Thanks to the expansion of the financial dataset available, which is no longer only related to payments, we are witnessing the evolution of open banking towards open finance, a model in which authorised third-party providers have access to information provided by banks, subject to prior customers’ consent.
At the ITFA annual conference in Abu Dhabi, TFG’s Mark Abrams spoke with Nishit Kumar, Senior Director, Head of Loan Syndications and Distribution at Mashreq Bank, and Kamola Burikhodjaeva, Executive Director, Head of Americas Distribution at J.P. Morgan.
“None in particular” is the phrase most frequently heard from enterprises ranked in the top 100 for revenue across eight major global markets when asked which provider leads in digital… read more →
Digital trade finance platform Contour has announced its closure, citing insufficient funding from its bank shareholders. Operations will cease on November 30, leaving users a brief window to complete transactions and download essential data.
The European Central Bank (ECB) has announced further developments in its project to introduce a digital version of the euro. The Governing Council decided to advance to the next phase… read more →
In the realm of trade, treasury and payments, the quest for seamless transactions and the bridging of technological divides has taken centre stage. At Sibos 2023 in Toronto, the panel “Corporate to Bank APIs for Guarantees – Are we Future Ready?” focused on the role of standardisation in driving technological development for the industry.
To help drive digital adoption in trade, Stephenson Harwood, in alliance with Virtus Law LLP, has collaborated with Singapore’s Infocomm Media Development Authority (IMDA) to release an article, TradeTrust-enabled Electronic Bills of Lading – A legal and practical analysis of their use in global trade.
Sibos 2023, held this year in Toronto, allows industry stakeholders to come together to discuss industry trends and issues.
Lloyds Bank has introduced a digital solution, which enables clients to obtain Direct Guarantees or Standby Letters of Credit, thereby enhancing the efficiency, safety, and security of their trading activities. … read more →
In an era defined by lightning-fast technological advancements and an increasingly interconnected global economy, the cross-border payments market is undergoing a radical overhaul.
