Last week, Dubai based TradeAssets announced the launch of a trade finance e-marketplace for banks. The banks, primarily Bangladeshi, are helping to bridge the gap in the secondary market for trade finance banks.
Just two days ago, Japanese financial institution Sumitomo Mitsui Banking Corporation (SMBC) announced a successful proof-of-concept (POC) using R3’s Marco Polo trade finance platform. SMBC has been participating in a… read more →
Bank Payment Obligation can act as a gateway for further trade finance technologies, says new Commerzbank whitepaper The whitepaper, “Leading the path of digital evolution” explains how increased market adoption… read more →
The Singapore arm of Standard Chartered announced yesterday the completion of its first blockchain based lend in Singapore, facilitating the shipment of chickpeas from Agrocorp International, based in Australia, to… read more →
Last week HSBC announced that it had settled over three million foreign exchange transactions since the launch of ‘FX Everywhere’ in the last year. A move to orchestrate cross-border FX… read more →