India introduced digital Trade Receivable Discounting System (TReDS) platforms in 2017 to help SMEs overcome late payment issues, with three licensed entities expected to reach $25 billion in throughput by FY 2024-25.

The global economy has always undergone changes. From the agrarian-based economy in the 18th century to the advent of the Industrial Revolution, from sailboats to steamships, there has always been a shift in economy, industry, and, ultimately the dynamics of a country.

Mansa, a pioneering fintech providing finance to emerging markets, announced on July 29 that it would provide its first pool on Base, a low-cost Ethereum-equivalent L2 blockchain. This is a significant milestone for Mansa, whose mission it is to democratise access to financing and liquidity to emerging markets in Africa; the launch is expected to boost cross-border payments and increase take-up of trade finance instruments in the region, especially for SMEs. 

Finastra, a global provider of financial software applications and marketplaces, today announced its partnership with CredAble

At the 56th Annual FCI Meeting in Seoul, Deepesh Patel, Editorial Director at Trade Finance Global, was joined on Trade Finance Talks by Steven Beck, Head of Trade and Supply Chain Finance, Asian Development Bank to discuss the role of MDBs in the facilitation of trade and supply chain finance. 

Deepesh Patel, Editor, Trade Finance Global, spoke to Kevin Day, CEO, Lendscape, at FCI’s 56th Annual Meeting in Seoul to discuss some of these key trends and ideas. 

The European Banking Authority (EBA) recently issued a consultation paper proposing pivotal changes in the classification of guarantees under banking regulations. 

At the International Finance Corporation’s (IFC) Global Trade Partners Meeting, this room full of female international trade experts discussed the challenges that women entrepreneurs face in the global trade market and strategies for changing the status quo. 

Trade Finance Global spoke with Çağatay Baydar, Chairman at FCI and Irina Tyan, Principal Banker, TFP at the EBRD about factoring and SCF.

IFC, a member of the World Bank Group, launched a new initiative to aid financial service providers in delivering funds to small businesses in emerging markets, with a particular focus on those owned by women and those in the agriculture and climate sectors.