Latest news with #SCF
Mid East Info
11-06-2025
- Business
- Mid East Info
EDGE and FAB Sign Strategic Agreement to Build a Resilient Financial Ecosystem - Middle East Business News and Information
EDGE will leverage FAB's Supply Chain Finance SCF solution for innovative financing opportunities at all stages of EDGE's supply chain, while the AI-powered Treasury Management System TMS will automate treasury operations Abu Dhabi, UAE: June 2025 – EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB), the UAE's global bank. The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS). Hamad Al Marar, Managing Director and CEO of EDGE said: 'Our partnership with FAB is a strategic enabler of EDGE's global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth.' Martin Tricaud, Group Head of Wholesale Banking at First Abu Dhabi Bank (FAB), said: 'FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation.' Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations. EDGE's deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding. Rodrigo Torres, Group Chief Financial Officer of EDGE, said: 'This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence. To date, over AED 1.6 billion in invoices have been processed, unlocking more than AED 1.2 billion in off-balance sheet financing. These solutions enable real-time cash control, intelligent forecasting, and stronger financial governance across the Group – all of which are critical to supporting our long-term growth strategy and industrial objectives.' About EDGE: Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.
Al Etihad
11-06-2025
- Business
- Al Etihad
EDGE, FAB sign strategic agreement to build a resilient financial ecosystem
11 June 2025 13:12 ABU DHABI (ALETIHAD)EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB).The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS).Hamad Al Marar, Managing Director and CEO of EDGE, said, 'Our partnership with FAB is a strategic enabler of EDGE's global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth.'Martin Tricaud, Group Head of Wholesale Banking at FAB, said, 'FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cash flow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation.'Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the platform provides protection for interest rate risk and FX risk while improving financial agility, investment planning, and Torres, Group Chief Financial Officer of EDGE, said, 'This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence." He added that to date, over Dh1.6 billion in invoices have been processed, unlocking more than Dh 1.2 billion in off-balance sheet financing. These solutions enable real-time cash control, intelligent forecasting, and stronger financial governance across the Group – all of which are critical to supporting the long-term growth strategy and industrial objectives. Source: Aletihad - Abu Dhabi
Business Recorder
10-06-2025
- General
- Business Recorder
Urban centres: SCF concerned about environmental issues
HYDERABAD: The Sindh Community Foundation (SCF) has raised serious concerns over the escalating environmental crisis in Sindh's urban centres, saying big cities like Karachi and Hyderabad are facing an impending ecological breakdown that demands immediate action. Single-use plastics are clogging our drains, polluting waterways, and posing serious health risks, said Javed Hussain, Executive Director of SCF. By tackling plastic pollution, strengthening environmental laws, and engaging communities, we can restore urban ecosystems and safeguard public health for future generations. He said in Karachi, the megacity's tree cover has fallen to below 3%, one of the lowest among global megacities, exacerbating the urban heat-island effect. This has led to soaring temperatures, making the already critical environmental situation in the city even worse. The lack of public waste bins, combined with clogged drainage systems, significantly increases the risk of urban flooding and the spread of waterborne diseases. There is absence of municipal bylaws on waste segregation, water protection, and sustainable construction practices, which only deepens the environmental crisis. Furthermore, environmental education is largely absent from school curricula, preventing the younger generation from developing a sense of ecological responsibility. SCF has proposed a comprehensive four-point strategy to address the crisis: enforce zoning laws and require Environmental Impact Assessments (EIAs) for all new urban developments to minimise environmental harm; mandate the inclusion of green roofs on public buildings to reduce urban heat, improve air quality, and support biodiversity; implement strict regulations to control plastic use, improve waste disposal systems, and monitor air and water quality through transparent mechanisms with penalties for violations; and launch community-driven 'Clean and Green' initiatives, such as neighbourhood clean-ups, rooftop gardening, and door-to-door recycling, to foster environmental responsibility and public engagement. Copyright Business Recorder, 2025
Time of India
07-06-2025
- Entertainment
- Time of India
Florida Panthers' post about Brad Marchand sparks heated debate after dramatic win over Oilers in Game 2
The Edmonton Oilers faced a devastating defeat against the Florida Panthers last night after a win in Game 2. While the Oilers' players looked heartbroken, fans and players of the Florida Panthers were ecstatic at this win. Tired of too many ads? go ad free now Now, a recent post made by the Florida Panthers has sparked a debate on X among fans and it is all about Brad Marchand. Florida Panthers' recent post about Brad Marchand sparked a debate among fans A few hours ago, the Florida Panthers took to X to post a picture of Brad Marchand scoring the winning goal. The post reads as, 'ARE YOU NOT ENTERTAINED?!?' and it has sparked a debate among fans. A fan took to X and wrote, 'MARCHYYYY GET UR CUP BUD U DESERVE THAT TROPHY 🏆 (my captain as a bruins fan), while another fan wrote, 'As an Oilers fan, these have been two very good exciting games. Hope for more to come.' A third fan wrote, 'Hell of a fucking bounce back that's why I love this team', while another user wrote, 'You never give up a breakaway to veteran Stanley Cup Champion like Marchand especially in Game in SCF he will make you pay.' However, other fans have accused the Florida Panthers of 'cheating' in Game 2. A fan wrote, 'Cheaters gonna cheat. NHL has a script', while another fan commented, 'The absolute embarrassment to the game of hockey. The embellishments and crying by the panther players is awful to see.' While Brad Marchand has not yet responded to such reactions, the Florida Panthers' star player seemed excited as his mother was spotted cheering him. Speaking about his mother's presence in Game 2, Brad Marchand said, 'She is one that you need to put a muzzle on. She gets pretty amped up at the games. You know, they've always been so supportive, like all of our parents.' Tired of too many ads? go ad free now He added, 'I mean, I don't think there's a player in this league that could say that their parents are not, you know, the main reason why they're here, the sacrifices they all make." Game 3 between the Edmonton Oilers and the Florida Panthers is scheduled to be held on Monday night. Also Read:
Business Standard
04-06-2025
- Business
- Business Standard
PSBXchange Onboards Leading B2B SaaS SME Platforms and Fintechs to Power Embedded Supply Chain Finance Solutions
NewsVoir Mumbai (Maharashtra) [India], June 4: PSBXchange, India's flagship multi-lender embedded supply chain finance ecosystem, powered by Veefin Solutions & PSB Alliance, has announced the onboarding of several prominent B2B SaaS SME platforms and SCF Fintechs - IBSFINtech, Xtracap Fintech, Metalbook, Supermoney, Avysh, Techpanion, Invoyz, Capwing, Finsso, Deleverage & many more - allowing them to deliver seamless, embedded supply chain finance (SCF) and working capital solutions to a large pool corporate customers and their channel partners. These companies specialize in multiple verticals across the ecosystem such as accounts payable automation, distribution technology, spend management, corporate treasury management, supply chain finance management and SME financial enablement. They will now leverage PSBXchange's infrastructure to offer real-time, multi-lender financing options directly within their platforms. This feat would normally take a lifetime to achieve by a single B2B SaaS platform, but by onboarding with PSBXchange, this not only increases the volume of transactions on these platforms but increases access to capital therefore contributing to the growth of the SCF ecosystem in the country. Anuj Jain, Head of Partnerships, PSBXchange, Veefin said, "PSBXchange is designed to democratize access to working capital by embedding financial services at the point of need. By embedding Supply Chain Financing workflows in B2B SaaS Platforms, ERPs, DMS, B2B Marketplaces, Treasury management Solutions, etc., we're enabling corporates, dealers, distributors, and vendors to access capital faster and more transparently from various PSUs and Private Banks." Why These Platforms? These companies serve a diverse base of corporates and brands through SaaS platforms that digitize and streamline critical B2B trade and payment workflows, including accounts payable, distributor management, treasury management and expense automation. By integrating with PSBXchange, they can now provide embedded SCF solutions to clients -- all through a single API integration suite. How the Partnership Works: Via PSBXchange, these platforms can offer their customers access to a wide network of Public Sector Units (PSUs) and private lenders -- including banks and NBFCs - for invoice-based financing, dealer/vendor funding, and working capital credit lines. PSBXchange's platform offers: - Multi-lender onboarding and transaction APIs - Real-time credit decisioning - Single-window access to PSUs and Private Banks - Increased capital accessibility, financing efficiency and compliance monitoring This collaboration empowers platforms to be not just software enablers, but also financial enablers for the SME and mid-market ecosystem. Founders and leaders from these platforms shared their thoughts on how this partnership will help boost financial access and support growth across the supply chain ecosystem. CM Grover, MD and CEO, IBSFINtech At IBSFINtech, we've always believed the future of treasury lies in a connected ecosystem. Embedding Supply Chain Finance in our TreasuryTech business is a natural extension of our core product, augmenting it with innovative invoice-based financing and much more. Our partnership with PSBXchange marks a significant stride in this journey, expanding our reach and enabling our esteemed corporate clients and their channel partners to access a broad network of banks-all within our powerful treasury platform. This collaboration represents a major milestone in fostering a financially inclusive supply chain ecosystem for Bharat. Mohammed Riaz, CEO and MD, Xtracap Fintech "Our mission has always been to bridge the credit gap for small businesses through innovative, cash flow-based invoice financing. This partnership with PSBXchange significantly extends our reach and amplifies our impact by seamlessly connecting our MSME customers to a wide network of banks-all from within our platform. It's a major step forward in building a financially inclusive and affordable supply chain ecosystem for Bharat." Raghavendra Pratap Singh, Co-founder, Metalbook Metalbook's partnership with PSBXchange is a game-changer for the metal industry -- unlocking deep-tier financing from raw material suppliers to end consumers. By bringing affordable capital to every level of the supply chain, we're solving one of the biggest challenges in this working capital-heavy ecosystem. Together with PSBs, Metalbook's on-ground intelligence, full transaction visibility, and data-led insights will enable sharper credit decisions -- collectively driving a more inclusive, efficient, and scalable financing ecosystem for the metal industry. Nikhil Banerjee, Co-founder, Supermoney For MSMEs to grow, access to real-time capital is no longer optional - it's critical. By embedding PSBXchange's robust SCF capabilities into Supermoney's ecosystem, we're giving our clients the power to unlock liquidity when and where they need it. This partnership with Veefin is set to be a gamechanger in the ecosystem that is being built around focusing on liquidity for MSMEs at scale and we're expecting this contribution to grow multi-fold using the PSBXchange platform. Tejas Sati, Keerthan Shetty and Nachiket, Co-founders, Avysh "At Avysh, we digitise channel commerce to make the channel ecosystem truly ready for digital commerce era in the FMCD verticals. With PSBXchange, we are now taking the next big leap by integrating financing directly into channel commerce workflows - removing friction for channel partners and brands and enabling faster commerce across the ecosystem." Ritesh Agarwal, Founder and CEO, Invoyz Invoyz has always believed in making invoice financing simple, fast, and transparent. Through PSBXchange, we are giving our Anchor and SME users instant access to a marketplace of lenders, right from the Invoyz platform. This embedded finance partnership transforms Invoyz into a true financial enabler for anchors and distributors. Dhruv Suri, Founder, Deleverage Technologies Deleverage's core mission is addressing the credit gap faced by MSMEs through innovative invoice financing solutions. Our collaboration with PSBXchange enhances our reach and effectiveness by seamlessly integrating access to an extensive banking network for our users. This represents a substantial advancement in establishing a financially inclusive supply chain ecosystem for Bharat. PSB Alliance, a company setup by all Public Sector Banks of India, is dedicated to delivering integrated, technology-enabled financial services across India. The alliance focuses on delivering integrated, technology-driven banking services nationwide, aiming to enhance the efficiency and reach of banking operations. For more details, The Veefin Group of Companies is on a mission to become the Global No.1 Working Capital Technology Platform. Veefin Group addresses every aspect of optimizing Working Capital, by offering solutions across end-to-end digital Supply Chain Finance, Digital identity verification and automated financial statement analysis, debt securitization, cash management, trade finance, automated Accounts Receivable (AR) & Accounts Payable (AP) and software consulting and services by deploying innovative, agile & scalable technology, Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to deploy software consulting, creative and media solutions, MarTech capabilities, trade finance, cash management, and automated receivables. Veefin Group also builds white-labeled Supply Chain Finance and Digital Lending solutions including end-to-end Lending Stack, Smart Credit Decisioning, Business Intelligence, Analytics and Omni-channel Onboarding for Banks, Financial Institutions, Fintechs, B2B marketplaces, and Corporates. Part of the Veefin Group of companies, Veefin Solutions Ltd. the parent Company is listed on BSE SME.
