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 & FSC Management
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…
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Tradeshift launches supply chain seller engagement platform
Tradeshift Engage is designed to accelerate full supply chain digitisation with seller-focused incentives.
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.
SAP and Goldman Sachs target global payments innovation on Ariba Network
The pair aim to make it simpler and less costly for buyers to pay foreign suppliers in local currencies.
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.
Standard Chartered joins TradeLens
The blockchain-enabled digital shipping platform has been jointly developed by A.P. Moller - Maersk and IBM.
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.
ICC launches Digital Trade Standards Initiative
The initiative aims to facilitate interoperability among the variety of new blockchain-based networks and trade platforms.
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.
The changing art of procurement negotiation
Data reigns supreme as new generation modernises the approach to supplier talks.
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.
Aussie Ombudsman eyes legislation to end late payments
The country's Supply Chain Finance Review has highlighted the flaws in the Supplier Payment Code.
Bolero launches trade digitisation platform
The Galileo platform includes an advanced user interface, rich functionality and flexible integration.
Tectonic shifts identified in global supply chains
A BofA Global Research report shows that supply chains for 'global' sectors with US$22 trillion in market cap are moving.
Standard Chartered partners with Infor on supply chain liquidity
The strategic agreement will introduce the Infor Nexus network to the bank’s clients to digitise the financial supply chain.
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.