Australia
Hong Kong
India
Japan
Singapore
United Arab Emirates
United States
France
Germany
Ireland
Netherlands
United Kingdom
Despite most industries witnessing digital leaps forward over the past decade, the world of trade has kept its focus on paper-based documentation. In fact, trade documents such as promissory notes, bills of lading, and performance bonds have remained relatively unchanged for centuries.
The financial services industry is constantly changing, and the pace of change is accelerating rapidly, especially for the payments sector. The industry has witnessed many shifts: from the barter system to cash, from cheques to cards, and from cards to digital banking and payments.
ESG is certainly not a new development, but its growth and importance in financial services have never been higher. Whilst there has been a big focus on the “E” in ESG, we’re also seeing a lot of progress in tackling other aspects, such as social action to address societal challenges. One of the biggest social challenges in global trade is the huge, and growing, finance gap.
At the International Chamber of Commerce (ICC) UAE’s Trade Facilitation Summit, Trade Finance Global (TFG) spoke with Steven Beck, head of the trade and supply chain finance program at the Asian Development Bank (ADB).
To learn more about how the trade credit industry is building further resilience, Trade Finance Global’s (TFG) Deepesh Patel spoke with Marc Meyer, SVP subject matter expert, Tinubu at ExCred International’s London conference.
To learn more about some of the emerging trends in the trade finance ecosystem, Trade Finance Global (TFG) spoke with Elena Sankova, global solution consultant and head of European pre-sales for working capital and cash management at Finastra.
In order to communicate with each other, banks use a messaging system called SWIFT (Society for Worldwide Interbank Financial Telecommunication), which provides a standardized and secure way to exchange information. There are several different types of SWIFT messages that banks use for various purposes.
As more companies look for ways to expand into new markets, surety bonds provide a valuable safeguard and financial advantage.
As we move into 2023, it will be crucial for solution providers to adapt and collaborate in order to seize the opportunities presented by digitisation for game-changing value creation.
There is little doubt that 2022 has been an unprecedented year and for better or for worse, there has been a lot that has happened in the trade, treasury, payments and supply chain spaces.
Trade Finance Global (TFG) are delighted to have had the opportunity to speak with Liliana Fratini Passi, Managing Director, CBI, for further insight into the situation.
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.
