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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. CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. billion in 2009 to $1.54

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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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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

The worldwide banking industry experienced profound challenges during the Great Recession of 2008-2009. Pressures stem from a myriad of sources: competition from fintechs; unrelenting regulatory environment; associated costs of compliance (or non-compliance!); These banks are deploying advanced technology and becoming cognitive.

Marketing 156
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Financial Stability Board Calls For Current Crypto Education

PYMNTS

Technology is changing the nature of traditional finance; the non-bank sector has grown, and requires deeper understanding and coordination among the supervisory and regulatory community. Pressures that can lead to market fragmentation exist.

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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. So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market. That's all I'm hearing. It's like global warming. You know who you are.

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