Trade finance

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State Bank of India in the US deploys Surecomp to support trade finance growth

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that the State Bank of India (California) (SBIC), has selected and gone live with its back-office trade finance processing automation solution DOKA-NG.

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Bolero to extend trade finance ecosystem to non-banking finance sector with Incomlend

Bolero International, the leading trade digitisation expert, announces a significant new joint project with global invoice marketplace Incomlend.

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Absa rolls out upgraded Surecomp software across ten African countries

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that South African bank Absa Group has gone live with the latest version of its back-office trade finance solution IMEX in 10 countries across the continent as part of their ongoing digitisation initiatives.

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Contour conducts Vietnamese transaction

Contour, the global trade finance network, has today announced a completed pilot transaction between Tainan Spinning and Century Synthetic Fiber Corporation.

/Trade finance

HSBC becomes first production member of Contour’s network

Contour, the global trade finance network has today announced that HSBC has become the first full production member of the network following Contour’s commercial launch in October this year.

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Tradeteq hops on Microsoft Azure

Tradeteq, the global hub for trade finance distribution, has today announced its collaboration with Microsoft.

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Standard Bank goes live on Traydstream platform

Standard Bank South Africa has become the first bank in the country to go live on the Traydstream platform. The move to Traydstream, which was completed on November 5, will create efficiencies in Standard Bank’s trade process and will continue to set it apart in the trade environment.

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Sberbank goes live with SaaS vendor Avaloq

Sberbank (Switzerland) AG has successfully gone live with Avaloq’s Software as a Service (SaaS) solution.

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SC Ventures launches trade finance startup

SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered, today announced the commercial launch of SOLV, a full-stack B2B marketplace for micro, small and medium enterprises (MSMEs) in India.

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Surecomp names Enno-Burghard Weitzel SVP, strategy and business development

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced the appointment of Enno-Burghard Weitzel as its Senior Vice-President of Strategy and Business Development to drive future growth and harness the accelerated demand for trade finance digitization.

/Trade finance

Emirates NBD unveils next-generation global corporate banking platform, ‘businessONLINE’

Emirates NBD, a leading bank in the Middle East, North Africa and Turkey (MENAT) region and a front-runner in digital banking solutions, has unveiled its next-generation global corporate banking platform, ‘businessONLINE’.

/Trade finance

Australian Border Force begins paperless blockchain trade trial with Singapore

The Australian Border Force (ABF) is developing solutions to make cross border trade simpler and paperless for Australian businesses, in line with the bilateral Australia-Singapore Digital Economy Agreement.

/Trade finance

Barclays announces new trade finance platform for corporate clients

Barclays Corporate Banking has today announced that it is working with CGI to implement the CGI Trade360 platform.

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Danske Bank taps Windward AI for sanctions compliance and maritime trade finance

Windward, the Predictive Intelligence company applying AI to transform global maritime trade, and Danske Bank, one of Denmark’s largest banks and one of the biggest financial institutions in Northern Europe, have entered into a partnership designed to digitalize and automate parts of Danske Bank’s financial crime compliance controls.

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UnionBank becomes the first bank from the Philippines to join BIAN

Union Bank of the Philippines (UnionBank) is now a member of global banking standard organization, Banking Industry Architecture Network (BIAN).

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Envoy adds Bolero's electronic bill of lading to tech stack

Envoy has partnered with leading trade digitalisation technology provider Bolero International to use Bolero’s electronic bill of lading (eBL) as-a-service in its highly-advanced digital trade platform built on R3’s Corda.

/Trade finance

DBS and DSTP join forces on digital trade

Supported by a series of measures taken by the government to resolutely follow the path of trade globalisation and to open its market to the world, the 3rd China International Import Expo held in 2020 in Shanghai attracted more than 400,000 exhibitors and buyers from home and abroad, despite the ongoing global pandemic.

/Trade finance

Windward joins Surecomp marketplace

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced the addition of another new fintech partner to its Marketplace platform.

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CBA moves Ibas platform to the cloud

Norwegian software vendor Commercial Banking Applications (CBA), today announced that its IBAS GBF - Global Banking Factory is now available to customers on a SaaS model in the cloud.

/regulation

BIS Innovation Hub and HKMA announce TechChallenge winners

The Bank for International Settlements Innovation Hub (BISIH) centre in Hong Kong SAR and the Hong Kong Monetary Authority (HKMA) today announced the winners of the TechChallenge - Digitising Trade Finance initiative.

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