Trade finance

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Surecomp hires Finastra's Tal Weiser as chief revenue officer

Surecomp today announced the appointment of Tal Weiser as Chief Revenue Officer to accelerate digital trade finance adoption and support the company’s growth objectives.

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Capital Bank goes live with Finastra

Finastra, a global provider of financial software applications and marketplaces, today announced that Capital Bank, a leading financial institution with commercial and investment banking expertise, has gone live with Finastra’s Corporate Channels and will soon follow with Trade Innovation as well as other Corporate Channels modules.

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Surecomp connects with Contour

Surecomp today announced that it is partnering with Contour, one of the global digital trade finance networks, as part of a collaborative vision to drive the digital transformation of trade finance across financial institutions.

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Contour strikes collaboration agreement with TradeGo

Contour, the global digital trade finance network has today announced its strategic partnership with TradeGo, a blockchain-based commodity trading service platform that enables the secure and transparent transfer of electronic Bills of Lading (eBL).

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Trade finance platform Marco secures $200 million credit facility

Marco — the first tech-enabled trade financing platform built for small and medium-sized businesses in Latin America and the United States— announced today it has received a $200 million credit facility from leading middle market lender MidCap Financial and global asset-based private credit specialist, Castlelake.

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Finastra and Integro team to manage risks in trade finance

Finastra, a global provider of financial services software applications and marketplaces, today announced a partnership with Integro Technologies a subsidiary of Aurionpro, the pioneer provider of high-end lending platforms, to offer Integro’s SmartLender Trade Limits solution alongside its own Trade Innovation solution.

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Trade financing platform 40Seas raises $111 million in debt and equity

40Seas, an innovative fintech platform for cross-border trade financing, has raised $111 million to deliver a much more efficient and cost-effective financing framework for SMEs involved in global commerce.

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Broadridge and LiquidX launch turnkey back office for trade finance

LiquidX, the leading global fintech platform for digitization, monetization, and risk mitigation for trade finance, announces its new business process outsourcing (BPO) service, InBlock TradeOps, in partnership with Broadridge Financial Solutions(NYSE: BR).

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Icici Bank unveils digital platform for exporters

ICICI Bank today announced the launch of digital solutions for exporters, a comprehensive set of banking and value-added services on a single platform.

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TradeSun acquires UK ESG company Coriolis Technologies

TradeSun, a leading provider of artificial intelligence solutions for trade compliance and automation, has acquired data company Coriolis Technologies, to expedite ESG-compliant trade.

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Contour hires JPMorgan's Chetan Talwar as head of sales

Contour, the digital trade finance network, has appointed Chetan Talwar to the role of Head of Global Sales.

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Times International picks SaaScada for core banking build out

Global trade is forecast to increase between 30% and 70% by 2030, with 80% relying on trade finance.

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Modefin secures African distribution deal with Finastra

Finastra, a global provider of financial software applications and marketplaces, and Modefin, a global fintech solution provider helping banks to thrive in the digital age, today announced their partnership to offer Finastra’s Fusion Trade Innovation and Fusion Essence solutions to banks in Africa and several Indian subcontinent markets.

/Trade finance

NBP taps Finastra and InfoTech to modernise trade finance operations

Finastra has today announced that NBP (National Bank of Pakistan) has implemented Finastra’s Fusion Trade Innovation solution to power its trade finance operations.

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Ashman Bank and nCino partner for proptech venture

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced its partnership with Ashman Bank, a new entrant bank with plans to transform the banking experience for UK property SMEs (small and medium sized enterprises), a £90bn market opportunity.

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Capital on Tap secures credit facility

Global FinTech Capital on Tap has secured a £100 million corporate revolving credit facility with Atalaya Capital Management to provide small businesses in the UK and US with a central hub to manage all aspects of their business finances.

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Citi makes Apac treasury and trade appointment

We are pleased to announce that Kanika Thakur has been appointed Head of Corporate, Commercial and Public Sector Sales for Treasury and Trade Solutions in Asia Pacific.

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Brinc buys shares in Asian digital asset exchange

Brinc, a leading global venture accelerator founded on a sustainability mandate, announces its partnership with Fusang Corp, owner and operator of Asia’s first fully licensed and regulated digital exchange for security tokens and assets, to make startup investment more inclusive by leveraging blockchain technology and unlocking the use of a regulated digital asset exchange, wholly owned by Fusang Corp, namely Fusang Digital Asset Exchange.

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DBS launches AI-based financing tool for SMEs

Just as the Covid-19 pandemic looked like it was under control, SMEs in Singapore are now grappling with an inflationary environment, an impending GST hike, supply chain challenges, and rising interest rates.

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UBCI selects Profile Software’s treasury management package

Profile Software, a leading financial solutions provider, has announced today that UBCI (Union Bancaire pour le Commerce et I’Industrie) has selected Acumen.plus, the internationally implemented Treasury Management solution, to effectively cover the entire spectrum of treasury and streamline their operations in the most efficient way.

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