Trade finance

219 articles tagged with this keyword

/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.

/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).

/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.

/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.

/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.

/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.

/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.

/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?

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DBS joins Contour trade finance network

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

/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.

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JP Morgan joins forces with supply chain finance firm Taulia

JP Morgan is teaming up with working capital fintech outfit Taulia to offer its clients new trade finance options.

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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.