As our world becomes increasingly digital, the digital divide has widespread implications, and the least developed countries (LDCs) are most likely to be negatively affected. 

Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today [20 September 2023]. 

Interoperability in open banking and open finance has many different facets and can mean many different things.

High-interest rates and elevated inflation are pressing suppliers to reduce their cash-conversion cycles

London/Toronto – September 17, 2023 – Trade Finance Global (TFG) is thrilled to announce the winners of the prestigious 2023 Trade, Treasury, and Payment Awards, in cooperation with BAFT. Celebrating its seventh consecutive year, the TFG Trade, Treasury, and Payment Awards 2023 have once again recognised the exceptional contributions to the global trade and finance industry.

The success and efficiency of Canadian corporations is integral to the well-being of our economy.

Despite the attention brought to the trade finance gap in recent years, it still continues to grow. A recent Asian Development Bank (ADB) report shows that the gap has now widened to $2.5 trillion. 

Cross-border payments can play a special role for people and businesses around the world. They allow us to send money to our loved ones, book a holiday of a lifetime, or start a business in another country. 

Over the last couple of years, we have seen an escalating development of digitalising trade. Fuelled by the obvious benefits, such as reduction of funding, courier, and administration costs, as well as the safety and speed of transferring trade documents digitally. 

With the passing of the UK’s Electronic Trade Documents Act (ETDA), the digital trade world is changing. While this is welcomed news for the entire industry, it also means that new partnerships and innovations need to come to fruition.