Correspondent banking relationships (CBRs) are the linchpin of international trade and finance, enabling cross-border transactions and providing a gateway to foreign financial markets.
In the realm of trade, treasury and payments, the quest for seamless transactions and the bridging of technological divides has taken centre stage. At Sibos 2023 in Toronto, the panel “Corporate to Bank APIs for Guarantees – Are we Future Ready?” focused on the role of standardisation in driving technological development for the industry.
To help drive digital adoption in trade, Stephenson Harwood, in alliance with Virtus Law LLP, has collaborated with Singapore’s Infocomm Media Development Authority (IMDA) to release an article, TradeTrust-enabled Electronic Bills of Lading – A legal and practical analysis of their use in global trade.
Sibos 2023, held this year in Toronto, allows industry stakeholders to come together to discuss industry trends and issues.
Vinay Mendonca, Chief Growth Officer, Global Trade and Receivables Finance at HSBC, sat down with Deepesh Patel at Sibos Toronto to discuss these shifts and how they are influencing trade finance.
Five industry associations have backed an electronic bill of lading (eBL) by declaring they will secure a commitment from stakeholders to collaborate on driving digitalisation. DCSA, BIMCO, the International Federation… read more →
Africa has been a gateway for trade for centuries, yet the development of modern financial instruments like receivables finance has lagged. Receivables finance is not just a financial instrument. It’s a lifeline for businesses, especially in the ever-evolving landscape of African trade.
In an era defined by lightning-fast technological advancements and an increasingly interconnected global economy, the cross-border payments market is undergoing a radical overhaul.
How could a common platform fluidify and modernise credit insurance operations and provide greater value to the industry?
Reporting live from the EBRD Trade Facilitation Programme Trade Finance Forum in Vienna, we bring you an exclusive interview with Tsolmon Bat-Erdene, Manager of FI and TF in the International Banking Department at Khan Bank, Mongolia.
