Mastercard has launched an ambitious new service to speed up commercial cross-border payments in light of surging international trade flows.
Africa’s population has swelled to account for around 17% of the world’s population. Over the same period, according to figures from the African Development Bank (AfDB), Africa’s share of global trade has decreased from 4.4% to just 3%. This paradox, in part, is the result of a lack of access to and awareness of trade finance solutions from banks on the continent.
Gender diversity in trade finance and transaction banking remains a significant challenge. As the industry grapples with this gender gap, innovative approaches will be necessary to foster a more inclusive… read more →
The traditional, paper-heavy processes that once dominated the trade finance industry are now being replaced by innovative, automated systems designed to streamline operations, enhance efficiency, and reduce costs. This digitalisation… read more →
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.
The assessment tool, unveiled on Thursday 17 October by the ICC’s Digital Standards Initiative (DSI) in partnership with Canada’s Digital Governance Council, aims to facilitate the adoption of Electronic Transferable… read more →
The International Investment Summit, held in London on Monday 14 October, saw Starmer pledge to industry leaders to remove regulation and red tape, to improve trade. Against the backdrop of… read more →
Managing General Agents (MGAs) have emerged as an important component in the ecosystem, offering specialised expertise and flexibility. This new model of insurance providers helps to bridge the gap between insurers and the businesses they protect.
To learn more about reverse mentoring and other approaches to closing the gender gap in trade finance, Trade Finance Global (TFG) spoke with Rita King, Managing Director and Head of Institutional Trade Sales at Lloyds Bank.
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?
