Month: October 2019

EpisodeSix on the Bringing of Real-Time Payments to Commercial Banking

Banks are often slow to adopt the latest technology, and in many cases that is warranted. As highly regulated institutions tasked with protecting valuable data, banks understandably want to avoid “running with scissors.” By starting slow with simply implementing APIs in a few areas, they can begin to modernize and ultimately provide streamlined payments solutions, like RTPs, to their largest pool of customers.

Anglo-Gulf Trade Bank launches express digital corporate account opening service at Abu Dhabi Global Market

Anglo-Gulf Trade Bank (AGTB), the world’s first digital trade bank, announced today that, starting in November 2019, it will be offering qualified businesses registering in Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, a fast-track process for opening a starter corporate account.

VIDEO: Transaction Banking Updates from BAFT: Digitisation, Rules and Regulatory Changes

We caught up with the President of the Bankers Association for Finance and Trade (BAFT). We talked about the balance of human capital and technology in the international transaction banking, about the amendments of the funded master risk participation agreement and how trade-based money laundering can be eradicated.

African countries progressing towards investment-supportive financial markets, Absa-OMFIF report finds

New financial products, regulatory improvements and more responsive economic policies have enhanced the performance of countries in the Absa Africa Financial Markets Index 2019, produced by OMFIF. Now in its third year, the index evaluates financial market development in 20 countries across the continent.

VIDEO: US Perspective, Bank of America’s Trade & Treasury Insights from SIBOS

We interviewed Geoff Brady, Head of Global Trade & Supply Chain Finance (GTS) at Bank of America Merrill Lynch. 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.

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) have successfully completed a PoC utilizing Marco Polo, a blockchain-based trade finance platform developed by R3 LLC. (Chief Executive Officer: David Rutter) and TradeIX Limited… Continue reading Sumitomo Mitsui Banking Corporation Completed a Proof of Concept Utilizing Blockchain-Based Trade Finance Platform Employing Actual Trade Flow

VIDEO: Wells Fargo, on the changing needs of the Corporate Customer

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.

VIDEO: Steven Beck (Asian Development Bank) on Trade Gaps, Growth and Jobs in Asia

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.

Bank of America Merrill Lynch Launches Accounts Payable Optimization Solution

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 clearinghouse (ACH) or supply chain finance depends on the nature of each individual supplier and is a complex, time-consuming task. To address that client need,… Continue reading Bank of America Merrill Lynch Launches Accounts Payable Optimization Solution

VIDEO: Trade Digitisation, SME Trade Finance and the UK Market – Interview with Natwest

We caught up with the Head of Trade Origination & Advisory at Natwest Bank, to talk about trade in the UK, given the current uncertain geopolitical climate around Brexit. We asked Rowan Austin about the current outlook for UK SMEs, trade barriers and how the bank is approaching trade and transaction banking digitisation through some of its initiatives at Sibos 2019.

The Afreximbank confirms intentions to raise $250m USD on the London Stock Exchange to boost African trade finance offering

Following the announcement on 9 October 2019 by the African Export-Import Bank (“Afreximbank” or the “Bank”), a supranational financial institution whose purpose is to facilitate, promote and expand intra- and extra- African trade, of its potential intention to publish a registration document, the Bank hereby confirms its intention to proceed with an Initial Public Offering.

PODCAST: Anglo Gulf Trade Bank – Pioneers in Digital Trade ( S1 E27 )

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.

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