Contour partners with Chinsay to enhance trade finance offering
The two worked together on a fully integrated paperless trade between Cargill and Rio Tinto.
Trade Finance
Background
Trade financing is available for buyers and suppliers in all the phases and processes in the supply chain as the figure below shows: Financing the Supply Chain Source: Paul Robinson, HSBC There are two types of trade finance: supplier-centric and buyer-centric. Supplier-Centric Finance The main types…
Read more
Corda and Skuchain target trade finance interoperability
An application from Skuchain brokers a connection between Hyperledger Fabric and the Corda Network.
HSBC partners with Alibaba’s Cainiao to offer quick trade financing
Seven-day approvals for trade financing loans of up to US$500,000 will be offered to Tmall merchants in Hong Kong.
RMB cracks top 5 currency ranking for global payments volume
SWIFT's latest RMB Tracker statistics show the continued global growth of the Chinese currency.
Santander acquires majority stake in Mercury TFS
The company digitises and automates the end-to-end management of trade finance transactions.
Crédit Agricole CIB joins Marco Polo Network
Following an evaluation period in 2019, the bank is entering a pilot phase on the Marco Polo Network.
SWIFT working on digitised trade instruments
The global financial messaging provider is working with trade banks to digitise documentary trade finance.
LiquidX partners with Emirates NBD to expand trade finance presence
The partnership will focus on driving innovation in transaction banking.
Oil price war and coronavirus: global recession is almost inevitable
Nigel Green, chief executive and founder of deVere Group ponders global future
Trade finance partnerships increase options for corporates
ITFA and TFD Initiative target secondary trade finance market, while Contour and TradeCloud expand digital LC offering.
OCBC Bank scores initial use of Singapore Customs’ electronic banker’s guarantee programme
The electronic banker's guarantee was issued by OCBC Bank on behalf of vCargo Cloud.
DBS completes first trade financing transaction on CamelONE Trade Finance portal
The bank has also issued a number of relief measures to help Singaporean corporates manage the coronavirus situation.
Citi joins Contour trade finance network
The announcement comes as Contour moved into full commercialisation last month following two years of pilots in 14 countries.
ING selects Tradeteq to distribute commodity trade finance exposure to non-bank investors
Global investment manager Federated Hermes is also using the platform.
Taking the rough with the smooth: Innovating the trade finance industry
by Carl Wegner, CEO, Contour
How trade finance sector can be a core example of how technology can bring a new level of trust & transparency to global supply chains
CTMcast - 13 February 2020 : Review of key recent posts
Jack and Ben were joined on this CTMcast by Bruce Lynn, Managing Partner, The Financial Executives Consulting Group
Value of UK exports to non-EU countries rises in 2019
Over the past three years, UK exports to Asia and the US grew faster than sales to the EU.
Bolero launches trade digitisation platform
The Galileo platform includes an advanced user interface, rich functionality and flexible integration.
Marco Polo’s innovative Irrevocable Payment Commitment breaks new ground
Blockchain trade finance platform battle increasing with new trade instrument
DBS achieves fully digital trade financing settlement on Singapore’s networked trade platform
The first transaction of its kind on the platform involved Audi Singapore and Premium Automobiles.
Global trade finance associations join forces
The merger with ATFA boosts ITFA's presence in the Americas.
Voltron transforms into Contour
Contour launches following the success of the bank-backed project to digitise trade finance.
Brexit: What steps should corporates be considering?
Tim Maloney, partner at law firm Dorsey & Whitney, gives succinct advice
MUFG executes first transaction on KomGo’s blockchain-based trade finance platform
The aim of the komgo platform is to digitise the commodity trade finance sector for commodity traders and other corporates.