Fintech Press Releases

Latest press releases and industry updates in the financial services sector.

Machine learning critical for better SME credit scoring in trade finance

Alex Johnson from Moorgate Communications
29 May 2018
AI and broader data collection can overcome the “trade finance gap” by improving credit scoring for SMEs in trade finance, says Michael Boguslavsky, head of AI at Tradeteq and author of a new white paper. LONDON: Tradeteq, the trade asset distribution platform, has today released a white pape...

Accounting, banking and fintech platforms in race to become SME Cockpit, finds new report

Anna King from Scripsy
19 Jun 0028
SMEs will soon be able to manage their finances from a single, central hub, according to a new report, which predicts the rise of the integrated ‘SME cockpit’. Bringing together services currently performed by banks, accounting platforms, and cash flow tools, the cockpit will reduce the need ...

Form3 announces the creation of its International Payments business

Laura Francis from Form3
23 Sep 2019
Form3, the leading cloud-native API payments platform company today announced the creation of its International Payments Business, a new initiative by Form3 to give consumers and SMEs access to low cost payment services, utilising its API technology. Through its initial partnership with Ebury,...

Statrys and Railsbank partner to offer local currency accounts to Asian SMEs

Djon from STATRYS
24 Jun 2020
Hong Kong, 24th June, 2020. Statrys announces its partnership with Railsbank, the leading global open banking platform. Statrys expands its current service offerings (online business account, payments and forex solutions) to provide local currency accounts in EUR and GBP for Asian SMEs. “...

Fintech Taskforce Members Nimbla and Wiserfunding Partner to Protect UK SMEs From Insolvency

Wiserfunding from Wiserfunding
28 May 2020
London, 28th May 2020: With the number of UK SMEs in significant financial distress reaching over 500,000 due to COVID-19 , leading invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding, to improve the availability and pricing of commercial credit ...

Statrys Secures USD $5M Funding Round in Big Payments Push for Asia SMEs in 2020

Djon Ly from STATRYS
02 Nov 2020
Statrys, a Hong Kong-based digital payment services platform, has recently accepted a USD $5M funding round to help kick off its newest products to a rapidly growing market. This round was led via a closed-door funding arrangement with an angel investor in the region with the expectation for Stat...