December 15: Contour, the global trade finance network has today announced that HSBC has become the first full production member of the network following Contour’s commercial launch in October this… read more →
This article discusses the potential benefits of using blockchain technology for trade finance activities and highlights the significant challenges facing blockchain 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.
LONDON, September 17, 2020 – The global economy will lose up to $10 trillion in GDP in 2025 unless governments repeal or reduce tariffs and non-tariff barriers that currently obstruct… read more →
Brussels, 17 September 2020: SWIFT today announces that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a… read more →
Hong Kong/Paris/New York City (3 September 2020) – The International Chamber of Commerce, the institutional representative of 45 million businesses worldwide, has announced the creation of a new Advisory Group… read more →
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.
Cairo, 14 May 2020: – The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID 19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised of… read more →
ICC Banking Commission has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade.
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.
Today, a new independent global network to digitise and modernise the USD 18 trillion trade finance market has been launched under the new brand – Contour. The launch follows a… read more →
£47.6 million financing guaranteed by UK Export Finance, in boost to UK solar exports. UK-based solar energy company, Solarcentury, has secured new financing to build two of the largest solar… read more →