Category: News
Estimated reading time: 2 minutes While the proposal from IMCO for adjustments to the Regulation aimed at Combating Late Payment offered some valuable recommendations, members of SMEunited expressed concerns that these might not be adequate to achieve equity in commercial dealings. SMEunited’s principal request in the revision of the existing Directive is to address the […]
Estimated reading time: 2 minutes 27 March, London, UK – Standard Chartered, a leading international cross-border bank, announces its role as Mandated Lead Arranger in the successful close of a project financing for the Hanseatic Energy Hub. The Hub is a liquified natural gas (LNG) terminal being developed in Stade, northern Germany. This project is […]
Estimated reading time: 3 minutes In a decisive move, Members of the European Parliament (MEPs) have endorsed new regulations aimed at addressing the pervasive issue of late payments, significantly affecting Small and Medium-sized Enterprises (SMEs) across the European Union. With a considerable portion of invoices within the EU not being settled on time, the new […]
Kyriba, a liquidity performance company, unveiled new Artificial Intelligence (AI) functionalities within its platform, aimed at enhancing cash forecasting, bank connectivity-as-a-service, and bespoke report creation. These additions to AI technology augment the already available features for detecting payment fraud and improving cash management. Greg Person, Senior Vice President Sales, Account Management and Alliances at Kyriba, […]
Estimated reading time: 2 minutes Finastra announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This enhances […]
Today, Standard Chartered announced the launch of its new Open Banking Marketplace, a comprehensive platform that offers both current and potential clients a space to explore, select, and trial application programming interfaces (APIs) that align with their business needs within a sandbox setting. This initiative aims to facilitate easier business-to-bank cooperation. Corporates interested in partnering […]
Estimated reading time: 4 minutes Foreign direct investment (FDI) into Europe saw a decline in 2023, decreasing by 4% from the previous year and now stands 11% lower than the pre-pandemic levels of 2019, as per the findings of the annual EY European Attractiveness Survey 2024, which is regarded as the most thorough annual examination […]
Estimated reading time: 2 minutes The Asian Development Bank (ADB) and Citi have entered into a master risk participation agreement to boost access to supply chain financing for small and medium-sized enterprises (SMEs), aiming to support over $100 million in additional annual trade across Asia and the Pacific. The agreement, involving ADB’s Trade and Supply […]
Estimated reading time: 2 minutes NetXD has announced the expansion of its payments collaboration with Visa B2B Connect to onboard banks in Asia, following the successful onboarding of several banks across eight countries in Europe and the Americas. NetXD’s payments-as-a-service offering provides banks with various options to integrate with Visa B2B Connect. Using the experience […]
Estimated reading time: 2 minutes The European Union announced on Thursday that it has given final approval to implement the remaining batch of Basel III rules, a set of tougher bank capital rules starting January 2025. These rules build on safeguards introduced after taxpayers had to bail out lenders during the global financial crisis over […]
