229 articles tagged with this keyword
News/Trade finance
US bank Citi has appointed Gulru Atak, an executive at its Turkey business, as head of its innovation lab in Dublin.
16 May 2017
HSBC has begun the global roll out of a virtual platform for businesses to complete trade finance, receivables finance and business loan applications whether they’re in their office, at home or on the road.
11 May 2017
Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM.
26 April 2017
Qatar-based Commercial Bank has carried out a pilot using blockchain technology to complete international fund transfers with partner banks and now plans to extend its testing to trade finance.
12 April 2017
Commodities trading house Trafigura and French bank Natixis are working with IBM to test the use of blockchain technology for settling US crude oil transactions.
28 March 2017
IBM and transport and logistics outfit Maersk have unveiled a blockchain-based cross-border supply chain programme to manage and track the paper trail of tens of millions of shipping containers across the world.
06 March 2017
ING and Societe Generale have teamed up with commodity trading house Mercuria to test the use of blockchain technology for a live oil trade.
22 February 2017
The Monetary Authority of Singapore (MAS) continues its relentless march towards the digital future through the creation of a data analytics group.
14 February 2017
IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider Dutech, to explore the use of blockchain technology for the import and re-export process of goods in and out of Dubai.
07 February 2017
UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.
05 January 2017
Not to be outdone by rival Visa, Mastercard is stepping up its interest in distributed ledger technology, quietly adding three blockchain APIs to its developer site
31 October 2016
Commonwealth Bank of Australia and Well Fargo are claiming a world-first interbank open account transaction using a blockchain and the Internet of Things for the shipment of goods across international borders.
24 October 2016
Emirates NBD and India's Icici Bank have successfully completed a pilot project to deploy a permissionable blockchain for international remittances and open account trade finance transactions.
12 October 2016
Bank of America Merrill Lynch is collaborating with Microsoft on a project to implement blockchain technology for trade finance transactions.
27 September 2016
Barclays Bank and accelerator graduate Wave have executed a live Letter of Credit transaction between Ornua - the Irish Dairy Board - and Sychelles Trading Company on a distributed ledger based system.
07 September 2016
Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore have claimed success in demonstrating the application of distributed ledgers to replace paper-based Letters of Credit in trade finance transactions.
10 August 2016
UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).
20 July 2016
IBM is to establish its first 'Centre for Blockchain Innovation' in Singapore, working in concert with the island city-state's Economic Development Board and Monetary Authority.
12 July 2016
BNP Paribas has confirmed its commitment to the distributed ledger movement in finance after completing its first 'Blockchain Bizhackathon' in the transaction banking arena.
02 February 2016
Digitally enabled insurgents are placing bank-based lenders under increasing pressure and pose "a significant threat to every part of the commercial lending business" says a survey conducted by Misys.
26 August 2015
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