Trade Finance Global (TFG) is pleased to announce the upcoming Trade, Treasury & Payments Awards 2023 ceremony, presented in cooperation with BAFT. These prestigious awards recognise individuals and organisations that have made outstanding contributions to the trade, treasury, and payments sectors.

Finastra, a global provider of financial software applications and marketplaces, announced it has completed testing and certification for the FedNow Service, becoming one of the first vendors in the industry… read more →

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.

In trade finance compliance, getting the details right matters. Regulators around the world, the financial institutions involved and, of course, bank clients, have a keen interest in ensuring that trade transactions do what they are designed to do: ensure timely payment and prevent fraud, all in line with constantly changing international regulations. As that suggests, there is always the potential for a mistake to cost the bank a great deal of money and put a major dent in its reputation. That threat, in turn, can put a lot of pressure on staff.

Central Bank Digital Currencies (CBDCs) have infiltrated the agenda of countless innovation meetings at the world’s central banks.

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.  

A recent report by Convera, a global B2B payments provider, predicts a substantial increase in the value of global services trade over the next five years. The Future of Trade… read more →

Today, HSBC unveiled a pioneering banking solution in Hong Kong, introducing point-of-sale financing for business-to-business (B2B) transactions. This offering will empower B2B sellers on online platforms to provide extended payment… read more →

The financial services industry is constantly changing, and the pace of change is accelerating rapidly, especially for the payments sector. The industry has witnessed many shifts: from the barter system to cash, from cheques to cards, and from cards to digital banking and payments.

Today, Standard Chartered and global payments platform Tazapay announced a partnership to deliver payments and commerce-enabling services as part of the bank’s broader initiative to provide curated financial services on… read more →