To learn more about UNCITRAL and the efforts to support the regulatory environment around digital trade, Trade Finance Global (TFG) spoke with Luca Castellani.
Category: Technology
ADB and Nhava Sheva Freeport Terminal Private Limited sign a $131m loan to enhance international trade
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) signed a $131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal located in Navi Mumbai Maharashtra to enhance international trade in India through efficient, transparent, and state-of-the-art logistics infrastructure. The financing package comprises $61.4 million from ADB’s ordinary capital resources… Continue reading ADB and Nhava Sheva Freeport Terminal Private Limited sign a $131m loan to enhance international trade
EU and partner countries join forces to promote sustainable trade
The European Commission, EU Member States, and 26 partner countries will launch “The Coalition of Trade Ministers on Climate”, the first Ministerial-level global forum dedicated to trade and climate and sustainable development issues. The coalition will foster global action to promote trade policies that can help address climate change through local and global initiatives. The… Continue reading EU and partner countries join forces to promote sustainable trade
DeFi in trade finance: Fulfilling the promise of globalisation
The shift to a more digital form of globalisation changes who is participating, how business is done across borders, and where the economic benefits are flowing. This creates a new paradigm where not only large corporates, but also retailers, SMEs, and individuals can use international payments, integrated commerce, or trade interfaces regularly.
Allianz Trade, Santander CIB, and Two announce new payments partnership
Allianz Trade, a trade credit insurance company, Two, a business-to-business (B2B) e-commerce payments platform, and Santander Corporate & Investment Banking (CIB), a trade finance bank, have partnered to provide the first global B2B Buy Now Pay Later (BNPL) solution for large multinational corporates. The companies have combined Allianz Trade’s more than 100 years of experience… Continue reading Allianz Trade, Santander CIB, and Two announce new payments partnership
Tradetech predictions for 2023
Iain MacLennan, VP of product management and trade at Finastra, and Patrik Zekkar, CEO of Enigio, Patrick DeVilbiss, head of product at CGI and Alisa DiCaprio, chief economist at R3, provided us with their predictions for the trade technology landscape in 2023.
Global trade finance – reasons to be hopeful in 2023
In TFG’s conversations with industry experts, we have learned quite a lot about trade volumes and commodities, trade technology, and trade credit insurance. While there is plenty of uncertainty regarding the global outlook in 2023, it is clear that there are many areas of optimism for international trade.
2022 – A Year in Review with Trade Finance Global
What a year it has been for Trade Finance Global. We took the time to review over 500 pieces of content to bring you the most popular themes, articles, podcasts, and videos.
PODCAST | ‘22 in 22 minutes
There is little doubt that 2022 has been an unprecedented year and for better or for worse, there has been a lot that has happened in the trade, treasury, payments and supply chain spaces.
Bank of Africa adopts NetGuardians’ AI software to enhance internal and payment fraud prevention
NetGuardians, a Swiss enterprise risk platform, specialising in combating financial fraud, has announced that Bank of Africa will use NetGuardians’ fraud prevention software to further safeguard its assets and branches in Morocco against internal and payment fraud. NetGuardians works with banks to protect more than $7 trillion in assets from fraudsters and was listed as… Continue reading Bank of Africa adopts NetGuardians’ AI software to enhance internal and payment fraud prevention
Tradetech and deep tier financing: How emerging technology can help supply chains meet ESG standards
Alex Gray, head of trade finance at The London Institute of Banking & Finance, explains why the staff at trade banks will have an important role to play in gathering and utilising ESG data from supply chains
UKEF provides £900k to Atlancis for growth opportunities in Africa
UK Export Finance (UKEF) has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to forge a new relationship with UK exporter Vespertec to unlock growth opportunities in Africa. A Standard Buyer Loan Guarantee was offered by UKEF to guarantee an export credit loan from Apple Bank, supported by its UK… Continue reading UKEF provides £900k to Atlancis for growth opportunities in Africa
URTEPO: ITFA releases new rules covering electronic payment obligations
ITFA has announced the release of Uniform Rules for Transferable Electronic Payment Obligations (URTEPO), a unique set of rules that cover electronic payment obligations. Digitalisation and accompanying changes in the law are now offering new ways to both create or re-create traditional trade finance instruments in digital form as well as use new ways to… Continue reading URTEPO: ITFA releases new rules covering electronic payment obligations
Digital fuel monitoring lays the groundwork for decarbonising mines sites
Recognition at the COP27 climate summit that “old economy” minerals are critical to the global energy transition brings new demands for the extractive industry to track their own emissions if they are to meet internal pledges to decarbonise.
UKEF backing of £600m helps Ford on its path to net zero
UKEF backs Ford through its electric vehicle production line expansion, working towards its 2035 net zero plan. Ford has doubled down on its commitment to the UK as its European hub for electric vehicle powertrain production, thanks to £600 million of backing from UK Export Finance, supporting high-skill manufacturing jobs. The investment is part of… Continue reading UKEF backing of £600m helps Ford on its path to net zero