In December 2021, the Financial Accounting Standards Board (FASB) updated its accounting standards to boost transparency around supply chain finance (SCF). SCF is also known as reverse factoring, payables finance, or supplier financing arrangements.
To learn more about women in trade and how to overcome some of the challenges they face, Trade Finance Global (TFG) spoke with Anabel González, deputy director general at the World Trade Organization (WTO).
Global shipping is one of the most challenging sectors to decarbonise. The International Maritime Organization (IMO) has set out an ambitious goal to reduce the industry’s greenhouse gas emissions by 50% from 2008 levels by 2050, a target that will require the swift development of zero or low-emission fuels, new ship designs using cleaner technology, and climate-proof operations such as carbon efficiency optimisation initiatives.
Singapore and Australia share longstanding economic, strategic, and people-to-people ties, underpinned by the Comprehensive Strategic Partnership. These relations and multiple shared interests at regional and global levels have led them… read more →
A prominent point of discussion at the International Trade and Forfaiting Association’s (ITFA) 48th Annual International Trade and Forfaiting Conference in Porto has been the digitisation of trade finance––particularly after the challenges COVID-19 caused for a largely paper-based industry.
BNY Mellon, in collaboration with Aite-Novarica Group, today released a study examining commercial payment trends, finding that businesses are embracing a range of emerging digital tools such as real-time payments… read more →
Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to… read more →
Artificial intelligence-based (AI) automation can relieve banks of heavy compliance responsibility, according to Conpend’s new whitepaper ‘Navigating the complex sanctions landscape: letting AI take the strain’. The paper puts forward… read more →
BNY Mellon, in collaboration with Aite-Novarica Group, today released a report finding that financial institutions (FIs) servicing business clients are being disintermediated by fintech payment providers. But it also found that banks… read more →
HSBC has reduced the approval process for new receivables finance (RF) customers from 1-2 months to under 48 hours using a new technology platform. Using the new online application journey,… read more →
