Innovative solution combats fraudulent transactions before money leaves the bank or corporate organization London, UK, September 23, 2019 – Today at Sibos 2019, Finastra has announced its partnership with Swiss Fintech, NetGuardians, which sees… read more →

New York – 19 September, 2019 – Bank of America announces that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.

LONDON, September 19, 2019. Trade Finance Global released its third issue of Trade Finance Talks entitled ‘Tradetech & Trade Wars’ – the Sibos edition.

To advance trade finance’s digital transformation, financial institutions and technology providers alike are ramping up efforts to cooperate through a number of consortiums. But, to ensure these various initiatives do not create a cluster of “digital islands”, a more joined-up approach is required.

Distributed Ledger Technology (DLT) has been around for several years and has its roots in the world of cryptocurrencies, often referred to as Blockchain. Having brought some very interesting opportunities to the Banking market, attention was sparked in other industries such as Insurance, Healthcare, Shipping, Supply Chains, Manufacturing and Trade Finance.

Over the past 2-3 decades there have been many attempts to digitise parts of the trade and trade finance process, but it’s the complexity of trade that remains the challenge. Most successful attempts at digitisation have had to bite off a small piece of the problem and this has led to silos or what I call a ‘digital island’ phenomena.

This short note explores the potential second order effect of Blockchain and other new technologies on the Trade Finance ecosystem.

Despite today’s climate of rising trade tariffs and falling trade volumes, UniCredit’s Global Head of Global Transaction Banking, Luca Corsini, claims we have reason to remain optimistic for trade finance revenues in the coming months, pointing to the rising need for security in trade transactions, the rise of digital platforms to simplify and expand service provision, and continued infrastructure development stemming from Asia

The mobile phone revolution was ignited by Apple, but democratized by Google and enabled by an implementation of an open-source operating system, now called Android.

London, UK & Swieqi, Malta – September 17, 2019: VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, announces a memorandum of understanding (MOU) with essDOCS, a leading enabler… read more →