an expert in finance & banking for over 20 years, stated, “We think that this is the need of the hour to introduce modern & advanced financial services that can be easily accessed and easier for developing organizations. In an era where the digital economy is increasing at a fast pace, business standards are changing and adopting digital technologies as its priority, if not considering a hybrid model. Financial services need transforming and are where SMEs are operating their business activities digitally. ”

    “We are capable enough to fulfill our aforesaid vision, utilizing Ant Group’s profound position of technologies and knowledge, along with our client-oriented local team dedicated to facilitating the SME community. By considering our open and collaborative methodologies, we are thinking of associating with industry partners and the public sector to deliver SMEs with digital financial services that are easier, secure, and more fruitful,” she added.

    Read more: https://www.emeriobanque.com/news/anext-banks-soft-launch-drives-fintech-for-smes

    #ANEXTBank #SMEs #digitalfinancialservices #fintechs #internationaltrade #tradefinance #tradeSMEs
    ANEXT Bank’s Soft Launch Drives Fintech For SMEs As per the latest news, ANEXT Bank, a digital wholesale bank established in Singapore and an entirely owned subsidiary of Ant Group, reported its soft launch today. This soft launch is followed by its receipt of MAS’s acceptance to start its business operations on 2nd June 2022. The newly announced Singapore-based digital bank is all set to provide its digital financial services to local and regional MSMEs, especially those who are engaged in international trade and looking for development and worldwide extension. No doubt that fintechs are important for small exporters. Remarking on the soft launch, Ms. Toh Su Mei, the Chief Executive Officer of ANEXT Bank and an expert in finance & banking for over 20 years, stated, “We think that this is the need of the hour to introduce modern & advanced financial services that can be easily accessed and easier for developing organizations. In an era where the digital economy is increasing at a fast pace, business standards are changing and adopting digital technologies as its priority, if not considering a hybrid model. Financial services need transforming and are where SMEs are operating their business activities digitally. ” “We are capable enough to fulfill our aforesaid vision, utilizing Ant Group’s profound position of technologies and knowledge, along with our client-oriented local team dedicated to facilitating the SME community. By considering our open and collaborative methodologies, we are thinking of associating with industry partners and the public sector to deliver SMEs with digital financial services that are easier, secure, and more fruitful,” she added. Read more: https://www.emeriobanque.com/news/anext-banks-soft-launch-drives-fintech-for-smes #ANEXTBank #SMEs #digitalfinancialservices #fintechs #internationaltrade #tradefinance #tradeSMEs
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    ANEXT Bank’s Soft Launch Drives Fintech For SMEs
    Anext bank announces its soft launch as Singapore's newest digital wholesale bank to accelerate digital financial services to local and regional MSMEs. Know more.
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  • Metalworking Fluids Market : Report Highlights the Competitive Scenario with Impact of Drivers And Challenges 2027
    As per a published report by Fortune Business Insights™ The global metalworking fluids market size is projected to reach USD 11.60 billion by the end of 2027. The increasing investments in the research and development of low cost and efficient products will have a huge impact on the growth of the market. According to a report published by Fortune Business Insights, the market was worth USD 10.25 billion in 2019 and will exhibit a CAGR of 4.3% during the forecast period, 2020-2027.

    Metalworking fluids are used in heavy machinery and equipment to reduce the friction between two surfaces. The ability of these fluids to reduce the overall heat produced when in use, will contribute to the growing demand for the product across the world. The increasing investments in the research and development of efficient products will emerge in favor of the growth of the overall market in the coming years.

    The increasing adoption of heavy machinery and equipment, driven by the rising industrial production and manufacturing units across the world will aid the growth of the market. The presence of several large scale manufacturers in this sector will also contribute to the growth of the overall metalworking fluids market in the foreseeable future.

    Shutdown in Manufacturing Units will have a Negative Impact on Manufacturers during the Covid-19 Pandemic

    The rapid spread of the coronavirus in several countries across the world has had a negative impact on several manufacturing units across the world. Due to the strict measures implemented by governments across the world, manufacturing units have come to a standstill. Due to social distancing practices, there has been a shortage in man power and labor across the world. This has had an adverse effect on manufacturers in the metalworking fluids sector across the world. Accounting to the adverse effects of the pandemic on the market, companies might look to implement newer strategies once the pandemic is over, with the aim of recovering the economic losses.

    Company Mergers and Acquisitions are an Increasing Trend Among Industrial Manufacturing Companies and Fluid Manufacturers

    The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the massive demand for metalworking fluids across the world, there have been several company mergers and acquisitions in recent times. Due to healthy market competition, large scale companies are looking to acquire start-ups as well as SMEs with the aim of establishing a stronghold in the market. In August 2020, Quaker Chemical Corporation announced that it has completed the acquisition of Lubricor Inc. The latter is a manufacturer of and metalworking fluids that have been categorized for use in industrial machinery and equipment. This acquisition will not just help the company grow but will also influence the growth of the overall market in the coming years. The report highlights a few other company mergers of recent times and discusses their impact on the global market.

    Asia Pacific to Emerge Dominant; Increasing Manufacturing Units to Emerge in Favor of Market Growth

    The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of industrial manufacturing units in countries such as India and China will have a massive impact on the growth of the regional market. The presence of several large scale metalworking fluids manufacturers in these countries is consequential to the increasing demand for several resources. This is mainly attributable to the increasing population across the region. As of 2019, the market in Asia Pacific was worth USD 4.11 billion and this value is projected to rise at a considerable pace in the coming years.


    Source: https://www.fortunebusinessinsights.com/industry-reports/metalworking-fluids-market-101391
    Metalworking Fluids Market : Report Highlights the Competitive Scenario with Impact of Drivers And Challenges 2027 As per a published report by Fortune Business Insights™ The global metalworking fluids market size is projected to reach USD 11.60 billion by the end of 2027. The increasing investments in the research and development of low cost and efficient products will have a huge impact on the growth of the market. According to a report published by Fortune Business Insights, the market was worth USD 10.25 billion in 2019 and will exhibit a CAGR of 4.3% during the forecast period, 2020-2027. Metalworking fluids are used in heavy machinery and equipment to reduce the friction between two surfaces. The ability of these fluids to reduce the overall heat produced when in use, will contribute to the growing demand for the product across the world. The increasing investments in the research and development of efficient products will emerge in favor of the growth of the overall market in the coming years. The increasing adoption of heavy machinery and equipment, driven by the rising industrial production and manufacturing units across the world will aid the growth of the market. The presence of several large scale manufacturers in this sector will also contribute to the growth of the overall metalworking fluids market in the foreseeable future. Shutdown in Manufacturing Units will have a Negative Impact on Manufacturers during the Covid-19 Pandemic The rapid spread of the coronavirus in several countries across the world has had a negative impact on several manufacturing units across the world. Due to the strict measures implemented by governments across the world, manufacturing units have come to a standstill. Due to social distancing practices, there has been a shortage in man power and labor across the world. This has had an adverse effect on manufacturers in the metalworking fluids sector across the world. Accounting to the adverse effects of the pandemic on the market, companies might look to implement newer strategies once the pandemic is over, with the aim of recovering the economic losses. Company Mergers and Acquisitions are an Increasing Trend Among Industrial Manufacturing Companies and Fluid Manufacturers The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the massive demand for metalworking fluids across the world, there have been several company mergers and acquisitions in recent times. Due to healthy market competition, large scale companies are looking to acquire start-ups as well as SMEs with the aim of establishing a stronghold in the market. In August 2020, Quaker Chemical Corporation announced that it has completed the acquisition of Lubricor Inc. The latter is a manufacturer of and metalworking fluids that have been categorized for use in industrial machinery and equipment. This acquisition will not just help the company grow but will also influence the growth of the overall market in the coming years. The report highlights a few other company mergers of recent times and discusses their impact on the global market. Asia Pacific to Emerge Dominant; Increasing Manufacturing Units to Emerge in Favor of Market Growth The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of industrial manufacturing units in countries such as India and China will have a massive impact on the growth of the regional market. The presence of several large scale metalworking fluids manufacturers in these countries is consequential to the increasing demand for several resources. This is mainly attributable to the increasing population across the region. As of 2019, the market in Asia Pacific was worth USD 4.11 billion and this value is projected to rise at a considerable pace in the coming years. Source: https://www.fortunebusinessinsights.com/industry-reports/metalworking-fluids-market-101391
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Metalworking Fluids Market Size & Share | Industry Report [2020-2027]
    The global metalworking fluids market size was $10.25 billion in 2019 & it is projected to reach $11.60 billion by 2027, at a CAGR of 4.3% in the forecast period
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  • https://nilechronicles.com/uganda-promotes-smes-and-seeks-to-have-a-joint-process-of-raw-materials-at-the-2nd-drc-uganda-business-summit

    #NileChronicles
    https://nilechronicles.com/uganda-promotes-smes-and-seeks-to-have-a-joint-process-of-raw-materials-at-the-2nd-drc-uganda-business-summit #NileChronicles
    NILECHRONICLES.COM
    Uganda promotes SMEs, and seeks to have a joint process of raw materials at the 2nd DRC-Uganda Business summit
    Uganda promotes SMEs, and seeks to have a joint process of raw materials at the 2nd DRC-Uganda Business summit Joint processing of raw materials can be done from here by the EAC member states. Odrek Rwabogo the senior presidential advisor-special duties highlighted this as one of the key priorities that the EAC states can look into to achieve tremendous growth and outcompete others. He is part of a 200-strong delegation in Goma taking part in the Uganda-DRC Business summit that is aimed at Investment Promotion and Market Access - By John Kusolo
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  • India Exim Sets To Announce Export Factoring For MSMEs

    According to the latest news, the Export-Import Bank of India (India Exim) is all set to introduce its export factoring program for MSMEs (micro and small to medium enterprises) this year to strengthen their liquidity and support non-payment risks.

    When the scheme was approved by its board, the bank intended to carry out pilot transactions by the end of September, as per the statement given by N. Ramesh, India Exim deputy managing director.

    Under the scheme of trade finance, the bank is going to purchase the invoices from the Indian exporters. It will result in the early payment to the exporters while the lender takes the responsibility for payment faults made by the overseas buyers who buy Indian exports. According to the bank, the risk of non-payment is increasing these days.

    Read more: https://www.emeriobanque.com/news/india-exim-sets-to-announce-export-factoring-for-msmes

    #tradefinance #Indianexporters #MSMEs #tradeinsurance #ImportBank
    India Exim Sets To Announce Export Factoring For MSMEs According to the latest news, the Export-Import Bank of India (India Exim) is all set to introduce its export factoring program for MSMEs (micro and small to medium enterprises) this year to strengthen their liquidity and support non-payment risks. When the scheme was approved by its board, the bank intended to carry out pilot transactions by the end of September, as per the statement given by N. Ramesh, India Exim deputy managing director. Under the scheme of trade finance, the bank is going to purchase the invoices from the Indian exporters. It will result in the early payment to the exporters while the lender takes the responsibility for payment faults made by the overseas buyers who buy Indian exports. According to the bank, the risk of non-payment is increasing these days. Read more: https://www.emeriobanque.com/news/india-exim-sets-to-announce-export-factoring-for-msmes #tradefinance #Indianexporters #MSMEs #tradeinsurance #ImportBank
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    India Exim Sets To Announce Export Factoring For MSMEs
    The Export-Import Bank of India is expected to launch an export factoring scheme to strengthen payment systems and liquidity ratios for the MSMEs. Know more.
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  • Global Fraud Detection and Prevention Market


    Global Fraud Detection and Prevention Market Insights
    The Global Fraud Detection and Prevention market size is expected to reach USD 132,661.23 Million by 2027, from USD 25,534.44 Million in 2021, at a CAGR of 22.9% during the forecast period (2021 - 2027).

    The adoption of digitalization and IoT increased the adoption rate of fraud detection and prevention systems. however, increased revenue loss due to fraud is the major factor expected to drive the growth of the FDP market. Several opportunities exist in the FDP market, including an increase in the use of AI and ML in the banking sector to boost the fraud detection and prevention market, as well as an increase in demand for fraud detection and prevention solutions in SMEs.
    Get free report copy at : https://skyquestt.com/report/fraud-detection-and-prevention-market

    Global Fraud Detection and Prevention Market Segmental Analysis
    The Global Fraud Detection and Prevention market is segmented based on Component, Application, Deployment, Enterprise’s size, Industry and Region. Based on Component is Categorized into Solutions and Services, Based on Application Area is Categorized into Insurance Claims, Money Laundering, Electronic Payment, and others, Based on Deployment Cloud and On-Premise, Based on Enterprise Size is Categorized into Large Enterprises and Small & Medium Enterprises (SMEs), Based on Industry is Categorized into BFSI, IT and Telecom, Retail and Consumer Packaged Goods, Government, Construction and Real Estate, Energy and Utilities, Travel and Transportation, Manufacturing, Healthcare and Life Sciences, Media and Entertainment and Other. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

    Top Players Company Profiles
    • IBM Corporation (US)
    • Uplexis (Brazil)
    • Experian Information Solutions, Inc. (Brazil)
    • Gemalto - Thales Group (France)
    • ACI Worldwide, Inc. (US)
    • BAE Systems (US)
    • Fair Isaac Corporation (US)
    • Fidelity National Information Services, Inc. (US)
    • LexisNexis (US)
    • NICE Actimize Ltd. (Israel)

    Get free sample PDF report copy at : https://skyquestt.com/sample-request/fraud-detection-and-prevention-market

    Recent Developments
    • In February 2021, ClearSale LLC launched an e-commerce podcast to detect and mitigate fraud. During the ongoing COVID-19 pandemic, the solution was created to discuss the challenges and emerging trends in fraud across e-commerce and social media platforms.
    • In October 2020, during a pandemic, Thales Group and Gemalto launched an identity verification suite. By digitally checking IDs, the solution helps to reduce ID fraud. Such proactive initiatives are expected to drive the growth of the fraud detection and prevention market in the coming years.
    • In July 2020, NICE Actimize improved SURVEIL-X, a comprehensive trade surveillance solution. SURVEIL-X has been enhanced with self-service analytics for customs risk detection. Financial Services Organizations (FSOs) can use SURVEIL-X Studio to quickly create, test, and deploy custom analytics risk detection models to close regulatory and operational risk gaps.

    Global Fraud Detection and Prevention Market Global Fraud Detection and Prevention Market Insights The Global Fraud Detection and Prevention market size is expected to reach USD 132,661.23 Million by 2027, from USD 25,534.44 Million in 2021, at a CAGR of 22.9% during the forecast period (2021 - 2027). The adoption of digitalization and IoT increased the adoption rate of fraud detection and prevention systems. however, increased revenue loss due to fraud is the major factor expected to drive the growth of the FDP market. Several opportunities exist in the FDP market, including an increase in the use of AI and ML in the banking sector to boost the fraud detection and prevention market, as well as an increase in demand for fraud detection and prevention solutions in SMEs. Get free report copy at : https://skyquestt.com/report/fraud-detection-and-prevention-market Global Fraud Detection and Prevention Market Segmental Analysis The Global Fraud Detection and Prevention market is segmented based on Component, Application, Deployment, Enterprise’s size, Industry and Region. Based on Component is Categorized into Solutions and Services, Based on Application Area is Categorized into Insurance Claims, Money Laundering, Electronic Payment, and others, Based on Deployment Cloud and On-Premise, Based on Enterprise Size is Categorized into Large Enterprises and Small & Medium Enterprises (SMEs), Based on Industry is Categorized into BFSI, IT and Telecom, Retail and Consumer Packaged Goods, Government, Construction and Real Estate, Energy and Utilities, Travel and Transportation, Manufacturing, Healthcare and Life Sciences, Media and Entertainment and Other. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA. Top Players Company Profiles • IBM Corporation (US) • Uplexis (Brazil) • Experian Information Solutions, Inc. (Brazil) • Gemalto - Thales Group (France) • ACI Worldwide, Inc. (US) • BAE Systems (US) • Fair Isaac Corporation (US) • Fidelity National Information Services, Inc. (US) • LexisNexis (US) • NICE Actimize Ltd. (Israel) Get free sample PDF report copy at : https://skyquestt.com/sample-request/fraud-detection-and-prevention-market Recent Developments • In February 2021, ClearSale LLC launched an e-commerce podcast to detect and mitigate fraud. During the ongoing COVID-19 pandemic, the solution was created to discuss the challenges and emerging trends in fraud across e-commerce and social media platforms. • In October 2020, during a pandemic, Thales Group and Gemalto launched an identity verification suite. By digitally checking IDs, the solution helps to reduce ID fraud. Such proactive initiatives are expected to drive the growth of the fraud detection and prevention market in the coming years. • In July 2020, NICE Actimize improved SURVEIL-X, a comprehensive trade surveillance solution. SURVEIL-X has been enhanced with self-service analytics for customs risk detection. Financial Services Organizations (FSOs) can use SURVEIL-X Studio to quickly create, test, and deploy custom analytics risk detection models to close regulatory and operational risk gaps.
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  • Citi eyes Africa supply chain finance boost with support from British International Investment

    Citi has signed a risk-sharing deal with British International Investment (BII), the UK’s development finance institution, as part of plans to increase its supply chain finance volumes in Africa.

    The US$100mn master guarantee facility will see BII – which was formerly known as the CDC Group before a rebrand this year – act as a guarantor for supply chain finance facilities provided by Citi to SME suppliers and underserved segments, with the bank saying that it will be able to increase its annual SCF volumes in the continent by up to US$400mn as a result.

    BII and Citi have agreed to set impact criteria to ensure that flexible capital is being directed toward underserved groups, women-owned businesses and enterprises targeted by the South African government’s Broad-based Black Economic Empowerment programme, which encourages businesses to integrate black people in the workplace, support black businesses, and give back to black communities affected by land repossession.

    Read more: https://ngulminthanglhanghal.wordpress.com/2022/05/20/citi-eyes-africa-supply-chain-finance-boost-with-support-from-british-international-investment/

    #NgulminthangLhanghal #finance #BritishInternational #Investment #CDC Group #ChrisCox #Citi #SMEs #SupplyChainFinance #TradeFinanceGap
    Citi eyes Africa supply chain finance boost with support from British International Investment Citi has signed a risk-sharing deal with British International Investment (BII), the UK’s development finance institution, as part of plans to increase its supply chain finance volumes in Africa. The US$100mn master guarantee facility will see BII – which was formerly known as the CDC Group before a rebrand this year – act as a guarantor for supply chain finance facilities provided by Citi to SME suppliers and underserved segments, with the bank saying that it will be able to increase its annual SCF volumes in the continent by up to US$400mn as a result. BII and Citi have agreed to set impact criteria to ensure that flexible capital is being directed toward underserved groups, women-owned businesses and enterprises targeted by the South African government’s Broad-based Black Economic Empowerment programme, which encourages businesses to integrate black people in the workplace, support black businesses, and give back to black communities affected by land repossession. Read more: https://ngulminthanglhanghal.wordpress.com/2022/05/20/citi-eyes-africa-supply-chain-finance-boost-with-support-from-british-international-investment/ #NgulminthangLhanghal #finance #BritishInternational #Investment #CDC Group #ChrisCox #Citi #SMEs #SupplyChainFinance #TradeFinanceGap
    NGULMINTHANGLHANGHAL.WORDPRESS.COM
    Citi eyes Africa supply chain finance boost with support from British International Investment
    Citi has signed a risk-sharing deal with British International Investment (BII), the UK’s development finance institution, as part of plans to increase its supply chain finance volumes in Africa.
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  • #CorewaySolution is a prominent and professional offshore web application development company that provides the result oriented offshore# webapplicationdevelopment to SMEs, enterprise and start-ups across the globe. Since every business comes with its set of unique challenges and processes, we provide each and every business tailor-made solution that best meets their #business needs. Our rich and enhanced experience in the same domain enables us to deploy solutions with the maximum benefits of information technology. Our web development service caters a diverse range of industry verticals that encompass #Finance, #fitness, #health, #pharmacy & #medicine, #hospitality, #travel and many more.


    http://corewaysolution.com/
    #CorewaySolution is a prominent and professional offshore web application development company that provides the result oriented offshore# webapplicationdevelopment to SMEs, enterprise and start-ups across the globe. Since every business comes with its set of unique challenges and processes, we provide each and every business tailor-made solution that best meets their #business needs. Our rich and enhanced experience in the same domain enables us to deploy solutions with the maximum benefits of information technology. Our web development service caters a diverse range of industry verticals that encompass #Finance, #fitness, #health, #pharmacy & #medicine, #hospitality, #travel and many more. http://corewaysolution.com/
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    Home
    Coreway Solution is an experienced CMS solutions and ecommerce web development company and is pioneer in offering money back guarantee since 2010 if not satisfied. We have successfully delivered 750+ projects in 21+ countries across 20+ industries.
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  • Citi Strives To Boost Africa Supply Chain Finance BII Support

    The latest news highlights a risk-sharing lending arrangement between Citi and BII (British International Investment) worth $100 million, focused on boosting supply chain financing volume in Africa by up to four times as a result.

    Through this US$100mn funding support provided by BII, Citi is looking forward to improving its supply chain lending in the continent for Small and Medium Enterprises (SMEs) that often struggle to access trade finance services or other funding facilities. In the aforesaid deal, BII will deliver its guarantor services for the lending services given by Citi to small importer-exporters and underserved industries. It means that both the parties will bear 50/50 risk - BII would cover half the losses in a situation where a small business fails to pay the loan granted by Citi.

    “The recent Master Guarantee risk-sharing deal will enable Citi’s supply chain financing structure to grow & enhance in Africa by up to $400 million” BII stated.

    Read more: https://www.emeriobanque.com/news/citi-strives-to-boost-africa-supply-chain-finance-bii-support

    #tradefinanceservices #SMEs #supplychainfinanceservices #SCFservices #globalfinancial
    Citi Strives To Boost Africa Supply Chain Finance BII Support The latest news highlights a risk-sharing lending arrangement between Citi and BII (British International Investment) worth $100 million, focused on boosting supply chain financing volume in Africa by up to four times as a result. Through this US$100mn funding support provided by BII, Citi is looking forward to improving its supply chain lending in the continent for Small and Medium Enterprises (SMEs) that often struggle to access trade finance services or other funding facilities. In the aforesaid deal, BII will deliver its guarantor services for the lending services given by Citi to small importer-exporters and underserved industries. It means that both the parties will bear 50/50 risk - BII would cover half the losses in a situation where a small business fails to pay the loan granted by Citi. “The recent Master Guarantee risk-sharing deal will enable Citi’s supply chain financing structure to grow & enhance in Africa by up to $400 million” BII stated. Read more: https://www.emeriobanque.com/news/citi-strives-to-boost-africa-supply-chain-finance-bii-support #tradefinanceservices #SMEs #supplychainfinanceservices #SCFservices #globalfinancial
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    Citi Strives To Boost Africa Supply Chain Finance BII Support
    British International Investment (BII) and Citi have signed a $100 million risk-sharing facility to boost supply chain financing to SMEs across Africa. Read the full news.
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  • Contour Partners With TradeLens To Digitally Transform Trade Finance Workflows

    As per the latest news, Contour, a global digital trade finance network has reported its partnership with TradeLens, a blockchain-based supply chain platform focused on delivering a secure, safe & transparent transfer of electronic Bills of Lading (eBL).

    This aforesaid Contour-TradeLens Partnership seems critical for the ecosystem as it consolidates direct access to significant ocean carriers with a structured trade finance network. No arrangement could provide a phenomenal solution like these kinds of partnerships where the corporates and banks can synchronize their trade finance services with the physical shipment and enjoy an interoperable, end-to-end paperless transaction.

    The demand for these kinds of digital trade solutions has reached its peak and the biggest reason is the sudden outbreak of the global pandemic that exposed the vulnerability of global supply chains and highlighted liquidity requirements on SMEs. In international trade, a Bill of Lading is a critical document that shows that the shipment has been performed, and the banks are required to fund goods that are still in transit (by waterways). These digitally-transformed eBills will simplify and structure the entire trade finance process.

    Read more: https://www.emeriobanque.com/news/contour-partners-with-tradelens-to-digitally-transform-trade-finance-workflows

    #globaldigitaltradefinance #tradefinanceservices #SMEs #globalsupplychains #TradeLens #Contour #internationaltrade
    Contour Partners With TradeLens To Digitally Transform Trade Finance Workflows As per the latest news, Contour, a global digital trade finance network has reported its partnership with TradeLens, a blockchain-based supply chain platform focused on delivering a secure, safe & transparent transfer of electronic Bills of Lading (eBL). This aforesaid Contour-TradeLens Partnership seems critical for the ecosystem as it consolidates direct access to significant ocean carriers with a structured trade finance network. No arrangement could provide a phenomenal solution like these kinds of partnerships where the corporates and banks can synchronize their trade finance services with the physical shipment and enjoy an interoperable, end-to-end paperless transaction. The demand for these kinds of digital trade solutions has reached its peak and the biggest reason is the sudden outbreak of the global pandemic that exposed the vulnerability of global supply chains and highlighted liquidity requirements on SMEs. In international trade, a Bill of Lading is a critical document that shows that the shipment has been performed, and the banks are required to fund goods that are still in transit (by waterways). These digitally-transformed eBills will simplify and structure the entire trade finance process. Read more: https://www.emeriobanque.com/news/contour-partners-with-tradelens-to-digitally-transform-trade-finance-workflows #globaldigitaltradefinance #tradefinanceservices #SMEs #globalsupplychains #TradeLens #Contour #internationaltrade
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    Contour Partners With TradeLens To Digitally Transform Trade Finance Workflows
    Contour partners with TradeLens to further digitize international trade finance procedures with digitized e-Bills of Lading and end-to-end paperless transactions.
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