A road map for digitising source-to-pay but invoices difficult to automate fully
by Kylene Casanova
McKinsey report shows the potential is for huge improvements across the entire process maximising the use of the latest technologies and thinking
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 moreCiti India launch new digital cross-border payment solution with no physical docs
by Kylene Casanova
Removes need for multiple underlying physical documents as paperless trade comes to India
The digital opportunity in the supply chain
by Kylene Casanova
In an interview with McKinsey's David Schwartz, the two digital experts outlined some of the things executives should be doing and thinking differently when it comes to digital innovation
IBM launches first blockchain service for companies
by Kylene Casanova
IBM has launched IBM Blockchain, opening the doors to more financial services for corporates as well as consumers
As financial services embrace DLT, what are the risks and weakest links?
by Kylene Casanova
While distributed ledger technology promises a securer and more transparent way to pay and transact, any system is only as strong as its weakest link. So what are the risks of DLT networks?
Five fintech trends that will shake payments & cash management in 2017
by Kylene Casanova
What are the hottest fintech trends for 2017 and – more importantly for corporate treasurers and CFOs – how will these trends affect cash management and payments?
2017 VAT changes - are you affected?
by Kylene Casanova
Meridian’s report on the EC proposal for VAT exemptions for large transactions by firms
Amazon Go’s impact on payments, and on self-checkout at retail outlets
by Kylene Casanova
A development that could revolutionize much of retailing as we know it, including some kiosk industry segments. It may re-invent the entire retail category
Microsoft & BAML collaborate to transform trade finance with blockchain technology
by Kylene Casanova
Will use cloud based Azure blockchain as a service to transform trade finance transacting
LCs in minutes: blockchain is making treasury dreams come true
by Kylene Casanova
Letter of credit transactions conducted on a blockchain-based platform have become a reality, as research into trade finance uses for distributed ledger technology are intensifying.
Getting rid of paper on the rocky road to digitisation of trade and commerce
by Kylene Casanova
essDocs show how paperless trade is not a dream, it just requires persistence, innovation and flexibility
3 most exciting innovations using blockchain in trade finance
by Kylene Casanova
Trade finance is one of the areas of global finance that is going to be fundamentally altered by blockchain. These are three initiatives that everyone in keeping a close eye on.
Default on export invoices increased by 19% in Eastern Europe
by Kylene Casanova
Trade credit risk from foreign late payment on the rise in Eastern Europe, Atradius survey reveals
BofA Merrill enhances CashPro Trade portal’s document identification & retrieval
by Kylene Casanova
New data capture technology allows for metadata, such as invoice numbers and dollar amounts, in associated scanned trade documents to be recognized in searches, so facilitating transaction auditing and approval
Seven tips for a happier financial supply chain
by Kylene Casanova
The relationship between supplier and buyer is a delicate balance involving trust and transparency. What can suppliers do to ensure their goods and services are paid for on time?
Block chain distributed ledger technology is coming to trade finance and banking
by Kylene Casanova
Proof of concept from initiative from SCB, DBS and IDA to lower risks in trade finance, and as Nomura Research Institute announces it will develop a proof of concept for blockchain technology in banking
How to use e-docs in paperless trade and four key drivers for future development
by Kylene Casanova
Interview with Alex Goulandris, essDOCS’s CEO, on how e-docs really work, the features of effective BPO implementations, and the future of global trade automation and digitalisation
ANZ executes seamless BPO using STP & electronic Bill of Lading
by Kylene Casanova
50 corporate relationships and 20 banking groups live on BPO, as adoption of BPO grows steadily
GT Nexus supply chain use Deutsche Bank for new efficiencies in P2P service
by Kylene Casanova
Deutsche Bank provides GT Nexus platform with an innovative Payable on Behalf Of (POBO) structure for the P2P in their supply chain ecosystem removing need for Letters of Credit and BPOs
Bolero scores industry first with ePresentation into India
by Kylene Casanova
World’s first electronic presentation of documents into India which has been sent over the Bolero network, paves way for other major international banks and corporates
RMB strengthens position as second most used currency for documentary credits
by Kylene Casanova
Maintains position as fifth most used currency as value of payments decreased overall
RBS implements new corporate-to-bank SWIFT trade standard
by Kylene Casanova
New MT798 messages standard for trade transaction enables corporates to use one message type for exchanging trade information with all their banks
MasterCard & Basware launch solution to unlock cash flow for prompt B2B payments
by Kylene Casanova
Basware are also launching a range of Financing Services including discounting and factoring services. Non-banks are increasingly financing the supply chain
e-Bills of Lading usage grows as Cargill confirms use of Bolero
by Kylene Casanova
Electronification of global trade continues - slowly, one company at a time