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It’s around two weeks until the SWIFT Standards Release 2021, which is one of the items seemingly on everyone’s lips.

If your work involves international trade transactions, you will find that one of the most common and useful SWIFT Codes that you will encounter is SWIFT code MT 754.

Banks and fintechs have not always been the closest playmates, but ITFA’s Andre Casterman is on a mission to help them work together.

SWIFT is a communication platform that allows members to connect and exchange financial messages securely and reliably.

Partnership with SWIFT enables integrated cross-border payments tracking

Tech giant IBM is teaming up with fintech startup MonetaGo to address trade finance fraud, with an initial focus on South East Asia. 

World trade is central to economic growth and as we emerge from the pandemic, trade is paramount in enabling the global economy to recover. Is the time really now, for digitising trade, and how can advance the dialogue to reduce friction, costs and risk?

The TFG / Finastra’s tradecast will explore how corporates are reacting to new levels of volatility, and ultimately, how technology and innovation can help build inclusive, resilient global value chains.

Your Monday morning coffee briefing from TFG. UK and Indonesia strengthen trade ties launching the Joint Economic and Trade Committee. Global trade could grow 8% as COVID fightback begins and WTO details impact of regulatory barriers, other factors on costs to trade

By understanding how paper documents work, we explore whether trace:original by Enigio, is an alternative way of approaching digital trade.

Your Monday morning coffee briefing from TFG. A container ship ran aground, blocking the Suez Canal which carries about 12% of global maritime trade. The blockage may take some time to clear, further disrupting global shipping, already beset by high freight costs and delays caused by the pandemic.

More than 90% cost savings could be possible from using distributed ledger technology to handle authoritative digital original documents

A three pillar approach to achieving a more sustainable and inclusive future for global trade

Digitalising these documents may seem like a bridge too far for some banks, but the risks of not investing in these technologies are comparatively greater.

This is not the time to be imposing trade sanctions, it is the time to be lifting trade restrictions and easing tariffs on essential goods. – Simon Paris