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IFC, Citi Launch $800M Fund To Support Trade Finance In Emerging Markets

PYMNTS

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 232
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IFC, Citi Launch $8M Fund To Support Trade Finance In Emerging Markets

PYMNTS

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 193
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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. billion in 2009 to $1.54 million members in 2009 to 119.6 New technologies are being developed to continue this market growth. Total CU assets increased 7.4

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Why JPMorgan Wants A Piece Of The SMB POS Market

PYMNTS

Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). The point of sale, then, is fast becoming the new point of competition between a traditional FI and a slew of FinTechs and service providers. Square and PayPal do not have monthly fees, but levy fees of 2.6

Marketing 306
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Financial Stability Board Calls For Current Crypto Education

PYMNTS

In a letter to finance ministers and G20 central banks, Quarles said they’re in danger of falling further behind as the digital payments sector grows and innovates. Pressures that can lead to market fragmentation exist. He sent the letter ahead of the 2020 IIF G20 Conference happening in Riyadh, Saudi Arabia this weekend, Feb.

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RBS To Allocate $1 Billion To Help SMEs Switch To FinTechs

PYMNTS

Reports Thursday (July 26) said the Royal Bank of Scotland will be required to establish an innovation investment fund worth nearly $670 million, and a scheme worth $457 million, to encourage SMEs to switch bank accounts. RBS is also required to pay grants to challenger banks and FinTechs in an effort to enhance competition.

Fintech 100
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FastPay On The Financial Impact Of 10 Years Of Media Disruption

PYMNTS

“In the past ten years, the media landscape has seen explosive growth and sophistication in the form of mobile, digital, video and OTT [over-the-top], with more advertisers trending away from traditional media like TV and print,” Baysal recently told PYMNTS for its latest Class of 2009: Innovator’s Club discussion.

Strategy 100