In addition to the joint sanctions placed on Moscow by the UK and other NATO countries in February, Office for National Statistics (ONS) figures have confirmed that UK private energy firms no longer import any oil or gas from Russia.
Cross-border payments are at the core of international finance and economic activity and it have undergone dramatic changes over the past fifty years.
The last decade has seen a substantial change in global trade bank attitudes towards innovation and collaboration.
With the trade finance gap at an all-time high, some tech companies are creating novel solutions to help combat the wide-scale fraud that has challenged the sector for many years, making it a more attractive space for lenders once again.
TFG spoke to Jesse Chenard of MonetaGo to find out more.
Correspondent banks are a key part of cross-border payments facilitating the flow of trade between different jurisdictions.
TFG’s Deepesh Patel interviewed the new VP to learn what led her to BAFT, her view on fighting financial crime, and her insights into the progress made in the payments space.
Female-owned export companies are being unfairly excluded from receiving trade finance loans, and more needs to be done to remove gender bias from the decision-making process, according to experts at this year’s World Trade Symposium.
On Wednesday, the Russian gas exporter and bank Gazprom suspended gas flows to Poland and Bulgaria as the firm did not receive payment from the countries in roubles.
Your morning coffee briefing from TFG: UK manufacturer secures £2 million export contract
Finastra has announced that its Fusion Trade Innovation and Fusion Corporate Channels have been selected by Banque Misr – the second largest national bank in Egypt – to digitalize its trade finance services and provide… read more →
