Yorkshire green energy firm Green’s Power is the first to secure a UK Export Finance (UKEF) guarantee tailored to domestic supply chains.
Business finance company MarketInvoice has signed agreements with Portuguese digital bank Banco BNI Europa (BNI) and German bank Varengold Bank AG to add £90m and £45m respectively on its platform.
Chinese fintech giant Ant Financial Services Group has secured regulatory approval to issue China’s first security backed by loans to online retailers’ receivables.
Seven banks have revealed ‘proof of concept’ testing for the use of blockchain technology in supply chain and trade finance, according to Deloitte. “Because current paper systems drive US$18 trillion in transactions per year, there’s an attractive opportunity to decrease costs and improve reliability in supply chain and trade finance,” says the firm. At least [...]