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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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Citi: FIs’ Role In Creating Resilient Global Trade Finance Initiatives

PYMNTS

(IFC) teamed up more than a decade ago, the world remained in the midst of an economic crisis that hit small and medium-sized businesses (SMBs) in emerging markets especially hard. Since its 2009 debut, the fund has connected businesses to $35 billion in trade finance.

Marketing 154
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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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Intuit Eyes Buying Credit Sesame, NerdWallet And Finicity

PYMNTS

Intuit , the tax software company best known as being the enterprise behind QuickBooks and TurboTax , is looking into acquiring FinTech Finicity , according to reports. On Monday (March 9), the market saw Intuit’s shares dip 4.3 Intuit recently bought Credit Karma for $7 billion. percent, which is $11.45, to $263.73.

Taxes 154
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Where are The FinTech Darlings Now?

Jeff For Banks

FinTech, FinTech, FinTech! A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. That's all I'm hearing. It's like global warming.

Fintech 60
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How The Gig Economy Has Evolved Over The Last Decade

PYMNTS

Uber , Lyft , Fiverr , Airbnb , Postmates were the early names in the game, all founded between 2009 and 2011. Closing in on its 10th anniversary, Fiverr recently announced that over $1 billion has been earned by its global community of gig workers in the decade the company has been in operation. Some lasted; some did not.

Community 236