A report by the Trade and Supply Chain Finance Program (TSCFP) at the Asian Development Bank (ADB), in collaboration with Business and Finance Consulting (BFC), has laid out how declining CBRs jeopardise these countries’ ability to conduct international trade and receive vital remittances, potentially exacerbating their economic vulnerabilities.
The issue of personal identity (ID) cards in the UK has been contentious for many years. Their purpose was to create a system for registering British citizens linked to a national identity database.
The announcement came during a roundtable discussion at the World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings on 25 October in Washington DC. The initiative brings together… read more →
The facility will be used to extend credit to businesses across African markets, with a particular focus on small- and medium-sized enterprises (SMEs) involved in regional and international trade, according… read more →
Bills of exchange (BoEs) have remained paper-based for some time. This new solution offers a comprehensive end-to-end digital platform as a replacement. Flows will take place within Citi’s proprietary receivables… read more →
China’s currency – the renminbi (RMB) – is finding new appeal among emerging market traders and global investors seeking alternative settlement options.
The sometimes-termed ‘Olympics of banking’ saw the biggest names in banking give speeches and panels over four days covering new developments in the industry, innovation, and emerging themes for the… read more →
The collaboration, announced at FCI’s 15th CEE & SEE Regional Conference on Factoring & Supply Chain Finance in Prague, aims to standardise fraud prevention measures in factoring and receivables finance.… read more →
The COVID-19 Pandemic threw a spanner in the workings of the entire global economy. But the African continent, where the financial market ecosystem was fledging, was hit adversely hard. In… read more →
In a panel session entitled ‘Fighting financial crime: Taking a collaborative approach,’ participants discussed how real-time payment systems are helping to tackle fraud.
