Diginex, a digital financial services and blockchain company, has launched a new supply chain platform in partnership with The Coca-Cola Company and Reckitt. The new platform, DiginexLUMEN, is a due diligence tool that aims to provide brands with trust, transparency, and accountability in global supply chains. DiginexLUMEN was developed with the financial and technical support… Continue reading Reckitt and The Coca-Cola Company partner with Diginex on greater supply chain transparency
Category: News
News
World’s first: ICC and WTO launch standards toolkit for paperless trade
The International Chamber of Commerce (ICC) and the World Trade Organization (WTO) have today published the first-ever toolkit to help companies and government agencies adopt available standards to accelerate the digitalisation of trade processes. Drawing on stakeholder consultations through ICC’s Digital Standards Initiative (DSI) over the past year, the toolkit emphasises that one of the… Continue reading World’s first: ICC and WTO launch standards toolkit for paperless trade
COVID-19 pushed 4.7m people in Southeast Asia into extreme poverty in 2021, but region can bounce back in 2022, says new ADB report
A new report has found that the COVID-19 pandemic pushed 4.7 million people in Southeast Asia into extreme poverty in 2021, following the loss of 9.3 million jobs since 2019. In its Southeast Asia Rising from the Pandemic report, released today, the Asian Development Bank (ADB) also found that the Omicron wave could cut the… Continue reading COVID-19 pushed 4.7m people in Southeast Asia into extreme poverty in 2021, but region can bounce back in 2022, says new ADB report
Volante Technologies launches service to accelerate ISO 20022 payments modernisation
Volante Technologies, a global cloud payments and financial messaging company, has announced the launch of its Volante ISO 20022 Service. The service aims to simplify the complexity of ISO 20022 modernisation for organisations involved in the processing of payment messages, including banks, fintechs, financial institutions, and payment service providers (PSPs). Such organisations face significant headwinds… Continue reading Volante Technologies launches service to accelerate ISO 20022 payments modernisation
Trade Finance Global announces new media partnership with ICC United Kingdom for ICC Digital Trade Conference
Trade Finance Global (TFG) is delighted to announce that it will serve as a media partner for ICC United Kingdom’s Digital Trade Conference, taking place from 6-8 April.
Sullivan advises BAFT, ITFA on amendment agreements to MPAs after LIBOR cessation
Global law firm Sullivan has advised two prominent trade finance associations on key amendments to master participation agreements (MPAs). The new changes to the MPAs reflect the cessation of the London Interbank Offered Rate (LIBOR), which was retired for new contracts across a range of currencies on December 31, 2021. Through its Market Practice Committee,… Continue reading Sullivan advises BAFT, ITFA on amendment agreements to MPAs after LIBOR cessation
Surecomp adds legal entity identification capability to all its cloud-based solutions by partnering with GLEIF
Surecomp, a Canada-based trade finance solutions provider, has launched a new due diligence partnership with the Swiss-based Global Legal Entity Identifier Foundation (GLEIF). Under the deal, GLEIF will use Legal Entity Identifier (LEI) codes and the Global LEI Index to facilitate know your customer (KYC) compliance for Surecomp clients. The tie-up aims to provide customers… Continue reading Surecomp adds legal entity identification capability to all its cloud-based solutions by partnering with GLEIF
Cameroon secures £113m UKEF trade backing for major roadworks
The UK has signed a new trade finance deal with Cameroon that will help support the building of major roadworks in the African country. UK Export Finance (UKEF), the UK’s export credit agency, will provide £133 million of financial support to the Cameroonian Government. Under the deal, UK businesses will install and upgrade the Douala… Continue reading Cameroon secures £113m UKEF trade backing for major roadworks
TFG Celebrates International Women’s Day launching Women in Trade 2022
Trade Finance Global (TFG) launches Women in Trade 2022, celebrating 36 outstanding individuals in international trade and trade finance.
Green finance: British engineering firm ODE seals UKEF guarantee for Polish wind farm
UK Export Finance (UKEF), the UK’s export credit agency, has signed a new green finance agreement with London-based Offshore Design Engineering (ODE). Under the deal, HSBC UK will provide a €900,000 financing facility for an ODE offshore wind contract in Poland, which will be guaranteed up to 80% by UKEF. The deal is a product… Continue reading Green finance: British engineering firm ODE seals UKEF guarantee for Polish wind farm
UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
The UK and New Zealand have signed a new free trade deal that will remove trade barriers on a huge range of UK goods and services. The deal is expected to increase the value of the two countries’ £2.3 billion trading relationship by 60%, adding £800 million to the UK economy and increasing wages for… Continue reading UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
FCI, EBRD pioneer new cross-border factoring technique for SMEs in Georgia, Armenia
FCI and the European Bank for Reconstruction and Development (EBRD) have launched a new factoring initiative in Georgia and Armenia. The partnership will see Georgia and Armenia using a unique cross-border trade finance technique pioneered by FCI – the global representative body for the factoring industry. In a press statement, FCI and EBRD said they… Continue reading FCI, EBRD pioneer new cross-border factoring technique for SMEs in Georgia, Armenia
TFG announces new media partnership for City Week 2022 – the 12th edition of the annual International Financial Services Forum
Trade Finance Global (TFG) is pleased to announce that it will act as a media partner for City Week 2022, which takes place from 25-27 April in Guildhall, London.
Global trade hits record high of $28.5tn in 2021, but will flatline in 2022, says new UNCTAD report
A new report has found that the total value of world trade hit a record high in 2021, but is expected to flatline into a sluggish 2022. The Global Trade Update, published today by the United Nations Conference on Trade and Development (UNCTAD), found that the total value of global trade hit $28.5 trillion in… Continue reading Global trade hits record high of $28.5tn in 2021, but will flatline in 2022, says new UNCTAD report
TFG announces new media partnership with ICISA Surety Week 2022
Trade Finance Global (TFG) is pleased to announce that it will act as a media partner for the ICISA Surety Week 2022, a new event from the International Credit Insurance & Surety Association (ICISA).