FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in digital finance applications with Contour’s established network connecting global banks to businesses, Xalts said in...
Across the typically staid area of trade finance, despite the importance of trade finance products and services to global trade growth and economic development, decades of paper-based processes, regulatory mismatches and monolithic financial infrastructures have historically stymied innovation. But we are almost at the second...
Supply chain FinTech company Twinco Capital has secured an additional 50 million euro ($53 million) facility with BBVA Spark, a banking unit for high-growth and innovative companies, to help small- to medium-sized businesses (SMBs) in emerging countries access trade finance. These SMBs are the companies most...
Indian supply chain finance platform KredX has joined forces with Mastercard to streamline B2B digital payments. The collaboration will integrate Mastercard’s commercial card service with the KredX platform, eliminating complexities associated with B2B payments made via cards, the companies said in a Thursday (Sept. 7) press release emailed to...
October 21, 2021
In the ongoing drive to help businesses access new sources of capital, Mastercard has launched today (Oct. 21) a new B2B supply chain finance offering as part of its Track Business Payment Service. Mastercard’s Senior Vice President of Commercial and B2B Solutions David Trecker told Karen Webster that the program is not just about providing […]
August 04, 2020
Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. It’s perhaps the biggest economic difference between...
October 21, 2019
Trade wars. Tariffs. Brexit. Beyond the headlines and stock market gyrations, beyond the speeches from politicians and academics, lies the very real impact of geopolitics on supply chains: Trade corridors...
February 29, 2024
Crédit Agricole CIB launched a new receivables and supply chain finance platform in the Asia-Pacific region. The bank’s new Optim Receivables and Supply Chain Finance platform is powered by Demica’s white-label, cloud-based platform that helps financial institutions and corporates offer working capital solutions, the companies said in a Tuesday (Feb. 27) press release. “We are excited about this new […]
February 23, 2024
FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in...
October 27, 2023
Supply chain FinTech company Twinco Capital has secured an additional 50 million euro ($53 million) facility with BBVA Spark, a banking unit for high-growth and innovative companies, to help small- to...
September 07, 2023
Indian supply chain finance platform KredX has joined forces with Mastercard to streamline B2B digital payments. The collaboration will integrate Mastercard’s commercial card service with the KredX platform, eliminating complexities associated with B2B payments...
