Posts Tagged ‘KYC’

MSMEs around the globe struggle to obtain financing. Why do these MSME financing constraints exist and is a digital future providing new hope for all those firms that are struggling to stay afloat?

This article features two hot Know Your Customer (KYC) projects which are currently being deployed to fight fraud, counter-terrorist financing and anti-money laundering, following the release of TFG and WTO’s recent publication on DLT in Trade.

The age old problem of document digitization in trade has probably been around since goods were traded using stone tablets in the Mesopotamian era. So who’s making a dent using blockchain / distributed ledger technology? From the updated WTO / TFG periodic table of projects in trade, we reveal 12 projects tackling this head on.

Only through collaboration and interoperability with other key technologies like AI, RPA, and the IoT will the path of consortia be effective in making trade finance truly digital.

Correspondent Banking should in the future reinvent itself to accompany to be an ideal companion to technical assistance and be a key milestone potential ahead for the Africa market.

For Africa, the trade finance gap has been estimated at USD 110-120 billion. TFG spoke to Afreximbank on the challenges/ opps that lie ahead.

Banks are often slow to adopt the latest technology, and in many cases that is warranted. As highly regulated institutions tasked with protecting valuable data, banks understandably want to avoid “running with scissors.” By starting slow with simply implementing APIs in a few areas, they can begin to modernize and ultimately provide streamlined payments solutions, like RTPs, to their largest pool of customers.

financial crime risk, just like any other risk, can be better understood using data and modelling techniques, instead of common wisdom. TFG heard from Sihem Mouelhi at Elucidate to find out more.

What does China’s continued growth and autocracy mean for Chinese businesses and financing the supply chain? TFG heard from Simon Kleine, Director at East & Partners Europe

How are working capital finance schemes and the availability of KYC and AML tools considered amongst UK and European corporates? TFG heard from Simon Kleine, Director at East & Partners Europe, on the key considerations amongst UK and European supply chains.

We heard about the global state of the SCF market. Collaborators: Dr Rebecca Harding, Mark Abrams and Simon Kleine

Multinational Operators and Local Supply Chains Mid-size and large operators, particularly in upstream Oil and Gas, often need to buy goods and services from local SME firms in the countries… read more →

An interview with André Casterman, Chair, Fintech Committee, International Trade and Forfaiting Association and CMO, INTIX. André Casterman is a fintech consultant, advising financial institution and fintech clients on data management, trade finance and… read more →

An interview with Bolero’s CEO Ian Kerr on E-Bills of Lading and Electronic Documentation. Bolero is a Software as a Service (SaaS) platform for the digitisation of global trade. Headquartered… read more →

An interview with Vittorio De Angelis, Executive Chairman at Velotrade. The invoice financing market has been driven by growing European countries with an annual organic growth of around 10% per… read more →