In this episode of Trade Finance Talks, TFG’s Deepesh Patel was joined by Karin Oszuszky, Senior Investment Manager for Business Development at the OPEC Fund for International Development, during the European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Annual Conference in Vienna to discuss the OPEC Fund’s work in light of the latest trends and developments in trade finance and facilitation.
Category: SME Finance
SME Finance
Roundtable: What keeps the BAFT Global Trade Industry Council up at night?
Sibos 2023, held this year in Toronto, allows industry stakeholders to come together to discuss industry trends and issues.
VIDEO | Looking to the cloud, how big techs collaborate to push trade innovation
In a rapidly evolving world, where businesses are constantly seeking ways to streamline their operations and enhance efficiency, the trade finance sector is no exception.
Introducing Aida: TradeLedger’s GenAI solution to receivables and working capital management
Trade Ledger, in collaboration with Microsoft, announced the launch of Aida—a working capital analysis, product matching, and product application tool. Utilising generative artificial intelligence, Aida aims to change how small and medium-sized businesses manage cash flow. The product is set for release on Microsoft’s Commercial Marketplace in Q2 of January 2024. Aida uses Trade Ledger’s… Continue reading Introducing Aida: TradeLedger’s GenAI solution to receivables and working capital management
Afreximbank doubles intra-African trade finance to $40bn by 2026
The African Export-Import Bank (Afreximbank) plans to increase its funding for trade within Africa to $40 billion through a revolving fund by the year 2026. This development follows the bank achieving $20 billion in intra-African trade finance in 2021. According to a report by the National News Agency, the bank’s Executive Vice President, Mrs. Kanayo… Continue reading Afreximbank doubles intra-African trade finance to $40bn by 2026
VIDEO | Rethinking correspondent banking: The real implications of de-risking
For ages, correspondent banking has played a vital role in the global payments system. Through correspondent banking relationships, banks gain access to a diverse range of financial products across various jurisdictions enabling them to offer cross-border payment solutions and services to their customers.
PODCAST | How to prepare for Sibos 2023 – Updates from Swift
In this episode of Trade Finance Talks, TFG’s Deepesh Patel was joined by Shirish Wadivkar, Global Head – Wholesale Payments & Trade Strategy at Swift, to uncover the conference’s core themes, the latest Swift initiatives, and strategies to prepare for Sibos 2023.
ADB Report: Trade finance gap grows to $2.5tn, and sustainability remains a key strategy
ADB’s flagship Trade Finance Gaps Survey returns for its eighth edition, confirming expectations that the global trade finance gap – unmet demand for trade financing – has worsened, reaching $2.5 trillion, an increase of 47% since the last stock-taking which pegged the gap at $1.7 trillion in 2020.
Trade Finance Gap rises to $2.5 trillion USD – five key takeaways from ADB’s latest report on trade finance gaps, growth, and jobs
In its largest single-period increase since its inception, the Asian Development Bank’s (ADB) latest Trade Finance Gaps, Growth, and Jobs Survey indicates that the trade finance gap in 2022 rose to $2.5 trillion, up from $1.7 in 2020 and $1.5 trillion in 2018.
International expansion: Leveraging trade credit insurance in a post-Brexit, post-pandemic world
Sarah Murrow, CEO of Allianz Trade UK & Ireland, explains how trade credit insurance can help UK companies grow export revenues safely at a time of heightened credit risk.
New alliance T3i Partner Network LLP launches, driving innovation in trade, treasury and technology
T3i Partner Network LLP, a global alliance of experts in trade, treasury, and technology, has formally unveiled its inception, aimed at furthering advancements in the fields of trade finance and treasury. The network was established by four industry experts: Daniel Cotti, Shalini Lall, Michael Vrontamitis and Frank Wendt. They are backed by an inaugural group… Continue reading New alliance T3i Partner Network LLP launches, driving innovation in trade, treasury and technology
Bridging the trade finance gap: Absa’s digital journey in Africa
In the wake of the pandemic, the global economy has seen a confluence of challenges, including geopolitical risks, interest rate changes, and commodity price fluctuations.
G20’s vision for trade and investment: A deep dive
The G20 Trade and Investment Ministerial Meeting was held in Jaipur, India, on August 24-25, 2023. The meeting focused on the future of trade and investment in the wake of the COVID-19 pandemic and the war in Ukraine.
EU and EBRD partner with KredoBank to provide trade finance support to Ukraine
The European Union and the European Bank for Reconstruction and Development (EBRD) are backing food security and other key industries in wartime Ukraine through a new risk-sharing agreement in favour of KredoBank, a subsidiary of PKO Bank Polski. This arrangement will also broaden technical know-how and offer investment incentives to qualifying businesses. A risk-sharing agreement… Continue reading EU and EBRD partner with KredoBank to provide trade finance support to Ukraine
The game changer in Open Banking: B2B integration
Since B2B can attract the most money, the focus quickly turned to helping the corporate treasurer, the SME, and the B2B space.