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.
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…
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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.
Severe lack of due diligence on business supply chains exposed
Refinitiv research shows 43% of third-party relationships are not subject to any form of due diligence checks.
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.
Industry roundup: 11 May
News in brief covering supply chain finance, digital payments, invoice payments and more.
Industry roundup: 7 May
News in brief featuring Contour, Finovate Capital, the AFP, and more.
Industry roundup: 4 May
News in brief covering a spike in corporate ransomware payments, the new EU-Mexico trade agreement, and more.
Industry roundup: 30 April
News in brief from BankiFi, Refinitiv, and Schneider.
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.
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.
Treasurers in the spotlight to manage COVID-19 business risks
Data gathered by Bloomberg and Greenwich Associates highlights how treasury is being asked to be a critical line of corporate defence.
Blockchain and AI unlocking trade efficiencies
Exponential technologies are slashing the time it takes to make trade transactions.
Trade set to plunge as COVID-19 upends global economy
Global trade is expected to fall by between 13-32% in 2020 as the COVID 19 pandemic disrupts normal economic activity.
UKEF expands protection against non-payment for UK exporters
UK Export Finance to offer export insurance in all major markets in response to COVID-19.
Contour partners with Chinsay to enhance trade finance offering
The two worked together on a fully integrated paperless trade between Cargill and Rio Tinto.
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.