Trade finance

228 articles tagged with this keyword

/wholesale

Singapore central bank backs Tradeteq quantum credit scoring project

London-based Tradeteq has received funding from Singapore's central bank on a project to develop quantum computing-based credit scoring methods for companies.

/regulation

ICC calls for abolition of rules inhibiting the uptake of electronic trade finance

The International Chamber of Commerce has called on Governments and central banks the world over to nullify any rules inhibiting the use of paperless trading, in order to mitigate the disruptive impact of Covid-19 on trade finance transactions.

/wholesale

Rabobank slashes commodity trade finance timeline with blockchain

Cargill and Agrocorp, in partnership with Rabobank and other logistics partners, have completed a cross-continent commodity trade transaction of wheat from North America to Southeast Asia on a blockchain platform provided by Singapore-based dltledgers.

/cloud

How cloud unlocks the value of time series data

As mobile devices double as digital wallets streaming location coordinates and transaction information, satellite images capture fleet movements and consumers generate product reviews on social media, financial institutions are gathering and analysing a rapidly growing amount of non-traditional data to enhance their core financial datasets. The analysis of this time series data – data that captures temporal changes, organised by time – allows firms to detect unique patterns and make future predictions of market performance and behaviour.

/sustainable

LSE sustainable business head: ESG is the highest priority for large investors

David Harris, group head of sustainable business of the London Stock Exchange, spoke to Finextra TV about how he works to integrate sustainable finance across the capabilities of the group by considering the flow of data from issuers through to investors and the capabilities needed to support both and ultimately, the entire market.

/wholesale

HSBC to use third party data to approve rapid loans for Alibaba merchants

HSBC has forged a partnership with Chinese logistics firm Cainiao to offer fast trade finance loans to online merchants using Alibaba's Tmall platform in Hong Kong.

/Trade finance

Santander acquires controlling interest in trade finance software house Mercury TFS

Banco Santander is to acquire a majority 50.1% stake in Spanish trade finance software house Mercury TFS through a €30 million investment.

/Trade finance

Robinhood outage sees customers threaten class action

Threats of legal action are emerging across trading app Robinhood’s 10 million customer base, following a 17-hour outage on the day the stock market gained $1.1 trillion.

/Trade finance

Citi invests in blockchain-based trade finance network Contour

Citi has become the latest banking giant to take a stake in Contour, the blockchain-based trade finance platform which made its commercial launch last month.

/wholesale

DBS carries out first transaction on Singapore's new digital trade platform

DBS has completed the first fully digital trade financing settlement on Singapore's new Network Trade Platform (NTP).

/Trade finance

Envoy scores $13m to scale up blockchain trade finance platform

Blockchain-based supply chain and trade finance startup Envoy Group is looking to expand beyond Latin America after securing a $13 million investment from Alcedo Digital Ventures.

/Trade finance

Bank-backed blockchain trade finance platform Contour launches

Contour, the blockchain-based trade finance platform backed by a host of big name banks, has made its commercial launch.

/Trade finance

Nordic challenger Lunar targets entry-level investors

Lunar has set its stock trading feature live, after having joined forces with investment specialist Saxo Bank.

/sustainable

Deutsche Bank: China’s BRI is fundamental for sustainable finance

In a report released today, Deutsche Bank responds to client demand for a guide to the Silk Road, otherwise known as China’s Belt and Road Initiative (BRI) and the opportunities it presents to incorporate sustainable development and low-carbon practices.

/sustainable

The impact of climate risk on investment decisions and disclosure law

Climate change is predicted to cost 200 of the world’s largest companies $1 trillion over the next five years, according to a survey conducted by the charity CDP. But should the financial services industry be concerned? The answer is yes and for two fundamental reasons: the impact on investment and disclosure laws.

/sustainable

Banks must adopt decarbonisation strategy ahead of imminent climate crisis

The influx of green banking initiatives and risk management tools has done little to remedy the expansion of fossil fuel financing and commercial attitudes remain unchanged as we move forward towards what is now a climate crisis, according to Boston Common Asset Management’s 2019 report.

/Trade finance

DBS and Trafigura partner on blockchain trade platform

Singapore's DB Bank is teaming up with commodities trading house Trafigura to develop an open-sourced blockchain trade platform.

/Trade finance

IoT and blockchain to the fore in CIMB trade finance transaction

The Singapore branch of CIMB Bank Berhad has completed a trade financing transaction for the import of dairy products into China using IoT cargo sensors and a distributed ledger platform from blockchain firm iTrust.

/wholesale

Banks join forces on digital platform to help firms trade globally

A group of 14 banks - including Santander, RBC and MUFG - has launched a digital platform designed to tackle international trade barriers.

/Trade finance

HSBC launches trade finance API

HSBC has launched a trade finance API that lets partner financial institutions and their clients see the status of their bank guarantees in real time from their own platforms.