Contour partners with essDOCS on trade finance
The integration follows the successful Rio Tinto and Baosteel transaction.
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…
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Trade consortia continue momentum
Marco Polo sees first Turkish-German trade finance transaction, as Contour hires former HSBC blockchain exec.
‘A guide to trade finance’ and why documentary credits are still around
Deutsche Bank’s Clarissa Dann and Dave Meynell from TradeLC Advisory review their ‘A guide to trade finance’ and why doc credits are still around
Trade credit crunch approaching for UK businesses
40% of companies in the UK are currently facing over £10,000 in unpaid B2B invoices.
More traction for trade digitisation
On the vendor side, both Bolero and China Systems have highlighted the increasing digitisation that is flourishing in the trade space.
CTMcast - 21 May 2020: Business models, increased automation, FX risk, global trade, & climate change
Jack, Ben and Nick Franck review CTMfile’s posts over two last weeks
Can the pandemic be a catalyst for global trade digitisation?
Temporary concessions to digital trade instruments during the pandemic offer a tantalising glimpse at what could be.
Finding solutions to supply chain stresses
With pandemic pressure ramping up on global supply chains, large corporates and smaller suppliers are looking for answers.
Deutsche Bank goes back to basics with new Guide to Trade Finance
Deutsche Bank has released its Guide to Trade Finance, outlining the fundamental practices and rules critical to the trade finance
Digital trade finance hits new milestones
Baosteel and Rio Tinto complete first deal on Contour, while Traydstream integrates with Finacle TradeConnect.
Instant payments to free up liquidity in Denmark
The country's Export Credit Agency and Tradeshift have partnered to unlock liquidity in the supply chain.
Digital banking channels embraced by corporates
Digital channels, whether for account opening, trade financing or supplier onboarding, are increasingly essential.
It’s quantum, baby! Trade finance technology leaps ahead
Partnerships between Taulia and J.P. Morgan, and Singapore Management University and Tradeteq, show how the space is pushing forward.
CTMcast - 23 April 2020: How corporate treasury is going back to basics
Jack and Ben review last two week’s posts and discussions
ICC looks to digital to ease trade finance market disruptions
Guidance calls on governments and central banks to immediately void the legal requirement for paper-based documentation.
83% of UK, US and Chinese firms considering alternative trade finance providers
Firms are looking for providers that can arrange access to faster and more agile funding to help navigate the effects of COVID-19.
Industry roundup: 20 April
News in brief featuring Abu Dhabi Islamic Bank, Taulia, Nice Actimize, and Funding Circle.
Contour partners with Chinsay to enhance trade finance offering
The two worked together on a fully integrated paperless trade between Cargill and Rio Tinto.
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.