Articles with tag: global trade

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DHgate introduces MyyShop for building a decentralised ecosystem

21 Sep 2020 | E-invoicing, SCF & E-procurement

China-based B2B cross-border ecommerce marketplace DHgate has launched MyyShop, a new Software-as-a-Service (SaaS) product for decentralised cross-border ecommerce.

DHgate, MyyShop, ecosystem, decentralisation, China, B2B, cross-border, ecommerce, marketplace, SaaS, cross-border ecommerce, pandemic, international trade, local economy, SMEs, global trade, consumer-centric ecosystem, ecommerce infrastructure, Facebook, Instagram, WhatsApp, TikTok, online store, dropship, traffic monetisers, social commerce influencers

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

02 Jul 2020 | E-invoicing, SCF & E-procurement

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, covid-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries

ITFC releases USD 15 mln to support SMEs in Bangladesh

12 Jun 2020 | E-invoicing, SCF & E-procurement

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing, coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic

DHL Express acquires stake in Link Commerce

29 May 2020 | Ecommerce

DHL Express has announced it acquired a stake in the UK-based ecommerce company Link Commerce to cement its commitment to the African ecommerce space.

DHL Express, Link Commerce, ecommerce, DHL Africa eShop, SSA, online shopping, delivery assurance, ecommerce market, international retailers, global trade, Rapid B2C, Research and Markets, McKinsey Global Institute

Santander completes its investment in Ebury

30 Apr 2020 | Payments General

Banco Santander has announced the completion of its purchase of a c.50.1% stake in Ebury after obtaining all regulatory approvals from the required authorities.

Ebury, Santander, investment, SME, banking, trade finance, platform, global trade, payments

IFC teams with Coronation Merchant Bank to boost trade finance in Nigeria

04 Mar 2020 | E-invoicing, SCF & E-procurement

International Finance Corporation has announced a USD 40 million trade finance guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.

International Finance Corporation, partnership, trade finance guarantee facility, Coronation Merchant Bank, Global Trade Finance Program, trade finance, Nigeria, access to capital

Banco Santander buys USD 400 mln stake in UK fintech Ebury

05 Nov 2019 | Payments General

Banco Santander announced that it will acquire a majority stake in UK-based Ebury, a trade and foreign exchange fintech for SMEs, for USD 400 mln.

Banco Santander, Santander, Ebury, fintecg, mergers and acquisitions, acquisition, fintech, financial technology, bank, banking, global trade services, Getnet, United Kingdom, UK, Latin America, Europe

RBC rolls out updated mobile banking suite for businesses

08 Oct 2019 | Online & Mobile Banking

Royal Bank of Canada has launched its new mobile banking solutions aimed at addressing the needs of SMEs, from financing to insights.

RBC, Royal Bank of Canada, mobile banking, business, SME, financing, global trade, finance,

Marco Polo Network expands availability to Microsoft Azure

02 Oct 2019 | E-invoicing, SCF & E-procurement

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

IFC, Goldman Sachs launch gender-focused trade finance programme

05 Jul 2019 | E-invoicing, SCF & E-procurement

The International Finance Corporation (IFC) and the Goldman Sachs Foundation have launched a first-of-its-kind gender-focused trade finance programme.

IFC, Goldman Sachs, trade finance, Banking on Women-Global Trade Finance Program

ICC releases report affirming trade finances decade-long low-risk profile

12 Jun 2019 | E-invoicing, SCF & E-procurement

The International Chamber of Commerce Banking Commission has released its 2018 Trade Register report highlighting the low risk nature of trade finance.

The International Chamber of Commerce Banking Commission, The International Chamber of Commerce, Trade Register, report, trade finance, letter of credit, global trade finance, Global Credit Data, GDP

Mphasis, Bitfury to accelerate digital transformation in global trade

30 May 2019 | E-invoicing, SCF & E-procurement

India based IT company Mphasis and asset manager Bitfury have teamed to enable instant settlement of trade transactions.

Mphasis, Bitfury, partnership, tokenization, trade finance, global trade, trade transaction, digital transformation, India, Asia, APAC,

Swedens SEB chooses DTCCs Global Trade Depository to meet SFTR obligations

18 Mar 2019 | Payments General

Skandinaviska Enskilda Banken AB (SEB) has picked the Depository Trust and Clearing Corporation’s (DTCC) Global Trade Depository (GTR) service to deliver the bank’s regulatory compliance.

Sweden, SEB, DTCC, Global Trade Depository, bank, regulation, compliance

HighRadius launches data exchange tool for A/R Teams

01 Mar 2019 | E-invoicing, SCF & E-procurement

US-based fintech HighRadius has launched the Collection Agency Data Exchange for sending accounts and invoices to third-party collection agencies.

HighRadius, product launch, US, North America, accounts receivable, Collection Agency Data Exchange, collection agency, tax, AG Adjustments, Altus Global Trade Solutions

CBA releases new edition of IBAS Global Trade Finance Factory tool

01 Mar 2019 | E-invoicing, SCF & E-procurement

Norway-based software vendor Commercial Banking Applications has launched IBAS Global Trade Finance Factory, in compliance with SWIFT Release 2018.

Commercial Banking Applications, IBAS Global Trade Finance Factory, IBAS GTF, trade finance, SWIFT, document credits, SWIFTs MT7XX, ABN AMRO, trade finance tool, Norway, Europe

Tradeshift acquires cloud integration technology provider Babelway

18 Dec 2018 | E-invoicing, SCF & E-procurement

Supply chain payments company Tradeshift has announced it has acquired Babelway, a developer of cloud integration technology.

Tradeshift, Babelway, acquisition, M&A, US, North America, digital global trade, supply chain finance, trade finance, cloud integration technology, ERP system, B2B payments, B2B integration

ECI, Natixis sign deal to help UAE exporters

05 Dec 2018 | E-invoicing, SCF & E-procurement

Etihad Credit Insurance, the UAE Federal export credit company, has signed a MoU with French bank Natixis to help UAE exporters in global trade.

ECI, Natixis, trade finance, trade support, UAE, United Arab Emirates, Federal export credit company, exporter, global trade, memorandum of understanding

WTO, six others partner to boost trade finance

15 Oct 2018 | E-invoicing, SCF & E-procurement

The global trade regulator World Trade Organisation has joined six other international organisations to work on closing the gaps in global trade finance.

World Trade Organisation, global trade, trade finance, Islamic Trade Finance Corporation, Islamic Development Bank Group, International Monetary Fund, European Bank for Reconstruction and Development, Financial Stability Board