Hashstacs Pte Ltd (also known as “STACS”), a Singapore fintech company focusing on blockchain technology solutions, announced its partnership with EFG Bank (“EFG”) to co-develop a blockchain platform that will enhance and simplify the processes of structured products. “Project Nathan — Smart Structured Products”, a collaboration between STACS and EFG, aims at using new Distributed […]
HPD LendScape, a leading international secured lending platform vendor, today announces it has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital, particularly as they cope with the added pressures of the Covid-19 pandemic. SCF solutions enable suppliers to gain quicker […]
Scottish Pacific (ScotPac) is pleased to announce the appointment of Jon Sutton as chief executive officer. Sutton will take over from current chief executive officer Peter Langham, who steps into a non-executive board role. Sutton is a finance industry veteran with almost three decades of experience including CEO and managing director roles at Bank of […]
National Australia Bank (NAB) is partnering with Pollinate to transform their merchant acquiring offering for small and medium-sized businesses (SMEs) across Australia. SMEs are of vital importance to the Australian economy, driving over half of the country’s economic output, and employing two in every three Australian workers. One-third of Australian SMEs bank with NAB, and […]
Good afternoon As a friend of Business Money you may join this annual conference free. WOA 2020 brings fifteen renowned experts together for three sessions that will look at where we are now, the support that technology can provide and how we can embed the lessons of new ways of working for the future. No […]
Digital transformation can help Latin America and the Caribbean (LAC) region recover more quickly from the Covid-19 crisis, according to the Latin American Economic Outlook (LEO) 2020: Digital Transformation for Building Back Better. The report is jointly produced by the Development Centre of the Organisation for Economic Co-operation and Development (OECD), the United Nations Economic […]
Marqeta, the global modern card issuing platform, today announced that it has helped Berlin based fintech, Vanta, launch its next generation credit card for startups – the first of its kind in Germany. Using the Marqeta platform, Vanta was able to quickly build its credit card offering in just three months, providing startups with a […]
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has approved a US$5m Murabaha Financing Facility in favour of Bank of Maldives to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. Bank of Maldives is the first partner institution in the Maldives […]
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Supply chain finance has seen consistent growth since the global financial crisis of 2008. In 2019 Revenues derived from it reached between $50bn and $75bn, figures from the International Chamber of Commerce revealed. While trade finance revenues overall were down 1% in comparative years figures, taken from the first three months of 2020 compared to […]
