Trade and supply chain finance provide innovative solutions for the working capital gap faced by growing companies.
In most countries, small and medium enterprises are important contributors to economic welfare. This is the main reason why a digitalized trade system can open more opportunities to further SME growth.
SWIFT is a communication platform that allows members to connect and exchange financial messages securely and reliably.
Letters of credit are the oldest and most common type of short term trade finance, famously described as the “lifeblood of international commerce,” with some commentators suggesting their use stretches back to 3000 BC. What makes them so successful?
ICC Trade Register 2021 – 6 top takeaways and the low-risk nature of trade finance as an asset class
The 2021 ICC Trade Register summary, on the credit risk profiles of trade finance, supply chain finance and export finance transactions. Read our summary on 38m transactions representing USD $19.2t exposures, and 28% of global trade flows.
World trade is central to economic growth and as we emerge from the pandemic, trade is paramount in enabling the global economy to recover. Is the time really now, for digitising trade, and how can advance the dialogue to reduce friction, costs and risk?
Since the inception of UCP 600, trade finance professionals, in particular, the letter of credit community, have been discussing the need for and consequences of modifications and exclusions to the rules in commercial LCs issued under UCP 600.
Trade and economic activity are advancing at a rapid pace across the Middle East. How are governments across the region evolving and harnessing opportunities to enable high-speed economic activity?
Canada-based software provider Surecomp has today announced the expansion of its Trade Finance-as-a-Service (TFaaS) offering to enable smaller and mid-sized banks to improve their trade finance processing efficiencies and customer… read more →
The need for trade digitization has never been more prevalent than it is today, especially with pandemic-induced restrictions emphasizing the inefficiency of paper-based trade. Our Editor, Deepesh Patel sat down with Contour’s CEO and Chief Product Officer, as well as TradeLens’ Head of Strategy and Operations, to discuss how fintech can come together to partner to solve these problems.
Never have fragmented reactions, as seen to recent global crises, be that Covid-19, climate change or geopolitical power shifts, illustrated better the acute need to have sustainable strategies in place.
Surecomp® is one of the first technology providers to successfully secure the 2021 SWIFT certification. Surecomp secured this label for its flagship trade finance solutions to support the processing of… read more →
Has digital trade finally arrived with the ICC eRules guidelines? John Dunlop explains how this might be true.
Contour announces partnership with Global Shipping Business Network (GSBN) to offer an end-to-end digital solution that will create a seamless connection between the physical supply chain and the financial system.… read more →
Finastra’s global trade and supply chain booking engine and processing solution, Fusion Trade Innovation, is recognised for supporting SWIFT SR2021 standards release ahead of changes to Category 7 type messages… read more →