Trade finance

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/Trade finance

Global container carriers CMA CGM and MSC join TradeLens

Major global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) today announced they are now integrated onto TradeLens, helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world.

/Trade finance

Envoy Group joins R3’s Venture Development programme

Envoy Group has joins R3’s Venture Development programme, the start-up growth and business development program of the enterprise software firm, R3, to support Envoy as it approaches the pilot phase of its trade finance platform.

/payments

Standard Chartered and DBS to set up blockchain-based Trade Finance Registry

Standard Chartered and DBS, with the support of 12 other banks, have kicked off a project that will use a blockchain network to register trade finance transactions.

/people

Traydstream names Adam Kasraoui as global sales and origination lead

Traydstream is pleased to announce the addition of Adam Kasraoui as a Global Sales & Origination Lead, which further expands its sales coverage of Middle Eastern banking clients as well as a new focus on the value that Traydstream brings to corporate clients.

/covid-19

Sibos 2020: World should have been prepared for the pandemic - Jamie Dimon

The world was not prepared for a global pandemic like Covid-19 but it should have been, according to Jamie Dimon, CEO of JPMorgan.

/Trade finance

SIA debuts digital trade finance platform

SIA, a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, launches a new platform that allows banks to fully digitize trade finance processes, making it easier and faster for corporates and SMEs operating in markets around the world to manage documentary credit dossiers.

/payments

2010 revisited: Looking beyond the traditional negotiated financial crisis

As Sibos 2020 approaches, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

/cloud

What will drive capital markets firms to migrate to cloud in 2020 and beyond?

Legacy infrastructure cannot keep pace with the continuous automation, changing regulatory demands, dynamic market conditions and growing customer expectations in the financial services industry today, particularly in capital markets. Firms have started to realise the opportunities that come with cloud, redesigning operating models and implementing cost-saving measures to increase efficiency.

/wholesale

StanChar completes first transaction on Trusple platform

Standard Chartered announced the successful completion of the first cross border live transaction on Trusple, the newly launched digital international trade and financial service platform of AntChain (the blockchain-based technology solution of Ant Group).

/wholesale

DBS teams up with AntChain for trade finance platform

DBS Bank today announced that it is the first Asian bank partner on AntChain’s newly-launched blockchain trade platform, Trusple, which aims to democratise access to digital trade services to corporates of all sizes.

/startups

Marco Financial raises $26m

Marco Financial—the first tech-enabled financing platform built for small and medium-sized Latin American exporters—today announced it has secured $26M in funding and credit that will enable the company to address the $1.5T global trade finance gap that disproportionately impacts small-and medium-sized (SME) businesses.

/payments

Neo launches multi-currency bank account for SMEs

Neo, the treasury management, payments and FX fintech, is launching a new international multi-currency account service for small and medium-sized enterprises (SMEs).

/wholesale

Sberbank joins Komgo blockchain platform for commodity trade finance Sep 15, 2020 Sberbank is the f

Sberbank is the first Russian bank that joined a commodity trade finance blockchain platform, with Sberbank (Switzerland) AG, Sberbank’s Zürich-based subsidiary, signing an agreement with Komgo.

/Trade finance

ICC launches high-level advisory group to prime trade finance for Covid-19 recovery

The International Chamber of Commerce, the institutional representative of 45 million businesses worldwide, has announced the creation of a new Advisory Group on Trade Finance (ATF) – a cross-sectoral coalition of leaders in global trade.

/sustainable

UN Secretary-General: Digital finance is the optimal channel to deliver long-term financing of SDGs

The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).

/wholesale

Moroccan CIH Bank automates corporate banking services with Finastra

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch. The solutions reduce manual processes, helping the bank to become more efficient and agile, grow its customer base by providing a more seamless digital customer experience and ultimately, generate new revenue streams.

/wholesale

Envoy Group appoints new advisors

Envoy Group has appointed three new advisors to its team as it approaches the pilot phase of its trade finance platform and the launch of the NVOY token. Each advisor comes from the world of commercial banking or a Fortune 100 company, bringing valuable experience and energy with them.

/regulation

BIS Innovation Hub and HKMA invite applications for global trade tech challenge

The Bank for International Settlements Innovation Hub (BISIH) centre in Hong Kong SAR and the Hong Kong Monetary Authority (HKMA) today launched the TechChallenge - Digitising Trade Finance initiative to highlight the potential for new technologies to enhance trade finance mechanisms.

/wholesale

DBS partners Infor to integrate digital trade financing into global supply chains

Infor, a global leader in business cloud software specialized by industry, has announced that it is partnering with DBS Bank, Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses.

/people

Quotevine names new COO

Quotevine, the SaaS (software as a service) provider for automotive, asset and consumer finance companies, today announced that Tom Jones has joined as Chief Operating Officer, reporting to CEO Daniel Layne.