TFG heard from Joel Schrevens Global Solutions Director of China Systems about the state of the trade and supply chain finance ecosystem. Established in 1983, China Systems is a leading trade services solutions vendor. The company is fully focused on providing an integrated front-end and back-office platform catering for internal and external deployment at a domestic, regional or global level.
ICC invites business leaders and government officials to join the discussion around the future of UK international engagement and the role of the private sector in shaping the global trading environment, in particular with the emerging markets, at its upcoming event – Going Global – which will take place at the Guildhall on 21st October 2019.
Geneva based blockchain software provider komgo SA has announced that it has taken a number of steps towards achieving its mission of catalyzing the world’s commodity trade network, with almost a billion USD of financing channeled by members of the network.
TFG heard from Alexander Goulandris the co-CEO of essDOCS about the different solutions for paperless trade.
Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via the Marco Polo international trade finance network. For Marco Polo, it is the first Russian-German import-export operations financing project.
Existing systems are woefully inefficient, siloed or still paper-based and many of them have not improved for decades. The Marco Polo Network is working with Financial Institutions, Corporates and Technology & Service Providers to remove the barriers preventing them from operating at their best.
The Italian Banking market continues to face headwinds and pressures around new payment service directives (PSDII), challenges from the regulator, and changing customer needs. TFG caught up with the CEO of RegTech innovator CBI about their latest product CBI Globe, and how this is positioned to help Italian banks succeed and grow.
(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 →
Following the financial crisis, the International Accounting Standards Board (IASB) recognised the need for a forward-looking approach to account for credit losses. Previously, the IAS 39 accounting standard for assessing provisions was based on an incurred loss model. This approach has been criticised as “too little, too late” as it was perceived as delaying the recognition of potential turbulences while favouring forbearance.
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.
The Italian Banking market continues to face headwinds and pressures around new payment service directives (PSDII), challenges from the regulator, and changing customer needs. TFG caught up with the CEO of regtech innovator CBI about their latest product CBI Globe, and how this is positioned to help Italian banks succeed and grow.
Turning SME credit scoring on its head – the Banking Circle approach to financial inclusion (S1 E25)
TFG spoke to Mishal Ruparel, General Manager at Banking Circle, about the new applications of technology in banking to help better serve the underbanked SMEs. Using AI-driven credit scoring and new approaches to analyse credit card transaction data, Banking Circle’s proposition is game-changing the world of SME finance.
TFG spoke to the author of ‘Digital Ecosystems within Trade Finance’, a BCG, SWIFT and ICC report on the state of networks and consortia, the key problem points within trade and trade finance, as well as the current barriers in terms of digitalisation both from a corporate and bank perspective. Deepesh spoke to Sukand Ramachandran at BCG about how global trade is changing and the role of digital ecosystems within this.
In Europe, small and mid-sized companies make up an astonishing 99% of all businesses – and over the last five years they generated 85% of all new jobs in the region. at a time of accelerating economic uncertainty and technological change, it would be irresponsible for those of us with the power to act not to do what we can to give the drivers of Europe’s economy the tools they need to succeed.