Bank of America joins the Marco Polo Network
by Ben Poole
The move should further increase the reach of the distributed trade finance platform.
Financial Supply Chain Platforms
Background
The trade and financial supply chain platforms provide the linkage between the buyer and their suppliers. The four types of platform have very different focus and coverage of the basic functions in…
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DBS launches multi-tier financing facility on blockchain for Chinese SMEs
by Ben Poole
The facility will allow the bank to provide digital trade financing to more than 1,000 suppliers within 24 hours.
Mastercard joins the Marco Polo network
by Ben Poole
The partnership aims to advance global trade through optimised financing.
Traydstream and Standard Chartered to digitise documentary trade matching processes
by Ben Poole
The partnership is looking to enhance documentary trade processing and trade finance.
Demica launches SABB’s supply chain finance platform
by Ben Poole
The platform allows the bank to offer payables finance to clients.
Transactions on we.trade up 38% per month throughout 2019
by Ben Poole
The growth has led to the company announcing it will open a public investment round in early 2020.
Standard Bank becomes first South African bank to join Marco Polo Network
by Ben Poole
The DLT network is designed to provide a secure way to access trade finance.
Standard Chartered and SAP Ariba to bring financial supply chain solutions to Asia
by Ben Poole
The bank's supply chain solutions will be available to Asian corporates through the Ariba Network.
Avetta launches online resource for supply chain contractors
by Ben Poole
The platform offers access to discounts on safety-related products and services.
Westpac takes e-procurement to the cloud
by Ben Poole
Partnership with Coupa aims to provide increased purchasing power and process efficiencies for corporates.
Marco Polo Network and Logwin execute a real-time trade transaction for the first time
by Jack Large
Blockchain based trading platforms are making progress
Sberbank moves LC business online
by Ben Poole
With the service, clients can conduct all LC operations online.
ASB Bank takes stake in supply chain technology company TradeWindow
by Ben Poole
Funding fast-tracks launch of company focusing on distributed ledger technology trading product.
Standard Chartered completes cross-border LC blockchain transaction with PTT Group
by Ben Poole
The transaction is the first cross-border letter of credit issued over the Voltron blockchain platform in the oil industry.
Corporates collaborate with IBM and Chainyard on supply chain blockchain network
by Ben Poole
Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone participating in the network.
Europe move on deforestation may impact on supply chains
by Graham Buck
The European Commission has signalled action to protect and restore the world’s forests, which are home to 80% of biodiversity on land
Apple supplier IQE explores new Asian supply chains
by Graham Buck
The chipmaker says that its supply chains worldwide have been reviewed in response to escalating US-China trade tensions
China’s regulator targets supply chain finance fraud
by Graham Buck
Recent cases involving allegations of fraud have persuaded the CBIRC that tighter controls are needed
KPMG partners on blockchain for telecom settlements
by Graham Buck
The Big Four accounting firm is pooling resources with a trio of tech giants, TOMIA, Microsoft and R3, on the initiative
China’s Tencent moves further into supply chain finance
by Graham Buck
The internet-based tech and investment giant promises to lower costs for suppliers after completing its first transaction last month
Nestle trials public blockchain for dairy supply chain
by Graham Buck
The Swiss group, which has already experimented with the technology, is aiming for even greater transparency
Five more banks and financial institutions join Trade Finance Distribution initiative
by Jack Large
Shows growing demand for buying and selling trade finance assets
Banks to gain access to Demica trade finance platform
by Graham Buck
The trade and receivables finance specialist’s solutions were previously only available through the company’s internal systems
HSBC executes innovatory dual platform blockchain transaction
by Graham Buck
Complementary distributed ledger networks brought together for the first time in the Middle East connect Hong Kong and the UAE