Trade finance

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/Trade finance

Deutsche Bank appoints new transaction banking head for Southeast Asia

Deutsche Bank today announced the appointment of Burkhard Ziegenhorn as GTB Head of South-East Asia (ASEAN countries) effective June 1, 2019.

/Trade finance

RBI joins Marco Polo network

Raiffeisen Bank International announces today that it joins Marco Polo for evaluating and piloting the platform’s distributed ledger technology.

/Trade finance

BayernLB, Helaba and S-Servicepartner join Marco Polo DLT network

BayernLB, Helaba and S-Servicepartner have announced today that they’ve joined the Marco Polo Network for piloting and evaluating purposes. Marco Polo is the largest and fastest growing trade finance network in the world, powered by distributed ledger technology (DLT) and focusing on bringing significant efficiencies in financing trade.

/devops

Surecomp launches innovation lab

Surecomp, the global trade finance fintech leader, announced today the inauguration of SureLab, Surecomp’s newly established innovation lab.

/Trade finance

Trade finance gap widening - BNY Mellon

BNY Mellon today released its "Overcoming the Trade Finance Gap: Root Causes and Remedies" report, which finds that the trade finance gap remains a significant issue for global trade, according to 100 global, regional, and domestic banks, specialist trade providers and other market participants responding to its survey.

/Trade finance

Coriolis and Intix form trade finance data alliance

Coriolis Technologies, the world’s leading source of data and analytics as a service for trade professionals, has today announced a partnership with INTIX, to provide banks with unprecedented insight on global trade flows and finance data.

/Trade finance

FreightWaves selects Predata for AI-derived risk signals

Predata, the predictive analytics company for geopolitical risk, today announced its integration with FreightWaves’ SONAR, the freight industry’s only market data and analytics platform.

/Trade finance

Standard Bank working with ICC to build global best practice in Sustainable Trade Finance

As the International Chamber of Commerce’s (ICC) celebrates its centenary at the ICC Banking Commission Annual Meeting in Beijing from 8 – 11 April, an important milestone on the journey to achieve a globally accepted Sustainable Trade Finance framework will be reached.

/Trade finance

Bolero names Jacco de Jong as new head of global sales

Bolero International, the leading trade finance digitisation expert, has announced the appointment of Jacco De Jong as its new Head of Global Sales with immediate effect.

/Trade finance

Andrew Raymond appointed as new CEO of Bolero International

Bolero International announces that Andrew Raymond has been appointed as its new CEO.

/Trade finance

Standard Bank: Technology steadily deepening international trade as global power shifts East

Underscored by the United States’ trade war with China, the continued fragmentation and shift of global soft power from the developed West to Asia tends to dominate global headlines.

/payments

Tradeshift adds TransferMate app to ecosystem

Tradeshift, the leader in supply chain payments and marketplaces, today announced a new app integration from TransferMate Global Payments.

/Trade finance

CBA meets demanding Swift changeover schedule

Norwegian software vendor Commercial Banking Applications (CBA), today announced that the latest release of its IBAS GTF – Global Trade Finance Factory – went live at all CBA’s user banks in November 2018, in full compliance with SWIFT Release 2018.

/Trade finance

LC Lite launches to replace Letters of Credit with smart contracts

LC LITE is the first blockchain-based platform connecting trade parties directly via a digital solution for cross-border trade transactions requiring Letters of Credit.

/Trade finance

IBM reports successful blockchain-based trade shipment

Pacific International Lines (“PIL”) has used an electronic Bill of Lading (e-BL) built on the IBM (NYSE: IBM) Blockchain Platform in a successful real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations.

/Trade finance

Commerzbank: Bank Payment Obligation can act as a gateway for further trade finance technologies

In the face of slow market adoption for the Bank Payment Obligation (BPO), which serves as a legally binding undertaking to execute payment for goods or services, Commerzbank has launched a new whitepaper, “Leading the path of digital evolution”, which explores how to boost BPO adoption among banks and – crucially – their corporate customers.

/Trade finance

Icici Bank revamps Trade Online platform

ICICI Bank today announced that it has revamped its ‘Trade Online’ platform, for export/import transactions by introducing an array of new digital services on it, majority of which are unique in the industry.

/Trade finance

Traydstream secures Meezan Bank Mandate

London headquartered FinTech, Traydstream, has secured a 5 year deal with Pakistan head quartered, Meezan Bank to implement its digital solution for trade finance processing.

/Trade finance

NR Capital executes electronic Bill of Lading (eBL) for floating gasoil storage deal

NR Capital, the innovative Singapore-based digital commodity trade finance fund manager has executed the world’s first-ever electronic Bill of Lading (eBL) for an SME in a gasoil floating storage investment transaction.

/Trade finance

Bank of East Asia extends trade finance partnership with Finastra

The Bank of East Asia Limited (BEA) has extended its partnership with Finastra to enhance its end-to-end digital trade capabilities and customer services for its corporate and personal banking services.

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