Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Emirates NBD takes stake in trade finance fintech Komgo

Dubai's biggest lender Emirates NBD has made an equity investment in Geneva-headquartered trade finance and treasury network Komgo.

05 September 2023

Company update/wholesale

Trade finance and treasury partner network T3i goes live

T3i Partner Network LLP, a global collective of industry-leading specialists in trade, treasury and technology, officially announces its launch with a mission to drive success in the trade finance and treasury landscape.

04 September 2023

Company update/wholesale

Surecomp turns to Pelican AI to streamline trade documenation

Surecomp today announced that it is partnering with Pelican AI, a global provider of AI-powered financial crime and compliance solutions, as part of a collaborative vision to drive the digital transformation of trade-based risk management.

31 August 2023

Company update/startups

Channel provides funding to cross-border fintech Tint Financial Services

Channel, an alternative investment fund manager specialising in technology-driven trade finance and B2B lending, today announced that it has provided funding to support lending activity at Tint Financial Services (Tint), a new fintech platform providing cross-border trade finance.

31 August 2023

News/startups

African startups raise $2.7bn in VC funding

Startups in Africa's fintech market have secured more than $2.7bn in venture capital (VC) funding in the last two years, according to a recently released report.

30 August 2023

Company update/payments

Walbing receives Payment Service licence from BaFin

The B2B FinTech company, WALBING, has obtained a Payment Service License from the German Federal Financial Supervisory Authority.

29 August 2023

Company update/wholesale

Absa CIB joins Contour trade finance network

Contour, the leading digital trade finance network, announced that leading Pan-African bank, Absa Corporate and Investment Bank (CIB), is the first African bank to officially join its growing production network.

14 August 2023

Company update/Trade finance

MUFG joins Contour trade finance network

Contour, the leading digital trade finance network, announced today that the Singapore office of MUFG Bank (MUFG), Japan’s premier bank is joining its growing digital network.

01 August 2023

News/sustainable

Fintech and sustainability at the heart of UK and Singapore’s Financial Dialogue

HM Treasury and the Monetary Authority of Singapore (MAS) held the eighth UK-Singapore Financial Dialogue in London yesterday, discussing further collaboration in sustainable finance and fintech.

28 July 2023

News/wholesale

Commerzbank makes blockchain-based trade finance transactions

Commerzbank has completed a blockchain-based Letter of Credit transaction for a client on the Contour digital trade finance platform.

27 July 2023

Company update/wholesale

Surecomp and ICE Digital Trade cement partnership to drive electronic trade document exchange

Surecomp today announced a strategic partnership with ICE Digital Trade, formerly known as essDOCS, to drive expanded digital trade finance capabilities for corporates, banks and other financial institutions.

25 July 2023

News/wholesale

Santander invests in trade finance network Komgo

Santander has invested in Komgo as part of a wide-ranging partnership with the digital trade finance network.

30 June 2023

News/payments

Visa acquires core banking platform Pismo for $1bn

Credit card behemoth Visa has splashed out $1bn to acquire Brazil-based core banking platform Pismo.

29 June 2023

News/wholesale

Wells Fargo backs $70m fund to help underserved SMEs access credit

Wells Fargo is backing a new $70 million “equitable access fund” from Hello Alice and the Global Entrepreneurship Network (GEN) that will target underserved high-potential but credit-challenged small business owners.

29 June 2023

News/wholesale

JP Morgan invests in trade finance fintech

Wall Street bank JP Morgan has made a strategic investment in a fintech startup focused on trade finance.

21 June 2023

Company update/Trade finance

Consortium delivers cross-border quantum-secure digital trade transaction

An international consortium of industry and technical experts, supported by government, business and other organisations have completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognisable solution for future digital trade transactions.

15 June 2023

Company update/crypto

BIS Project Dynamo develops smart contract prototype for SME finance

A new prototype developed as part of Project Dynamo explored how institutional investors can be encouraged to finance small and medium-sized enterprises (SMEs) through the programmability and transferability of digital trade tokens on a public blockchain.

08 June 2023

Company update/wholesale

Mitigram raises $11 million in latest funding round

Mitigram, the leading digital platform in global trade financing, today announces it has secured an additional $11m from its latest funding round, bringing the total amount raised to $38m.

06 June 2023

Company update/wholesale

Standard Bank partners DP World to expand trade finance in Africa

Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global leader in supply chain solutions, to offer trade finance solutions jointly with DP World Trade Finance. This partnership will help in closing the gap in unmet demand for working capital on the continent.

29 May 2023

Company update/security

MonetaGo partners with Lloyd’s List Intelligence to authenticate trade finance documents

Financial technology solutions provider MonetaGo has selected Lloyd’s List Intelligence as a data partner to strengthen its real-time interruption of fraudulent trade financing attempts through the authentication of key trade documents.

15 May 2023