Over the last couple of years, we have seen an escalating development of digitalising trade. Fuelled by the obvious benefits, such as reduction of funding, courier, and administration costs, as well as the safety and speed of transferring trade documents digitally.
Transitioning from documents to pixels, from cash to virtual payment gateways, and from local markets to international ones, the sweeping transformation of global trade into the digital world is redesigning the trade finance ecosystem. The alliance between ClearEye and J.P. Morgan represents the metamorphosis of the future of trade finance digitisation.
In this episode of Trade Finance Talks, TFG’s Deepesh Patel was joined by Shirish Wadivkar, Global Head – Wholesale Payments & Trade Strategy at Swift, to uncover the conference’s core themes, the latest Swift initiatives, and strategies to prepare for Sibos 2023.
The United States, Saudi Arabia, India, and additional countries are in discussions about a potential infrastructure agreement that could reshape trade relations between the Gulf and South Asia. The proposal… read more →
A spree of military coups in fragile West and Central African states is raising concern of contagion to other regions and more stable countries. Military interventions can indicate sudden policy… read more →
The export credit agencies (ECAs) of the United Kingdom and Japan have inked a Memorandum of Understanding (MoU) to bolster their collaborative efforts on global projects. This move aims to… read more →
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).
The International Monetary Fund (IMF) has cautioned that global trade restrictions have almost tripled over the past four years, according to Gita Gopinath, IMF First Deputy Managing Director, as reported… read more →
In Q2 2023, the EU’s trade balance returned to a surplus position for the first time in six quarters, thanks largely to falling energy prices. The latest trade figures reveal… read more →
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.
On Wednesday, Switzerland announced new draft regulations aimed at reinforcing its anti-money laundering measures, making lawyers and consultants responsible for flagging risks and bolstering scrutiny of legal structures like trusts.… read more →
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.
Today the Border Target Operating Model for goods trade was published, detailing the timeline for the implementation of new controls aimed at enhancing UK biosecurity and establishing a world-leading border… read more →