EP Resources, the Swiss-based energy and commodities trading company, has chosen Surecomp’s RIVO™ solution to automate its trade finance
At the International Trade and Forfaiting Association’s (ITFA) 50th annual conference, Deepesh Patel, Editorial Director at Trade Finance Global, spoke to Marcus Miller, Managing Director, Global Lenders Solutions Group Leader, Credit Specialties at Marsh, about the OTD model and responsiveness to regulation.
The Middle Eastern bank Emirates NBD has partnered with Enigio, the technology provider responsible for the trace:original platform
At ITFA’s 50th annual conference in Cyprus, Rebecca Harding, Director at Rebeccanomics, explained a few reasons to Deepesh Patel, Editorial Director at Trade Finance Global.
The banks Citi and ING Germany have been working alongside export credit agencies Korea Trade Insurance Corporation (K-SURE) and Swiss Export Risk Insurance (SERV). In collaboration, they have successfully closed a $521.5 million, 12-year supported financing loan for Petrovietnam Power Corporation (PV Power).
As of June 2024, Houthi attacks in the Red Sea and Western Indian Ocean have escalated, with over 150 reported incidents since November 2023. These attacks have targeted both commercial and naval vessels, disrupting maritime traffic and global trade routes.
A coalition of major supply chain industry associations has thrown its weight behind the “declaration of the electronic Bill of Lading” (eBL). This development adds momentum to the commitment towards modernising international trade documentation.
Cleareye.ai’s ClearTrade technology will be implemented starting this month. The AI system aims to automate and streamline processing and compliance reviews of trade documents for Lloyds Bank’s clients. The technology… read more →
Categorising the 4 billion paper documents that are currently logjammed in paper trade is no easy feat. In April 2024, the International Chamber of Commerce’s Digital Standards Initiative (ICC DSI)… read more →
Forfaiting, insurance, digital trade documents, and ESG regulations are at the forefront of these developments, each playing a unique role in enhancing the efficiency, security, and sustainability of trade finance… read more →
