Category: News
Deutsche Bank and Serrala, have launched the first API interface for SEPA instant payments in the market. An important step towards Real-Time-Treasury The joint initiative is an important first step facilitating real-time treasury and allowing payments to be processed 24/7/365 within less than ten seconds. The new interface, which is part of the Serrala FS2 […]
Loss Given Default (LGD) measures the percentage of a loan that a bank loses when the borrower defaults. LGD is calculated as (1 – recovery rate). The recovery rate is the net of all cash flows including external costs (using the discounted cash flows where the discount rate is equal to the risk-free rate as at the default date) divided by the amount outstanding at default. This calculation is capped between (0%,150%).
Membership agreement enhances Standard Chartered’s benchmarking and modelling capabilities and strengthens Global Credit Data’s international coverage Global Credit Data (GCD) has welcomed its newest member, Standard Chartered, bringing its total number of member banks to 55 and expanding its international data coverage. Standard Chartered – a leading international investment bank and financial services company – […]
New York – September 3, 2019 – The Marco Polo Network, a trade and working capital finance network, is welcoming Mastercard as its latest member. The network – and its over 25 member banks – are working to unlock what the World Trade Organization has identified as a potential $1.5 trillion[1] opportunity in global trade finance. Mastercard Track™, […]
FastPay announced today the creation of a receivables securitization program with the first tranche of $80M, and senior funding and trade insurance provided by AIG. This program will offer significant capital to the media and technology sector and allow FastPay to open the door for larger, global media and tech clients to access working capital backed […]
Regulated by the Financial Services Regulatory Authority of ADGM, Anglo-Gulf Trade Bank is poised to bring transformative, disruptive Banking-as-a-Service (BaaS) solutions to the world from its headquarters in Abu Dhabi, United Arab Emirates Abu Dhabi, UAE, 11 September 2019: Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, has received a full digital […]
After having conducted a thorough evaluation of different options in the market, Bankmed (Suisse) SA has decided to license CREDOC 5G, the Trade Finance platform of well-knownSwiss based software vendor MIT (Micro informatique & Technologies SA). CREDOC 5G is the latest-born back-end Trade Finance product from MIT to be officially launched in September 2019. CREDOC […]
Advanced credit scoring system utilised by government, importers and exporters, financial institutions and trade financiers Digitalised National Trade Platform expected to increase the ability of corporations to access financing to support their trade flows 12 September 2019: Tradeteq, the technology provider for the global trade finance market, has launched its advanced, machine-learning driven credit scoring system […]
NatWest has today announced the launch of real time Faster Payments for its FCA regulated Financial Institutions customers, using API (Application Programming Interface) technology to allow customers to make and receive payments. The clearing bank provides indirect clearing services to over 200 UK banks, building societies, credit unions and correspondent banks with UK sort codes, […]
