The Marco Polo Network and Standard Bank Group announced today that Standard Bank has joined the Marco Polo Network, the largest and fastest growing trade finance network focused on bringing unprecedented efficiencies to trade financing.
Today the completion of the world’s first integrated paperless trade transaction happened – in iron ore – involving Rio Rinto selling bulk iron ore to Cargill, who sourced the cargo… read more →
LBBW and Commerzbank have once again executed a trade transaction between Voith and KSB SE, via the Marco Polo trade finance network, built on R3’s distributed ledger technology (DLT) platform, Corda.
Global Credit data has just released a new report – the IFRS 9 Report – which demonstrates that banks’ expected credit loss estimates may vary by at least factor 4. Results from the study suggest that the IFRS 9 framework is yet to stabilise, given a significant degree of variability.
In July the pound continued its march lower as markets prepared for the prospect of a PM who would be more aligned with a no-deal Brexit outcome
IBM has partnered with Chainyard to launch a new blockchain network geared towards improving supplier qualification, validation, onboarding, and information management.
GEORGIA. 2nd, August 2019. TBC Bank Group PLC (“TBC PLC”) announces that its subsidiary, JSC TBC Bank (“TBC Bank”), has signed a Continuing Agreement for Reimbursement of Trade Advances (“CARTA”) with Citibank.
Cryptocurrency is taking the fintech world by storm, beginning with pioneering altcoin Bitcoin to emerging ones like Ethereum, Litecoin, and Ripple, among others. Social networking giant Facebook has also announced that it has funded the creation of Libra, which is their version of the cryptocurrency.
London, 31st July 2019. Trade Finance Global (TFG) are delighted to announce a media partnership with The London Institute of Banking & Finance for the 23rd World Conference of Banking Institutes (WCBI) on the 16th September 2019.
Boy Scouts and Girl Guides have the motto “be prepared.” This can also apply for currency. TFG heard from AFEX’s Trevor Charsley on the latest US dollar updates, including jawboning the dollar, and monetary easing from the ECB.
Two Raiffeisenlandesbanks go live with digital trade finance solution that will transform their end-to-end operations and intercept continuing business and market demands.
Flexport’s unique visibility into client shipments down to the SKU level through its digital platform provides them with a unique perspective on risk relative to banks offering financing. This insight… read more →
Reports find that there are extensive ties between british billionaire Sanjeev Gupta’s acquired bank, Wyelands and his family’s wider business empire, the GFG Alliance. This strong link is raising questions over how the bank is appropriating savers’ deposits.
Following on from Canada’s Chairmanship of the Agricultural Market Information System (AMIS), the International Grains Council has appointed Ms Nathalie Dubé, Minister-Counsellor, High Commission of Canada as its Chair for 2019/20.
Boris Johnson has now formally accepted the Queen’s invitation to form a government. TFG heard from leaders in trade, treasury, export and finance.