Articles with tag like: trade finance platform

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Russia-based Sberbank joins blockchain trade finance platform

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

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

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

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

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

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

IFFCO Singapore launches trade finance platform with dltledgers

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

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

HSBC processes first blockchain letter of credit using CNY with Voltron

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

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

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

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

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

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

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

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

ANZ leads regulators towards trade finance blockchain

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

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

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

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

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

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

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

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

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

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

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

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

Hang Seng Bank completes blockchain-based transaction on eTradeConnect

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

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

German startup Modifi launches digital trade finance platform

News | E-invoicing, SCF & E-procurement | 16 Nov 2018

Germany-based Modifi has launched a digital trade finance platform, enabling small and medium sized enterrises to receive trade financing.

Modifi, dgital trade finance, product launch, trade finance platform, SME loan, lending, financing, Germany, Solarisbank

HSBC, StanChart, others launch HK blockchain trade finance platform

News | E-invoicing, SCF & E-procurement | 01 Nov 2018

HSBC, Standard Chartered, and 10 other banks, have launched a blockchain-based trade finance platform in Hong Kong, called eTrade Connect.

HSBC, Standard Chartered, trade finance platform, Hong Kong, eTrade Connect, blockchain technology, Agricultural Bank of China, BNP Paribas

Peoples Bank of China pilots blockchain trade finance platform

News | E-invoicing, SCF & E-procurement | 14 Sep 2018

A new trade and finance blockchain platform backed by the People\s Bank of China has started official pilot operations in Shenzhen, China.

Peoples Bank of China, blockchain, trade finance, trade finance platform, supply chain finance, Guangdong, Hong Kong and Macao Dawan District Trade Finance Blockchain Platform

Hong Kong launches blockchain-based trade finance

News | E-invoicing, SCF & E-procurement | 16 Jul 2018

Hong Kong Monetary Authority has announced going live in August 2018 with a blockchain-backed trade finance platform set to link up with 21 banks.

Hong Kong Monetary Authority, trade finance, China, blockchain, trade finance platform, Ping An Group, supply-chain finance

Nordea joins blockchain based trade finance platform

News | Online & Mobile Banking | 05 Dec 2017

Nordea has joined the we.trade consortium developing a platform based on distributed ledger technology (DLT).

Nordea, blockchain, distributed ledger technology, trade finance platform, B2B