Traydstream expands into Africa with Stanbic Bank mandate
- 5 years 3 months ago
- Trade Finance
Stanbic Bank Uganda (SBU) and Traydstream Ltd have signed an agreement to implement the Traydstream platform at SBU. This platform is intended to digitize the current manual process of vetting Letters of Credit for Discrepencies. The trade document processing conducted over the past few months proved the dramatic improvement the Traydstream platform brings to SBU’s processing, turnaround and end-to-end trade capabilities.
Commerzbank and LBBW have set a new milestone in the digitalisation of commercial transactions based on blockchain technology
- 5 years 4 months ago
- Blockchain, Trade Finance
LBBW and Commerzbank have once again executed a trade transaction between Voith and KSB SE, via the Marco Polo trade finance network, built on R3’s distributed ledger technology (DLT) platform, Corda. This time, besides the two companies involved, logistics provider Logwin AG was incorporated into the digital process chain – directly, and in real time. This represents a milestone in the expansion of the digital trade finance ecosystem.
Traydstream and Nokia, along with three of its advising banks, embark on a pilot ecosystem
- 5 years 6 months ago
- Trade Finance, Compliance
Traydstream, the machine learning-based trade rules and compliance-checking platform, is excited by a new pilot partnership with Finnish multinational exporter, Nokia Corporation and several of its major advising banks. Orchestrated around an industry event in Finland earlier this year, Nokia was keen to pilot the Traydstream platform for a trail-blazing approach to improve the speed, efficiency as well as standardisation of their document... more
The Biggest Buy Side FX Gathering
- 5 years 6 months ago
- Trading Systems, Trade Finance
This September over 250 heads of FX trading and portfolio management from Europe’s leading buy side firms will be exclusively gathering in Barcelona again for TradeTech FX. With over 600 market leading FX specialists in attendance, TradeTech FX continues to deliver the industry’s biggest and most senior FX event in Europe. 3 reasons why you should attend:
Surecomp Inaugurates SureLab Innovation Center
- 5 years 8 months ago
- Trade Finance
Surecomp, the global trade finance fintech leader, announced today the inauguration of SureLab, Surecomp’s newly established innovation lab. SureLab was established to centralize Surecomp’s digitization initiatives thereby enabling Surecomp to maintain its position at the forefront of trade finance innovations. SureLab aims to introduce new technologies to the digital trade finance arena.
BNY Mellon Global Survey shows that technology and regulatory revision help to reduce the trade finance gap
- 5 years 8 months ago
- Trade Finance
BNY Mellon released its "Overcoming the Trade Finance Gap: Root Causes and Remedies" report, which finds that the trade finance gap remains a significant issue for global trade, according to 100 global, regional, and domestic banks, specialist trade providers and other market participants responding to its survey.
Vayana Network enables Rs.15000+ Crores in Trade Financing
- 5 years 8 months ago
- Trade Finance
Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, announced that it has facilitated over Rs.15000 crores in trade finance. Vayana’s digital Network enables businesses and their trade partners get easy, convenient and fair-priced access to financing from Financial Institutions (FIs), such as Banks and NBFCs.
Fourteen Banks and Financial Institutions Launch Drive to Develop Multi-trillion Dollar Trade as an Asset Class
- 5 years 8 months ago
- Trade Finance, Banking
Fourteen leading global financial institutions have launched a drive to use technology and standardisation for the wider distribution of trade finance assets. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative).
CBA accelerates digitisation and robotisation of Trade Finance operations with new IBAS Releases
- 5 years 9 months ago
- Trade Finance
Norwegian software vendor Commercial Banking Applications (CBA), today announced that the latest release of its IBAS GTF – Global Trade Finance Factory – went live at all CBA’s user banks in November 2018, in full compliance with SWIFT Release 2018. Release 10.23 of IBAS GTF incorporates all changes mandated by SWIFT to its Messages for the handling of Documentary Credits. The new IBAS Release enables a high-level of automation, digitisation... more
Surecomp Announces Its Trade Finance App Store, SureStore
- 5 years 10 months ago
- Trade Finance
Surecomp®, the global trade finance fintech leader, announced today the launch of SureStore, an industry first app store offering best-in-class applications for banks and corporates trade finance departments. Today's announcement comes on the heels of Surecomp’s successful roll-out of APIsure, its open API platform that enables the rapid adoption of these new products and services.
Tradeteq partners with World of Open Account for “receivables as an investment class” Learning Lab
- 5 years 10 months ago
- Artificial Intelligence, Trade Finance
Tradeteq, the innovative AI-driven trade finance investment platform, has partnered with World of Open Account (WOA) to become Chair Partner of their “receivables as an investment class – funding and capital” Learning Lab. WOA’s Learning Labs gather members of the WOA community to provide insight and knowledge into four areas of strategic importance to the open account ecosystem: People and Talent; Risk and Regulation; Products and Markets;... more
Vayana Network enables $1 bn in Trade Financing
- 6 years 4 months ago
- Trade Finance
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.
Trade finance distribution platform Tradeteq secures US$6.3mn in seed extension funding
- 6 years 5 months ago
- Trade Finance
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.
IDG Ventures, Jungle Ventures backed Vayana Network enables $1 bn in Trade Financing
- 6 years 5 months ago
- Trade Finance
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.
The largest B2B & B2C event Traders Fair & Gala Night Singapore
- 6 years 5 months ago
- Trade Finance
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
