ICC looks to digital to ease trade finance market disruptions
by Ben Poole
Guidance calls on governments and central banks to immediately void the legal requirement for paper-based documentation.
Trade Transaction & Payment Services
Background
Getting paid for international transactions, commonly known as Export Receivables, is very different from collecting payments from local companies due the extra documents and processes involved. Key…
Read more
Industry roundup: 22 April 2020
by Ben Poole
News in brief from Basware, Barclays, The World Bank, and Nacha.
Industry roundup: 21 April 2020
by Ben Poole
News in brief featuring RBC, SmartStream, Mastercard and more.
83% of UK, US and Chinese firms considering alternative trade finance providers
by Ben Poole
Firms are looking for providers that can arrange access to faster and more agile funding to help navigate the effects of COVID-19.
Blockchain and AI unlocking trade efficiencies
by Ben Poole
Exponential technologies are slashing the time it takes to make trade transactions.
Trade set to plunge as COVID-19 upends global economy
by Ben Poole
Global trade is expected to fall by between 13-32% in 2020 as the COVID 19 pandemic disrupts normal economic activity.
UKEF expands protection against non-payment for UK exporters
by Ben Poole
UK Export Finance to offer export insurance in all major markets in response to COVID-19.
Singapore and Australia agree to enhance financial services data connectivity
by Ben Poole
The two countries have signed a suite of MoUs designed to help both capitalise on the digital economy.
New regulations in the US fuel the spread of transaction cost analysis
by Ben Poole
Greenwich Associates research shows just 10% of US asset managers have a TCA specialist, compared to 25% in Europe.
Standard Chartered joins TradeLens
by Ben Poole
The blockchain-enabled digital shipping platform has been jointly developed by A.P. Moller - Maersk and IBM.
Oil price war and coronavirus: global recession is almost inevitable
by Jack Large
Nigel Green, chief executive and founder of deVere Group ponders global future
Trade finance partnerships increase options for corporates
by Ben Poole
ITFA and TFD Initiative target secondary trade finance market, while Contour and TradeCloud expand digital LC offering.
OCBC Bank scores initial use of Singapore Customs’ electronic banker’s guarantee programme
by Ben Poole
The electronic banker's guarantee was issued by OCBC Bank on behalf of vCargo Cloud.
Marco Polo’s innovative Irrevocable Payment Commitment breaks new ground
by Jack Large
Blockchain trade finance platform battle increasing with new trade instrument
ICC joins Singapore Government to launch TradeTrust
by Ben Poole
The project is designed to accelerate the digitalisation of global trade and commerce.
CaixaBank turns to blockchain for corporate foreign trade transactions
by Ben Poole
The we.trade platform enables digital contracts to be activated and trading operations to be linked to financing or payment.
Where are we going with trade finance?
by Jack Large
Demica share their vision of the future of global trade finance solutions
GTC to launch trade finance platform
by Ben Poole
The platform aims to simplify the price discovery process between corporations and financial institutions.
Fineon Exchange and Aon partner on credit insurance for exports
by Ben Poole
Exporters and funders can access bespoke credit insurance to help facilitate cross-border trade finance.
Firms confident despite trade tensions, HSBC survey finds
by Ben Poole
Nearly half of companies are more optimistic than they were in 2018, despite uncertainty over US-China trade relations and Brexit.
Commerzbank, Deutsche Börse and MEAG advance DLT use in post-trade services
by Ben Poole
Settlement via securities and cash tokens and further use as collateral at a central counterparty, within a binding legal framework.
Swift gpi linking two worlds - trade and e-commerce ecosystems
by Jack Large
New gpi link service will provide fast, transparent and trackable off-ledger payment settlement in a fiat currency
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
Mastercard unveils vision to modernise the global B2B payments market
by Ben Poole
Mastercard Track Business Payment Service is first global open-loop commercial service to simplify payments between buyers and sellers.