Latest Trade finance News: Finextra Research

New ICC survey finds worsening global shortage of trade finance

Small and medium-sized enterprises (SMEs) and African countries are suffering the most from a deepening global trade finance gap, according to a new survey by the International Chamber of Commerce (ICC) released today.

07 October 2016

Company update/Trade finance

HSBC expands global trade finance investment network

HSBC announced at the ‘Sibos’ financial services conference in Geneva today that it has built a multi-hub capability to enable investors such as pension funds, asset managers and insurers to participate in the global financing of cross-border trade.

28 September 2016

News/Trade finance

Microsoft takes it own blockchain medicine in trade finance deployment

Bank of America Merrill Lynch is collaborating with Microsoft on a project to implement blockchain technology for trade finance transactions.

27 September 2016

Company update/Trade finance

Accuity launches dual-use goods screening engine

Accuity, the leading global provider of compliance solutions, has today launched its enhanced dual-use goods screening capability. This sophisticated screening engine intelligently differentiates between goods that could have civil and military purposes.

26 September 2016

Company update/Trade finance

Misys-inspired World Trade Board advances trade finance agenda

Today at Sibos 2016, the World Trade Board unveiled three key initiatives to drive the trade finance agenda.

26 September 2016

Company update/Trade finance

Marine Transport International applies blockchain to shipping supply chain

MTI (‘Marine Transport International (UK) Limited’) today announces the deployment of the world’s first public blockchain solution in the global shipping industry.

23 September 2016

Company update/Trade finance

Misys joins forces with essDOCS on paperless trade initiative

Misys and essDOCS, the leading enabler of paperless trade, have joined forces to further eliminate the paper-based and manual processes that hamper international trade finance business.

15 September 2016

News/Trade finance

Barclays executes live Letter of Credit transaction using distributed ledger technology

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

Company update/Trade finance

BACB selects Temenos Corporate Suite for IT replacement project

Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that BACB, the London based provider of trade finance and treasury services to Africa and the Middle East, has selected Temenos’ CorporateSuite, which includes Channels and Analytics for Corporates, to replace existing legacy systems.

23 August 2016

Company update/Trade finance

MIT opens office in Singapore

MIT (Micro Informatique & Technologies SA) has just officially completed the opening of an office in Singapore, which will act as MIT operational centre for the Asia Pacific region.

15 August 2016

News/Trade finance

Bank consortia look to distributed ledgers and smart contracts to rewire trade finance

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

Company update/Trade finance

Dun & Bradstreet launches cloud-based D&B Credit

Dun & Bradstreet has today launched D&B Credit™, the next generation risk management platform for trade credit in the UK and Ireland.

25 July 2016

News/Trade finance

UK firm claims largest ever P2P loan

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

Company update/Trade finance

Plummeting pound prompts UK SMEs to “fix-it” following Brexit volatility

World First’s Q2 2016 Global Trade Barometer has captured the knee-jerk reaction of UK SMEs to a plunging pound in the wake of the UK’s historic Brexit result.

18 July 2016

Company update/Trade finance

Blockchain for trade finance startup Fluent hires Terry Pierce from incumbent

Fintech company Fluent, the financial operating network for global commerce, announced today that Terry Pierce has joined the team as VP of Customer Development.

15 July 2016

News/Trade finance

IBM to open first 'Centre for Blockchain Innovation' in Singapore

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

Company update/Trade finance

Euro Exim Bank deploys iGTB tech for KYC processing

Intellect Design Arena Limited’s iGTB division, the world’s first comprehensive global transaction banking solution, announced today that Euro Exim Bank, the trade finance specialist, is to implement DDIQ: the most advanced due diligence tool for compliance.

16 June 2016

Company update/Trade finance

Bolero partners with BSM Global on one-stop portal for electronic trade

Bolero, the world-leader in trade finance instruments, electronic presentation and contract settlement, has entered into partnership with BSM Global, the Australia-based consulting and solutions company assisting importers and exporters to optimise trade execution processes.

17 May 2016

Company update/Trade finance

BofA Merrill Lynch boosts trade finance processing app

Bank of America Merrill Lynch today announced that its trade finance processing application, Bank of America Merrill Lynch CashPro Trade™, is now powered with innovative technology to assist clients with document identification and retrieval.

20 April 2016

Company update/Trade finance

Cargill Australia migrates to Bolero for South Korea shipment

Cargill Australia, an Australian agribusiness, has successfully completed its first shipment of grain from Australia to The Republic of Korea (South Korea) using Bolero’s ePresentation platform.

04 April 2016