Like every aspect of the financial services industry, the correspondent banking world has changed a great deal over recent years due to technology, regulatory regimes, and risk management.
Central Asia is becoming increasingly attractive to investors. It has abundant natural resources and is strategically located, leading to its reputation as a region with untapped economic potential.
Trade Finance Global (TFG) is thrilled to launch its latest addition to the platform—a dedicated Correspondent Banking hub, in collaboration with BAFT and EBRD. This innovative hub aims to provide… read more →
This article focuses on correspondent banking, its role in international trade, and shortfalls of the traditional model that adversely affect lower-income countries, impeding economic development and the advancement of financial inclusion.
Much like the rest of the global economy, the world of correspondent banking has undergone rapid changes in recent years. Though we have started to witness the changing dynamics of correspondent banking relationships, we have yet to truly understand their long-term impacts. TFG heard from leaders at banking association BAFT, who have recently partnered with TFG for the launch of their correspondent banking hub.
During the European Bank for Reconstruction and Development’s (EBRD) 32nd Annual Meeting and Business Forum in Samarkand, Uzbekistan, TFG spoke with several industry leaders to learn more about the particulars of a first-of-its-kind transaction.
In recent years, de-risking has become a common practice among financial institutions worldwide. Some institutions take on the role of withdrawing funds, while others are left with limited leverage and resources to ensure the continuity of their client’s international operations.
At the ICC UAE Trade Facilitation Summit in Dubai, Trade Finance Global (TFG) spoke with Vincent O’Brien, director of ICC United Arab Emirates (ICC UAE) and associate director of the Institute of International Banking Law and Practice (IIBLP), to learn more about trade in the Gulf Cooperation Council (GCC) region.
Finding from recent Finastra research shows that bank view fintech partnerships as a vital strategy, with three in four banks looking to connect with three fintechs in the next 12-18… read more →
The Board of Directors of the African Development Bank Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the… read more →