Your Monday morning coffee briefing from TFG. The IMF upgraded its growth forecasts for developed countries and said the global recession would have been three times as deep had governments not intervened.
Trade and trade finance remains siloed, age-old and complex. Many are using DLT and blockchain to progress towards their goals of a digitized industry. TFG & WTO recently published their periodic table of DLT projects in trade, and here are 9 marketplaces and other initiatives addressing various opportunities in truly digital trade.
Banks and government bodies rally together to mitigate trade finance fraud with Trade Finance Registry
SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) today signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally.
Sustainability is no longer an adjunct to good business, but pivotal to it. TFG heard from Standard Chartered Bank, on the difficulties MNCs face
New York – 19 September, 2019 – Bank of America announces that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.
September 11, 2019 (Dubai / London) – National Bank of Fujairah PJSC (NBF), one of the
leading bank in the Middle East announced today that it has become a member of the Marco
Polo Network, the largest and fastest growing trade finance network.
The Marco Polo Network and Standard Bank Group announced today that Standard Bank has joined the Marco Polo Network, the largest and fastest growing trade finance network focused on bringing unprecedented efficiencies to trade financing.