TFG caught up with Iain MacLennan, Head of Trade & Supply Chain Finance at Finastra, on the key trends in trade and supply chain finance in an era of uncertainty and geopolitics, in preparation for the World Trade Symposium which will be held in New York on the 6th and 7th November.
AGTB: New kid on the block. TFG heard from Daniel Gould, Deputy CEO of Anglo Gulf Trade Bank, and its new digital offering for trade finance in the UAE and MENA region. Building a trade bank from scratch without relying on legacy technologies has enabled AGTB to reimagine trade finance, building a competitive product for the corporate banking space.
New York – 19 September, 2019 – Bank of America announces that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.
September 11, 2019 (Dubai / London) – National Bank of Fujairah PJSC (NBF), one of the
leading bank in the Middle East announced today that it has become a member of the Marco
Polo Network, the largest and fastest growing trade finance network.
The Marco Polo Network and Standard Bank Group announced today that Standard Bank has joined the Marco Polo Network, the largest and fastest growing trade finance network focused on bringing unprecedented efficiencies to trade financing.
Brazil’s Banco Bradesco is the latest bank to join Marco Polo, the largest and fastest growing trade finance network powered by Corda blockchain technology to bring significant efficiencies in financing trade and working capital
Commerzbank and LBBW are pioneering with Voith and KSB in the digital transformation of trade finance solutions