Trade finance

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/Trade finance

Deutsche Bank launches paperless import payments in India

Deutsche Bank today announced that it has launched the first paperless import payment solution in India with its TradePay system.

/Trade finance

Nedbank goes live with China Systems for trade finance portal

Nedbank is one of South Africa’s major banking groups, offering the full range of wholesale and retail banking services through a growing footprint across Africa.

/Trade finance

R3 and Bolero to partner on a new electronic Bill of Lading (eBL) service

R3, the enterprise software firm, is to partner with Bolero, the premier world trade finance digitisation solution-provider, to develop a new eBL service that opens up seamless connectivity across multiple trade networks.

/Trade finance

Seylan Bank selects Finastra for trade finance and corporate banking

Seylan Bank, Sri Lanka’s sixth largest bank, has selected Finastra to help grow its trade and supply chain finance business using FusionBanking Trade Innovation.

/Trade finance

ABN Amro implements CBA trade finance front-end across global operations

Norwegian software vendor Commercial Banking Applications (CBA), today announced that ABN AMRO will be implementing the new IBAS Customer Front-End System for Trade Finance across its global operations as part of a project to offer additional functionality to customers, increase efficiency and reduce total cost of ownership.

/Trade finance

BOK International UAE signs for iMAL Islamic core system

Path Solutions, the market leading provider of Islamic financial software solutions and services, announced today that Bank of Khartoum Group signed a license to acquire the new ground-breaking version of iMAL Islamic core banking system for its newly established branch in the United Arab Emirates - BOK International UAE.

/Trade finance

Trade finance startup Traydstream names Citi veteran Sameer Sehgal CEO

London-based (Trade Finance) FinTech firm, Traydstream has appointed Citi Bank’s ex – Head of Trade for Europe, Middle-East & Africa (EMEA), Sameer Sehgal, as its Chief Executive Officer (CEO). He brings over 22 years’ expertise in Trade, having held several senior roles over the years.

/Trade finance

IBM signs blockchain shipping and supply chain deal with Pacific International Lines

Pacific International Lines (Pte) Ltd (“PIL”), PSA International Pte Ltd (“PSA”) and IBM Singapore Pte Ltd (“IBM”), signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations.

/Trade finance

BBVA joins Singapore-based trade finance platform

BBVA has recently joined the Singapore-based Capital and Credit Risk Manager (CCRM) platform as a full member bank.

/Trade finance

Eleven banks develop trade finance app on R3’s Corda DLT platform

Eleven banks have passed a major milestone in the digitisation of documentary trade finance.

/Trade finance

Commerzbank undertakes first live BPO transaction in Austria

Commerzbank has processed the first BPO transactions in Austria, covering the import of bus components from Germany and Italy.

/Trade finance

Deutsche Bank appoints Atul Jain as head of Apac trade finance

Deutsche Bank today announced the appointment of Atul Jain as Head of Trade Finance and Trade Finance Flow – Asia Pacific, effective immediately.

/Trade finance

Traydstream fills executive roles

FinTech innovator Traydstream has secured fresh talent to head its Technology, Product Development and Agent Relations pillars.

/Trade finance

Blockchain-based trade finance outfit TradeIX names Richard Tynan MD

TradeIX Limited, the first open and agnostic blockchain platform focusing on trade finance, appointed Richard Tynan as Managing Director.

/Trade finance

ICC Banking Commission to explore digital trad finance

In line with its 2020 Strategy, the ICC Banking Commission has launched a “Digitalisation of Trade Finance Working Group”.

/Trade finance

TradeIX launches blockchain platform for trade finance

TradeIX Limited, today unveiled its revolutionary TIX Platform, the first open platform that rewires trade finance powered by blockchain technology.

/Trade finance

Nigeria moves trade to the cloud with Misys and Interswitch

With calls for a diversification and deepening of the Nigerian trade sector to offer options for varied investor tastes and boosting of the economy, Thursday, June 1 2017 witnessed the launch of a Digital Cloud-hosted Trade Solution for the Nigerian Market called Misys Fusion Banking Trade Innovation Software.

/Trade finance

Deutsche Bank buys stake in receivables auction platform TrustBills

Deutsche Bank AG today announced the acquisition of a 12.5 percent share interest in the receivables auction platform TrustBills.

/Trade finance

Raiffeisen chooses iGTB to provide digital trade finance platform

iGTB, the Global Transaction Banking division of Intellect Design Arena Ltd, five Austrian Raiffeisen Regional Banks (Raiffeisenlandesbank Niederösterreich-Wien AG, Raiffeisen-Landesbank Steiermark AG, Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, Raiffeisen-Landesbank Tirol AG and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung) and Raiffeisen Bank International (RBI), Vienna, a leading banking group in Austria and Central and Eastern Europe, have agreed a contract to implement a comprehensive digital trade finance platform.

/Trade finance

Tungsten joins forces with supply chain finance provider Orbian

Tungsten Network has extended the reach of its financing offer by partnering with supply chain finance provider Orbian.

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