Trade finance

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/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.

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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.

/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.

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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.

/Trade finance

Banking Circle issues white paper on financial inclusion

Ground-breaking financial utility, Banking Circle, is on a mission to improve access to global financial services for businesses of all sizes.

/Trade finance

Mphasis and Bitfury form payments partnership

Mphasis, an Information Technology solutions provider specializing in cloud and cognitive services, and the Bitfury Group, the world's leading full-service blockchain technology company, today announced a strategic partnership to bring new levels of automation, transparency and efficiency to the financial services infrastructure that underpins global trade.

/Trade finance

Marco Polo blockchain network completes EU to Asia trade transaction

Bangkok Bank and Commerzbank have jointly run an international trade transaction based on Distributed Ledger Technology (DLT).

/Trade finance

ICC warns of regulatory overkill in trade finance sector

The International Chamber of Commerce (ICC) Banking Commission has today released a whitepaper urging the trade finance industry to work together to ensure that regulation does not hinder the availability of trade finance and remains relevant in a digital landscape.

/Trade finance

Deutsche Bank appoints new transaction banking head for Southeast Asia

Deutsche Bank today announced the appointment of Burkhard Ziegenhorn as GTB Head of South-East Asia (ASEAN countries) effective June 1, 2019.

/Trade finance

RBI joins Marco Polo network

Raiffeisen Bank International announces today that it joins Marco Polo for evaluating and piloting the platform’s distributed ledger technology.

/Trade finance

BayernLB, Helaba and S-Servicepartner join Marco Polo DLT network

BayernLB, Helaba and S-Servicepartner have announced today that they’ve joined the Marco Polo Network for piloting and evaluating purposes. Marco Polo is the largest and fastest growing trade finance network in the world, powered by distributed ledger technology (DLT) and focusing on bringing significant efficiencies in financing trade.

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Surecomp launches innovation lab

Surecomp, the global trade finance fintech leader, announced today the inauguration of SureLab, Surecomp’s newly established innovation lab.

/Trade finance

Trade finance gap widening - BNY Mellon

BNY Mellon today released its "Overcoming the Trade Finance Gap: Root Causes and Remedies" report, which finds that the trade finance gap remains a significant issue for global trade, according to 100 global, regional, and domestic banks, specialist trade providers and other market participants responding to its survey.