A session by Loh Sin Yong from Infocomm Media Development Authority (IMDA) at TXF’s Global Trade Virtual 2021, explored one potential solution to the now highly paper-reliant trade.
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.
Your Monday morning coffee briefing from TFG. A container ship ran aground, blocking the Suez Canal which carries about 12% of global maritime trade. The blockage may take some time to clear, further disrupting global shipping, already beset by high freight costs and delays caused by the pandemic.
With electronic document rules in place, it is now the role of key players and regulators to go ahead and enable trade finance to take advantage of digital innovation.
Many new fintechs are fielding trade transaction cloud platforms that combine video technology with non-bank trade finance that is going to fill the vacuum created by the banking industry.
With competitive digital economy, Colombia will be able to plan for post-pandemic recovery and strengthen regional economies to adopt smart solutions linked to the Internet of Things that allow them to compete in global value chains.
As advocates of DLT in global trade and commerce, TFG are partnering with 101 Blockchains to promote the education of specific technologies that are currently available.
How do fintechs work with banks, and how can we rethink the customer journey for trade finance? TFG spoke to industry experts, in partnership with Finastra.
TFG heard from Joel Schrevens Global Solutions Director of China Systems about the state of the trade and supply chain finance ecosystem. Established in 1983, China Systems is a leading trade services solutions vendor. The company is fully focused on providing an integrated front-end and back-office platform catering for internal and external deployment at a domestic, regional or global level.
TFG heard from Alexander Goulandris the co-CEO of essDOCS about the different solutions for paperless trade.
TFG heard from Alexander Goulandris the co-CEO of essDOCS about the different solutions for paperless trade. He exclusively announced the launch of a new product called CargoDocs Match, which will enable trade finance banks to continue to provide BPO-related solutions to their customers after SWIFT discontinues support for the Trade Services Utility (TSU) in 2020.
TFG heard from the ICC United Kingdom at their annual conference, Bridging the Trade Finance Gap, delivering paperless trade, discussing the changing market and the role of banks in the… read more →
We spoke to Jacco de Jong, Managing Director, essDOCS Consulting about his history and career in trade finance, as well as his views on recent changes and the future of… read more →