Bolero named recipient of ‘best trade finance strategy’ in Corporate Treasurer award
- 7 years 10 months ago
- Trade Finance
On 27th January, Bolero International, the leading trade finance digitisation platform, was named as one of the recipients of Corporate Treasurer 2016 Asia's Best Treasury and Finance Strategy awards. The annual awards honour those with proven vision, but also those who have endeavoured to share their ideas and broaden the treasury knowledge base within Asia, covering a wide range of categories including “Best Trade Finance Strategy” for which... more
DBS Announces Availability of Online Letter of Credit Service
- 7 years 11 months ago
- Letters of Credit, Banking
DBS has launched a new service that allows SMEs to apply for a Letter of Credit (LC) online within five minutes and have it issued within two business days.
Intesa Sanpaolo Opts for Bolero ePresentation to Open Up New Frontier in Italian Trade Finance
- 8 years 1 month ago
- Trade Finance, Banking
Intesa Sanpaolo, the leading Italian banking group, has used Bolero’s ePresentation to become the first nationwide Italian bank to issue an electronic import documentary credit, breaking new ground in digitisation of the country’s trade. This pioneering use of an electronic trade instrument slashed the time it took to administer a transaction involving a major Italian thermoplastics company and its Indian supplier and was introduced by the... more
Misys and essDOCS accelerate unique partnership in paperless trade
- 8 years 2 months ago
- Trade Finance
Misys and essDOCS, the leading enabler of paperless trade, have joined forces to further eliminate the paper-based and manual processes that hamper international trade finance business. The partnership will see essDOCS’ CargoDocs electronic documents (eDocs) capabilities integrate natively with Misys FusionBanking Trade Services solutions. Digitised documents along the physical supply chain can now be leveraged for use in the financial supply... more
Ecobank Wins Trade Finance and Treasury Awards at Sibos
- 8 years 2 months ago
- Trade Finance, Treasury
Ecobank, the leading independent pan-African banking group, has won the awards for Best Trade Finance Services in Africa and Best Treasury Services in Africa in this year’s Treasury Services Awards, organised by financial trade magazine EMEA Finance. The awards were handed out in Geneva today on the margins of Sibos, the major annual banking conference organised by SWIFT. According to EMEA Finance, Ecobank’s strong pan-African platform and its... more
Managing Risk and Driving Trade will Shape Next Chapter of the African Growth Story
- 8 years 2 months ago
- Trade Finance, Banking, Risk Management
“A correct understanding of risk in Africa – along with an appreciation of the growth potential yet to be unlocked by trade; both cross-border and intra-Africa, provides global corporates with a new lens through which to identify and access African growth,” says Vinod Madhavan, Head, Transactional Products and Services, Africa at Standard Bank.
Standard Chartered Enters Into Strategic Partnership with GlobalTrade Corporation
- 8 years 2 months ago
- Trade Finance
Standard Chartered Bank has entered into a strategic partnership with GlobalTrade Corporation (GTC) to become one of the first international banks to offer GTC’s innovative @GlobalTrade™ multibank trade finance platform to clients in Asia, Africa and the Middle East. This partnership will leverage Standard Chartered’s unique network footprint and GTC’s multi-bank technology coupled with SWIFT connectivity to meet the trade finance needs of... more
Accuity Unveils Enhanced Dual-Use Goods Screening Engine to Tackle the Hidden Risks in Trade Finance
- 8 years 2 months ago
- Trade Finance, Infrastructure
Accuity, the leading global provider of compliance solutions, has today launched its enhanced dual-use goods screening capability. This sophisticated screening engine intelligently differentiates between goods that could have civil and military purposes. A unique solution, it enhances standard regulation lists with additional synonyms and data points to increase the chance of catching high-risk goods, however they are described and ultimately... more
World Trade Board Strives to Enhance Standards and Digitalisation in Global Trade and Finance
- 8 years 2 months ago
- Trade Finance
Today at Sibos 2016, the World Trade Board unveiled three key initiatives to drive the trade finance agenda. The commitment follows the World Trade Symposium, held in June 2016, co-organised by Misys and the Financial Times. It marks a move to facilitate and expand global trade in support of long-term economic growth and prosperity for people across the world.
Cognizant Joins Chamber of Digital Commerce
- 8 years 3 months ago
- Blockchain, Trade Finance, Regulatory Standards
Cognizant, a leading provider of information technology, consulting, and business process services, has joined the Executive Committee of the Chamber of Digital Commerce.
Trek Bikes Enhances Global Trade Operations with Amber Road Solution
- 8 years 4 months ago
- Trade Finance
Amber Road, a leading provider of global trade management solutions, today announced that Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has selected its Trade Automation solution to lower landed costs and manage global trade. Trek bicycles and cycling products are sold through 5,000 independently-owned retail locations in over 90 countries across North and South America, Europe, and Asia.
Bolero Expands in Asia with the Opening Office and Key Hire
- 8 years 6 months ago
- Trade Finance
Bolero International, the leading trade finance digitisation platform, continues its growth in Asia with the opening of a new office in Shanghai as well as the appointment of Neil Johnson as its Head of Business Development in Singapore.
essDOCS Strengthens its Presence in Asia by Opening a New Office in Tokyo
- 8 years 6 months ago
- Trade Finance
essDOCS, the leading enabler of paperless trade, announced today the opening of its Japan office in Tokyo.
Federal Republic of Germany Joins Markit Trade Management Service for OTC Derivatives
- 8 years 7 months ago
- Trading Systems, Trade Finance
Markit announced that the Federal Republic of Germany (the Bund), through the Federal Republic of Germany - Finance Agency GmbH (Finance Agency) acting as the central service provider for the country’s borrowing and debt management, is one of the newest customers of Markit Trade Manager. The Bund will use Trade Manager to automate post trade processing of OTC derivatives positions, including managing the workflow it requires as a member of the... more
MIT Signs Contract with OCBC Bank to Boost TRAC System in Singapore
- 8 years 7 months ago
- Trade Finance, Banking, Infrastructure
MIT successfully acquired yet another new major customer when it signed a contract with OCBC Bank, on May 10th 2016 to support the bank’s Commodity Trade Finance business with its TRAC (Trade Risk Active Control) system. “We are excited to break into the Asian market”, says Paul Cohen Dumani, General Manager at MIT, adding that “MIT increases its footprint in Singapore with NATIXIS Singapore already using TRAC”.
