Bank of America joins the Marco Polo Network
by Ben Poole
The move should further increase the reach of the distributed trade finance platform.
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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… Read more about Trade & FSC Management
DBS launches multi-tier financing facility on blockchain for Chinese SMEs
by Ben Poole
The facility will allow the bank to provide digital trade financing to more than 1,000 suppliers within 24 hours.
Citi launches transaction banking fintech challenge
by Ben Poole
The bank is looking for fresh ideas to transform the way it works and drives client value.
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.
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.
Banks identify digital customer experience as a top technology priority
by Ben Poole
The research paper from Virtusa and Finextra reveals the attitude of banks towards a variety of new technologies.
Levi Strauss announces global water action strategy for its supply chain
by Ben Poole
The strategy includes water targets for global suppliers and aims to significantly reduce overall water use.
Standard Chartered completes cross-border LC blockchain transaction with PTT Group
by Ben Poole
The transaction is the first cross-border letter of credit issued over the Voltron blockchain platform in the oil industry.
Europe move on deforestation may impact on supply chains
by Graham Buck
The European Commission has signalled action to protect and restore the world’s forests, which are home to 80% of biodiversity on land
Apple supplier IQE explores new Asian supply chains
by Graham Buck
The chipmaker says that its supply chains worldwide have been reviewed in response to escalating US-China trade tensions
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
KPMG partners on blockchain for telecom settlements
by Graham Buck
The Big Four accounting firm is pooling resources with a trio of tech giants, TOMIA, Microsoft and R3, on the initiative
Corporates respond to prospect of lengthy trade war
by Graham Buck
With a prolonged, even deepening US-China trade dispute likely, companies are looking to banks for trade and financing solutions
Market volatility widens FX losses for North American companies
by Graham Buck
Four consecutive quarters of increasing losses saw the figure climb to US$23.4bn in the first three months of 2019, reports Kyriba
China’s Tencent moves further into supply chain finance
by Graham Buck
The internet-based tech and investment giant promises to lower costs for suppliers after completing its first transaction last month
Nestle trials public blockchain for dairy supply chain
by Graham Buck
The Swiss group, which has already experimented with the technology, is aiming for even greater transparency
Banks to gain access to Demica trade finance platform
by Graham Buck
The trade and receivables finance specialist’s solutions were previously only available through the company’s internal systems
ICAP opens doors to digital asset trading
by Graham Buck
The world’s largest interdealer broker’s launch of its Digital Asset Markets business paves the way for bitcoin trading
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
London-Shanghai Stock Connect is launched
by Graham Buck
The reciprocal arrangement between the two cities’ stock exchanges was first announced in 2015 and is six months late