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Female-owned export companies are being unfairly excluded from receiving trade finance loans, and more needs to be done to remove gender bias from the decision-making process, according to experts at this year’s World Trade Symposium.
Speaking to Trade Finance Global, Pillow said she has overseen major changes as head of communication at ITFA, not just in the way the association presents itself, but also in terms of its reach and scope.
The global trade finance gap hit a new all-time high of $1.7 trillion in 2020, eclipsing its previous high of $1.5 trillion recorded in 2018, says a new report from the Asian Development Bank (ADB).
Tech giant IBM is teaming up with fintech startup MonetaGo to address trade finance fraud, with an initial focus on South East Asia.
The trade finance space has seen a huge influx of capital in the development of fintech solutions to address some of today’s most pressing trade challenges.
Deepesh Patel, Editor at TFG summarised the key themes discussed during ICC Mexico’s three-day virtual event on The Digital Future of Trade and Supply Chain Finance.
Wirecard is suspected of misleading investors through aggressive accounting practices including inflating sales and revenue in order to appear to be performing better than it is actually doing.
Banks, fintechs, and other vendors have a pivotal role to play in this situation to support communities and try to help the economy moving in the short and long term.
The value of Trade Finance Programs, which if combined with regulatory and technological innovation, is destined to hasten the closing trade finance gap and bring broader positive economic outcomes for nations.
TFG heard from development finance expert Diana Smallridge on the role of various institutions when it comes to financing trade, infrastructure, and exports.
We spoke to the Finastra’s CEO Simon Paris about the future of trade and challenges of capitalism, during the World Trade Symposium at New York. We discussed key themes around bilateralism and multilateralism in global trade and why we need to turn our eyes to plurilateralism. A typical SME trade finance transaction is $25,000, but the average cost to trade finance instruments is $4,000 and this is not particularly helpful in addressing the trade finance gap. Is the technology the remedy here?
We caught with Trade Finance Global’s Head of Trade Finance, Mark Abrams, discussing the latest on mid market access to trade and receivables finance, in light of trade wars and geopolitical uncertainty, particularly Brexit. The interview was held at ExCred Commodities in London.
We interviewed Geoff Brady, Head of Global Trade & Supply Chain Finance (GTS) at Bank of America Merrill Lynch. We talked about the physical and financial aspects of the supply chain management, about the importance of Blockchain Consortia in the trade finance space and the BAML’s agenda for the rest of the year.
We caught up with the Head of Trade Finance at Asian Development Bank, Steve Beck. We talked about the newly published Trade Finance Gaps, Growth, and Jobs Survey.
We caught up with the Head of Trade Origination & Advisory at Natwest Bank, to talk about trade in the UK, given the current uncertain geopolitical climate around Brexit. We asked Rowan Austin about the current outlook for UK SMEs, trade barriers and how the bank is approaching trade and transaction banking digitisation through some of its initiatives at Sibos 2019.
