Trade finance

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/wholesale

Contour partners with Chinsay following a successful transaction with Cargill and Rio Tinto

Contour, the open trade finance network, has today announced its partnership with Chinsay, the leading technology company in supply chain data capture and risk management, as an order partner to enhance its offering to trade finance professionals.

/covid-19

TreasuryXpress offers Covid-disrupted clients free kit

TreasuryXpress, the pioneer and global leader in on-demand treasury management software today announced that they have launched a Treasury Technology Relief Program which will offer free subscriptions during this crisis to a new self-service treasury management tool they have developed.

/Trade finance

International Chamber of Commerce pushes Digital trade Standards Initiative

The International Chamber of Commerce (ICC) has launched the Digital Trade Standards Initiative (DSI) – a collaborative cross-industry effort to enable the standardisation of digital trade.

/Trade finance

OCBC runs first transaction on Singapore Customs’ electronic Banker’s Guarantee programme

OCBC Bank became the first bank to leverage Singapore Customs’ electronic Banker’s Guarantee programme which was launched today, issuing an electronic banker’s guarantee (eBG) to Singapore Customs on behalf of vCargo Cloud, a leading Infocomm Technology solution and service provider that performs customs declaration services for forwarders and shippers.

/Trade finance

ING selects Tradeteq to distribute commodity trade finance exposure to non-bank investors

ING Group (“ING”), the global financial institution with a strong European base, has partnered with Tradeteq to distribute its commodity trade finance exposures to non-bank institutional investors.

/Trade finance

MUFG executes first transaction on blockchain network Komgo

MUFG Bank has successfully executed its first live digital transaction on komgo, a blockchain based commodity trade finance platform led by KomGo SA.

/Trade finance

Tradeteq joins IBM's quantum computing network

Tradeteq has joined the IBM Q Network – a group of companies, academic institutions, start-ups and national research labs working with IBM to advance quantum computing.

/Trade finance

CaixaBank implements we.trade blockchain platform

CaixaBank has added the digital trade platform we.trade to its service catalogue for companies.

/Trade finance

Finastra wins trade finance mandate from Askari Bank

Last week at Finastra Universe Dubai, Finastra announced that Askari Bank, a leading commercial bank in Pakistan, has chosen its market leading trade finance solution, Fusion Trade Innovation, to digitalize its trade finance business.

/Trade finance

Commonwealth Trade Bank chooses Intellect Digital Core

Intellect Design Arena, a specialist in applying true Digital Technologies across Banking and Insurance, announces a prestigious engagement with The Commonwealth Trade Bank, an established UK regulated wholesale bank, focused on supporting the financial needs of clients operating in the international trade arena.

/ai

Tradeteq forms AI partnership with Wroclaw University

Tradeteq, the electronic trading platform for institutional trade finance investors, has partnered with leading research academics at Wroclaw University of Science and Technology (WUST) to explore and develop new models for data analysis using artificial intelligence (AI).

/Trade finance

Lloyds Bank partners with blockchain trade finance platform

Lloyds Bank Commercial Banking is to become the first UK bank to partner with komgo to enable quicker international commodity trade finance using distributed ledger technology (DLT).

/Trade finance

Daimler and Dürr execute transaction via Marco Polo Network

The international trade finance network Marco Polo has demonstrated its capability for practical use with another pilot transaction between two top industrial corporates.

/payments

Anglo-Gulf Trade Bank chooses TAS Group to manage corporate payments

TAS S.p.A. ("TAS") has announced that its agreement with Anglo-Gulf Trade Bank (“AGTB”), a digital corporate trade bank for international clients based in Abu Dhabi, is now operational. The contract is being managed through its subsidiary TAS Helvetia S.A.

/Sibos

CTBC Bank and Evergreen Line adopt Bolero for trade digitisation

CTBC Bank, the leading Taiwanese financial institution, and Evergreen Line, the leading brand in global container shipping headquartered in Taiwan, have entered into a landmark partnership with Bolero International, the trade finance digitisation expert, providing export clients with the multiple benefits and dramatically reduced transaction times of electronic bills of lading (eBLs) executed on the advanced Bolero electronic trade digitisation platform.

/payments

Emirates NBD launches supply chain and trade finance portal, smartTRADE

Emirates NBD, one of the leading banks in the region, has launched smartTRADE, a new portal catering to supply chain and trade finance customers, as part of the bank’s smartBUSINESS channel.

/Sibos

BNY Mellon expands trade finance services with KeyBank

BNY Mellon today announced a significant expansion of its existing trade finance processing services relationship with KeyBank by implementing an enhanced and updated model that will offer a more robust client experience for KeyBank’s trade finance clients, while aiming to increase the efficiency of service delivery.

/Trade finance

Surecomp appoints Eyal Hareuveny as new CEO

Surecomp, the global trade finance fintech leader, made several top-level management organisational announcements today.

/wholesale

Surecomp appoints Eyal Hareuveny CEO

Surecomp, the global trade finance fintech leader, made several top-level management organizational announcements today.

/security

Tradeshift implements Qedit privacy platform

QEDIT, a Privacy-Enhancing Technology provider based on zero-knowledge proof cryptography, has announced a partnership with Tradeshift, the leader in supply chain payments and marketplaces.

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