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Standard Chartered has successfully completed the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain.
Standard Chartered, cross-bank, letter of credit, blockchain transaction, payments , Vietnam, Thailand, distributed ledger technology, Contour, trade finance
Surecomp has announced that Norwegian bank DNB is ready to be switched on with SWIFT- compliant versions of both its front and back-end solutions, IMEX and allNETT.
Surecomp, banking, DNB, SWIFT, trade finance, letter of credit, Norway, corporates
HDBank, Contour Network, letter of credit, open trade finance network, blockchain
A blockchain trade finance platform developed by eight banks, Contour, including HSBC and Standard Chartered, has gotten closer to commercial launch in Hong Kong.
Contour, State Administration of Foreign Exchange, trade finance, Standard Chartered, HSBC, China, Hong Kong, Asia, APAC, banks, banking, trade, letter of credit
Singapore-based DBS Bank has announced the completion of a trade finance settlement on Networked Trade Platform.
DBS, Singapore, trade finance, trade finance settlement, Audio, Networked Trade Platform, Premium, letter of credit, Asia, APAC
Japan-based MUFG Bank has completed its first live blockchain transaction on the commodity trade finance platform, komgo.
komgo, MUFG, letter of credit, trade finance, blockchain trade finance platform, trade finance platform, MUFG Bank, ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, Natixis, Rabobank, Shell, SGS, Société Générale
HSBC Bank has announced the first live pilot blockchain letter of credit transaction in Malaysia.
HSBC Malaysia, Malaysia, blockchain, letter of credit, trade finance, Asia, APAC, pilot blockchain letter of credit