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CIO Economictimes >
Indian Factoring Exchanges and MonetaGo launch blockchain network in India

Indian Factoring Exchanges that includes three exchanges -- A.TREDs, RXIL and M1xchange along with MonetaGo have launched a blockchain network in India to prevent financial fraud and double invoicing problems.

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Elets News Network >
Standard Chartered and Godrej Agrovet completes its first TReDS transaction with M1Xchange

In an endeavor to support MSME financing, Standard Chartered Bank has successfully completed its first Trade Receivable Discounting System (TReDS) digital factoring transaction on M1xchange. The Bank purchased the digital factoring unit of MSME supplier of Godrej Agrovet Ltd.

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DQ Channels
PSU Banks Participation on TReDS – M1xchange

The participation of PSU banks on M1Xchange (TReDS platform) has been forthcoming. In their role towards growing MSME finance, PSU banks have registered themselves on M1Xchange and started bidding to finance receivables of MSMEs.

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Live mint
Lenders, MSMEs flock to electronic bill exchanges

Electronic bill exchanges are the latest match-making venues for lenders seeking new clients and small entities desperate for capital.

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Business Line>
More MSMEs register with M1 Xchange for online trade receivables discounting

Micro, small and medium enterprises (MSMEs), which were hitherto struggling to stay afloat due to paucity of working capital, can bank on M1 Xchange, a digital platform that deals in TReDS (Trade Receivables Discounting System).

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Indian Express >
Express IT Awards 2017: Adaptive, flexible, resilient workforce needed, says Amitabh Kant

Speaking at the fifth Express IT Awards, Amitabh Kant noted that robots and artificial intelligence were bringing benefits by improving productivity and lowering costs.

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CXO Today >
Digital Transformation Lessons For Supply Chain Leaders

In the era of globalization no company can survive on its own, it’s connected to other companies at various levels. Every industry whether big or small needs to procure materials to manufacture their products, as well as have a robust customer network to sell its products or services.

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Economic Times >
State-run companies can step on to TReDS platform

TReDS, a trading platform that could ease financing constraints for small and medium enterprises, is set to take off after three years, after the government allowed state-run companies to use the platform.

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Elets News Network >
M1Xchange: Assuring Quality Assets in the MSME space

M1Xchange a digital platform, having robust Information Technology infrastructure and strong legal framework is a preferred choice for most of the segments of financiers.

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Improve the flow of working capital for MSMEs with TReDS

Sundeep Mohindru, Founder & CEO, M1Xchange in conversation with DQWeek, explains TReDS and the role it plays in making the economy better.

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Banking Frontiers >
TReDS portal now key for MSME financing

Despite being the major contributor to the industry, MSMEs face the challenge of financing their working capital at reasonable cost. To make liquidity available to MSMEs, RBI under the payment and settlement Act, 2007 facilitated the financing of their trade receivables online, through an automated portal called TReDS.

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Live mint
Canara Bank seeks bids for 70% stake sale in Canbank Factors

State-owned Canara Bank plans to sell its entire 70% stake in non-banking subsidiary Canbank Factors Ltd, according to a tender on the bank’s website.

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SME World
Easing SME Finance : Mynd has Single-minded Devotion to SMEs Sector

Mynd has set up TREDS platform – M1xchange for MSME funding at an interest cost which is in parity with large corporate. In M1, MSME suppliers are provided finance against their receivables to large corporate by way of Factoring. Banks discount the invoice and make instant payment to MSME and collect the receivables from the large corporate as per the credit period.

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Enterprise IT World
Sunil Kumar, CTO - M1xchange features in Enterprise IT World magazine

Sunil Kumar, CTO - M1xchange features in Enterprise IT World magazine's list of top 200 personalities who are driving change. Sunil was selected to be on the list because of his contribution in leading the development of M1xchange, Mynd's TReDS platform for online invoice financing.

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SME Street>
M1xchange is a Solution to Age Old Problem of Working Capital

We know that the SME entrepreneur when sells their goods and services to a large corporate. They often struggle to collect the money from the large corporate and that money is nothing but his working capital.

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Business Line>
Mynd Solutions in scale-up mode

Mynd Solutions, which offers online discounting of trade receivables, expects total throughput of bills discounted through its platform this fiscal to touch ₹3,000 crore, Sundeep Mohindru, Founder & CEO, has said.

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The Economic Times >
TReDS Help SMEs Get Credit from Corporates on Time

This is a bill discounting system which allows banks to make payments to vendors against supplies to corporates

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United News of India >
M1xchange adds new features to improve Inflow of Working Capital For MSMEs

Mynd Solutions, one of India’s leading outsourcing and consulting company, has added new features to its M1xchange to provide better Inflow of Working Capital For Micro, Small and Medium Enterprises (MSMEs) in the light of Goods and Services Tax (GST) regime.

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Banking Frontiers >
Will TReDS bring liquidity for MSME sector In India?

Micro Small and Medium Enterprises (MSMEs) have been a much-ignored sector in our country and it started to evolve considerably post the independence. It has progressed in scale and in the scope of business activities over the last couple of years.

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The Economic Times >
RBI’s trade receivables system to help MSME sector

While the government is prodding the micro, small and medium enterprise (MSME) sector to drive the economy to its next phase of growth and job creation, the entire sector is grappling with challenges of getting their payments on time...

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The Indian Express >
Factoring is the growth engine for MSME sector and India is being looked as biggest emerging market for Factoring in Asia: ASSOCHAM

Factoring in India though has grown up both in experience and expertise. However, it still is considered to be at a nascent stage.

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Business Line>
M1xchange Completes its first TReDS Transaction with IndusInd Bank

M1xchange Completes its first TReDS Transaction with IndusInd Bank. Mynd Solutions M1xchange today announced its first successful online invoice discounting transaction.

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India Today>
Mynd Solutions Improves the Inflow of Working Capital for MSME via Launch of M1xchange

Mynd Solutions, one of India's leading outsourcing and consulting companies, today, announced the launch of M1 - Mynd Online National Exchange for Receivables.

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Business Standard >
TReDS can boost MSMEs' liquidity, with some tweaks

The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to micro, small and medium enterprises (MSMEs).

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ET Now >
Mynd Solutions awarded as Leaders in Financial, Banking & Allied Services category at the "ET NOW Leaders of Tomorrow award summit

We are pleased to share that Mynd Solutions has received an award under the category "Financial, Banking & Allied Services" at "ET NOW as Leaders of Tomorrow 2016.

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Times of India >
Mynd Solutions to launch Online National Exchange for TReDS

Mumbai, Oct 4 Gurgaon-based Mynd Solutions will launch Online National Exchange for Receivables over the next three months, its CEO said.

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India Infoline >
Mynd Solutions has been appointed by RBI to implement ‘TReDS’

A break through step in creating and promoting market place for financial products in India, has been taken by Reserve Bank of India by conceptualizing the idea.

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Financial Express >
Axis Bank, 2 others get RBI nod to set up TReDS

The Reserve Board of India (RBI) on Tuesday gave in-principle approval to three applicants to set up and operate Trade Receivables Discounting System (TReDS).

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The Hindu Businessline >
Axis Bank, 2 other entities get RBI nod to set up trade receivables discounting system

Three entities — Axis Bank, Gurgaon-based Mynd Solutions and a joint bid by NSE Strategic Investment Corporation and Small Industries Development Bank of India.

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Reserve Bank of India >
RBI grants “in-principle” approval to three applicants for setting up Trade Receivables Discounting System (TReDS)

In the Union Budget for 2015-16 the Honourable Union Finance Minister had highlighted the need for and use of TReDS for improving flow of funds to MSME sector.

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