In order to communicate with each other, banks use a messaging system called SWIFT (Society for Worldwide Interbank Financial Telecommunication), which provides a standardized and secure way to exchange information. There are several different types of SWIFT messages that banks use for various purposes.
Following on from our first predictions article, the incremental gains for credit insurance, trade and supply chain finance, TFG surveyed 9 more industry experts looking at what we might expect for technology for trade, treasury and payments in 2024.
40% of Britons want to exercise more in 2024, according to Forbes. For many, this means going to the gym, which has almost as many acronyms as trade and supply chain finance.
The United Nations Conference on Trade and Development recently published the World Investment Report 2023 stating that foreign direct investment (FDI) flows to Africa reached the level of $45 billion in 2022, demonstrating Africa’s attractiveness as a destination for investment.
According to Mastercard’s 2023 Borderless Payments Report millions of consumers and SMEs worldwide are increasingly dependent on both intra and cross border payment flows.
As we bid farewell to 2023, it’s time to reflect on the dynamic landscape of global trade and finance. At Trade Finance Global (TFG), the past year has been marked… read more →
To start off the year 2024, we wanted to set out the top seven trade trends we’ll be watching through the coming year.
When the destination place is a terminal and the buyer is to collect the goods, then they will require a transport document showing them as the consignee/notify party.
Businesses and public authorities across the EU may be facing tougher laws on late payments, with the European Commission proposing a new regulation enforcing maximum 30-day terms.
At TFG, we took the time to reflect back on the happenings across trade, treasury, and payments in 2023. After sifting through our news archives and speaking with industry experts, we devised this list of 9 key events and themes that shaped trade, treasury, and payments in 2023.
