Pelican AI (pelican.ai), a global provider of Artificial Intelligence-powered payments and financial crime compliance solutions for banks and corporates, announced today that the Treasury Services business of leading global bank BNY Mellon is implementing its AI-based Pelican Secure Sanctions Self-Learning Optimization™ (SSLO) solution in the coming months to drive efficiency in their global sanction screening capabilities.

Leading global fintech firm, Finalto, is proud to be a mega platinum sponsor for the prestigious Finance Magnates London Summit 2021. Scheduled to be held at Old Billingsgate, London, on November 16-17, the event is one of the most awaited in the fintech sector. Finalto is also a sponsor for the Speaker Hall at the London Summit and will be available at Booth #5 to showcase their offerings.

• Suppliers: A quarter of SMEs reported prices have almost doubled over the past 6 months as costs of raw materials increase around the world 
• Reaction: The majority of SMEs are absorbing the increased costs and only a fifth are passing on the additional cost to their customers  
• Outlook: Majority of SMEs are grateful to be in business and generating revenue despite the increased costs, and are prepared to accept up to a 20% drop in revenue

MOHANOKOR Microfinance Institution Plc., a leader in the provision of inclusive financial services in Cambodia, has launched an in-house processing centre using the open development payments platform, TranzAxis, from Compass Plus. The move will allow MOHANOKOR to continue its expansion into rural areas and further develop its range of products and services to meet the needs of its customers.

Through Citi’s latest offering, the bank will support clients as they advance their

ESG priorities and improve the resilience of their supply chains

Citi has launched its first Sustainability-linked Supply Chain Finance (SSCF) program in Asia Pacific with the aim of supporting clients as they advance their ESG priorities, improve the resilience of their supply chains and manage their working capital needs. 

• Growing the business is the most important reason cited by SMEs accessing finance, overtaking ‘managing day to day cash flow’ for the first time this year.

• Prior to the Recovery Loan Scheme being extended, nearly 40% of brokers saw client demand for the scheme increase compared to Q2.

• iwoca’s SME Expert Index provides regular snapshots of the lending market from the perspective of industry experts .

Veteran HR expert will oversee company’s continued team expansion and growth 

AUD Threatened Even as RBA Prepares to Tighten, DXY Climbs

 Verto, the B2B payments platform and currency exchange marketplace for SMEs, has partnered with ClearBank, the cloud-based clearing bank, to create seamless cross-border payments solutions for underserved UK and European businesses.