Articles with tag: trade

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XTransfer gets funding to step up investment in AML and risk management

23 Oct 2020 | E-invoicing, SCF & E-procurement

XTransfer, a Chinese cross-border financial services and risk management company, has completed a Series C1 round of financing.

XTransfer, China, cross border payments, funding, risk management, AML, trade finance, data

Contour, Mphasis to digitalise trade finance

22 Oct 2020 | E-invoicing, SCF & E-procurement

Contour, a global decentralised platform for global trade, has teamed up with Mphasis to extend the reach of the Contour network by banks, enterprises, and partners worldwide.

Contour, Mphasis trade finance, cloud, partnership, payment digitalisation, banks

Global supply chain activity surges to pre-pandemic levels in Q3

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

The number of purchase orders and invoices exchanged across global supply chains has risen by 15% in Q3 after falling by a similar margin in Q2, the latest Index of Global Trade Health from Tradeshift can reveal. 

Tradeshift, supply chain, payments, invoices, transactions, digitalisation, buyers, suppliers, report

Fintech TradeCore supports Plato

19 Oct 2020 | Payments General

Fintech TradeCore has announced a partnership with Plato, supporting the payments business in bringing new payment transfers to customers.

Fintech, TradeCore, Plato, payments, money transfer

Marco Polo and msg announce strategic alliance

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

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

India, trading partners face USD 38 bln growth opportunity, Standard Chartered report

13 Oct 2020 | E-invoicing, SCF & E-procurement

Standard Chartered has released its Trade Opportunity Report, revealing how businesses could increase exports to India by more than USD 21 billion annually.

India, trading, trade growth, Standard Chartered, Trade Opportunity Report, exporter, bilateral trade, trade opportunity, COVID-19, US, Malaysia, Indonesia, Singapore, UK, ASEAN, Thailand, Vietnam, South Korea, France, Germany

IFC, Union Bank to boost access to trade finance in Nigeria

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

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business and enable increased international trade for Nigeria.

Nigeria, IFC, Union Bank, trade finance, Covid 19, financing, SMEs, letters of credit, trade-related promissory notes, guarantees, bonds, advance payment guarantees

BofA rolls out omni-channel cross-currency transactions approach

09 Oct 2020 | E-invoicing, SCF & E-procurement

Bank of America has released an omnichannel offering that includes API and mobile connectivity in response to the imperatives of cross-currency transactions.

BofA, omni-channel, cross-currency, payments, transactions, Bank of America, CashPro app, app, financial institutions, API, mobile connectivity, trade, FX trades, fx trading

FCA bans crypto-derivatives selling to retail consumers

08 Oct 2020 | Cryptocurrencies

The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of crypto assets to retail consumers, starting with 6 January 2021.

FCA, UK, crypto derivatives, retail, exchange traded notes, ETNs, derivatives, crypto assets, Bitcoin, Ether, Ripple, tokens, contract for difference, CFDs

UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

08 Oct 2020 | Digital Identity, Security & Online Fraud

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, Loan Scheme, Starling Bank, Tide, covid-19, small businesses, fintechs, sole trader business accounts

Banks in Singapore to create digital trade finance registry

06 Oct 2020 | Payments General

Singapore-based DBS Bank and UK-based Standard Chartered have announced the creation of a digital trade finance registry (TFR) in Singapore alongside 12 other banks.

 

Singapore, DBS, Standard Chartered, trade finance registry, fraud, banking, Enterprise Singapore

CRiskCo, EasySend partner on Surecomp's fintech Marketplace

06 Oct 2020 | Online & Mobile Banking

Global trade finance solutions provider Surecomp has added two new partners on its Marketplace platform, CRiskCo and EasySend

Surecomp, CRiskCo, EasySend, fintech, marketplace, open API connectivity, API, credit scoring, onboarding, SMEs, no-code platform, digital customers, single point access, apps, trade finance, ecosystem, digitisation, open banking, banks, digital offerince, artificial intelligence, automation, risk mitigation

DBS, Standard Chartered join group of banks to develop trade finance registry pilot

06 Oct 2020 | E-invoicing, SCF & E-procurement

DBS and Standard Chartered have jointly led a workgroup of 12 other banks to create and conduct a digital Trade Finance Registry (TFR) POC.

DBS, Standard Chartered, banks, trade finance registry, pilot, blockchain, distributed ledger technology, ABN AMRO, ANZ, CIMB, Deutsche Bank, ICICI, Lloyds, Maybank, Natixis, OCBC, Rabobank, SMBC, UOB

RootAnt raises USD 1.46 mln in seed investment round

05 Oct 2020 | E-invoicing, SCF & E-procurement

Singapore-based fintech RootAnt has raised USD 1.46 million in a seed investment round, led by Linear Capital and co-investor KZM Group.

RootAnt, fund raising, Singapore, banking, transaction banking, corporate banking, supply chain finance, trade finance, corporate banking

SWIFT, IMDA partner for global trade digitalisation

05 Oct 2020 | E-invoicing, SCF & E-procurement

SWIFT and Singapore-based Infocomm Media Development Authority (IMDA) have signed a Memorandum of Intent (MOI) for global trade digitalisation.

SWIFT, IMDA, global trade, digitalisation, Infocomm Media Development Authority, Singapore, Memorandum of Intent, MOI, global trade digitalisation, financial institutions, corporates, cross-border trade, paperless trade, trade processing, trade financing, TradeTrust, framework

Contour enters live production delivering trade finance blockchain network

05 Oct 2020 | E-invoicing, SCF & E-procurement

Singapore-based Contour has entered live production, uniting buyers, suppliers and banks on a decentralised, digital trade finance platform that is open to all geographies and industries, according to IBS Intelligence.

Contour, trade finance, blockchain, banks, corporates, suppliers, financing

Afex to introduce blockchain-based app for warehouse receipt checks

02 Oct 2020 | Digital Identity, Security & Online Fraud

Nigeria-based FX payments platform Afex has announced its intention of introducing blockchain-based application for warehouse receipt checks to reduce fraud in Africa.

Afex, blockchain, fraud, e-invoicing, e-WRS, Trade Finance Market, Nigeria, Africa

Temenos adds essDOCS' CargoDocs to its marketplace to digitise trade finance

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

essDOCS, an enabler of paperless trade, has joined Temenos’ MarketPlace.

CargoDocs, trade finance, automation, B2B, essDOCS, paperless trade, Temenos, banking software, Temenos MarketPlace, cloud technology

Valentus, Realio to tokenize USD +250 mln fund

25 Sep 2020 | Cryptocurrencies

Technology ecosystem for institutional-grade digital assets Realio and Valentus Capital Management have partnered to enable the digitisation of an array of private equity opportunities.

Valentus, Realio, Valentus Capital Management, tokenization, tokens, fund, private equity, equity, finance, trade finance, real estate, credit, Wall Street, Main Street, digitisation, private equity firm, hedge funds, blockchain, p2p investments, compliance, automation, p2p trading

HSBC brings receivables financing to SMEs

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

HSBC Singapore has enabled SMEs to access and use receivables financing via Singapore’s Networked Trade Platform (NTP).

HSBC, receivables financing, SMEs, trade finance