Membership agreement enhances Standard Chartered’s benchmarking and modelling capabilities and strengthens Global Credit Data’s international coverage
TFG spoke to Mitigram’s CEO Milena Torciano, who just raised a Series B round of financing, worth 100SEK ($10.7m USD) from Sampo, on their ambition to become the Bloomberg of trade and digitise trade flows.
The Telegraph’s ‘Future of Trade and Export’ conference sought to explore ‘new opportunities in international trade policy, finance and technology’.
Trade Finance Global caught up with Charles Nahum at Finacity, looking at the state of the trade receivables securitisation markets in 2019
Coriolis CEO and author of ‘The Weaponization of Trade’ Dr. Rebecca Harding discusses the US-China trade war and the new standards that it is bringing to trade.
Fourteen leading global financial institutions have launched the Trade Finance Distribution (TFD) initiative to use technology and standardisation for the wider distribution of trade finance assets.
The Chinese government has invested billions in the telecom equipment manufacturer Huawei. In addition to being the world’s second largest smartphone manufacturer, the Chinese company supplies low-cost telecom equipment to much of the world, including many rural wireless providers in the U.S. A recent trade ban on Huawei’s equipment endangers the health of many small telecom businesses that operate in rural areas.
SWIFT – The Society Worldwide Interbank Financial Telecommunication was founded in 1973 and has been the global standard for financial messaging between banks ever since. The messaging service is used by over 11,000 banks and institutions across 200 countries and have sent over three billion financial messages so far in 2019.
The fintech sector is making global news every day. New initiatives and innovations, from technology to advanced financial processes, stock and commodity trading, and more are the currency of this transformation.
The ecosystem of cross border trade can be a complex one, and a level of assurance is needed to ensure proper levels of trade can be reached as efficiently as possible. A Bill of Lading, sometimes shortened to B/L acts as such assurance, as when issued by a carrier of goods it presents acknowledgement of the receipt of the cargo for shipment.
The use of distributed ledger technology in the trade finance space is moving fast.
Today’s DLT-trade ecosystem can be sectioned into a series of eight major consortia and networks that are taking strides in various areas of the space.
The Gartner hype cycle serves as a tool to help decision makers and investors gauge the actual current state of a technology in a given domain, separating its real-world utility from its surrounding hype and disillusionment. The cycle was first introduced in 1995 and has since served as an accurate representation of the typical progression of an emerging technology.
Why distributed platforms and networks can achieve global scale and adoption previously impossible with legacy technologies, architecture, and business models.
Consortia have become a common method for businesses to collaborate on the use of blockchain and DLT technology – which developed out of the technology underpinning cryptocurrencies such as Bitcoin. TFG heard from Deepesh Patel, and BCR’s Michael Bickers to find out more.
The superimposition of DLT into the trade and shipping space naturally brings about a major step towards the digitization of trade. The process of trade digitization, however, is still traversing a legislative grey area. In many jurisdictions, including the USA, there are currently no regulations or laws that recognize electronic negotiable instruments in lieu of their written counterparts. Overcoming this immense operating hurdle will be a key initiative to reaching the full potential of DLT in the trade space.