FCI, the global representative body for the factoring and receivables finance industry, has achieved a significant milestone by securing three major agreements during its annual meeting in Marrakesh.

Digital trade finance platform Contour has announced its closure, citing insufficient funding from its bank shareholders. Operations will cease on November 30, leaving users a brief window to complete transactions and download essential data.

A New York man with Ghanaian connections who engineered a trade-based money laundering (TBML) scheme to transfer illicit gains from online scams has been sentenced to 14 months in prison and ordered to pay $532,738 in restitution to 11 victims.

At ITFA’s 49th Annual International Trade and Forfaiting Conference in Abu Dhabi, TFG’s Deepesh Patel sat down with Gwen Mwaba, Director & Global Head, Trade Finance at African Export-Import Bank (Afreximbank). Their discussion revolved around the pressing issues facing African trade finance and the active role of DFIs in fostering African trade. 

In the ever-evolving landscape of international finance, one pressing question looms large: Can Central Bank Digital Currencies (CBDCs) truly transform the realm of cross-border payments? 

At the EBRD TFP Trade Finance Forum, TFG’s Deepesh Patel spoke with Aurel Bernat, Executive Director, Financial Institutions and Investor Relations at Banca Transilvania, Oleksandr Shchur, Member of the Management Board at JSC Ukreximbank Ukraine and Ženja Radanović, Head of Documentary, Business Department at Eurobank Direktna a.d. Beograd, Serbia.

At the ITFA annual conference in Abu Dhabi, Trade Finance Global (TFG) spoke with Mosa Tshabalala, Head of FI Trade Sales (International), Risk Distribution and Syndications at Absa Group, to explore the role of trade finance risk distribution in the African context.

International trade is vital to the growth of income and the country’s economy. It is, however, not possible to carry out any trade devoid of any risks.

In this episode of Trade Finance Talks, TFG’s Deepesh Patel was joined by Karin Oszuszky, Senior Investment Manager for Business Development at the OPEC Fund for International Development, during the European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Annual Conference in Vienna to discuss the OPEC Fund’s work in light of the latest trends and developments in trade finance and facilitation.

Correspondent banking relationships (CBRs) are the linchpin of international trade and finance, enabling cross-border transactions and providing a gateway to foreign financial markets.