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Hong Kong’s Global Shipping Business Network (GSBN) has announced the creation of a Trade Finance Advisory Group, joined by HSBC, DBS Bank and Bank of China (Hong Kong).
partnership, HSBC, trade finance, supply chain finance, blockchain
Global industrial product manufacturer, Börger, has recently completed their first blockchain-enabled trade finance pilot on Marco Polo, a distributed ledger technology (DLT) powered platform.
trade finance, blockchain, DLT, settlement, reconciliation
İşbank and Commerzbank together with their corporate clients have jointly run their second international trade finance pilot transaction based on distributed ledger technology (DLT).
Isbank, blockchain, DLT, trade finance, Commerzbank, corporate clients, Corda, Marco Polo, Turkey
msg, a large IT consulting and system-integration company based in Germany, has formalised a strategic alliance with Marco Polo, a distributed trade finance network.
MSG, IT consulting, system-integration, Germany, Marco Polo, distributed trade finance network, R3, Corda, banking, payments , SAP, DLT
Bolero, Marco Polo Network, digital trade settlement, e-bill of lading, BL, e-documents, e-presentation, Trade Finance Network, Galileo, digital trade finance, banks, corporates, trade ecosystem, trade finance transactions
Tech Mahindra has become the first Indian corporate to leverage the Marco Polo Network and Platform for international trade finance.
Tech Mahindra, Marco Polo Network, trade finance, DBS Bank, trade bank, TradeIX
Crédit Agricole CIB has announced that it is entering a pilot phase on the Marco Polo Network, following an evaluation period in 2019.
Crédit Agricole CIB, Marco Polo Network, supply chain finance, APIs, ERP, B2B payments, Corda
UK-based foreign exchange company Cobalt has announced that Standard Chartered plans to join its foreign exchange (FX) DLT-based post-trade platform.
Cobalt, Standard Chartered, FX , trade platform, FX trade, trade finance, blockchain, trade finance consortium, Marco Polo, foreign exchange
Qatar’s Commercial Bank has participated in the Blockchain Open Account Trade Finance Trial on the Marco Polo platform, built on the R3 Corda Network.
Marco Polo, Commercial Bank, Qatar Commercial Bank, wholesale banking, trade finance, risk mitigation, Corda, R3, distributed ledger technology, blockchain
Accenture has announced a minority investment in TradeIX, the developer behind the Marco Polo blockchain trade finance platform.
Accenture, TradeIX, investment, trade finance, blockchain, Corda, R3, Marco Polo, Ireland, Europe, ING Ventures, consultancy, AIG, DHL Siemens.
The Marco Polo trade finance network has completed an open account trade finance trial with 70 organisations using its blockchain platform.
Marco Polo, trade finance, Trade Finance Network, ABN AMRO, TradeIX, Xero, R3, Corda, Oracle Netsuite, BMW, Citizens Bank, International Islamic Trade Finance Corporation, SBI, Steelforce, Sumitomo Corporation, The Bank of East Asia, HSBC, Saudi British Bank
According to Reuters, ING has announced working on an initiatine to provide secure crypto storage facilities for the bank's customers.
ING, crypto assets, banking, online banking, Crypto Storage, Netherlands, cryptocurrency, blockchain, Bitcoin, Europe
The Marco Polo trade finance network has announced it is now generally available on Microsoft Azure.
Marco Polo Network, Microsoft Azure, Trade Finance Network, trade finance, banking, credit facility, R3, Corda, blockchain technology, DLT, global trade
Bank of America has announced that it is joining the Marco Polo Network to tackle trade finance challenges.
Bank of America, Marco Polo Network, trade finance, digital banking, US, Asia Pacific, EMEA, Latin America and North America, BNP Paribas, Commerzbank, ING, LBBW, Anglo-Gulf Trade Bank, Standard Chartered Bank, Natixis, Bangkok Bank, SMBC, Danske Bank
Trade and working capital finance network The Marco Polo Network has added Mastercard as its latest member.
MasterCard, Marco Polo, blockchain network, trade finance, World, banking, ecommerce, TradeIX, enterprise resource planning (ERP), Corda, R3
US-based financial services provider Mastercard has joined blockchain software company R3’s Corda-powered Marco Polo Network for trade finance.
MasterCard, R3, Corda, Marco Polo Network, trade finance, TradeIX, US, blockchain, DLT, financial services provider
Blockchain trade finance network Marco Polo has announced that the South Africa-based Standard Bank Group will be a new member.
South Africa, Standard Bank, Marco Polo, trade finance, blockchain, DLT, Trade Finance Network, Microsoft Dynamics 365, Xero, Oracle Netsuite, R3, Corda, Alfa Bank, Anglo Gulf Trade Bank, Bangkok Bank, Bayern LB, BNP Paribas, Bradesco, Commerzbank
Germany-provider Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed a new trade transaction on the Marco Polo platform.
Commerzbank, Logwin, Landesbank Baden-Württemberg, trade finance, trade transaction, Marco Polo, Germany, LBBW, Marco Polo platform, blockchain, distributed ledger technology
Marco Polo members Bangkok Bank and Commerzbank have jointly executed an international trade transaction using distributed ledger technology (DLT).
Bangkok Bank, Commerzbank, trade finance, Marco Polo, DLT, blockchain trade finance, blockchain, distributed ledger technology, R3, Corda
Brazil-based bank Banco Bradesco has announced joining R3’s Marco Polo blockchain network for trade finance.
Brodesco, Banco Pradesco, Marco Polo, R3, Corda, Trade Finance Network, blockchain, Brazil, South America, distributed ledger, trade finance