Trade Finance & Invoice Finance solutions for businesses to trade, import or export goods, both domestically and globally
We interviewed Geoff Brady, Head of Global Trade & Supply Chain Finance (GTS) at Bank of America Merrill Lynch. In this role, he oversees the management of the origination and delivery of supply chain, receivables and trade finance products that provide liquidity, risk mitigation, and working capital optimization for the bank’s Corporate, Commercial and Business Banking clients. He is based in New York. We talked about the physical and financial aspects of the supply chain management, about the importance of Blockchain Consortia in the trade finance space and the BAML's agenda for the rest of the year.
TFG heard Judd Holroyde, Head of Global Product Management, Wells Fargo. We talked about the changing payments landscape, about SWIFT and SWIFT Gpi and how the FinTech creativity can be used as a customer value proposition messenger.
We caught up with the Head of Trade Finance at Asian Development Bank, Steve Beck. We talked about the newly published Trade Finance Gaps, Growth, and Jobs Survey.
Incoterms 2020 are now live. DAT has changed to DPU, insurance points are clarified on C-terms, transport security is now well defined, own transport is accounted for, changes to FCA/FOB regarding Bills of Lading...
AGTB: New kid on the block. TFG heard from Daniel Gould, Deputy CEO of Anglo Gulf Trade Bank, and its new digital offering for trade finance in the UAE and MENA region. Building a trade bank from scratch without relying on legacy technologies has enabled AGTB to reimagine trade finance, building a competitive product for the corporate banking space.
Sumitomo Mitsui Banking Corporation Completed a Proof of Concept Utilizing Blockchain-Based Trade Finance Platform Employing Actual Trade Flow
TOKYO. October 18, 2019 — Sumitomo Mitsui Banking Corporation (“SMBC”, President and CEO: Makoto Takashima) and Mitsui & Co., Ltd. (“Mitsui & Co.”, President and Chief Executive Officer: Tatsuo Yasunaga)… read more →
NEW YORK CITY – Businesses large and small have a common challenge: choosing the best, most efficient payment channels for hundreds or thousands of recipients. Deciding between card, wire, automated… read more →
INTERNATIONAL ISLAMIC TRADE FINANCE CORPORATION (ITFC) INJECTS US$1.5 BILLION TO MALDIVES’ KEY SECTORS IN MAJOR FRAMEWORK AGREEMENT
(Maldives, October 9th, 2019): The International Islamic Trade Finance Corporation (ITFC), has signed a major US$1.5 billion framework agreement with the Republic of Maldives. The five-year framework agreement, signed by… read more →
£83 million worth of government support announced for Glasgow-based IQA Group to install new electricity infrastructure in Northern Angola £60 million worth of support will enable an agricultural project delivered… read more →