The collaboration, underpinned by BNY’s Trade Network Access Service, enables mutual access to each institution’s Relationship Management Applications (RMAs), significantly streamlining international trade processes. Jennifer Barker, Global Head of Treasury… read more →
The Vienna-based financial service provider will implement Traydstream’s platform to process export letters of credit, amendments, and document scrutiny: areas which have traditionally required manual processing. The partnership, announced on… read more →
Transactions between Europe and China using trade finance documents like Letters of Credit, Documentary Collections, or Open Account terms, which used to be paper-based and take as long as two… read more →
The advent of digitalisation presents an opportunity to transform trade finance by addressing long-standing inefficiencies and one such innovation is a digital version of the bill of exchange called the… read more →
Lloyds Bank has introduced a new digital solution to simplify the application process for guarantees and standby letters of credit (SBLCs). While available for all Corporate clients, the solution is… read more →
The Prudential Regulation Authority (PRA) has released its second policy statement on the implementation of Basel 3.1, set to take effect in January 2025.
Often described as the lifeblood of international commerce, a bank can only refuse payment under an LC if the documents are non-compliant or if the seller who seeks presentation, has… read more →
Learn about ITFA’s Fraud Working Group and their efforts to combat cross-border fraud in trade finance.
International trade is the lifeblood of the global economy serving as a vital catalyst for economic growth, innovation, and prosperity across nations, including in the MENA region.
