Brazil is now at the forefront of open finance in the world, and the implementation of the open financial system has the potential to positively impact financial inclusion. This was the main theme of a discussion led by industry pioneers at an virtual Campfire organised by Open Banking Excellence (OBE), the global centre of community […]
UK Export Finance (UKEF) has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to forge a new relationship with UK exporter Vespertec to unlock growth opportunities in Africa. A Standard Buyer Loan Guarantee was offered by UKEF to guarantee an export credit loan from Apple Bank, supported by its UK […]
Thought Machine, the cloud-native banking technology company, today announces that Bpifrance, the French public investment bank, is using Thought Machine’s cloud-native core banking platform, Vault Core. Bpifrance is the first bank in France to deploy Thought Machine’s modern cloud-native core banking platform, using Vault Core to deliver a new era of digital financial services to […]
Recent data shows that nearly half of company CFOs are currently in the process of expanding their business to overseas markets, or planning to do so soon. As well as capturing a greater market share, global expansion can provide companies with many additional benefits such as increased brand exposure, new investment opportunities, and fresh talent […]
KPMG China released its China Economic Monitor report for Q4 2022. According to the report, China’s economy grew by 3.0% year-on-year (yoy) in the first nine months of 2022, with Q3 growing by 3.9%, 3.5 percentage points higher than Q2, and better than market expectations. From a quarter-on-quarter (qoq) perspective, the economy grew by 3.9% […]
The current fundraise environment encourages African founders to consider the tradeoff between further fundraising and the option of strategic exits via M&A. While African growth companies received a record $3.5bn in the first half of 2021, more than double the amount in the same period a year earlier, the current funding downturn is global, and […]
November survey data signalled a steep and accelerated decline in construction activity across France midway through the final quarter of 2022. The sharper downturn reflected quicker reductions in activity across the three types of work monitored by the survey, although especially pronounced falls were seen in residential building and civil engineering projects. November’s slump was […]
The S&P Global Eurozone Construction Total Activity Index fell from 44.9 in October to 43.6 in November, indicating a seventh consecutive monthly contraction in activity levels across eurozone’s construction sector. Notably, the decline was the strongest since May 2020 and marked overall. France (40.7) led the downturn, followed by Germany (41.5) which had recorded the […]
Cloud-native core banking engine, SaaScada, today announced it was selected by astrantiaPay to launch a Swiss point of contact for international businesses looking to open and run corporate bank accounts in Switzerland. Once regulatory approval is in place, astrantiaPay will provide mission-critical payment services to sophisticated Swiss, European, and global companies. “Promoting SMEs is high […]
UK Export Finance (UKEF) has today announced up to £4bn is now available for Moroccan buyers for projects in the region, provided at least 20% of the content is sourced from UK businesses. To promote UK and Moroccan trade, UKEF has appointed a new International Export Finance Executive (IEFE), based in Casablanca, to help galvanize […]
