ADCB launches real-time trade finance on dltledgers platform
by Ben Poole
The initial financing supported the physical trade of goods from Canada to Bangladesh.
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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 about Trade Finance
Tradeteq’s credit scoring system goes live on Singapore’s National Trade Platform
by Ben Poole
Digitised National Trade Platform expected to increase the ability of corporations to access financing to support their trade flows.
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.
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
Multi-technology fully digital cross-border trade is here
by Jack Large
Rio Tinto and Cargill pioneer industry’s first fully integrated paperless trade in the next step in the evolution of Voltron platform
Publicis Sapient and Microsoft partner with Anglo-Gulf Trade Bank
by Ben Poole
The two businesses will support the new digital trade bank based in the UAE.
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
Five more banks and financial institutions join Trade Finance Distribution initiative
by Jack Large
Shows growing demand for buying and selling trade finance assets
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
Moscow blockchain start-up launches supply chain finance platform
by Graham Buck
Russian fintech start-up Factorin has piloted the platform for six months and plans to move into the European Union
More shipping companies join IBM-Maersk blockchain consortium
by Graham Buck
The TradeLens initiative unveiled last August has recruited two new major names from the shipping industry to the platform.
Standard Chartered and IBM Launch Trade AI Engine
by Graham Buck
The solution, for converting non-digital shipping documents into machine-readable format, is live in Asia, Africa and the Middle East.
Voltron trade finance consortium gains 50+ members
by Graham Buck
Launched last October by R3 and eight founding member banks, the initiative has gained traction after successful trials.
CGI to develop HSBC’s trade finance technology platform
by Graham Buck
The bank will use the IT consultancy’s Trade360 global trade finance solution.
Citi harness AI for trade finance compliance
by Graham Buck
The group is working with EY and SAS to develop a risk analytics scoring engine based on artificial intelligence.
Partnership promises world’s first digital trade database
by Graham Buck
Coriolis Technologies and the Global Trade Professionals Alliance will focus initially on developing data for the Asia Pacific region.
Marco Polo blockchain trade adds new members
by Jack Large
BayernLB, Helaba and S-Servicepartner become new members as the global trade finance network expands
Massive trade finance funding gap ‘stunts economic growth’
by Graham Buck
The estimated $1.5 trillion deficit affects development, investment flows and financial inclusion, says BNY Mellon.
Standard Bank works with ICC on best practice for trade finance
by Graham Buck
The African bank says an “important milestone” in developing a sustainable trade finance framework has been reached.
Coriolis and INTIX pool resources on trade finance data
by Graham Buck
The two companies say their partnership will provide banks with deep insights on global trade flows and finance data.