The FIT Alliance, formed of BIMCO, DCSA, FIATA, ICC, and Swift, has initiated the “Electronic Bill of Lading Declaration” to enhance the efficiency, reliability, sustainability, and security of global trade through the use of electronic Bills of Lading (eBLs).
In the wake of the pandemic, the global economy has seen a confluence of challenges, including geopolitical risks, interest rate changes, and commodity price fluctuations.
From payments, credit and lending, to trade and supply chain finance, the entire financial services industry is being disrupted. Regulatory requirements, industry standards and the environmental, social, and governance (ESG) agenda have accelerated.
Since B2B can attract the most money, the focus quickly turned to helping the corporate treasurer, the SME, and the B2B space.
90% of world trade – from bulk raw commodities to breakbulk and finished goods – is moved on approximately 60,000 trading ships, crewed by about 1.5 million seafarers. To most traders, the potential risks associated with any one of these vessels is an unknown.
In part 1 of this interview, Morgan Lépinoy, Managing Director of Viatrans broke down how container deposits are creating deep structural issues for the shipping and logistics industry in Africa, and what Viatrans is doing to help mitigate these challenges.
ICC and Swift, the global leader in secure financial messaging services, have unveiled the first application programming interface (API) industry standards for bank guarantees and standby letters of credit. The… read more →
Allen & Overy’s tech innovation hub, Fuse, has welcomed Enigio into its current cohort. The two companies are working together to accelerate the digitalisation of trade finance, given the importance… read more →
Visa, and Conferma Pay, a virtual payment firm, have unveiled plans to bolster their ongoing partnership. Their primary focus is to refine Visa Commercial Pay, an array of B2B payment… read more →
Surety carriers have a unique opportunity to support the green transition, grow emerging industries, and promote sustainable financing practices. However, challenges must be addressed.
Last month, I found myself staying with a nomad family in a traditional yurt (‘ger’), 300km West of Ulaanbaatar, Mongolia, staring at the overwhelmingly star-filled night sky.
The Electronic Trade Documents Bill has today received Royal Assent, and is officially an act of law (the Electronic Trade Documents Act), promising to transform the way international trade is conducted electronically.
Back in January, Trade Finance Global (TFG) reached out to trade finance experts to pick their brains about what to expect in the industry in 2023. Entering the year, there was a lot of uncertainty surrounding the larger economic environment. Some people were optimistic, some people were pessimistic, but everyone was open about being unsure.
Micro, small and medium-sized businesses are the backbone of employment and economic growth in West Africa. How can short-term credit insurance help these businesses to grow and prosper?