Trade finance

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Swift publishes new API standard

/Trade finance

Swift publishes new API standard

Banking cooperative Swift has published a new API standard for the pre-authorisation of funds in its latest bid to bring more efficiency to open banking in Europe.

/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.

HSBC leads cross-border RMB-denominated blockchain letter of credit

/Trade finance

HSBC leads cross-border RMB-denominated blockchain letter of credit

HSBC has completed the world's first cross-border Renminbi-denominated blockchain-based letter of credit (LC) transaction.

/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.

Standard Chartered completes LoC blockchain transaction on Voltron

/Trade finance

Standard Chartered completes LoC blockchain transaction on Voltron

Standard Chartered has completes its first cross-border Letter of Credit blockchain transaction in the oil industry with PTT Group.

/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.

/payments

EToro retail customers can now invest in drone technology

eToro, the multi-asset investment platform, today announces the launch of its latest portfolio, offering retail clients globally the chance to invest in the technological development of drones and their use cases.

/Trade finance

TreasuryXpress opens third US office in Philadelphia

TreasuryXpress, the global leader in on-demand treasury management software today announced the opening of its third US office in Philadelphia.

/Trade finance

Mitigram secures SEK 100 million in funding

Mitigram has secured SEK 100 million in funding with lead investor Sampo plc, through its wholly owned subsidiary Mandatum Life, twelve months after its Series A funding round.

/Trade finance

Traydstream, Nokia and three banks team to pilot AI-based rules engine

Traydstream, the machine learning-based trade rules and compliance-checking platform, is excited by a new pilot partnership with Finnish multinational exporter, Nokia Corporation and several of its major advising banks.

/Trade finance

Surecomp’s COR-TF secures Swift Certification

Surecomp, the global trade finance fintech leader announced today that COR-TF, a multi-bank corporate trade finance solution, has been awarded the “SWIFT Certified Application – Trade and Supply Chain Finance for Corporates” label for the eighth consecutive year.

/wholesale

Surecomp trade finance offering scores Swift certification

Surecomp, the global trade finance fintech leader announced today that DOKA-NG®, a back-office trade finance solution, was granted the ‘SWIFT Certified Application – Trade Finance’ label for the 19th consecutive year.

/Trade finance

Bank Frick snaps up trade finance startup

Bank Frick continues to strengthen its fintech capabilities and acquires a majority holding in Tradico AG.

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