2024 is set to bring about significant changes in finance and banking. Driven by a convergence of cutting-edge technologies, the industry-wide transition to ISO 20022, the rise of digital currencies, and innovative AI-powered solutions, the year holds promise for considerable advancements and enhanced alignment between fintech and traditional financial institutions.
As Contour, the last-standing global trade finance project built on DLT moves to its next stage, we should be honest about what this speed bump means for trade, trade finance, and blockchain.
Today, Surecomp announced that CargoX is joining its RIVO™ platform. This partnership enhances Surecomp’s ecosystem, providing customers with centralised access to a range of top-tier electronic trade document solutions to… read more →
British investment managers have received approval to develop tokenised funds, a process where assets are divided into smaller tokens supported by blockchain technology, as stated by the industry’s trade body… read more →
Digital trade finance platform Contour has announced its closure, citing insufficient funding from its bank shareholders. Operations will cease on November 30, leaving users a brief window to complete transactions and download essential data.
Currently responsible for 3% of global greenhouse gas emissions, maritime transport must decarbonise whilst facing extensive costs and adverse economic operating environments, as well as increasing geopolitical risks.
Both CargoX and Enigio, who operate as independent providers of electronic trade document solutions, have jointly engineered and successfully demonstrated the ability to exchange original electronic trade documents. The document… read more →
For centuries, trade documentation has been a time-intensive and resource-demanding process, involving a multitude of stakeholders and a deluge of paperwork. Central to this process is the bill of lading, the most critical document in international trade.
At Sibos, Citi Treasury and Trade Solutions (TTS) has unveiled the initiation and testing stage of Citi Token Services, an innovative platform engineered to improve cash management and trade finance… read more →
Bank of America is augmenting its CashPro Chat service, a key component of the CashPro banking platform used by over 40,000 corporate clients globally. The upgrade incorporates artificial intelligence and… read more →
