According to Edwards, reducing the record-high $1.7 trillion USD global trade finance gap will be amongst the most important considerations facing the trade finance industry in 2023. The trade finance sector is developing several tools to address this issue.
The International Finance Corporation (IFC) and the Bank of Industry (BoI) have partnered to strengthen trade and boost access to finance for micro, small and medium-sized enterprises (MSMEs) in Nigeria.… read more →
The evolution of cross-border payments is more exciting than ever. However, for banks, the priority is to use the payment data for compliance and differentiation. So, get your data in order.
The International Chamber of Commerce (ICC) and Google have partnered to research the digital exports of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia to inform policy discussions and… read more →
To address the growing need for companies to provide frictionless cross-border payments, RBC has launched Swift Go. This new solution enables Canadian businesses to send cross-border payments of up to $10,000… read more →
To learn more about the cross-border B2B payments landscape, Trade Finance Global (TFG) interviewed Ben Ellis, global head of Visa B2B Connect.
November 17, 2022 saw the unveiling of the UK’s Autumn Statement. The plan hopes to create a more stable UK economy in light of the current global financial uncertainty.
UK Export Finance (UKEF) has launched a new product to help support small- and medium-sized enterprises (SMEs) through challenging market conditions. Attending the UK Trade & Export Finance Forum 2022,… read more →
Between Brexit, COVID-19, and supply chain disruptions, foreign markets do not look the most inviting for UK businesses.
Accenture released a report on findings from an online survey conducted to determine challenges banks are facing, both in retaining trade finance partners, as well as thwarting competition from fintechs.
Deep-tier supply chain finance can be a powerful tool in the ESG toolkit––but implementing this innovative financing approach will require overcoming some key barriers.
Virgin Money has been accredited under UK Export Finance’s (UKEF) General Export Facility (GEF) programme, allowing more businesses to access export finance support. Samir Parkash, the interim CEO of UKEF,… read more →