It’s easy to think that having to adapt to external circumstances will have a negative impact but many firms have used this opportunity to re-think and reset processes, and actually improve how they operate.
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 has provided us with an opportunity for a reset, and so has the ICC’s leadership at the Banking Commission. TFG’s editor, Deepesh Patel, sat down with Lynn Ng, the ICC’s new Banking Commission chair, to discuss the ICC’s new governance strategy moving forward, and some of the key priorities for the Banking Commission.
TFG, today announced a media partnership with the International Trade and Forfaiting Association (ITFA), for the 47th Annual International Trade and Forfaiting Conference.
The International Chamber of Commerce (ICC) Banking Commission recently announced a single Steering Committee for its work on trade, supply chain and export finance, comprising one Chair and 12 Vice-Chairs.
Trade Finance Global (TFG) – the leading trade finance platform – has expanded its team with three new hires, to support the growth of the business across education, digitalisation and marketing.
President of EBRD, Odile Renaud-Basso, spoke with TFG about COVID-19, sustainable trade and the gender gap in finance for City Week 2021.
Owing to the pandemic, eUCP Version 2.0 and eURC Version 1.0 rules created by the ICC have received increased interest over the past few months. There is a growing realisation by practitioners that paper documents are causing delays and disruption.
The 2nd edition of ITFA’s manual on digital negotiable instruments, produced in collaboration with members of the DNI Initiative and TFG is here!
In partnership with ICC Austria, Trade Finance Global’s Editor, Deepesh Patel, hears from Kwabena Ayirebi from AfreximBank and Isaac Mahanke from Standard Bank about trade digitisation, compliance and risk in a post-COVID-19 world.
The need for trade finance digitization has never been clearer. In today’s pandemic-ravaged landscape, banks face multiple challenges, including the legislative shift to digital trade documents and growing regulatory scrutiny, changing customer behaviour and increasing competition in the form of trade finance investment funds.
ITPP 2021 is launching later this month. The ITPP is the only opportunity for the future leaders of trade finance to assert themselves and develop professional skills, understanding and reputation.
By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.
By understanding how paper documents work, we explore whether trace:original by Enigio, is an alternative way of approaching digital trade.
Banks can play a frontline role in closing the sustainable trade finance gap and supporting a green recovery post-COVID-19 by embedding ESG checks, fostering collaboration and inclusion, and mainstreaming digital solutions.