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Surecomp fights double financing fraud with invoice checking tool

Toronto-based tech firm Surecomp is seeking to tackle attempts at double financing through the launch of an invoice comparison tool, which it hopes will broaden access to finance by minimising banks’ risk of exposure to fraud.  Surecomp announced this week that the solution has been introduced to more than 25 international banks since the first ...
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Exclusive: Rhodium insolvency fears sparked by loss of US$580mn insurance cover

Troubled commodities trader Rhodium Resources lost insurance cover totalling more than US$580mn last year, leaving it unable to pay creditors and facing the threat of insolvency, court documents reveal.  Singapore-headquartered Rhodium fell into serious financial difficulties in August 2020, according to documents submitted to the city-state’s High Court in December that year by its chief ...
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