Transitioning from documents to pixels, from cash to virtual payment gateways, and from local markets to international ones, the sweeping transformation of global trade into the digital world is redesigning the trade finance ecosystem. The alliance between ClearEye and J.P. Morgan represents the metamorphosis of the future of trade finance digitisation.
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 export credit agencies (ECAs) of the United Kingdom and Japan have inked a Memorandum of Understanding (MoU) to bolster their collaborative efforts on global projects. This move aims to… 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.
In its largest single-period increase since its inception, the Asian Development Bank’s (ADB) latest Trade Finance Gaps, Growth, and Jobs Survey indicates that the trade finance gap in 2022 rose to $2.5 trillion, up from $1.7 in 2020 and $1.5 trillion in 2018.
The FIT Alliance, formed of BIMCO, DCSA, FIATA, ICC, and Swift, has initiated the “Electronic Bill of Lading Declaration” to enhance the efficiency, reliability, sustainability, and security of global trade through the use of electronic Bills of Lading (eBLs).
In the wake of the pandemic, the global economy has seen a confluence of challenges, including geopolitical risks, interest rate changes, and commodity price fluctuations.
From payments, credit and lending, to trade and supply chain finance, the entire financial services industry is being disrupted. Regulatory requirements, industry standards and the environmental, social, and governance (ESG) agenda have accelerated.
90% of world trade – from bulk raw commodities to breakbulk and finished goods – is moved on approximately 60,000 trading ships, crewed by about 1.5 million seafarers. To most traders, the potential risks associated with any one of these vessels is an unknown.
Cargill and BAR Technologies’ latest innovation, BAR Tech WindWings by Yara Marine, has set sail. This technology aims to cut cargo ship emissions by up to 30%. Amidst the global… read more →
In part 1 of this interview, Morgan Lépinoy, Managing Director of Viatrans broke down how container deposits are creating deep structural issues for the shipping and logistics industry in Africa, and what Viatrans is doing to help mitigate these challenges.
India’s federal government has greenlit a 580 billion rupee ($7 billion) initiative to introduce 10,000 electric buses in 169 cities over the next ten years. The scheme also encompasses the… read more →
Although there is widespread support for ESG initiatives and a large proportion willing to prioritise positive environmental and social impacts over financial returns, Standard Chartered’s research reveals that many companies still haven’t made concrete sustainability commitments or set targets.
Yesterday, 14 August, the UK government unveiled a new “one-stop shop” aimed at assisting small businesses in their efforts to lower carbon emissions. The UK Business Climate Hub represents a… read more →
Allen & Overy’s tech innovation hub, Fuse, has welcomed Enigio into its current cohort. The two companies are working together to accelerate the digitalisation of trade finance, given the importance… read more →