Articles with tag: marco polo

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Turkish bank İşbank carries second pilot on cross border trade using blockchain

News | E-invoicing, SCF & E-procurement | 11 Nov 2020

İşbank and Commerzbank together with their corporate clients have jointly run their second international trade finance pilot transaction based on distributed ledger technology (DLT).

İşbank, blockchain, DLT, trade finance, Commerzbank, corporate clients, Corda, Marco Polo, Turkey

Marco Polo and msg announce strategic alliance

News | E-invoicing, SCF & E-procurement | 15 Oct 2020

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 joins Marco Polo Network to advance digital trade settlement

News | E-invoicing, SCF & E-procurement | 05 Aug 2020

Trade Digitisation provider Bolero has joined the Marco Polo, to bring Bolero’s e-Bill of Lading (BL), including e-documents and e-presentation solutions, to the trade finance network. 

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 to leverage the Marco Polo Network, supported by DBS

News | E-invoicing, SCF & E-procurement | 27 Mar 2020

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 comes onboard the Marco Polo Network

News | E-invoicing, SCF & E-procurement | 11 Mar 2020

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

Standard Chartered joins Cobalt DLT FX platform

News | E-invoicing, SCF & E-procurement | 28 Feb 2020

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 Commercial Bank completes trial on the Marco Polo Platform

News | E-invoicing, SCF & E-procurement | 03 Feb 2020

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 invests in trade finance blockchain company TradeIX

News | E-invoicing, SCF & E-procurement | 17 Dec 2019

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.

ABN AMRO, BMW, SBI run blockchain trial on Marco Polo trade finance network

News | E-invoicing, SCF & E-procurement | 16 Dec 2019

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

BNY Mellon joins blockchain-powered trade finance network Marco Polo

News | E-invoicing, SCF & E-procurement | 26 Nov 2019

US-based BNY Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so.

BNY Mellon, Marco Polo, blockchain, trade finance, trade finance netwrok, TradeIX, Corda, R3, Bank of America, KeyBank, US, North America

National Australia Bank joins blockchain trade finance network Marco Polo

News | E-invoicing, SCF & E-procurement | 20 Nov 2019

The Marco Polo blockchain trade finance network has announced the addition of the National Australia Bank (NAB) as its first Australian participant, according to Ledger Insights.

National Australia Bank, blockchain, trade finance, Marco Polo

SMBC completes blockchain trade finance test

News | E-invoicing, SCF & E-procurement | 22 Oct 2019

Japan-based Sumitomo Mitsui Banking Corporation {SMBC) is set to begin utilising R3’s Marco Polo trade finance blockchain on a commercial basis by the end of 2019.

Sumitomo Mitsui Banking Corporation, SMBC, Japan, trade finance pilot, Asia, APAC, Mitsui & Co, Bangkok Bank, R3, Marco Polo, trade finance network, blockchain

Alfa-Bank, Commerzbank pilot Marco Polo blockchain trade finance network

News | E-invoicing, SCF & E-procurement | 14 Oct 2019

Russia-based Alfa-Bank and Germany-based Commerzbank have executed a cross-border payments pilot on the Marco Polo blockchain network.

Alfa-Bank, Commerzbank, Marco Polo, Marco Polo trade finance network, trade finance, blockchain, cross-border payments, Oracle Netsuite, R3, Corda blockchain, Russia, Germany, Europe

Marco Polo Network expands availability to Microsoft Azure

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

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 joins the Marco Polo Network

News | E-invoicing, SCF & E-procurement | 19 Sep 2019

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

Mastercard joins the Marco Polo trade network

News | E-invoicing, SCF & E-procurement | 16 Sep 2019

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

Mastercard joins R3s Marco Polo Network

News | E-invoicing, SCF & E-procurement | 06 Sep 2019

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,

South African Standard Bank joins trade finance blockchain Marco Polo

News | E-invoicing, SCF & E-procurement | 23 Aug 2019

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

Commerzbank carries out new blockchain trade with logistics provider Logwin

News | E-invoicing, SCF & E-procurement | 16 Aug 2019

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,

R3s Marco Polo Trade Blockchain network announces updates from Logwin

News | E-invoicing, SCF & E-procurement | 15 Aug 2019

Marco Polo, the trade finance blockchain network launched by R3 and TradeIX, is moving toward production with real-time supplier payments provided by Logwin.

Marco Polo, R3, Corda, TradeIX, trade finance, partnership, Logwin, real-time payments, B2B payments, Digital Asset Shared Ledger, blockchain, distributed ledger technology