Articles with tag: trade finance platform

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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

ADIB Bank to use blockchain for trade distribution

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

UAE-based Abu Dhabi Islamic Bank (ADIB) has executed a trade finance distribution transaction using blockchain, with the help of trade finance marketplace TradeAssets.

ADIB, TradeAssets, trade finance, blockchain, trade finance platform, United Arab Emirates, customisable dashboards, cashflow forecasting, online trade issuance, United Arab Emirates, MENA

MUFG executes blockchain letter of credit using komgo

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

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

New Zealand's ASB Bank joins USD 1.7 mln round for trade finance startup

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

New Zealand-based ASB Bank has participated in an USD 1.7 million seed funding round for trade finance blockchain startup TradeWindow.

TradeWindow, ASB, New Zealand, trade finance, funding round, blockchain based trade finance platform, Blockchain startup, ASB Bank

IFFCO Singapore launches trade finance platform with dltledgers

05 Nov 2019 | E-invoicing, SCF & E-procurement

Agribusiness company IFFCO Singapore has launched its trade finance blockchain platform developed by blockchain company dltledgers.

IFFCO Singapore, dltledgers, partnership, Standard Chartered, blockchain, trade finance, trade finance platform, Singapore, Asia, APAC, agribusiness, digitized trade documents engine

China Construction Bank launches trade finance blockchain platform

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

China Construction Bank has officially released its blockchain platform for trade finance, BCTrade2.0 Blockchain Trade Finance Platform.

China Construction Bank, product launch, trade finance blockchain platform, blockchain platform, trade finance, BCTrade2.0, Blockchain Trade Finance Platform, China, Asia, APAC,

DBS launches blockchain-powered trade finance platform for Chinese SMEs

12 Sep 2019 | E-invoicing, SCF & E-procurement

DBS Bank has launched Rong E-Lian, a financing facility on a logistics blockchain platform that aims to give SMEs in China faster access to trade financing.

DBS Bank, blockchain-powered trade finance platform, product launch, trade finance, blockchain, China, SMEs, Asia, APAC, financing facility, small and medium size enterprises,

HSBC processes first blockchain letter of credit using CNY with Voltron

03 Sep 2019 | E-invoicing, SCF & E-procurement

HSBC has completed the first yuan-denominated blockchain-based letter of credit transaction within the Voltron trade finance platform.

HSBC, Voltron, blockchain, China, yuan, CNY, letter of credit, trade finance, trade finance platform, letter of credit transaction, BNP Paribas, Standard Chartered

HSBC finances transaction on blockchain platform we.trade

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

HSBC has reportedly become the first bank to finance a transaction on European blockchain trade platform we.trade.

HSBC, we.trade, blockchain, DLT, trade finance, trade finance platform, UK, Netherlands, Europe, Hyperledger Fabric, banking, Deutsche Bank, HSBC, KBC, Natixis, Rabobank and Société Générale, Nordea, Santander, UniCredit,

Chinas central bank DLT trade finance platform processes USD 4.5 bln

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

People’s Bank of China’s blockchain trade finance platform has announced it has processed USD 4.5 billion in foreign exchange transactions.

Peoples Bank of China, China, Asia, APAC, trade finance, blockchain trade finance, trade finance platform, distributed ledger technology, cross-border financing

Afreximbank supports intra-regional trade with USD 25 bln

24 Jun 2019 | E-invoicing, SCF & E-procurement

African Export-Import Bank has disbursed USD 8 bln out of the USD 25 bln it planned on a revolving basis to support intra-regional trade between 2017 and 2021.

Afreximbank, African Export-Import Bank, trade finance, trade finance credit facility, trade finance platform, Africa, South Africa, Gabon, Cote dIvoire, Nigeria, Malawi, Togo, Kenya, intra-regional trade

Marco Polo welcomes BayernLB, Helaba, S-Servicepartner as new members

30 Apr 2019 | E-invoicing, SCF & E-procurement

Germany-based banks BayernLB, Helaba, and S-Servicepartner have joined the Marco Polo trade finance network for piloting and evaluating purposes.

BayernLB, Helaba, S-Servicepartner, Marco Polo, Germany, trade finance, bank, commercial bank, banking, Europe, North and South America, Middle East, APAC, R3. Corda, blockchain, blockchain trade finance platform, trade finance consortium

ANZ leads regulators towards trade finance blockchain

04 Apr 2019 | E-invoicing, SCF & E-procurement

Regulators in Hong Kong, Singapore and China have announced working with ANZ Banking Group to digitise trade finance through blockchain technology.

ANZ, Hong Kong, Singapore, China, ANZ Banking Group, eTradeConnect, trade finance platform, blockchain, blockchain trade finance platform, Australia, APAC, eTradeConnect platform

HSBC uses blockchain for Letter of Credit between Australia and China

02 Apr 2019 | E-invoicing, SCF & E-procurement

HSBC has announced it used the Voltron blockchain trade finance platform for a live Letter of Credit (LC) transaction between Australia and China.

HSBC, Letter of Credit, trade finance, Australia, China, Voltron, trade finance platform, blockchain, LC transaction, we.trade, eTradeConnect initiative, Hong Kong, Asia, APAC,

Japanese brokerage AFT to stop offering Trade Link platform

01 Apr 2019 | E-invoicing, SCF & E-procurement

Japan-based retail Forex broker AFT has announced it will stop supporting the Trade Link platform.

AFT, Trade Link, Japan, trade finance platform, foreign exchange, forex, forex broker, balance statement, trade finance, Asia, APAC

Trade finance platform Qupital completes USD 15 mln Series A funding

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

Hong Kong-based trade finance platform Qupital has announced it has completed a Series A capital raise of USD 15 mln.

Qupital, Trade finance platform, Series A funding, funding round, Hong Kong, Asia, APAC, trade finance, capital raise, SME, small and medium sized enterprises

HSBC engaging with BNM to push blockchain trade finance platform

11 Jan 2019 | E-invoicing, SCF & E-procurement

HSBC Malaysia has announced working with Bank Negara Malaysia to boost its blockchain-based trade finance platform.

HSBC, Bank Negara Malaysia, Malaysia, Asia, APAC, trade finance platform, blockchain-based trade finance, HSBCnet Trade Transaction Tracker,

Bank of East Asia to boost trade finance through Finastras platform

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

Hong Kong-based Bank of East Asia has extended its partnership with Finastra to enhance its digital trade capabilities for corporate and personal banking.

Bank of East Asia, Finastra, partnership, service implementation, Hong Kong, China, supply chain finance, trade finance, trade finance platform

dltledgers launches SaaS trade finance blockchain platform

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

Singapore-based technology provider dltledgers has launched its Software as a Service platform with 124 trading partners in production.

dltledgers, product launch, Singapore, SaaS, trade finance, B2B payments, blockchain platform, distributed ledger technology, blockchain transaction, blockchain trade finance platform, digital Bill of Lading, smart contracts, end-to-end payments

Hang Seng Bank completes blockchain-based transaction on eTradeConnect

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

Hong Kong-based Hang Seng Bank has announced that it has completed a pilot trade transaction using the eTradeConnect platform.

Hang Seng Bank, eTradeConnect, Hong Kong, Asia, trade finance, trade finance platform, blockchain, distributed ledger technology, Clover Group International Limited, Regina Miracle International Limited