Industry roundup: 30 November
by Graham Buck
Report predicts open banking market to grow 28% to US$15bn in 2021; New trade finance vision outlined by the ICC; Wise partners with Fruugo
Trade & FSC Management
Background
Trade finance helps to make international supply chains work smoothly and efficiently. Finance costs in the supply chain can be material. As a general principle, supply chains are most efficient when…
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Further work needed on supply chains, warns McKinsey
by Graham Buck
Companies have only partly addressed the weaknesses exposed by Covid-19, suggests the consultancy
US sees easing of supply chain problems
by Graham Buck
Reports highlight six recent more positive developments
Industry roundup: 18 November
by Graham Buck
Reserve Bank of Australia hedges bets on digital currency; Absa Bank partners with the IFC on trade finance ; SA payments fintech Ozow raises US$48m
Mastercard launches “Buy Now Pay Later” credit card for Apac SMEs
by Graham Buck
Mastercard says the Pay & Split card aims to help the region’s small businesses gear up for post-pandemic recovery
Industry roundup: 1 November
by Jack Large
AMEX business account; CDCS coverage and concerns grow; New tax rules; Commerzbank joins Tradeteq
Industry roundup: 7 October
by Graham Buck
News in brief featuring NatWest's AML lapse and BNY Mellon joins Marco Polo network
IKEA to shift more production to Turkey
by Graham Buck
IKEA will move more of its production to Turkey in response to supply chain strains
Top trade finance banks in Europe and Asia make a splash
by Ben Poole
Coalition Greenwich's 2021 Share and Quality Leaders research reveals which banks best supported large corporates during COVID-19.
APAC supply chain managers heavily investing in digitisation
by Ben Poole
An EIU report has found that Asia Pacific supply chains remain resilient, but COVID-19 has caused a broader rethink.
Driving digitisation in trade finance
by Ben Poole
A paper from SWIFT looks at how trade has been impacted by the pandemic and what is needed to successfully facilitate digitisation in this area.
Trade finance trends in a post-pandemic world
by Ben Poole
BofA's Baris Kalay discusses how areas such as working capital management and supply chain resilience have come to the fore this year.
Marco Polo aims to be big in Japan
by Ben Poole
SMBC has executed its first live transaction on the blockchain-based digital trade platform for a Japanese corporate.
The true impact of COVID-19 on supply chain due diligence
by Ben Poole
Refinitiv research shows only 44% of organisations conducted third-party due diligence checks during the COVID-19 pandemic.
Global B2B spending set to surge
by Ben Poole
An Amex survey finds 70% of businesses are optimistic for the year ahead, with many increasing spend on digital initiatives to drive growth.
South Korea’s big digital supply chain play
by Ben Poole
The Export-Import Bank of Korea has signed a US$30m credit facility with Deutsche Bank.
Report: export credit financing dropped globally in 2020
by Ben Poole
EXIM's 2020 competitiveness report shows the impact of COVID-19 on export credit activity across the world.
Over US$500bn of working capital tied up in supply chains
by Ben Poole
The J.P. Morgan Working Capital Index 2021 explores the impact of the pandemic on treasury working capital management.
Santander boosts support for Spain-UK corridor businesses
by Ben Poole
The bank's agreement with the UK Department for International Trade aims to support trade between the two European countries.
Standard Chartered launches sustainable supply chain benchmarking tool
by Ben Poole
The online tool allows companies to compare their performance with peers on key sustainability and resilience indicators.
Contour launches domestic LC for Bangladesh businesses
by Ben Poole
The platform aims to onboard over 50 corporates, supported by Bangladeshi and international banks, in next six months.
Two live transactions boost Marco Polo’s digital trade finance network
by Ben Poole
Commerzbank successfully executed the transactions to secure payments for commercial transactions based on blockchain technology.
Procurement’s increasingly strategic role
by Ben Poole
In a Deloitte survey, chief procurement officers identified 'driving operational efficiency' as their top priority.
Tesco to offer sustainability-linked supply chain finance
by Ben Poole
From Tesco's green supplier offering, to new social loan principles, via StanChart's ESG-linked derivative and more, ESG in finance keeps pushing on.