It’s hard to ignore the continued growth and influence coming out of Asia for trade. Asia’s trade growth continues to surge, with the Asian Development Bank (ADB) forecasting 5% growth in 2024, driven by strong domestic demand and recovering exports. Regional integration and modern trade agreements are enhancing resilience in key sectors like food and technology. Asia also benefits from rising demand for tech exports, particularly semiconductors, driven by AI. However, risks such as geopolitical tensions and protectionism remain.
Amazon announced on Wednesday, 16 October it had signed three new agreements to support the development of nuclear energy projects to power its data centres in the US. The technology… read more →
The firm is has been majority-owned by Santander since 2020, and offers cash and foreign exchange risk management services in over 130 currencies. It also services cross-border payments. The company first… read more →
In recent years, e-invoicing has transformed from a behind-the-scenes process into a cornerstone of tax compliance and business operations worldwide. Originally introduced in the early 2000s as a method for… read more →
In an era of complex global transactions and stringent compliance measures, the question of how much information is too much arises. In trade finance, compliance, regulatory, and fraud-prevention checks are increasingly demanding, and while access to data has never been greater, the challenge remains: how do we make sense of it all?
The founder of a small business, built from the ground up, receives a call from someone representing the financial technology company they bank with. The caller says that some transactions on her company account have been blocked and that they need her security information.
With the trace:original solution, companies can replace paper documents with electronic original documents which are equally legally compliant. The patents enable the creation of freely transferable electronic documents under the… read more →
Everyone loves a first birthday party. The Electronic Trade Documents Act (or ETDA as it is affectionately known) celebrates that milestone on 20 September 2024. Whilst 12 months is barely a beat in the life of a statute, now nonetheless seems like an appropriate moment to reflect on its progress to date.
Swift, the global financial messaging system, has partnered with Wise, the international money transfer company, to expand cross-border payment options for financial institutions and their customers worldwide.
The International Trade and Forfaiting Association (ITFA) has been facilitating global trade finance by connecting various stakeholders, fostering collaboration, and driving innovation.
