City Bank has become the first Bangladeshi bank to execute a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology.
Announced: latest confirmed speakers for the UK-Japan Free Trade Summit: A Shared Political, Economic and Financial Vision for Mutual Benefit (20 January).
Your Monday morning coffee briefing from TFG. Talks between the UK and the EU on their future relationship continue without a breakthrough, and the UK government placed London and much of South East England under tier 4 restrictions.
December 15: Contour, the global trade finance network has today announced that HSBC has become the first full production member of the network following Contour’s commercial launch in October this… read more →
This article discusses the potential benefits of using blockchain technology for trade finance activities and highlights the significant challenges facing blockchain adoption.
Trade finance has been undergoing a digital revolution for decades. But the advancement of new technologies such as blockchain and distributed ledger technologies (DLT) have accelerated this. A recent 2020 study by TFG and WTO shows 12 initiatives using DLT in trade finance (both open account and documentary trade).
The age old problem of document digitization in trade has probably been around since goods were traded using stone tablets in the Mesopotamian era. So who’s making a dent using blockchain / distributed ledger technology? From the updated WTO / TFG periodic table of projects in trade, we reveal 12 projects tackling this head on.
SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) today signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally.
LONDON, September 17, 2020 – The global economy will lose up to $10 trillion in GDP in 2025 unless governments repeal or reduce tariffs and non-tariff barriers that currently obstruct… read more →
Enabling seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability Made available through a next-generation digital platform that maintains SWIFT’s hallmark focus on… read more →
