TFG interviewed ITFA and ADB about the financing of dirty commodities and fossil fuels, and what a sustainable transition means for trade finance.
Category: Singapore
India and Singapore create cross-border digital payment system
India and Singapore have linked their digital payments systems, UPI and PayNow, to enable instant and low-cost fund transfers in a major push to disrupt the cross-border transactions between the two nations that amounts to over $1 billion each year. The linkage between the two systems went live Tuesday, the two nations’ central banks said… Continue reading India and Singapore create cross-border digital payment system
Blockchain trade finance: Contour and Tata Power forge new partnership
Tata Power, an integrated power company in India, has partnered with Contour, a digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour’s network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined… Continue reading Blockchain trade finance: Contour and Tata Power forge new partnership
Tradetech predictions for 2023
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.
Trade volume, commodity and insurance predictions for 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.
Sanctions in letters of credit: Kuvera Resources Pte Ltd and JP Morgan Chase NA
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.
ITFA’s Sean Edwards’ year in review and predictions for trade finance in 2023
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.
IFC provides $32.5m loan to Singapore’s Agrocorp to help improve food security in Bangladesh
To improve food security in Bangladesh at a time of rising commodity prices amidst a global shortfall of staple crops, the International Finance Corporation (IFC) is providing a $32.5 million loan to Singapore-based agricultural commodity-trading company Agrocorp International Pte Ltd. IFC, a global development institution focused on the private sector in emerging markets, is providing… Continue reading IFC provides $32.5m loan to Singapore’s Agrocorp to help improve food security in Bangladesh
Q&A | CBI’s Liliana Fratini Passi on open banking and risk appetite
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.
Singapore deepens fintech relations with UK through a fintech, regtech and wealth management bridge
The 7th UK-Singapore Financial Dialogue, held last week in Singapore, saw both countries renewing a commitment to strengthen their fintech partnerships, an agreement initially starting in 2021. Mutual priorities include sustainable finance, fintech, and innovation. At the Financial Dialogue, the UK and Singapore agreed on a Memorandum of Understanding on the UK-Singapore FinTech Bridge. The… Continue reading Singapore deepens fintech relations with UK through a fintech, regtech and wealth management bridge
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.
Into the depth—deep-tier supply chain finance as a driver for ESG development
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.
Net-zero: Singapore-Australia sustainability initiative as example of global collaboration
Singapore and Australia share longstanding economic, strategic, and people-to-people ties, underpinned by the Comprehensive Strategic Partnership. These relations and multiple shared interests at regional and global levels have led them to work together to shape a sustainable future for the two nations through a bilateral Green Economy Agreement (GEA). In commencing negotiations, both parties are… Continue reading Net-zero: Singapore-Australia sustainability initiative as example of global collaboration
Data standards: a key to a truly sustainable trade
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