Open account business drives economic activity worldwide, and during times of volatility, uncertainty and of course, the pandemic, the need for solutions when it comes to receivables finance has never been more pronounced.
COVID-19 puts international trade to a halt following the closure of the Ningbo-Zhoushan port in China and causing a global microchip shortage. There are other unanticipated issues to account for, such as the Suez Canal blockage.
Prime Minister Boris Johnson has appointed ten Trade Envoys who will boost British business in dynamic markets such as Australia, Brazil and Canada. These Trade Envoys are set to promote… read more →
World trade of goods has declined some 12% in the last year, representing a loss of $22 trillion USD of trade. Is it all doom and gloom for trade, or will we see a resurgence?
Surecomp® is one of the first technology providers to successfully secure the 2021 SWIFT certification. Surecomp secured this label for its flagship trade finance solutions to support the processing of… read more →
The World Economic Forum/Ipsos’s latest survey on globalisation has found that 1 in 2 is unsure about the benefits of globalisation. Globalization questioned by almost half of those surveyed, with… read more →
Finastra’s global trade and supply chain booking engine and processing solution, Fusion Trade Innovation, is recognised for supporting SWIFT SR2021 standards release ahead of changes to Category 7 type messages… read more →
UK Export Finance (UKEF) announced a new partnership with the Central American Bank for Economic Integration (CABEI) that will support the development of infrastructure, clean energy and construction projects in… read more →
What is trade? Why is trade important? How does it work? What is the role of major trading institutions? What is a trade deficit? Find all the answers here!
Today’s IPCC report warns that temperatures are very likely to reach 1.5°C of warming by 2050. But what could this mean for global trade, trade finance and supply chains?
