Tradeteq, the London-based provider of technology and software solutions to the trade finance industry, has today published a whitepaper titled Trade Finance in 2020: Asset Distribution – A Macro-economic Necessity. The paper highlights the need for a greater distribution of trade finance assets to non-bank investors to help SMEs in the Covid-19 pandemic.

Amid the current coronavirus crisis, many businesses are seeing an enormous increase in demand for their customer services. Tandem Bank is currently receiving record levels of contacts, yet despite this the business is very proud to announce its customer satisfaction scores have risen to their highest ever level at over 93 per cent.

GoCardless, the leading fintech for recurring payments announces that 8x8, a leading integrated cloud communications platform provider, is using GoCardless to provide direct debit as a payment method to its customers worldwide. The company joins a growing number of SaaS businesses choosing GoCardless to power their global payments.

Digitalising finance functions has become a major challenge for organisations of all kinds.

According to Gartner, the term “digital” in the early 2000s only ranked among the Top 5 priorities for CEOs in one in every 50 companies surveyed. Today, it is a priority for one out of every five.

The proportion of businesses that have a digital strategy rose from 62% in 2018 to 82% in 2019, confirms Gartner, which considers that 90% of companies today have already been confronted with different types of disruption in their business models.

Sopra Banking Software announces the go-live of its Cassiopae leasing and lending software at Hyundai Capital America (HCA). Cassiopae, part of the Sopra Financing Platform, is now the servicing engine for HCA’s lending lifecycle. A key milestone in Hyundai’s global Next Generation System rollout, the US go-live follows Cassiopae implementations at HCS in Korea and Hyundai China (BHAF).

iwoca, one of Europe’s largest small business lenders, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). Existing customers affected by COVID-19 will be able to apply this week, followed gradually by new customers.

Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).

Koine, the provider of segregated, institutional custody and settlement services for digital assets, has announced a joint venture with Canadian company DTM Global Holdings to deliver post-trade solutions across DTM’s FINTEGRATION™ ecosystem of fintech and eDigital Securities products for private and public sector enterprises.

Those in DTM’s international ecosystem who will benefit from Koine’s post-trade solutions include traditional (fiat) exchanges and digital securities trading platforms.

A new digital platform, that is set to revolutionise business operating models and boost profits, has been launched today, after a successful Beta trial with a dozen companies.

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that one of its flagship customers - Norway’s largest bank DNB - is ready to be switched on with SWIFT-compliant versions of both its front and back-end solutions, IMEX and allNETT. Despite the deadline of the guarantee messaging standard moving back to 2021, DNB’s proactive approach is exemplified by dozens of other customers who have also been successfully tested and are ready to go live.