At Sibos, the topic of trade digitalisation was buzzing with discussion. However, in order for the industry to make significant progress, it’s essential for all stakeholders to align their efforts. Pamela Mar, Managing Director of ICC Digital Standards Initiative (DSI), is at the forefront of addressing this issue.
In a recent conversation at Sibos, Toronto, TFG’s Deepesh Patel sat down with Steven Beck, Head of Trade and Supply Chain Finance at the Asian Development Bank (ADB). Together, they explore the reasons behind the staggering expansion of the trade finance gap, which has now reached a staggering $2.5 trillion.
In a rapidly evolving world, where businesses are constantly seeking ways to streamline their operations and enhance efficiency, the trade finance sector is no exception.
Currently responsible for 3% of global greenhouse gas emissions, maritime transport must decarbonise whilst facing extensive costs and adverse economic operating environments, as well as increasing geopolitical risks.
As the Conservative and Labour Party Conferences are about to commence, new analysis underscores the urgent requirement for enhanced backing to assist UK businesses in manoeuvring through a crucial 15-month… read more →
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 →
Both CargoX and Enigio, who operate as independent providers of electronic trade document solutions, have jointly engineered and successfully demonstrated the ability to exchange original electronic trade documents. The document… read more →
Finastra today announced a multi-year global agreement with Microsoft focused on trade platform modernisation, building on the existing availability of Finastra Trade Innovation in the cloud. Delivering the full functionality of… read more →
High-interest rates and elevated inflation are pressing suppliers to reduce their cash-conversion cycles
Bank of America advances digital transformation in trade finance with CashPro Supply Chain Solutions
Bank of America is embarking on a multi-year initiative to digitise trade finance through its new platform, CashPro Supply Chain Solutions. Aimed at optimising working capital and streamlining processes, the… read more →
Over the last couple of years, we have seen an escalating development of digitalising trade. Fuelled by the obvious benefits, such as reduction of funding, courier, and administration costs, as well as the safety and speed of transferring trade documents digitally.
In this episode of Trade Finance Talks, TFG’s Deepesh Patel was joined by Shirish Wadivkar, Global Head – Wholesale Payments & Trade Strategy at Swift, to uncover the conference’s core themes, the latest Swift initiatives, and strategies to prepare for Sibos 2023.
The United States, Saudi Arabia, India, and additional countries are in discussions about a potential infrastructure agreement that could reshape trade relations between the Gulf and South Asia. The proposal… read more →
ADB’s flagship Trade Finance Gaps Survey returns for its eighth edition, confirming expectations that the global trade finance gap – unmet demand for trade financing – has worsened, reaching $2.5 trillion, an increase of 47% since the last stock-taking which pegged the gap at $1.7 trillion in 2020.