Page 25 - Personal Data Held News Today

Francesca Nenci will take sole charge of UniCredit’s trade finance business amid a simplification of the Italian lender’s executive structure under new CEO Andrea Orcel. Nenci, who has been with UniCredit since 2004, has been global co-head of trade since May 2020 alongside Raphael Barisaac. She has now been appointed as sole global head of ...

Re/insurance giant Swiss Re has hired Marilyn Blattner-Hoyle as global head of trade finance in its global credit and surety unit. Blattner-Hoyle joins from AIG, where she had been since 2015, most recently as managing director, global head of trade finance, based in London. Before AIG, she was a solicitor with Hogan Lovells in London, ...

Miami-headquartered fintech company Calculum has launched a new data-as-a-service (DaaS) platform that aims to help companies negotiate better payment terms with trading partners and boost their cash flow. Powered by artificial intelligence (AI) and machine learning, the platform analyses various aspects of a company’s buying counterparty or supplier, before providing insights on how the firm ...

The International Finance Corporation (IFC), Citi and multinational food company McCormick have rolled out a new programme offering environmental and sustainability-linked financing incentives to McCormick’s herb and spice suppliers. The programme has been launched in Indonesia and Vietnam, where suppliers will qualify for discounted rates on their short-term working capital financing when they meet sustainability ...

Regional growth in goods trade has been more varied than ever before amid the recovery from the pandemic, according to a World Trade Organization (WTO) report. The East – steered by China – is dominating the global rebound, while Western powers lag behind. It has been clear for the last 12 months that East Asian ...

A €241mn facility extended by the UK export credit agency for the construction of six hospitals in Côte d’Ivoire has been activated after being signed earlier this year. The deal between UK Export Finance (UKEF) and Côte d’Ivoire’s economy and finance ministry includes a combination of direct lending and buyer credit. It is accompanied by ...

The US government has taken aim at China’s solar panel industry in an effort to root out alleged forced labour from American supply chains. Meanwhile the UN has pressed the Asian giant to allow it to investigate claims of human rights abuses in the Xinjiang region. US Customs and Border Protection (CBP) issued a withhold release order (WRO) against Hoshine Silicon Industry Co Ltd, a Xinjiang-based company, on June 24. Shipments from Hoshine containing silica-based products, used to make parts...

Bolero, a provider of trade finance digitisation solutions, has hired Vincent Acors as its new trade finance director for the Asia Pacific region. Based out of Bolero’s Singapore office, Acors will be responsible for business operations and Bolero’s growth strategy to build on the company’s growing presence in the region, as it Acors joins Bolero from MonetaGo, a fintech company that provides digital fraud prevention solutions, where he served a short stint as head of business developmen...

ING has launched a new independent company that aims to boost supply chain responsiveness to unexpected global events. Stemly, an autonomous forecasting platform for supply chains, is the first spin-out from of ING’s Singapore innovation lab. The Stemly platform uses autonomous machine learning technology to enable companies to address gaps in decision-making intelligence within supply chain operations – addressing a need that has grown in recent months. According to research carried out by...

The Biden administration has called for tens of billions of dollars in funding for strengthening supply chains for critical goods, after publishing its wide-ranging 100-day review into supply chains for key products. This week, the US government announced the conclusion of its 100-day analysis of supply chain vulnerabilities for pharmaceuticals, semiconductors, advanced batteries and critical minerals. The move follows an executive order (EO) on supply chains signed in late February, where Pres...