Articles with tag: trade finance network

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Bolero joins Marco Polo Network to advance digital trade settlement

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

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

HDBank, Contour Network to assist with LC issuance in Vietnam

07 May 2020 | Payments General

Vietnamese-based financial institution HDBank has joined Contour, an open trade finance network, to extend trade financing to more corporates.

HDBank, Contour Network, Letter of Credit, open trade finance network, blockchain

Citi joins Contour trade finance blockchain network

20 Feb 2020 | E-invoicing, SCF & E-procurement

Citi has announced joining the blockchain trade finance network, Contour, launched in Singapore.

Contour, Citi, Bangkok Bank, BNP Paribas, CTBC Holding, HSBC, ING, SEB, Standard Chartered, Singapore, trade finance, trade finance network, blockchain, Voltron, Corda, R3, DLT, Asia, APAC,

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

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

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

SMBC completes blockchain trade finance test

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

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

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

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

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

South African Standard Bank joins trade finance blockchain Marco Polo

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

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

StanChart, HSBC complete Letters of Credit on Voltron blockchain

08 Aug 2019 | E-invoicing, SCF & E-procurement

Standard Chartered has completed a pilot Letter of Credit transaction on the Voltron blockchain platform.

StanChart, HSBC, letter of credit, trade finance, Voltron, Voltron network, trade finance network, blockchain, PTT Group, Voltron Steering Committee

Commerzbank, GTC to automate digital trade finance

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

Commerzbank has signed a strategic partnership with GlobalTrade Corporation, to use GTC’s platform to strengthen its digital trade finance product range.

Commerzbank, GTC, GlobalTrade Corporation, trade finance, trade finance business, digital finance, multi-bank technology, Cash Group, trade finance network

Maersk to offer digital trade finance services in South Africa

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

Trade finance network Maersk has announced plans to offer digital trade finance for SMEs in South Africa.

Maersk, trade finance network, trade finance, South Africa, Africa, digital trade finance, SMEs, financing, containment shipment

Brazilian bank Brodesco joins Marco Polo trade finance network

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

Brazil-based bank Banco Bradesco has announced joining R3’s Marco Polo blockchain network for trade finance.

Brodesco, Banco Pradesco, Marco Polo, R3, Corda, trade finance network, blockchain, Brazil, South America, distributed ledger, trade finance,

Thai Bank Krungsri implements Surecomps trade finance solution

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

Singapore based trade finance solution provider Surecomp has upgraded allNETT, a finance system for The Bank of Ayudhya (Krungsri Group).

Surecomp, The Bank of Ayudhya, Krungsri Group, allNETT, partnership, Singapore, Thailand, Asia, APAC, trade finance, trade finance network, digital transformation, funding, outstanding processing capabilities

Infosys Finacle, HNB to pioneer DLT-based trade finance in Sri Lanka

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

Sri Lanka-based Hatton National Bank has selected Finacle Trade Connect to enable a blockchain-based domestic and cross-border trade finance network.

Infosys Finacle, HNB, Hatton National Bank, Finacle Trade Connect, partnership, trade finance, blockchain, distributed ledger technology, blockchain-based trade finance, cross-border trade finance network, Sri Lanka, Asia, APAC

LBBW joins the Marco Polo trade finance network

30 Nov 2018 | E-invoicing, SCF & E-procurement

Germany-based bank LBBW has announced that it became a founding member of Marco Polo, the trade finance network powered by Corda blockchain technology.

LBBW, Marco Polo, Marco consortium, trade finance network, Germany, trade finance, supply chain finance

Danske Bank joins commercial banks trade finance network Marco Polo

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

Denmark-based Danske Bank has announced joining the Marco Polo Network, a network of commercial banks in the trade finance market.

Danske Bank, Denmark, commercial banks, trade finance, trade finance network, Marco Polo Network,