(IN BRIEF) Cleareye.ai has partnered with Lloyds Bank to enhance trade finance operations through advanced AI technology. Starting this month, Lloyds Bank will use Cleareye.ai’s ClearTrade platform, which employs optical character recognition (OCR), machine learning, and natural language processing to … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged AI, Cleareye.ai, INDIA, Lloyds Bank, Mariya George, modernization, partnership, Rogier van Lammeren, trade finance
(IN BRIEF) Deutsche Bank is significantly increasing its investment in Indonesia by doubling its local capital to IDR 10 trillion (EUR 600 million). This move reflects the bank’s commitment to the Indonesian market, where it has a 54-year history. It … Read the full press release
Posted in Banks, Financial, Germany, Investment
Tagged Alexander von zur Muehlen, Cash Management, custody, Deutsche Bank, FX, Indonesia, Investment Banking, Siantoro Goeyardi, trade finance
(IN BRIEF) Lloyds Bank has introduced a revolutionary “Paperless Guarantee” initiative, enabling clients to request digital Direct Guarantees or Standby Letters of Credit for more efficient, secure, and environmentally friendly trade transactions. This initiative follows Lloyds Bank’s success in pioneering … Read the full press release
(IN BRIEF) Deutsche Bank has announced a significant increase in capital allocation for its Ho Chi Minh City branch in Vietnam, raising it by USD 100 million to reach a total of over USD 200 million. The additional capital will … Read the full press release
(IN BRIEF) Inflexion has acquired a majority stake in European treasury and cash management software provider Nomentia from PSG Equity and Verdane. Helsinki-based Nomentia delivers a comprehensive suite of solutions to the cash and treasury management sector, including bank connectivity, … Read the full press release
Posted in Financial, Finland, Investment, Technology, United Kingdom
Tagged acquisition, bank connectivity, cash management software, cash visibility, Cloud, EcoOnline, European treasury, fintech, forecasting, Inflexion, Nomentia, Ocorian, Payments, PSG Equity, reporting, Risk, software, trade finance, Verdane
(PRESS RELEASE) SINGAPORE, 23-Mar-2021 — /EuropaWire/ — Standard Chartered announces the launch of its new sustainable trade finance solutions across Asia, Africa and the Middle East, Europe and the Americas. Standard Chartered’s Sustainable Trade Finance Proposition aims to help clients … Read the full press release
Posted in Banks, Business, Environment, Financial, Investment, Management, News, Small Business, United Kingdom
Tagged blue economy, bonds, carbon footprint, clean transportation, energy efficiency, ESG, ESG ratings, gender equality, global supply chain, guarantees, Invoice Financing, Letters of Credit, Receivables Services, reduce emissions, renewable energy, responsible sourcing, Simon Cooper, Standard Chartered, supplier, Supply Chain Finance, supply chains, sustainability, sustainability standards, sustainable, Sustainable goods, sustainable infrastructure, Sustainable suppliers, Sustainable Trade Finance Proposition, sustainable trade finance solutions, trade finance, trade finance products, trade finance services, trade financing, Transition industries, water management, water use, World Trade Organisation
(PRESS RELEASE) STOCKHOLM, 17-Feb-2021 — /EuropaWire/ — SEB announces a breakthrough achievement in secure data sharing. Together with technology group Wärtsilä, parties participated in a ground-breaking test of secure data sharing between companies in Trade Finance. The results demonstrates that … Read the full press release
Posted in Banks, Financial, Finland, News, Security & Safety, Sweden, Technology
Tagged APIs, automation, Blockchain, Contour, Cybersecurity, data interchange, data sets, Digital Living International, Harri Rantanen, IHAN, Letter of Credit, letter of credit process, Nixu, Paula da Silva, SEB, secure data sharing, Sitra, trade finance, Wärtsilä
(PRESS RELEASE) FRANKFURT, 18-Aug-2020 — /EuropaWire/ — One of the world’s leading financial service providers Deutsche Bank (ETR: DBK) has announced that Huynh Buu Quang, a respected Vietnamese banker, will be appointed as Acting Chief Country Officer (CCO) Vietnam, pending … Read the full press release
Posted in Banks, Financial, Germany, Management, News
Tagged Alexander von zur Muehlen, appointment, BANKING, Burkhard Ziegenhorn, Cash Management, debt, Deutsche Bank, eCommerce, equity capital, financial institutions, financing, FX, Huynh Buu Quang, loan, State Bank of Vietnam, trade finance, Vietnam, Vietnamese corporates
A 50 million US dollar trade finance line with Banque Centrale Populaire 11-6-2013 — /europawire.eu/ — The EBRD is partnering with Banque Centrale Populaire to strengthen bank support for Moroccan companies in terms of international trade so that they can raise … Read the full press release
Posted in Banks, Business, International Trade, Investment, Small Business
Tagged Banque Centrale Populaire, EBRD, Export, Export Finance, Francis Malige, import, import finance, international trade guarantees, intra-regional trade, Moroccan companies, MOROCCO, Rachid Agoumi, short-term cash advances, SMEs, Trade Facilitation Programme, trade finance
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