Trade Finance

Trade finance distribution platform Tradeteq secures US$6.3mn in seed extension funding

Tradeteq, the trade finance distribution platform, has raised US$6.3mn of equity investment in seed extension funding round, led by ADV. The financing will be used for the expansion of Tradeteq’s platform, and for the release of new applications and data services. Several of Tradeteq’s existing investors also participated in the seed extension round. Read more »

IDG Ventures, Jungle Ventures backed Vayana Network enables $1 bn in Trade Financing

Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, today announced crossing the USD 1 billion mark of trade financing on its network.  Vayana’s simple, cloud-based Network enables businesses and their trade partners get easy, digital and fast access to financing from Financial Institutions (FIs), such as Banks and NBFCs, at better than market rates. Read more »

The largest B2B & B2C event Traders Fair & Gala Night Singapore

SINGAPORE – The largest B2B & B2C event Traders Fair & Gala Night Singapore organized by FINEXPO is going to take place on October 26, 2018 at Suntec Singapore Convention & Exhibition Centre. Traders Fair & Gala Night Singapore is about to become the biggest world Financial Expo-Forum covering Financial and FX Trading Industry as well as it claims the role of the most favorable way to build up the business connections and widen... more Read more »

Report recognizes Finastra for both banking book and trading book operations

 Finastra has been positioned as a Category Leader in the Chartis RiskTech Quadrants for both banking book and trading book credit risk solutions. The rankings are featured in a recent report published by Chartis, titled Technology Solutions for Credit Risk 2.0, 2018, which assesses the technologies that are addressing the speed, flexibility and risk profile of the lending market. Read more »

Fresh ICC survey shows pace of trade finance digitalisation

The International Chamber of Commerce (ICC) 10th annual Global Survey shows that 60% of banks are moving towards greater digitalisation, though only 9% say technology solutions have so far increased efficiency.  Over 60% of banks surveyed in the new ICC report—Global Trade: Securing Future Growth—reported to have implemented, or to be in the process of implementing, technology solutions to digitalise their trade finance operations.  Read more »

Citizens Bank Taps Finastra and Infosys for Trade Finance Solution

Citizens Bank, working with Infosys as its implementation partner, has selected Finastra to power the trade finance solution it offers to its corporate clients. This new capability will enable Citizens’ corporate clients to digitize traditionally paper-based trade processes, leading to increased efficiencies and reduced costs. Read more »

FIATA and essDOCS launch project to digitise FIATA & NVOCC Bills of Lading

The International Federation of Freight Forwarders Associations (FIATA) has signed a Memorandum of Understanding (MoU) with essDOCS to provide a framework for further cooperation in digitising Bills of Lading. Read more »

Intrinio Collaborates with Quodd to Provide Direct Delivery of Nasdaq Real-time Data

Intrinio, a fintech marketplace providing access to high-quality, low-cost financial data feeds, announced today its partnership with QUODD Financial Information Services, a supplier of ultra-low-latency data feeds, to provide Nasdaq (Nasdaq: NDAQ)’s real-time data directly to individuals and enterprise-level clients.  Read more »

Bolero appoints Andrew Raymond as head of sales

Bolero International, the leading trade finance digitisation expert has appointed Andrew Raymond as its new global head of sales.  Raymond will leverage his 25-plus years’ global experience in the fintech market to drive further growth in the number of organisations using Bolero’s cloud-based services. Read more »

ABN AMRO standardises on CBA’s IBAS Global Trade Finance Factory

Norwegian software vendor Commercial Banking Applications (CBA), today announced that ABN AMRO will be implementing the new IBAS Customer Front-End System for Trade Finance across its global operations as part of a project to offer additional functionality to customers, increase efficiency and reduce total cost of ownership. Read more »

Surecomp successfully conducted E-Banking and Front Office 2020 event

Surecomp®, a leading provider of global trade solutions for banks and corporates, concluded today a comprehensive event which attracted over twenty attendees from fifteen leading European banks and corporate clients. Read more »

World Trade Board Kicks Off New Sustainable Trade Initiative and Expands Board to Promote Inclusive Global Trade

The World Trade Board today announced the addition of a new initiative on sustainable trade, alongside its existing three initiatives, as part of its pledge to advance standards and digitalisation in global trade finance. Read more »

Mizuho Financial Group, Mizuho Bank and IBM Japan to Launch Blockchain-based Trade Financing Platform

Mizuho Financial Group, Mizuho Bank and IBM Japan today announced they are building a blockchain-based trade financing platform. With the platform, Mizuho is aiming to streamline trading operations and improve supply chain efficiency. Read more »

Mizuho Financial Group Taps Cognizant to Develop a Distributed Ledger Solution for More Efficient and Secure Trade Finance

Cognizant today announced that it has been selected by Mizuho Financial Group, one of the largest financial institutions in the world, to develop a distributed ledger solution to make trade finance more efficient and secure. Read more »

TradeShift and CreditEase Join Forces for Trade Financing App

Tradeshift, the world’s largest business commerce platform, has partnered with CreditEase to deliver a trade financing app that will bring low-cost financing to millions of businesses in China. CreditEase, the largest peer-to-peer lender in China (and globally), can now deliver accounts receivables financing to millions of fast-growing small and medium enterprises (SMEs). Read more »

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