224 articles tagged with this keyword
News/Trade finance
Marco Polo, a blockchain-based platform for open-account trade finance created by TradeIX and R3 in collaboration with leading global banks, is to move into a live pilot phase following a successful six month proof of concept.
21 February 2018
Tryb, an Asian firm looking to buy and develop local fintech startups in order to create a "financial infrastructure platform for Asean", has raised US$30 million from the Makara Innovation Fund.
25 January 2018
Having successfully tested the use of blockchain technology in oil trading last year, ABN Amro, ING and SocGen have completed a first agricultural commodity trade using their Easy Trading Connect prototype.
22 January 2018
IBM and transport and logistics outfit AP Moller-Maersk are setting up a joint venture that will build a blockchain-based cross-border supply chain programme to manage and track the paper trail of tens of millions of shipping containers across the world.
16 January 2018
BBVA has applied blockchain technology from Wave to reduce the time taken to submit, verify and authorise an international trade transaction from seven to ten days, to just 2.5 hours
27 November 2017
Blockchain consortium R3 and 22 of its member banks have collaborated on the development of a cross-border payments platform built using distributed ledger technology (DLT).
31 October 2017
Hong Kong and Singapore have dumped decades-old rivalry for trade flows in South East Asia and signed a fintech co-operation deal to foster the development of innovative financial technology across the region, beginning with a cross-border linkage of DLT-based trade finance platforms.
25 October 2017
Mastercard is to open up access to its inhouse blockchain technology platform via an API which will be made available to developers at banks and retailers.
20 October 2017
Eight of Europe's largest banks have agreed to set up a joint venture company incorporated in Ireland to manage the roll out of Digital Trade Chain, a shared platform that aims at making domestic and cross-border commerce easier for European companies by harnessing the power of distributed ledger technology.
17 October 2017
IBM is collaborating with five international banks on the creation of a global trade finance platform based on blockchain technology.
04 October 2017
Blockchain consortium R3 is collaborating with 12 banks and technology vendor TradeIX on an open-account trade finance project for corporate buyers and sellers around the world.
26 September 2017
Finextra is partnering with leading banks and vendors to run a series of roundtable events covering corporate banking, trade and supply chain finance and winning strategies for fintech collaboration at the annual Sibos conference in Toronto in October.
22 September 2017
HSBC is applying optical character recognition and cognitive technology from IBM to automate the processing of paper documents in trade finance transactions.
10 August 2017
Mizuho has completed a trade finance transaction between Australia and Japan, digitising all necessary documentation and sharing the data with multiple participants across a distributed ledger.
07 July 2017
Commerzbank is to work with the Fraunhofer-Institute for Material Flow and Logistics (IML) in Dortmund to test and develop new scenarios for digitisation of trade and supply chain finance using distributed ledgers and the Internet of Things.
04 July 2017
US bank Citi has appointed Gulru Atak, an executive at its Turkey business, as head of its innovation lab in Dublin.
16 May 2017
HSBC has begun the global roll out of a virtual platform for businesses to complete trade finance, receivables finance and business loan applications whether they’re in their office, at home or on the road.
11 May 2017
Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM.
26 April 2017
Qatar-based Commercial Bank has carried out a pilot using blockchain technology to complete international fund transfers with partner banks and now plans to extend its testing to trade finance.
12 April 2017
Commodities trading house Trafigura and French bank Natixis are working with IBM to test the use of blockchain technology for settling US crude oil transactions.
28 March 2017
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