Your Monday morning coffee briefing from TFG: China trade sector poised for decline, UK appoints new trade commissioner to Africa…

During the panel session ‘unlocking liquidity with collaborative trade finance’ at the finanzsymposium in Mannheim in May, TFG spoke with German and Scandinavian fintech professionals about their thoughts on the future of trade finance, and what solutions they think are needed for the next generation.

Fintech growth over the last five years has been exponential, with investment in UK fintech hitting £27.5 bn in 2021 – but the high reward also means high risk.

Your Monday morning coffee briefing from TFG:
2022 WTO conference extended to try and end deadlock

With technology revolutionising almost every area of business, TFG asked a number of fintech experts whether it also has a role to play in streamlining how trade finance applications are handled and processed to help unlock more trade finance liquidity.

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.

The International Chamber of Commerce (ICC) has released its fintech collaboration guidelines – a 23-page document aimed at helping fintechs collaborate with each other and other institutions  The guidelines highlight… read more →

Two, the business-to-business (B2B) e-commerce payments platform, and Allianz Trade, the trade credit insurance provider, have formed a partnership to grow the ‘buy now pay later’ (BNPL) finance market for… read more →

we.trade, a blockchain-based trade finance network owned by 12 European banks and IBM, told shareholders in May that it had run out of cash.

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.