Latest Trade finance News: Finextra Research

IBM and Maersk advance blockchain project for global trade

IBM and transport and logistics outfit Maersk have unveiled 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.

06 March 2017

News/Trade finance

ING and SocGen make blockchain-based oil trade

ING and Societe Generale have teamed up with commodity trading house Mercuria to test the use of blockchain technology for a live oil trade.

22 February 2017

News/Trade finance

Singapore's MAS sets up data analytics group

The Monetary Authority of Singapore (MAS) continues its relentless march towards the digital future through the creation of a data analytics group.

14 February 2017

News/Trade finance

IBM and Dubai Government initiate blockchain logistics initiative

IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider Dutech, to explore the use of blockchain technology for the import and re-export process of goods in and out of Dubai.

07 February 2017

News/Trade finance

P2P lender gets £40m boost from UK government

UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.

05 January 2017

News/Trade finance

Mastercard releases blockchain APIs

Not to be outdone by rival Visa, Mastercard is stepping up its interest in distributed ledger technology, quietly adding three blockchain APIs to its developer site

31 October 2016

News/Trade finance

CBA and Wells Fargo combine blockchain and IoT to revolutionise trade finance

Commonwealth Bank of Australia and Well Fargo are claiming a world-first interbank open account transaction using a blockchain and the Internet of Things for the shipment of goods across international borders.

24 October 2016

News/Trade finance

Emirates NBD and Icici demo blockchain application for trade finance

Emirates NBD and India's Icici Bank have successfully completed a pilot project to deploy a permissionable blockchain for international remittances and open account trade finance transactions.

12 October 2016

News/Trade finance

Microsoft takes it own blockchain medicine in trade finance deployment

Bank of America Merrill Lynch is collaborating with Microsoft on a project to implement blockchain technology for trade finance transactions.

27 September 2016

News/Trade finance

Barclays executes live Letter of Credit transaction using distributed ledger technology

Barclays Bank and accelerator graduate Wave have executed a live Letter of Credit transaction between Ornua - the Irish Dairy Board - and Sychelles Trading Company on a distributed ledger based system.

07 September 2016

News/Trade finance

Bank consortia look to distributed ledgers and smart contracts to rewire trade finance

Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore have claimed success in demonstrating the application of distributed ledgers to replace paper-based Letters of Credit in trade finance transactions.

10 August 2016

News/Trade finance

UK firm claims largest ever P2P loan

UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).

20 July 2016

News/Trade finance

IBM to open first 'Centre for Blockchain Innovation' in Singapore

IBM is to establish its first 'Centre for Blockchain Innovation' in Singapore, working in concert with the island city-state's Economic Development Board and Monetary Authority.

12 July 2016

News/Trade finance

BNP Paribas completes blockchain for transaction banking hackathon

BNP Paribas has confirmed its commitment to the distributed ledger movement in finance after completing its first 'Blockchain Bizhackathon' in the transaction banking arena.

02 February 2016

News/Trade finance

Survey shows commercial lenders under threat from non-bank players

Digitally enabled insurgents are placing bank-based lenders under increasing pressure and pose "a significant threat to every part of the commercial lending business" says a survey conducted by Misys.

26 August 2015

News/Trade finance

Swift Nordics Conference - Live Blog Day 2

The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.

05 March 2015

News/Trade finance

Swift Nordics Conference - Live Blog Day 1

The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.

04 March 2015

News/Trade finance

Finovate Europe 2015 - Day 2 Roundup

The second and final day of Finovate Europe saw 32 startups take the stage to try and impress a packed crowd of fintech VCs, journalists, bankers and experts. PFM, mobile payments and wealth management all made an appearance, often to a critical audience - while other firms attempted to push the boundaries of fintech, causing a huge buzz within Old Billingsgate and on social media.

11 February 2015

News/Trade finance

North American banks disillusioned with big data analytics - Aite survey

Despite the hype surrounding big data, three quarters of North American bankers are dissatisfied with analytics technology, according to research from Aite Group.

09 January 2015

News/Trade finance

RBS settles loan software copyright suit

The Royal Bank of Scotland has reached a settlement that lets it use critical trade finance software from vendor Complex Systems that a US judge had banned it from over copyright infringement.

21 August 2014