Trade finance

432 articles tagged with this keyword

/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.

/regulation

Pelican hires Byron McKinney as trade finance compliance product manager

Pelican, a global provider of AI-powered payments and financial crime compliance systems for banks and corporates, has strengthened its compliance management team with the appointment of Byron McKinney as Trade Finance Compliance Product Manager, based in Pelican’s London headquarters.

/Trade finance

Yes Bank digitises trade finance documentation

YES BANK, India’s 4th largest private sector bank announced that it has completed a first-of-its-kind digital transaction with Welspun Global Brands Limited (WGBL) – a subsidiary of Welspun India Limited, in the form of e-Presentation, involving end-to-end electronic presentation of export documents.

/Trade finance

OrganiMark partners Sweetbridge blockchain platform for trade financing

OrganiMark, the leading value chain engineering and category management company, today announces it will work with Sweetbridge to deliver trade financing for Sustainable Cotton in a best practice platform for integrated value chain management.

/startups

Traydstream raises $3.5m

Award-winning trade finance fintech, Traydstream, today signalled a full scaling up of its commercial activities, having concluded a US$3.5 million pre Series-A round of financing, co-led by a group of ultra high net-worth individuals (UHNI) and Gauss Ventures.

/Trade finance

Hang Seng completes pilot trade transaction on new blockchain platorm

Hang Seng Bank has completed a pilot trade transaction for two corporate customers through eTradeConnect, a trade finance blockchain platform in Hong Kong.

/Trade finance

Billpay founder launches digital trade finance platform Modifi

European fintech Modifi is looking to encourage international development through trade finance with the launch of its innovative new product this month.

/Trade finance

HSBC and ING carry out blockchain trade finance transaction

HSBC India and ING Bank Brussels have successfully executed a blockchain enabled, live trade finance transaction jointly with Reliance Industries and Tricon Energy.

/Trade finance

CGI partners with Scotiabank on intelligent process automation proof of concept for trade finance

CGI (TSX: GIB.A) (NYSE: GIB) announced it partnered with Scotiabank and Conpend on a proof of concept using robotic automation to capture, identify and classify documents as part of the CGI Trade360 transaction flow.

/Trade finance

iGTB forges trade finance partnership with Bolero

Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena Ltd, the leading B2B fintech with 21% CAGR over three years, has entered into a collaboration agreement with Bolero International, the world’s premier trade digitisation experts, with goals to make trade safer, smarter and faster.