Wells Fargo to integrate AI into trade finance operations with TradeSun
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
Trade Finance
News, intelligence and resources on the global fintech industry including topics such as trade finance.
Tradeweb to acquire wealthtech ICD in $785m deal
The all-cash deal is expected to close in the second half of 2024.
UAE’s GTN names former Saxo Bank exec Damian Bunce as new Middle East CEO
Bunce brings more than 30 years of experience in forex and online securities trading to his new role.
ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Crédit Agricole CIB taps Demica to launch new receivables and supply chain platform for APAC
Crédit Agricole CIB hopes the platform will appease “the increasing demand for supply chain finance” in APAC.
FinTech Futures: Top five news stories of the week – 23 February 2024
Our pick of the top fintech news stories this week includes Capital One, Toast, Xalts and more.
Fintech start-up Xalts grants Contour Network new lease of life with announced acquisition
Contour previously announced in October 2023 that it was to wind down operations as a result of insufficient funding.
Blockchain intelligence start-up Crystal hires Navin Gupta as new CEO
Gupta succeeds Marina Khaustova in the role, who will now shift to the position of COO.
Germany’s Commerzbank taps Surecomp to revamp trade finance back office
The Frankfurt-based commercial bank has adopted the vendor’s DOKA-NG solution.
SME lender FundPark doubles credit facility with Goldman Sachs to $500m
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
2023: Top five fintech start-ups of the year
Here are five of the top fintech start-up stories from 2023.
2023: Top five partnerships of the year
FinTech Futures takes a look back at five of the top partnership stories of the year.
UK fintech Ebury acquires Prime Financial Markets to make African debut
The deal will see the London-based fintech open a local office in South Africa.
UK fintech Fnality raises £77.7m in Goldman Sachs and BNP Paribas-led Series B
The fintech’s Series B also saw participation from existing investors BNY Mellon, UBS and Nasdaq Ventures.
Aussie SME lender Earlypay acquires Timelio’s $40m loan portfolio and assets
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
Qatar’s CQUR Bank partners Finastra to power new online corporate banking portal
The bank’s new portal will service its corporate clients with digital workflows and host-to-host integration solutions.
Spain’s Twinco Capital secures €50m debt facility from BBVA Spark
The facility will be used to support the company’s portfolio growth and geographical expansion plans.
Lloyds Bank launches Paperless Guarantee solution to digitise trade finance
The solution seeks to support businesses with the digital issuance of bank guarantees.
Video: BNY Mellon at Sibos 2023 – The growth of embedded finance
At Sibos 2023, we sat down with Joon Kim of BNY Mellon to discuss the key areas of development in embedded finance.
Video: HSBC at Sibos 2023 – The importance of sustainable trade finance
At Sibos, we spoke with Vivek Ramachandran of HSBC to discuss the new era of sustainable trade finance practices.
UBS taps Broadridge for sponsored repo solution
The bank is to integrate its newly-digitised trade flows into its DLR tech stack on Broadridge’s platform.
UK fintech Traydstream lands $21m in Series B funding round
With the new funding, Traydstream plans to double down on its growth and enhance its AI-led platform.
Bahrain’s Bank ABC taps JP Morgan for blockchain-based cross-border payment service
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
ICYMI fintech funding round-up: Fuze, Enigio, DKK Partners and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Sibos dreams of a T+1 settlement utopia on eventful day three
Panels at this year’s Sibos have discussed the benefits of T+1 settlements across all global capital markets.
Sibos 2023: HSBC launches new virtual card and digital trade finance solution
The UK banking giant has also announced the launch of HSBC TradePay, a document-free digital trade finance solution.
Daily News at Sibos 2023
Download your free copy of the Daily News at Sibos publication today!
Geely Group buys out Saxo Bank stake in joint fintech venture
Saxo Fintech was launched in 2019 to bring Saxo’s tech solutions to FIs in Mainland China.
Emirates NBD makes strategic investment in trade finance tech firm Komgo
The strategic equity investment was made through Emirates NBD’s Innovation Fund.
Deutsche Bank reportedly makes contact with digital investment fintech Scalable Capital
A potential deal would align with the bank’s continued development of its wealth services over the past year.
LSEG announces Irfan Hussain as its new chief information officer
Irfan Hussain joins LSEG from Goldman Sachs, where he has worked since 1995.
Naga integrates Rezolve AI into its social trading platform
The integration is also set to extend to Naga’s e-payments solution, Naga Pay.
Singapore’s Endowus raises $35m as it eyes regional expansion
The round saw participation from existing investors including UBS Next, EDBI and Prosus Ventures.
HSBC joins forces with Tradeshift to launch embedded finance business
The joint venture will focus on the development of embedded finance solutions and financial services apps.
Allfunds acquires local paying agent business of Iccrea Banca
The acquisition enables Allfunds to develop its position in Italy as a local paying agent business.
Silverbird announces Stu Bailey as new CPO
Bailey’s appointment will seek to assist Silverbird in “liberating cross-border trade” for SMEs.
Rimes supports digital transformation of Jana with Matrix solution
Jana has gone live with the solution in an effort to streamline and automate its operational processes.
Digital asset firm Laser Digital snaps up Elysium Technology Group
Laser says the deal will help bring cross-asset post-trade capabilities to institutional digital asset investors.
ICYMI fintech funding round-up: Mypinpad, Navadhan, TransBnk & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ICYMI fintech funding round-up: Payrails, Griffin and more
Our weekly round-up for you to get the latest fintech funding news, this time from across Europe.
