Ngulminthang Lhanghal - Financial Expert

Thought Machine, the UK-headquartered technology unicorn has been selected by Bpifrance, the French public investment bank, to use its cloud-native core banking platform. Bpifrance will be using Thought Machine’s Vault Core platform to power its digital transformation strategy. Thought Machine claims that Vault Core’s Universal Product Engine allows Bpifrance to build, test, and launch new products faster than other core systems. Its first product on Vault Core, a two-year commercial loan, is already live. The cloud-native design of Vault Core ensures Bpifrance can scale at pace, both in terms of product offerings and customer numbers. It will also be able to configure and personalise financial products to match customers’ specific needs. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/bpifrance-selects-thought-machine-to-power-finance-offerings-to-smes

Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority, GIFT City, announced the completion and disbursement of its first set of export financing transactions. Vayana TradeXchange (VTX) is built and operated by Vayana Pvt Ltd, a 100% subsidiary of Vayana Network, the largest Supply Chain Finance platform in India. The first set of transactions on VTX have been financed by VoloFin, a global FinTech company offering invoice and supply chain finance solutions to SME businesses. The first cross-border transaction between an Indian Exporter and the USA Buyer was successfully financed on VTX by VoloFin. VTX, the auction-based electronic platform will facilitate the financing of international trade flows by introducing various trade financing products at competitive terms. This will help exporters and importers in India and across the globe to convert...