The Bank for International Settlement (BIS) announced on Tuesday, September 17, that 41 major private sector financial firms would join Project Agorá, the Basel-based bank’s pioneering wholesale cross-border payments tokenisation project. 

Unpredictability is a defining characteristic of today’s trade finance scape. In this regard, the need for insurance cannot be understated. Speaking to Trade Finance Global’s Deepesh Patel at ITFA’s 50th… read more →

According to recent data from the State Administration of Foreign Exchange, the renminbi’s use in China’s cross-border transactions has hit an all-time high. In July 2024, 53% of China’s inbound and outbound transactions were conducted using the renminbi, surpassing the US dollar in China’s international receipts.

The payment card services provider Visa has signed a worldwide agreement with Revolut, the financial technology company and payments app, to launch Instant Card Transfers for Revolut Business customers.

Trade negotiated on the Finteum Platform, which uses R3’s Corda, and executed on the TP ICAP UK MTF, with Finteum also acting as the arranger

Toronto, 30 July 2024 – Surecomp® today announced a new collaboration with Visa, a world leader in digital payments.

ANZ has announced its achievement as the first major Australian bank to execute a cross-border payment into Australia in near real-time

Citi and Emirates NBD, a top banking group in the MENAT (Middle East, North Africa and Türkiye) region, announced a partnership to introduce Citi’s innovative 24/7 USD Clearing service in the Middle East on Wednesday. 

Despite a year-over-year decrease in global remittances due to various economic pressures, the report reflects a positive outlook from senders regarding future remittances.

Citi has announced the launch of Citi Real-Time Funding (RTF), the newest addition to its real-time treasury suite for corporate clients. Citi Real-Time Funding is now available in Australia, Hong… read more →