Trade finance

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/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.

/Trade finance

Bank of America joins Marco Polo network

Bank of America announces that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.

/Trade finance

European trade finance at dawn of digitisation

Companies and banks in the Nordics and the Netherlands could be leading the way toward a new and increasingly digital future for the European trade finance industry.

/Trade finance

Bolero partners with Traydstream on document validation checks

Bolero International is partnering with Traydstream, the leader in Trade document scrutiny using artificial intelligence (AI), to provide a powerful automatic document checking service for both its corporate and bank customers saving them time and resources as well as mitigating trade finance risks.

/Trade finance

Tradeteq’s credit scoring system goes live on Singapore’s National Trade Platform

Tradeteq, the technology provider for the global trade finance market, has launched its advanced, machine-learning driven credit scoring system for institutions using Singapore’s Networked Trade Platform (NTP).

/regulation

Abu Dhabi Global Market awards digital banking licence to Anglo-Gulf Trade Bank

Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, has received a full digital banking license and Category 1 status from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

/Trade finance

Traydstream expands into Africa with Stanbic Bank mandate

Stanbic Bank Uganda (SBU) and Traydstream Ltd have signed an agreement to implement the Traydstream platform at SBU.

/Trade finance

Nationwide turns to OutSystems for low-code platform

OutSystems, provider of the number one low-code application development platform, today announced that leading financial institution Nationwide is using the OutSystems low-code platform to develop a new digital business savings service that will radically transform how Nationwide interacts with its business savings customers.

/Trade finance

Mastercard joins Marco Polo network

The Marco Polo Network, a trade and working capital finance network, is welcoming Mastercard as its latest member.

/Trade finance

Surecomp selected by Vietnamese bank for trade finance

Surecomp®, the global trade finance fintech leader, announced today that Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has entered into an agreement to implement their DOKA-NG® and allNETT® solutions.

/Trade finance

B-North selects Mambu for core banking

B-North, the Manchester-based firm building an SME lending bank for the UK, has selected Mambu, the SaaS banking engine, to provide its core banking technology.

/Trade finance

SympliFi launches remittance alternative

SympliFi, a U.K.-based financial technology startup with current operations in Zimbabwe, Nigeria and Tanzania, today announced the launch of its innovative FinTech platform designed to empower diaspora around the world with easier access to financial solutions that go far beyond the traditional remittance/money transfer model

/Trade finance

MineHub and Amphora partner to streamline trading operation

MineHub, the innovative blockchain technology that is digitalizing the mining and metals supply chain, is pleased to announce a partnership with trading, risk management and CTRM provider Amphora, where they will work together in order to assist their customers in streamlining trading operations and risk management. The partnership will see MineHub's platform act as a connectivity layer between Amphora's existing clients.

/Trade finance

Marco Polo brings onboard first logisitics partner for pilot transaction

LBBW and Commerzbank have once again executed a trade transaction between Voith and KSB SE, via the Marco Polo trade finance network, built on R3’s distributed ledger technology (DLT) platform, Corda.

/wholesale

Maven injects £2 million into fintech Delio

Maven Capital Partners (“Maven”), one of the UK’s most active private equity houses, has invested £2 million in high-growth FinTech provider Delio Limited (“Delio”). The funding will support the business scale its international sales team across key global financial locations in Europe, Asia, the Middle East and North America.

/Trade finance

Sberbank puts Letter of Credit business online

Sberbank has implemented a feature on remote banking services on letters of credit in Sberbank Business Online’s system.

/Trade finance

Microsoft and Publicis Sapient build digital trade finance bank in six months

Publicis Sapient, the digital business transformation hub of Publicis Groupe, and Microsoft, has today announced their partnership supporting the launch of the world’s first end to end digital trade bank, Anglo-Gulf Trade Bank. The two businesses aided in the creation of the entirely new bank by providing it with implementation strategy, technology and client experience from the outset.

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