In recent years, e-invoicing has transformed from a behind-the-scenes process into a cornerstone of tax compliance and business operations worldwide. Originally introduced in the early 2000s as a method for… read more →
In an era of complex global transactions and stringent compliance measures, the question of how much information is too much arises. In trade finance, compliance, regulatory, and fraud-prevention checks are increasingly demanding, and while access to data has never been greater, the challenge remains: how do we make sense of it all?
HSBC is entering the embedded finance market with the launch of SemFi by HSBC. This new technology company, a joint venture between the bank and B2B global trade network Tradeshift, aims to deliver Seamless Embedded Finance solutions to business clients.
With the trace:original solution, companies can replace paper documents with electronic original documents which are equally legally compliant. The patents enable the creation of freely transferable electronic documents under the… read more →
A company’s understanding of risk—across partnerships and operations—is becoming the primary defence in times of heightened uncertainty. For trade finance, this plays out most acutely in the supply chain. From Ukraine to the South China Sea, ongoing cyber and wartime security threats mean that the supply chain finance market feels the full weight of geopolitical unrest.
Swift, the global financial messaging system, has partnered with Wise, the international money transfer company, to expand cross-border payment options for financial institutions and their customers worldwide.
The 2024 CGI and BAFT Trade Technology Survey provides insights into how financial institutions navigate these changes and plan for the future. The survey reveals the strategic priorities and challenges which banks face and offers a comprehensive view of their adaptation strategies.
The potential of this richly diverse region is vast, and as recent developments show, this potential is being adeptly fulfilled. As this edition will demonstrate, it is crucial to monitor trade finance developments in Africa and the Middle East, as they will likely inform the industry’s trajectory across the world.
India introduced digital Trade Receivable Discounting System (TReDS) platforms in 2017 to help SMEs overcome late payment issues, with three licensed entities expected to reach $25 billion in throughput by FY 2024-25.
ABN AMRO Bank has gone live using Commercial Banking Applications AS (CBA)’s IBAS to help combat financial crime.
