Trade finance

448 articles tagged with this keyword

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MonetaGo appoints Oswald Kuyler to lead expansion into Europe

Financial technology solutions provider MonetaGo today announced the launch of operations in Europe, effective March 1, 2022, and the appointment of Oswald Kuyler to the newly created role of head of strategy, Europe.

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Rabobank goes live with Surecomp’s digital trade finance package

Surecomp today announced that Rabobank, the second largest Dutch bank, is fully operational with its integrated back and front-office digital trade finance solutions DOKA-NG and allNETT.

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Olea, Refinitiv and Seabridge TFX join forces to tackle trade finance gap

Olea, Refinitiv and Seabridge TFX have entered into a Memorandum of Understanding (MOU) to transform trade finance by offering a range of short-term trade finance solutions for suppliers dealing with large buyers.

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Standard Chartered's Elaine Ng joins Contour as head of innovation

Contour, the digital trade finance network, has appointed Elaine Ng to the newly created role of Head of Innovation.

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MonetaGo commences operations in Japan

MonetaGo is pleased to announce the launch of operations in Japan beginning effective immediately.

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Bian updates Service Landscape

BIAN, the independent not-for-profit association, is today announcing the availability of Service Landscape 10.0 (SL 10.0).

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DBS Bank India introduces digital and paperless trade financing service

In the current environment, there is a need to drive digitised trade for Corporate customers to reduce processing turnaround time and drive businesses efficiently.

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Japan’s TIS Intec Group invests in digital trade finance network Contour

TIS INTEC Group, one of Japan’s leading IT services providers, has invested in Contour, the digital trade finance network.

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Icici Bank introduces online platform for Indian exporters and importers

ICICI Bank today announced the launch of an online platform, ‘Trade Emerge’), to offer comprehensive digital banking as well as value-added services to exporters and importers across India.

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MAS signals breakthrough in cross-border trade finance

Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), in collaboration with commercial partners DBS Bank, Emirates NBD and Standard Chartered, have successfully concluded the world’s first cross-border digital trade financing pilot of its kind.

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Commerzbank implements Tradeteq Connect

Tradeteq, the leading technology provider for bank asset distribution, together with Commerzbank AG (Commerzbank), AKA Ausfuhrkredit-Gesellschaft mbH (AKA), and Texel Finance Limited (the Texel Group) have announced that following a successful proof of concept phase, Tradeteq Connect, an expansion of the firm’s existing platform to support distributing bank risk resulting from trade products such as letters of credit (LCs) and guarantees, has been implemented by Commerzbank AG, AKA, and the Texel Group and shall become the new technology standard for trade asset distribution.

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Drip Capital raises $175m

Drip Capital, Inc. (Drip Capital), a leading digital cross-border trade finance platform for small and medium businesses (SMBs), announces that it has raised $175 million in fresh capital to power its next phase of growth.

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Contour teams with Gleif to enable LEI usage on digital trade finance network

Contour, the digital trade finance network, has partnered with the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of Legal Entity Identifiers (LEIs) within its network and to financially support its members in obtaining their own LEI.

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Bolero relocates company co-founder Paul Mallon to Singapore

Bolero International, the leading provider of cloud-based trade finance digitisation solutions, announce the relocation of company co-founder Paul Mallon to Singapore in a strategic move.

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BNY Mellon joins trade finance blockchain network Marco Polo

BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.

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VTB Bank investigate use of blockchain for shipment of steel products

VTB Bank and PJSC Severstal have developed a new scenario for the unified industry register of quality certificates for metal products. The initiative will make it possible to speed up the shipment of metal products, as well as to carry it out without reference to banking days, including weekends and holidays.

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Bank of China, DBS and HSBC join trade finance advisory group

Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade, welcomes Bank of China (“BOC”), DBS Bank (“DBS”) and The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), to form the consortium’s Trade Finance Advisory Group.

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SME trade finance platform Modifi secures $24 million in new funding

Global fintech MODIFI today announced $24M in funding, which brings its valuation to more than $120M.

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Swift to run proof-of-concept trials of trade finance fraud tech from MonetaGo

MonetaGo, a financial technology solutions provider, today announced a new platform to combat financing fraud in trade finance on a global level.

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BIC Bred (Suisse) licenses Mitech trade finance system

As part of its continuous growth in Trade Commodity Finance demonstrated in the past years, BIC BRED (Suisse) SA has opted to license CREDOC 5G, the latest generation Trade Finance software released by MIT MAKE INTUITIVE TECH SA, better known as MITECH.