Articles with tag: trade finance

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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

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

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

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

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

Russia-based Sberbank joins blockchain trade finance platform

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

Sberbank Switzerland, a subsidiary of Sberbank has joined a blockchain-based platform for commodity trade finance.

Russia, Switzerland, Sberbank, blockchain, trade finance, platform, commodity trade finance, subsidiary, Komgo, trade finance platform, trade finance service, digitisation, Commonwealth of Independent States, trade flows

Bank of Georgia secures USD 50 mln trade finance facility with Citi

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

Bank of Georgia has signed a USD 50 million one-year trade finance facility with US-based bank Citigroup.

Bank of Georgia, Citi, trade finance, facility, Citigroup, bank, reimbursement, trade advances, retail banking, payment services, corporate banking, investment banking, wealth management, trade finance solutions

Surecomp provides multibank solution allNETT to Europe-based bank

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

Trade finance solutions provider Surecomp has announced that the latest version of its digital front-office solution is in full production by a Europe-based bank.

Surecomp, multibank, front-office, allNETT, Europe, banks, trade finance, digital front-office, allNETT6.4, cloud environment, digitisation, trade finance operations, corporate clients, multibank channel, automation, back office platforms, SaaS, API, SWIFT

BidFX, OpenFin launch FX Desktop Trading application

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

BidFX, cloud-based provider of electronic foreign exchange trading solutions, has added a new service to its product range delivered via OpenFin, an operating system (OS) of finance. 

BidFX, OpenFin, FX Desktop Trading, application, app, cloud-based, electronic foreign exchange, trading solution, e-trading, fx trading, operating system of finance, secure trading, remote working, fintech, cloud adoption, trade finance

Deutsche Bank provides USD 43 mln trade finance facility for rural Myanmar

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

Deutsche Bank has announced that it has provided a USD 43 million account receivable purchase facility to China National Technical Import & Export Corporation.

China Export & Credit Insurance Corporation, Deutsche Bank, trade finance, trade finance facility, banking, trade financing, Myanmar, Asia, APAC

Mastercard, ADB partner to digitalise Asia's supply chains

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

Mastercard and its partners (N-Frnds, SGeBIZ, and Finastra) have announced a collaboration with Asian Development Bank (ADB) to help digitalise supply chains for retailers.

Mastercard, N-Frnds, SGeBIZ, Finastra, Asian Development Bank, ADB, digitalisation, supply chain, financing, cash flow, SMEs, trade finance

Standard Chartered completes cross-bank Letter of Credit blockchain transaction between Vietnam and Thailand

11 Sep 2020 | Cryptocurrencies

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