American Express adds to supply chain solution for large US corporates
The firm's Early Pay solution now includes digital payment features designed to help businesses save time, money and maximise cash flow.
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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Prominent corporates score innovative bank support
Both Unilever and BASF have broken ground on services from banking partners that will support their treasury operations.
BBVA launches supply chain finance solution in its main markets
The tool is designed to help corporates to centralise their payments management.
R3 makes inroads in digital trade
The enterprise blockchain operator has acquired an electronic Bill of Lading solution and partnered on a payments and financing supply chain network.
Closing the trade finance gap is essential for global trade
by Nils Behling, Co-Founder and CFO , Tradeteq
Lack of easily available and effective trade finance distribution is a major hidden problem in global trade
Can large corporates survive localisation?
A report from Deutsche Bank explores how the deglobalisation movement might impact the worldwide supply chains of big companies.
Digital trade finance tools continue to multiply
Oracle and Mitigram are the latest vendors to offer solutions aimed at optimising the corporate supply chain.
Ant Group enters the blockchain-based global trade platform arena
The Chinese tech company has launched Trusple, partnering with a number of global banks.
Protectionism could cost the global economy US$10 trillion in trade by 2025
A BCG/HSBC report shows high tariffs and trade restrictions could slow economic recovery from the COVID-19 crisis.
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
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.