Wema Bank taps Kachasi Trade Finance to improve efficiency via automation

Wema Bank has gone live on Kachasi Trade Finance Software to enable the achievement of full automation of trade finance operations.

Trade finance is a phrase used to describe different strategies that are employed to make international trade easier.

Read more: https://ngulminthanglhanghal.wordpress.com/2023/01/18/wema-bank-taps-kachasi-trade-finance-to-improve-efficiency-via-automation/

#finance #Africanfinancialinstitutions #Ngulminthang #tradefinance #WemaBank

Accord Financial Unites Middle Market Financing

Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies (“Accord”) (TSX: ACD) announced a realignment plan to better support the organization’s continued growth among middle market businesses, uniting all U.S. commercial financing programs under one umbrella.

Read more: https://ngulminthanglhanghal.wordpress.com/2022/11/18/accord-financial-unites-middle-market-financing/

#finance #AccordFinancial #banking #equipmentfinance #Financing #Ngulminthang

African Development Bank Accepts Risk Participation Agreement with Crédit Agricole CIB

As per the latest news, the Board of Directors of the African Development Bank Group has supported a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank.

Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/adb-accepts-risk-participation-agreement-with-credit-agricole-cib

#AfricanDevelopmentBank #AfricanBanks #CréditAgricoleCIB #tradefinance #AfricanSMEs #NgulminthangLhanghal #Ngulminthang

Global Trade Management Market Report 2022

As per the latest report, the global trade management market size is expected to demonstrate a shift to USD 1.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.0% from 2021 to 2026.

Read more: https://ngulminthang.weebly.com/news/global-trade-management-market-report-2022

#GlobalTradeManagement #internationaltrade #DigitalizationandIncreasing #supplychain #Ngulminthang #NgulminthangLhanghal

GST as a credit risk assessment tool will help reduce NPAs for SMEs

SMEs and MSMEs are the major growth engines of economies that rely on banks and financial institutions to help with their funding needs. Banks and financial institutions need solutions to help them navigate through multiple challenges of minimizing lending risks, securing data, streamlining credit operations.

Read more: https://greatarticles.co.uk/gst-as-a-credit-risk-assessment-tool-will-help-reduce-npas-for-smes/

#SMEs #GST #financialinstitutions ##Ngulminthang #Growtradefinance

Conpend deepens trade finance focus with Commerzbank, Credit Suisse hires

Trade finance tech firm Conpend has made two senior hires from Commerzbank and Credit Suisse, as it looks to ramp up growth in line with the industry’s rapid adoption of digital technology.

Read more: https://ngulminthanglhangh.wixsite.com/ngulminthanglhanghal/post/conpend-deepens-trade-finance-focus-with-commerzbank-credit-suisse-hires

#Wolfgramm #tradefinance #digitaltechnology #Commerzbank #CreditSuisse #Ngulminthang

Singapore authorities say commodity finance “stable” amid growing market concerns

A Singapore senior minister says the city-state’s financial regulator does not plan to inject liquidity into the commodity finance market, insisting access to finance from the banking sector remains robust.

Read more: https://ngulminthanglhangh.wixsite.com/ngulminthanglhanghal/post/singapore-authorities-say-commodity-finance-stable-amid-growing-market-concerns

#Agritrade #AllianzTrade #CommodityFinance #FinancialStabilityBoard(FSB) #HinLeong #KlaasKnot #MonetaryAuthorityofSingapore(MAS) #TharmanShanmugaratnam #Ngulminthang

Deutsche Bank splits trade finance leadership across Europe, Asia

Jain (pictured), based in Singapore, and Frankfurt-based Resovac take over the role from Daniel Schmand, who earlier this year became global head of institutional cash management and head of corporate bank operations at the German lender. They will report to Stefan Hoops, head of Deutsche’s corporate bank.

Read more: https://ngulminthanglhanghal.wordpress.com/2022/04/29/deutsche-bank-splits-trade-finance-leadership-across-europe-asia/

#NgulminthangLhanghal #finance #Ngulminthang #tradefinance #globaltradefinance

Trade finance startup Vayana Network raises Rs 114 cr to increase trade credit to micro, small businesses

Credit and Finance for MSMEs: Trade financing startup Vayana Network on Wednesday announced it has raised Rs 114 crore as part of its Series C funding from International Finance Corporation (IFC) and PayU.

Read more: https://vk.com/@ngulminthanglhanghal-trade-finance-startup-vayana-network-raises-rs-114-cr-to-inc

#supplychainfinance #ITFS #tradefinance #tradecredit #IFSCA #Ngulminthang

Surecomp Debuts Duplicate Financing Fraud Prevention

Surecomp is launching a new offering that uses advanced cryptographic technology to allow financial institutions (FIs) to lessen the risk of duplicate financing fraud, according to a Tuesday (April 12) press release.

Read more: https://ngulminthang.weebly.com/news/surecomp-debuts-duplicate-financing-fraud-prevention

#SurecompDebuts #duplicatefinancingfraud #financialinstitutions #tradefinancingfraud #Ngulminthang

Wema Bank selects Union Systems for their International Trade Finance Automation

Union Systems Limited, Africa’s leading trade finance company, partners with Wema Bank Plc to automate its trade finance operations.

Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/wema-bank-selects-union-systems-for-their-international-trade-finance-automation

#TradeFinance #WemaBank #UnionSystems #InternationalTradeFinanceAutomation #Ngulminthang

UK e-money firm 3S Money launches trade finance fund

London-headquartered payments company 3S Money has launched a trade finance fund providing multi-currency loan facilities for SMEs struggling to access support from international banks.

Read more: https://ngulminthanglhanghal.wordpress.com/2022/03/29/uk-e-money-firm-3s-money-launches-trade-finance-fund/

#AsianDevelopmentBank #electronicmoneyinstitution #finance #SME #Tradefinance #NgulminthangLhanghal #Ngulminthang

Trade finance and the efforts to boost intra-African trade

As stated by President of the African Development Bank (AfDB), Akinwumi A. Adesina, “trade finance is an important instrument for influencing Africa’s long-term economic development and structural transformation”

Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/trade-finance-and-the-efforts-to-boost-intra-african-trade

#TradeFinance #tradefinancegap #AfDBandAfrexim #supplychainblockages #NgulminthangLhanghal #Ngulminthang

Turning to trade winds: On India-UAE Comprehensive Economic Partnership Agreement

A little over two years after it turned its back at the last minute on a major multilateral trade agreement it had spent years negotiating, India last week announced the signing of a Comprehensive Economic Partnership Agreement with the United Arab Emirates (UAE).

Read more: https://ngulminthang.weebly.com/news/turning-to-trade-winds-on-india-uae-comprehensive-economic-partnership-agreement

#ComprehensiveEconomic #COVID19pandemic #tradeagreements #FTAs #Ngulminthang

Digital River partners with VTEX to simplify global expansion

Digital River, an experienced global commerce enabler for established and fast-growing brands, recently announced a new partnership with VTEX, a fast-growing e-commerce platform in the world. Together, they have created an integrated solution for fast, simple, and risk-free cross-border selling.

Read more: https://ngulminthanglhangh.wixsite.com/ngulminthanglhanghal/post/digital-river-partners-with-vtex-to-simplify-global-expansion

#DigitalRiver #global expansion #financialservices #globalcommerce #Ngulminthang #NgulminthangLhanghal

Tradeteq Joins Hands With XinFin Group on Trade Finance NFT

As per the latest reports, Tradeteq, a technology service provider for trade finance asset distribution has completed its most-talked world’s first trade finance-based non-fungible token (NFT) transaction, on Singapore-based eXchange inFinite’s (XinFin) XDC network.

Read more: https://ngulminthanglhangh.wixsite.com/ngulminthanglhanghal/post/tradeteq-joins-hands-with-xinfin-group-on-trade-finance-nft

#Ngulminthang #TradeteqJoinsHands #XinFin #TradeFinance #NFT #ngulminthanglhanghal

CUBE launches RegAssure to provide regulatory intelligence for SMEs

CUBE, a global RegTech company working to simplify compliance for the world’s financial institutions, has launched RegAssure, a groundbreaking product that provides automated regulatory intelligence to small and medium-sized financial institutions.

Read more: https://ibsintelligence.com/ibsi-news/cube-launches-regassure-to-provide-regulatory-intelligence-for-smes/

#Ngulminthang #CUBE #financialinstitutions #BenRichmond #globalfinancial #NgulminthangLhanghal

India’s Exports Decreased to Nearly $7.1 Billion In the Second Week Of August, Shows Data

As per the latest reports released by the commerce ministry, India’s exported goods decreased to $7.1 billion in the second week of August from $7.4 billion in the previous week.

#NgulminthangLhanghal #WorldTradeOrganization #exportrecovery #globaltrade #internationaltrade #Ngulminthang

Read more: https://ngulminthang.weebly.com/news/indias-exports-decreased-to-nearly-71-billion-in-the-second-week-of-august-shows-data