UK supplier relationships more mutually beneficial than five years ago
by Ben Poole
Seven in ten corporates are looking for longer-term supplier relationships than half a decade ago.
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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Standard Chartered Trade20 index reveals the rising stars of global trade
by Ben Poole
Côte d’Ivoire, Kenya and Ireland join India and China in the top five of 20 markets with the greatest potential for future trade growth
Trade Information Network officially established
by Ben Poole
The platform build is complete and the network is ready to pilot with banks and corporates.
Daimler and Dürr execute a commercial trade transaction with LBBW via Corda
by Ben Poole
The underlying transaction between the two involved the order and delivery agreement for a balancing system from a Dürr subsidiary.
Lloyds Bank joins komgo to speed up international commodities trade finance
by Ben Poole
The bank says the partnership will shorten the time it takes corporate clients to trade internationally.
Emirates NBD launches smartTRADE portal for trade finance
by Ben Poole
New portal offers enhanced and quicker services for transaction banking clients.
Bank of America joins the Marco Polo Network
by Ben Poole
The move should further increase the reach of the distributed trade finance platform.
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