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The International Chamber of Commerce ‘s (ICC’s) Banking Commission is collaborating with bank-owned database Global Credit Data (GCD) to broaden the scope of the ICC’s Trade Register, an announcement revealed Monday (Oct. The Trade Register provides banks with insight into risks in global trade and export finance.
Commercial creditrisk solutions provider Credit2B is rolling out a portal for trade credit suppliers to share and access information about B2B payment experiences in real time. After collecting that information, Credit2B automatically generates a credit score to analyze the financial strength of a company.
UBA has also become a pacesetter in financing women-owned businesses, owing to its strong belief that women should not be left behind in Africa’s socioeconomic development. Before the pandemic, DBS had relentlessly leveraged emerging technologies to help SMEs, especially micro and small enterprises, streamline services and manage creditrisk.
FinTech partners include small business creditriskanalysis company AccountScore and small business data company Codat. Lloyds, Demica Collab On Supply Chain Finance. Lloyds Bank Commercial Banking is teaming up with FinTech Demica to introduce a new supply chain financing platform for joint U.K.
Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. It is time to put SMEs back in control of their finances. It will also free up more time for companies and generate efficiencies by automating workflows. “It
The pandemic showed how complex and fragile the global supply chains are, and many finance leaders are looking for ways to de-risk or strengthen business resilience. The usual response for finance leaders is to batten down the hatches, survive the ensuing uncertainty, and then be able to succeed when the market turns.
Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. CapX noted that Moody’s Analytics’ tool addresses the pain point of lack of access to historical data on small businesses seeking financing.
Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. based Advantedge Commercial Finance, according to a Tuesday (Dec. Alternative lender eCapital is expanding its global footprint by acquiring U.K.-based 1) press release.
Invoice financing company MarketInvoice is enhancing its product offering through a new collaboration with Euler Hermes. Recent high-profile corporate failures reinforce the need to be increasingly aware of the risks of late or non-payment for goods and services provided on credit.”. Reports Thursday (Feb. 8) said the U.K.
Australia, however, may emerge with an alternative finance industry that is a bit different. “This is transforming the creditriskanalysis process. ” Today, underwriting capabilities are the name of the game for alternative finance, regardless of location. regulation is likely headed its way.
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