HSBC

Your morning coffee briefing from TFG. Japan’s economy starts to show signs of growth after being slow to bounce back from the Covid-19 pandemic, shipping bottlenecks set to prolong supply chain turmoil, economies in Latin America and the Caribbean are urged to boost resilience in the face of commodity price hikes, HSBC is the first bank to join Walmart’s inclusive financing initiative and the UK signs historic partnership with CABEI.

The two-day BCR Publishing Supply Chain Finance Summit got underway this morning, boasting important names from the supply chain finance sector and banks including HSBC, Lloyds and ABN AMRO. What… read more →

City Bank has become the first Bangladeshi bank to execute a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology.

Announced: latest confirmed speakers for the UK-Japan Free Trade Summit: A Shared Political, Economic and Financial Vision for Mutual Benefit (20 January).

Your Monday morning coffee briefing from TFG. Talks between the UK and the EU on their future relationship continue without a breakthrough, and the UK government placed London and much of South East England under tier 4 restrictions.

The present article discusses the potential benefits of using blockchain technology for trade finance activities and highlights significant challenges facing the blockchain’s adoption

The age old problem of document digitization in trade has probably been around since goods were traded using stone tablets in the Mesopotamian era. So who’s making a dent using blockchain / distributed ledger technology? From the updated WTO / TFG periodic table of projects in trade, we reveal 12 projects tackling this head on.

Trade finance has been undergoing a digital revolution for decades. But the advancement of new technologies such as blockchain and distributed ledger technologies (DLT) have accelerated this. A recent 2020 study by TFG and WTO shows 12 initiatives using DLT in trade finance (both open account and documentary trade).

SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) today signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally.

As part of our strategic partnership with City & Financial Global, TFG are delighted to announce that we are supporting them at their flagship virtual conference in September – Trade Finance Innovation and Regulation Summit.

If regulators and established FIs are to place their faith – and their capital – in Blockchain, it must have a financial crime control framework to match efficiency of the solutions blockchain offers.

ICC Banking Commission has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade.

The coronavirus focus in the last week has largely been around the provision of PPE, as well as MDBs providing continued economic support to businesses

The ITFA Emerging Leaders initiative is the corollary of the industry’s understanding of how important it is to portray trade finance as an exciting, vibrant and dynamic essential component of the financial services sector.

Last week HSBC announced that it had settled over three million foreign exchange transactions since the launch of ‘FX Everywhere’ in the last year. A move to orchestrate cross-border FX… read more →