The Bank for International Settlement (BIS) announced on Tuesday, September 17, that 41 major private sector financial firms would join Project Agorá, the Basel-based bank’s pioneering wholesale cross-border payments tokenisation project.
Nedbank Corporate and Investment Bank, the Johannesburg-based bank, has announced a strategic partnership with UAE logistics provider
In the container shipping industry, players across the supply chain are at varying levels of digital maturity. From cargo owners and terminal operators to legislators and governments, the wide range of participants makes uniformity difficult to achieve. As does the vulnerability of global networks, prone to disruption now more than ever.
To better support growing small businesses, the U.S. Small Business Administration (SBA) recently announced a new pilot loan program that intends to help close the trade finance gap experienced by SME exporters. The 7(a) Working Capital Pilot (WCP) is the SBA’s first new loan program introduced in more than a decade and will be able to support lines of credit up to $5 million.
At ITFA’s 50th annual conference in Cyprus, Trade Finance Global’s editor Deepesh Patel, sat down with NLN Swaroop, Global Product Head for Sustainable Trade Finance, Innovation, Financial Institutions, Capital Management… read more →
Lloyds Bank has introduced a new digital solution to simplify the application process for guarantees and standby letters of credit (SBLCs). While available for all Corporate clients, the solution is… read more →
British International Investment (BII), the UK’s development finance institution, has announced plans to provide up to £30 million to bolster Ukraine’s international trade amid ongoing economic challenges.
The Prudential Regulation Authority (PRA) has released its second policy statement on the implementation of Basel 3.1, set to take effect in January 2025.
The trade finance industry is at a unique juncture. Growth is driven by advancements in data, artificial intelligence (AI), and global client engagement. Its pace is undeniably exciting.
Deepesh Patel, Editor at Trade Finance Global, was joined by Sian Aspinall, Group CEO, BPL Global Board Member, Insurance Committee at the International Trade and Forfaiting Association (ITFA), at ITFA’s 50th annual conference in Cyprus.
