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Your Monday morning coffee briefing from TFG, 16th October 2023.
Lloyds Bank has introduced a digital solution, which enables clients to obtain Direct Guarantees or Standby Letters of Credit, thereby enhancing the efficiency, safety, and security of their trading activities. … read more →
At Sibos Toronto, TFG’s Deepesh Patel spoke with Rogier van Lammeren, Managing Director, Head of Trade & Working Capital Products at Lloyds Bank, and Patrik Zekkar, CEO of Enigio.
Lloyds Bank published its “Trade Insights: The changing face of UK trade” report, offering a comprehensive analysis of the evolving landscape of UK trade. The report highlights the transformative changes… read more →
Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today [20 September 2023].
Monday, Lloyds Bank announced that they have invested €3 million in Enigio to help expand their use of digital documentation in trade. The €3 million investment will allow Enigio to… read more →
Lloyds Bank has initiated a strategic trade collaboration with UBS to bolster its global presence, aiding its UK-centric clientele to conduct business across 170 nations globally. Through this pact, the… read more →
The Electronic Trade Documents Act (ETDA) is soon to be granted Royal Assent and will be implemented two months thereafter. This Act is the result of years of dedicated effort… read more →
The International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instruments (DNI) Initiative Day, hosted in London on 12 July 2023, served as an important platform for the future of trade finance.
A new report by Lloyds Bank shows that UK businesses have an opportunity to flourish through exporting.
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.
