PrimaDollar signings show the beginnings of export finance revolution
Eight banking groups in Bangladesh sign onto PrimaDollar platform as banks and exporters react to COVID-19 impact
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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Rio Tinto and Guangxi Shenglong Metallurgical complete transaction on Contour
With this transaction, Guangxi Shenglong Metallurgical has joined the blockchain network for trade finance as a new buyer.
Deutsche Bank provides US$43m structured trade finance facility to CNTIC
The facility will be used to finance an electricity generation project in rural Myanmar.
Advisory group launched to prime trade finance for COVID-19 recovery
The ICC's Advisory Group on Trade Finance aims to support the role of trade financing in a post-pandemic economic recovery.
Corporates in Europe and Americas identify Asia Pacific as priority market for international expansion
Standard Chartered research reveals expansion into new markets remain key for CFOs and treasurers, with Asia Pacific ranked top.
Global trade in services to increase by US$2 trillion over the next five years
A report by Western Union and Oxford Economics sees cross-border trade in services rising by 31% to US$8 trillion by 2025.
The US$1 trillion cost of remaking supply chains
A report from Bank of America Research finds the cost of reshoring supply chains to be significant but not prohibitive.
Contour partners with essDOCS on trade finance
The integration follows the successful Rio Tinto and Baosteel transaction.
Trade consortia continue momentum
Marco Polo sees first Turkish-German trade finance transaction, as Contour hires former HSBC blockchain exec.
CFOs optimistic on safety as lockdowns lift
As work sites slowly start to reopen, a PwC survey finds CFOs optimistic they can keep customers and employees safe.
ITFA’s digital trade initiative scores first success
The China Systems and Enigio integration digitises trade document flows.
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.
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.