Latest Trade finance News: Finextra Research

MUFG joins Contour trade finance network

Contour, the leading digital trade finance network, announced today that the Singapore office of MUFG Bank (MUFG), Japan’s premier bank is joining its growing digital network.

01 August 2023

News/sustainable

Fintech and sustainability at the heart of UK and Singapore’s Financial Dialogue

HM Treasury and the Monetary Authority of Singapore (MAS) held the eighth UK-Singapore Financial Dialogue in London yesterday, discussing further collaboration in sustainable finance and fintech.

28 July 2023

News/wholesale

Commerzbank makes blockchain-based trade finance transactions

Commerzbank has completed a blockchain-based Letter of Credit transaction for a client on the Contour digital trade finance platform.

27 July 2023

Company update/wholesale

Surecomp and ICE Digital Trade cement partnership to drive electronic trade document exchange

Surecomp today announced a strategic partnership with ICE Digital Trade, formerly known as essDOCS, to drive expanded digital trade finance capabilities for corporates, banks and other financial institutions.

25 July 2023

News/wholesale

Santander invests in trade finance network Komgo

Santander has invested in Komgo as part of a wide-ranging partnership with the digital trade finance network.

30 June 2023

News/payments

Visa acquires core banking platform Pismo for $1bn

Credit card behemoth Visa has splashed out $1bn to acquire Brazil-based core banking platform Pismo.

29 June 2023

News/wholesale

Wells Fargo backs $70m fund to help underserved SMEs access credit

Wells Fargo is backing a new $70 million “equitable access fund” from Hello Alice and the Global Entrepreneurship Network (GEN) that will target underserved high-potential but credit-challenged small business owners.

29 June 2023

News/wholesale

JP Morgan invests in trade finance fintech

Wall Street bank JP Morgan has made a strategic investment in a fintech startup focused on trade finance.

21 June 2023

Company update/Trade finance

Consortium delivers cross-border quantum-secure digital trade transaction

An international consortium of industry and technical experts, supported by government, business and other organisations have completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognisable solution for future digital trade transactions.

15 June 2023

Company update/crypto

BIS Project Dynamo develops smart contract prototype for SME finance

A new prototype developed as part of Project Dynamo explored how institutional investors can be encouraged to finance small and medium-sized enterprises (SMEs) through the programmability and transferability of digital trade tokens on a public blockchain.

08 June 2023

Company update/wholesale

Mitigram raises $11 million in latest funding round

Mitigram, the leading digital platform in global trade financing, today announces it has secured an additional $11m from its latest funding round, bringing the total amount raised to $38m.

06 June 2023

Company update/wholesale

Standard Bank partners DP World to expand trade finance in Africa

Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global leader in supply chain solutions, to offer trade finance solutions jointly with DP World Trade Finance. This partnership will help in closing the gap in unmet demand for working capital on the continent.

29 May 2023

Company update/security

MonetaGo partners with Lloyd’s List Intelligence to authenticate trade finance documents

Financial technology solutions provider MonetaGo has selected Lloyd’s List Intelligence as a data partner to strengthen its real-time interruption of fraudulent trade financing attempts through the authentication of key trade documents.

15 May 2023

Company update/wholesale

Ebury strikes partnership with Financial Intermediary & Broker Association

Global financial services firm Ebury is delighted to announce its new partnership with FIBA – the Financial Intermediary & Broker Association.

10 May 2023

Company update/payments

Cashfree Payments and YES BANK to offer international payment collection service to Indian exporters

Cashfree Payments and YES BANK have come together to offer ‘Global Collections’, an international collection service for exporters, who are account holders of YES BANK.

03 May 2023

News/startups

Austrade and SFA launch fintech collaboration initiative

The Singapore Fintech Association (SFA) and Australian Trade and Investment Commission (Austrade) have launched a joint programme to foster fintech innovation in both APAC countries.

28 April 2023

Company update/payments

Accelerated Payments releases new trade finance product

Accelerated Payments, the international leader in end-to-end working capital solutions, today announced the launch of its revolutionary trade finance product, AP Trade Finance (APTF).

27 April 2023

Company update/wholesale

Bian welcomes 24 new members

BIAN, the independent not-for-profit, is today announcing the 24 new members that joined the organization over the last year, bringing the total number of members to 84.

20 April 2023

News/wholesale

HSBC trials confidential computing to boost global trade finance

HSBC and not-for-profit blockchain tech consortium Global Shipping Business Network (GSBN) have carried out a proof-of-concept using "confidential computing" for trade finance.

20 April 2023

Company update/people

Surecomp hires Finastra's Tal Weiser as chief revenue officer

Surecomp today announced the appointment of Tal Weiser as Chief Revenue Officer to accelerate digital trade finance adoption and support the company’s growth objectives.

13 April 2023