What’s the future of correspondent banking?
by Kylene Casanova
This article on gtnews.com really spells out the argument that the age of correspondent banking is coming to an end
Trade Finance
Background
Trade finance helps to make international supply chains work smoothly and efficiently. Finance costs in the supply chain can be material. As a general principle, supply chains are most efficient when…
Read more2016 Review - July
by Kylene Casanova
KYC services expand to include due diligence across all regulations and regions; BEPS; Capital in the supply chain; Brexit; Understanding and minimising the impact on suppliers of extended payment terms
General slowdown of the Chinese and world economies shown as RMB slips to #3
by Kylene Casanova
SWIFT RMB Tracker shows the euro is now second-most-active currency for trade finance, as values in RMB trade have decreased by 66%and across all currenciesby 35% since October 2013
The impact of Trumponomics
by Kylene Casanova
Much is being written and said about how a Trump presidency will affect the US and global economy. Here is a little overview of recent views being aired in the financial media.
How blockchain could help supply chain dispute resolution
by Kylene Casanova
Forbes reports on IBM's progress in harnessing distributed ledger technology (DLT) to enable companies to communicate safely and immediately to resolve trade disputes.
Inefficient technology and processes hindering global supply chain
by Kylene Casanova
Global companies are not deploying technology or the right processes to effectively manage their trade and supply chains, according to a survey of 1,700 trade professionals.
Microsoft & BAML collaborate to transform trade finance with blockchain technology
by Kylene Casanova
Will use cloud based Azure blockchain as a service to transform trade finance transacting
Misys and essDOCS’s unique partnership accelerates move to paperless trade
by Kylene Casanova
Electronic bills of lading and warehouse warrants to be automated in end-to-end financial supply chain management, cutting costs and boosting efficiency
How blockchain will be used in financial services
by Kylene Casanova
Research by Finextra and Epam looks at some of the current projects using blockchain to improve cross-border transfers, trade transactions as well as data and customer identity management.
What do treasurers need to know about smart contracts?
by Kylene Casanova
Smart contracts are creeping into the news and into financial jargon. Make sure you're up-to-speed on their applications and features.
LCs in minutes: blockchain is making treasury dreams come true
by Kylene Casanova
Letter of credit transactions conducted on a blockchain-based platform have become a reality, as research into trade finance uses for distributed ledger technology are intensifying.
3 most exciting innovations using blockchain in trade finance
by Kylene Casanova
Trade finance is one of the areas of global finance that is going to be fundamentally altered by blockchain. These are three initiatives that everyone in keeping a close eye on.
Banks join forces on ledger to beat trade finance fraud
by Kylene Casanova
Standard Chartered and DBS Group Holdings have announced their collaboration on developing a trade finance invoicing system based on distributed-ledger technology.
Top supply chain leaders of 2016 named
by Kylene Casanova
An annual ranking of the top 25 supply chain leaders puts Unilever in top place, based on considerations including a peer vote, CSR and revenue growth.
Are savings from p-cards/supply chain finance eliminated by higher supplier prices?
by Kylene Casanova
For the buyer, payment financing methods - purchase cards, reverse factoring, etc. - cut costs, WHILST imposing additional costs on the supplier. BUT ARE THESE SAVINGS CANCELLED OUT BY INCREASED SUPPLIER PRICES?
Default on export invoices increased by 19% in Eastern Europe
by Kylene Casanova
Trade credit risk from foreign late payment on the rise in Eastern Europe, Atradius survey reveals
5 ways treasury can support business in the digital economy
by Kylene Casanova
Research by McKinsey looks at the economic impact of the shift towards the globalisation of big data and what this means for multinational companies.
Lack of trade finance for SMEs is damaging global economy – WTO report
by Kylene Casanova
Ensuring that more trade finance provisions reach small and medium-sized enterprises is an essential component of boosting the global economy, according to a report from the WTO.
BofA Merrill enhances CashPro Trade portal’s document identification & retrieval
by Kylene Casanova
New data capture technology allows for metadata, such as invoice numbers and dollar amounts, in associated scanned trade documents to be recognized in searches, so facilitating transaction auditing and approval
Global supply chain finance market worth €46 billion, report
by Kylene Casanova
A report issued by BCR Publishing has estimated the value of the growing global supply chain finance market at up to €46 billion.
On the eighth day of Christmas my Supply Chain expert gave me tips on how to:
by Kylene Casanova
Improve the reliability of my supply chain by using financing to support all types of suppliers
Block chain distributed ledger technology is coming to trade finance and banking
by Kylene Casanova
Proof of concept from initiative from SCB, DBS and IDA to lower risks in trade finance, and as Nomura Research Institute announces it will develop a proof of concept for blockchain technology in banking
Global trade growth slumps in 2015 but upswing expected in 2016
by Kylene Casanova
A report from HSBC notes that a downturn in global trade in 2015 has subdued growth to levels not seen since 2009 but predicts a cyclical return to more robust growth in 2016.
Global exports to quadruple by 2050 with economic upturn on the way
by Kylene Casanova
Total goods exports will reach $68.5 trillion by 2050. This is nearly four times the value of global exports in 2015 and more than 150 times exports in 1950.