TFG interviewed ITFA and ADB about the financing of dirty commodities and fossil fuels, and what a sustainable transition means for trade finance.
Iain MacLennan, VP of product management and trade at Finastra, and Patrik Zekkar, CEO of Enigio, Patrick DeVilbiss, head of product at CGI and Alisa DiCaprio, chief economist at R3, provided us with their predictions for the trade technology landscape in 2023.
TFG asked Francoise Huang, senior economist for Asia Pacific and Trade at Allianz Trade, John Miller, chief economic analyst at Trade Data Monitor, and Richard Wulff, executive director at ICISA, to give their thoughts on the 2023 trade environment.
This article was originally published on December 19 2022 by Watson Farley & Williams LLP. TFG would like to thank Kimarie Cheang and Chengxi Tan for their contribution.
13 common Letter of Credit and Bill of Lading frauds: Learning from the Solo Industries and Saad Group fraud cases
At the IIBLP’s Dubai Trade Law & Compliance Conference held in Dubai on 15 March 2022, one of the panellists referred to the Solo Industries fraud in a panel discussion addressing the recent Singapore case, Credit Agricole Corporate & Investment Bank (CACIB), Singapore branch v. PPT Energy Trading Co.
According to Edwards, reducing the record-high $1.7 trillion USD global trade finance gap will be amongst the most important considerations facing the trade finance industry in 2023. The trade finance sector is developing several tools to address this issue.
Trade Finance Global (TFG) are delighted to have had the opportunity to speak with Liliana Fratini Passi, Managing Director, CBI, for further insight into the situation.
VIDEO | Digitising trade and supply chain processes: TFG contributes to ICC Academy’s new CDTS course
With the trade ecosystem increasingly shifting towards technological advancements, and a market saturated with options in which to digitise trade processes, it can be difficult to cut through the noise.
Deep-tier supply chain finance can be a powerful tool in the ESG toolkit––but implementing this innovative financing approach will require overcoming some key barriers.
For sustainable trade finance to scale, the industry needs a uniform model for ESG data that can be used by everybody, says Pradeep Nair, Global Head of Structured Solutions and Development of Standard Chartered Bank
Your Monday morning coffee briefing from TFG: China hits record trade surplus in July
Fraudbusters – MonetaGo’s CEO on tackling duplicate financing fraud in trade finance via the Trade Finance Registry
With the trade finance gap at an all-time high, some tech companies are creating novel solutions to help combat the wide-scale fraud that has challenged the sector for many years, making it a more attractive space for lenders once again.
TFG spoke to Jesse Chenard of MonetaGo to find out more.
Your Monday morning coffee briefing from TFG:
2022 WTO conference extended to try and end deadlock
MonetaGo selected by the Association of Banks in Singapore to deliver Trade Finance Registry and combat duplicate invoice fraud
Financial technology solutions provider MonetaGo has been selected by the Association of Banks in Singapore (ABS) to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud.
Why the Queen’s speech is about to accelerate the acceptance of digital trade documents into English law
If a new trade bill is passed during the current UK parliamentary term, digital paperwork could be legalised under English Law, which could be a landmark moment for the trade and export industry.