DLT is not just a buzzword but a trend which is about to transform the financial industry. The European Central Bank also has a stake in the innovation game. We… read more →
Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via the Marco Polo international trade finance network. For Marco Polo, it is the first Russian-German import-export operations financing project.
All IBAS GTF – Global Trade Finance Factory user banks, including ABN AMRO Bank, have adhered to the SWIFT Release 2018 standards since switchover on 18 November 2018 London –… read more →
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 →
You might have had thousands of international wire transfer transactions already, but only now have you thought about how these transactions work. How is it possible for banks to communicate… 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 →
Earlier this week, Ripple announced that Euro Exim Bank, a specialised UK-based trade institution, was the first bank to publically announce that it will be using Ripple’s XRP cryptocurrency to… read more →
The explosion of fintech has certainly disrupted the financial services sector. From ATMs to facial recognition, we explore the key events in the history of fintech and what developments are… read more →
Private investors and businesses have very different investing goals in comparison to institutional market investors (which include pensions, endowments and foundations). We reviewed investment manager KKR’s analysis on current market… read more →
Since Direct Debit was first created in 1968, it’s become more and more widely used – and over the last decade alone, the number of Direct Debits transactions processed annually… read more →