Existing systems are woefully inefficient, siloed or still paper-based and many of them have not improved for decades. The Marco Polo Network is working with Financial Institutions, Corporates and Technology & Service Providers to remove the barriers preventing them from operating at their best.
London, 1st October 2019. Trade Finance Global (TFG) are delighted to announce the launch of Trade Finance Talks TV.
Singapore-based Finaxar, announces the partnership with Global eTrade Services (GeTs), a global trade platform company. Finaxar provides its unique Lending-as-a-Service to financial institutions, trade and e-commerce platforms using data-driven methods to provide the fast, tailored financing solutions for SMEs.
Standard identifiers are playing an increasingly important role in finance and trade globally. TFG’s Deepesh Patel heard from Richard Young at FIGI (Bloomberg).
Distributed Ledger Technology (DLT) has been around for several years and has its roots in the world of cryptocurrencies, often referred to as Blockchain. Having brought some very interesting opportunities to the Banking market, attention was sparked in other industries such as Insurance, Healthcare, Shipping, Supply Chains, Manufacturing and Trade Finance.
The Asian Development Bank (ADB) has released the results of the 2019 rendition of their annual Trade Finance Gaps, Growth, and Jobs Survey. ADB’s vast network of respondents includes 112 banks from 47 countries, 53 export credit agencies from 17 countries, 39 forfaiters from 20 countries, and 336 other firms from 68 different countries around the globe.
The next generation of technology-led financial services innovators are disrupting the industry in a big way, and TFG’s Deepesh Patel caught up with Natalie Ceeney CBE, Chair of Innovate Finance, at WCBI.
Trade Finance Global (TFG), announces that it joins Innovate Finance, the leading UK industry body and independent membership association for FinTech.
It has finally started to happen in Trade Finance business domain when it comes to application of emerging technologies helping to create new ways of approaching the old business processes. The old way of working has created many challenges for global trade in addition to political protectionism now also generating stress to exchange goods and services internationally. The additional challenges may be listed as lack of trust and true global interoperability as well as local and regional political agendas and regulations.
Simplifying and standardising trade finance faces a myriad of challenges but is necessary to enable open, secure trade finance. I caught up with Harri Rantanen at SEB to find out more about the objectives and mission behind Standardised Trust.
Flexport’s unique visibility into client shipments down to the SKU level through its digital platform provides them with a unique perspective on risk relative to banks offering financing. This insight… read more →
TFG spoke to Mitigram’s CEO Milena Torciano, who just raised a Series B round of financing, worth 100SEK ($10.7m USD) from Sampo, on their ambition to become the Bloomberg of trade and digitise trade flows.
East and Partner’s Martin Smith and Simon Klein discusses emerging Australasian trade finance trends and approaches to capitalize on them. Voice of the Customer Analytics In the face of global… read more →
Bank of America Merrill Lynch’s Baris Kalay explores what it takes to implement a successful supply chain finance program.
The use of distributed ledger technology in the trade finance space is moving fast.
Today’s DLT-trade ecosystem can be sectioned into a series of eight major consortia and networks that are taking strides in various areas of the space.