Trade finance

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/sustainable

Fasset launches OS for ethical blockchain financing

Fasset, a UK-headquartered fintech company, has launched the world’s first comprehensive operating system dedicated to the ethical financing of sustainable infrastructure on the Ethereum blockchain.

/cloud

Finastra releases new app on cloud platform

Finastra today announced a new app available on its FusionFabric.cloud open development platform, Conpend TRADE AI.

/Trade finance

DBS to provide digital trade financing for Infor members

Infor, a global leader in business cloud software specialised by industry, today announced that it is partnering with DBS Bank, Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses.

/wholesale

Surecomp opens registration for hackathon

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the opening of its annual global hackathon event.

/wholesale

Contour and DBS support LoC transaction between Nanjing Iron & Steel and Rio Tinto on blockchain

Contour, together with member bank, DBS Bank, continue to push the digitalisation of trade finance with the completion of the network’s first fully digital end-to-end secured Letter of Credit (LC) between Nanjing Iron & Steel, Singapore Jinteng International and Hope Downs Marketing Company (an equal Joint Venture between Rio Tinto and Hancock Prospecting).

/wholesale

EssDOCS’ CargoDocs DocEx to be available within Finacle Trade Connect blockchain

essDOCS, the leading enabler of paperless trade, today announced a partnership with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), for driving automation in Trade finance processes though Distributed Ledger Technology (DLT).

/payments

Surecomp unveils trade finance-as-a-service

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its Trade Finance-as-a-Service (TFaaS) suite comprising back-office trade finance management and processing, front-office for banks’ corporate clients, open API connectivity and full access to its Marketplace.

/wholesale

Contour partners essDOCS

Contour, the Singapore-based open trade finance network, today announced its partnership with essDOCS, the leading enabler of paperless trade.

/wholesale

Surecomp releases Fastrade for SMEs

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new front-office solution Fastrade, designed specifically for small-to-medium sized enterprises (SMEs).

/devops

Surecomp launches Fintech marketplace

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new fintech Marketplace.

/wholesale

IntellectEU to act as communications layer for Contour blockchain network

Contour, the Singapore-based open trade finance network, has today announced its partnership with IntellectEU as part of a shared vision to digitise trade finance on a global scale.

/wholesale

Cargill Australia uses Bolero Galileo to speed up China canola oil transaction

Cargill Australia, a major provider of grain, oilseeds and other agricultural commodities, used the advanced functionality and speed of the new Bolero International Galileo trade finance platform to accelerate a canola oil shipment to China, meeting a tight deadline despite the current coronavirus difficulties.

/wholesale

China Systems creates Trade Digitalisation Services (TDS) unit

In response to current market needs and the rapidly evolving global trade landscape, China Systems, world-leading trade solutions vendor, has created a specialised Trade Digitalisation Services (TDS) Unit, which is composed of experts who have deep technical, project and business domain knowledge on International Trade operations.

/payments

Surecomp supports DNB with full Swift readiness ahead of new 2021 deadline

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that one of its flagship customers - Norway’s largest bank DNB - is ready to be switched on with SWIFT-compliant versions of both its front and back-end solutions, IMEX and allNETT.

/wholesale

Deutsche Bank goes back to basics with new Guide to Trade Finance

Deutsche Bank has today announced the release of its Guide to Trade Finance, outlining the fundamental practices and rules critical to the trade finance industry’s ongoing functioning and future development.

/wholesale

Baosteel and Rio Tinto complete first deal on Contour platform

Contour, the open trade finance network, has today announced the completion of a Baosteel and Rio Tinto deal, supported by Chinsay, DBS Bank, essDOCS and Standard Chartered Bank, marking the first fully integrated paperless trade for Rio Tinto with a Chinese counterpart.

/wholesale

Traydstream partners with Infosys Finacle to drive blockchain based trade finance automation

Traydstream, the fintech leader in trade document scrutiny using artificial intelligence (AI), today announced the signing of a joint partnership agreement with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY).

/payments

ICC Trade Register reflects on the impact of COVID-19 on global trade

The International Chamber of Commerce (ICC) has released its 2019 Trade Register Report, revealing COVID-19's potential to disrupt global trade, while also highlighting the low-risk nature of trade finance.

/wholesale

ADIB is the first Islamic Bank to use blockchain technology for trade distribution

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology.

/wholesale

Envoy partners TradeSun on AI document processing

Today, Envoy Group announces that it has teamed up with TradeSun to offer an automated document reviewing process which will significantly reduce the time taken to complete trade finance transactions.

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