Latest Trade finance News: Finextra Research

SEB trials secure data sharing tech for Letters of Credit

Nordic bank SEB has teamed up with Finnish industrial group Wärtsilä on a secure data sharing experiment involving the exchange of digital Letters of Credit.

18 February 2021

News/wealth

InvestCloud accelerates past $1bn valuation

InvestCloud has completed a recapitalisation that values the wealth platform at $1 billion. As part of the deal, two additional businesses are being rolled into InvestCloud, immediately pushing the valuation of the combined business up over $2 billion.

02 February 2021

News/sustainable

Sustainable Finance Live: Using real-time measurement of climate change to address risk

Finextra Research and Responsible Risk today hosted Sustainable Finance Live, the second virtual workshop in a series of events designed to create actionable ESGtech strategies and build an ecosystem of partnerships that will turn strategy into reality.

08 December 2020

News/sustainable

Coutts MD: Sustainability is about ‘unpeeling’ investment decision making

Mohammad Kamal Syed, managing director and head of investment management at Coutts & Co, tells Finextra Research of the ‘root and branch uplift’ in the firm’s investment decision making to address ESG goals.

20 October 2020

News/payments

Icici lets firms access trade finance services via WhatsApp

Customers of India's Icici Bank can now create fixed deposits, pay utility bills and access trade finance services through WhatsApp,

16 October 2020

News/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.

06 October 2020

News/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.

05 October 2020

News/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.

28 September 2020

News/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.

25 September 2020

News/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).

26 August 2020

News/wholesale

SMBC joins Contour and Komgo as Covid-19 propels digital trade

Sumitomo Mitsui Bank Corporation SMBC is stepping up its involvement in blockchain-based trade finance networks, joining Singapore-based Contour and Swiss platform Komgo.

21 July 2020

News/sustainable

Deutsche Bank spinoff IMP+ACT Alliance launches digital ESG fund transparency tool

IMP+ACT Alliance today launched the IMP+ACT Classification System (ICS), which will allow asset managers to self-report how they classify, measure and manage ESG impact, serving financial risk mitigation strategies and advancing global goals such as the UN’s Sustainable Development Goals (SDGs).

24 June 2020

News/wholesale

İşbank and Commerzbank carry out Marco Polo transaction

Commerzbank and İşbank have run an international trade finance transaction on the Marco Polo blockchain network.

08 June 2020

News/covid-19

Barclays invests in trade finance scale-up

UK high street bank Barclays has become the highest profile investor so far in Stenn, a UK-based online trade finance provider.

03 June 2020

News/retail

Fintech is an opportunity, not a threat - Hong Kong's banks

As they face up to competition from a slew of new 'virtual banks', Hong Kong's traditional lenders are broadly optimistic about their future in the fintech era.

22 May 2020

News/regulation

Standard Bank calls for rule changes to enable trade digitisation

Standard Bank says it is talking to regulators in multiple markets about amending regulations during the Covid19 crisis to make digital trade easier.

21 May 2020

News/wholesale

IBM takes stake in bank-backed blockchain platform we.trade

IBM has taken a seven percent stake in we.trade, a blockchain-based trade finance network owned by 12 banks.

21 May 2020

News/crypto

Is it time to believe the blockchain hype?

Finextra Research has collaborated with Deloitte's Richard Walker, HSBC's Mark Williamson and Ciaron Roddy and BBVA's Francisco Maroto amongst others and to produce a detailed report on the future of blockchain technology in financial services: Where is the industry now? Where could it go? How do we get there?

12 May 2020

News/wholesale

DBS joins Contour trade finance network

DBS has become the first bank in Singapore to join the Contour blockchain trade finance network.

11 May 2020

News/wholesale

Surecomp brings Open Banking to trade finance

Trade finance technology supplier Surecomp has released a set of API interfaces and a sandbox testing environment for banks and third party developers, as the spread of Covid-19 disrupts traditional paper-handling processes.

28 April 2020