Overseas news

12/02/2021

BasisBank partners with Backbase to deliver hyper-personalised experiences to retail & SME customers

Leading Georgian bank BasisBank announces today its partnership with banking technology provider Backbase to power its digital transformation and deliver hyper-personalised experiences to retail and SME customers. Backbase’s world-leading Engagement Banking platform will enable BasisBank to expand its retail banking offering by providing unique mobile experiences to its customers – all while enhancing its ability […]

12/02/2021

UK-India bilateral trade could rise to £50bn from £24bn

With a robust economic foundation based on job creation and shared prosperity, trade and investment between the UK and India has the potential to increase to £50bn, according to a new research report. ASCENT: The New Horizon of Trade Relations, an inaugural thought leadership report, maps the dynamics of trade growth between the UK and […]

11/02/2021

Pandemic year sees SMEs putting funders on notice

Small business funders are on notice to ensure they have funding options that address business owners’ needs as they look to recover in 2021, according to national small business research. The SME Growth Index is conducted twice a year by East & Partners on behalf of ScotPac , Australia’s largest non-bank SME funder. The most recent […]

10/02/2021

52% of Singapore SMEs were able to access financing in 2020

In their annual SME financing research conducted by Linkflow Capital, more than half of SMEs experienced improved access to financing in 2020, a significant increase from 39% in 2019. According to Linkflow Capital, up to 52% of SMEs were eligible for financing in 2020 with an average loan quantum of $310,909 secured within their platform, […]

05/02/2021

Over 1,000 financial stakeholders participate in the Arab-Africa trade bridges programme

Under the umbrella of the Arab-Africa Trade Bridges (AATB) Program, three IsDB Group Private Sector Entities hosted a webinar on key trade finance and investment components aimed at fostering regional trade. The entities included the International Islamic Trade Finance Corporation (ITFC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the […]

01/02/2021

What does India’s budget mean for SME investment in the UK?

India has presented the country’s annual budget today, for the new fiscal year that starts on April 1. India was hit by a slight recession last year, due to pandemic restrictions, but is seeing some signs of a recovery. Today’s budget seems to balance between supporting growth and aiming to reduce the country’s deficit (from 9.5% of GDP in FY21 to 6.8% […]

27/01/2021

The UK needs to recognise and embrace opportunities from China in the post-Brexit era

The UK has the potential to play a major part in shaping the future of Chinese outbound investment activities, say leading tax and advisory firm Blick Rothenberg Winnie Jinyue Cao, a director at the firm, said: “The UK should urgently strengthen its economic ,business and cultural ties with China.” She added: “China, the world’s second […]

27/01/2021

India’s untapped market for startups

The population of India is currently the second largest in the world, and is set to overtake China as the most populous country in the world by 2026, when the population is set to reach 1.46 billion. India’s economy is the sixth largest in the world, and is on track to be the third largest […]

20/01/2021

Small businesses name their main 2020 funding frustrations

Nine out of 10 Australian small businesses express frustration about finding and maintaining funding for their enterprises, the latest SME Growth Index data highlights. Small business research, conducted twice a year by East & Partners on behalf of ScotPac , Australia’s largest non-bank SME funder, points to loan conditions as the biggest pain point for […]

14/01/2021

Fintech EedenBull secures payment technology deal with National Australia Bank

EedenBull (https://EedenBull.com) has announced a five year agreement with National Australia Bank (NAB), which allows the bank to deploy EedenBull’s innovative payment and spend management platform to the bank’s customer base of small and medium sized enterprises (SMEs). The EedenBull platform provides the ability for the bank’s SMEs to track payments and spending simply, efficiently […]

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