The MLETR (Model Law on Electronic Transferable Records) is a revolutionary solution that aims to transform the trade finance industry by providing an open framework for digitising trade documentation.
Category: Technology
ICC DSI releases Trust in Trade report exploring technological mechanisms to establish digital trust
The geographically dispersed nature of international trade creates inherent difficulties when it comes to trusting a counterparty that may be located on the opposite end of the world.
5 industry priorities for digital negotiable instruments
Dubai’s undeniable growth in trade, logistics and the financing of international commerce has made it one of the most desirable trade destinations in the world. This is why I invested more time with members of the ITFA Middle East committee in 2022.
Lloyds Bank and Enigio partner to increase trade digitisation
Lloyds Bank and Enigio have formed a new long-term partnership to increase the use of digital documentation in trade finance through blockchain technology. With this partnership, Lloyds Bank and Enigio will look to widen the application of Enigio’s trace:original solution for digital original documents, including promissory notes, bills of exchange and bills of lading. It… Continue reading Lloyds Bank and Enigio partner to increase trade digitisation
How blockchain-based facilities can close the $2tn global trade finance gap
Persistent structural gaps within and between the world’s economies will decisively influence trade in the years ahead. This was one of the key findings in the latest Future of Trade report.
ICC DSI: 7 key trade documents for digitalisation
The 52-page ICC DSI report identifies and defines the key data elements held within each of the seven identified key trade documents: namely, the certificate of origin, customs declaration, packing list, bill of lading, commercial invoice, warehouse receipt, and insurance certificate.
UNCTAD report: Spurred by growth in green goods, global trade reaches $32tn in 2022
Defying negative economic conditions and global market volatility, global trade still reached an all-time record of $32 trillion in 2022. However, growth turned negative in the second half of the year and is projected to stagnate in the first six months of 2023. Despite the uncertainties, according to the United Nations on Trade and Development’s… Continue reading UNCTAD report: Spurred by growth in green goods, global trade reaches $32tn in 2022
VIDEO | Finastra – Compliance, digitalisation, and ESG: navigating emerging trends in trade finance
To learn more about some of the emerging trends in the trade finance ecosystem, Trade Finance Global (TFG) spoke with Elena Sankova, global solution consultant and head of European pre-sales for working capital and cash management at Finastra.
VIDEO | Lord Holmes – the enactment of the Electronic Trade Documents Bill, what next?
While at the ITFA and BCR: Trade & Investment Forum 2023, Trade Finance Global’s Deepesh Patel was happy to sit down and talk to Lord Holmes of Richmond MBE to discuss what the UK government is doing to support this digital transition.
The outlook for trade and investment in 2023 – how the market is changing for trade assets
This past week, Trade Finance Global (TFG) stopped by the inaugural ITFA and BCR: Trade & Investment Forum 2023 to learn more about making trade an investible asset class.
Details and implications of the Silicon Valley Bank collapse
In the largest banking collapse since the 2008 financial crisis, US regulators were forced on Friday to take over control of Silicon Valley Bank (SVB) – a prominent lender to tech start-ups, providing financing for almost half of US venture-backed technology and healthcare companies.
DCSA member carriers’ commitment to eBLs will advance trade digitalisation
Nine ocean carriers recently committed to 100% adoption of an electronic bill of lading (eBL) by 2030, with a waypoint goal of 50% adoption within five years. It is a significant step along the road to digitalisation, one that heralds a future for container trade processes that are simpler, more sustainable and more resilient.
PODCAST | From policy to practice: navigating the road to digital trade in 2023
Trade Finance Global (TFG) spoke with Pamela Mar, managing director at the ICC Digital Standards Initiative, to explore the key themes driving trade digitisation and their potential impact on trade and trade finance in 2023.
Kyriba and Jiko expand access to T-Bills through investment app
Kyriba Corp, a cloud-based finance and IT solutions firm, and Jiko, a vertically integrated financial institution offering its clients real-time programmatic access to the yield and safety of T-bills, today announced a strategic partnership. Kyriba’s customers can use Jiko’s flagship Money Storage product directly from Kyriba’s Liquidity Management platform. Through this new capability, Kyriba’s clients… Continue reading Kyriba and Jiko expand access to T-Bills through investment app
Santander and SalesForce to help UK SMEs reach global markets
Global CRM firm Salesforce has announced that Santander UK is using its technology to power Santander Navigator to help UK businesses expand internationally. It is a digital platform launched in 2022 which brings together an international ecosystem of expertise and knowledge to help businesses overcome trade-related obstacles. These features are delivered via one “easy to… Continue reading Santander and SalesForce to help UK SMEs reach global markets