Global loss figures published by operational risk association ORX, reveal a decline in total gross loss across the banking community.  This is despite the challenging environment created by both external… read more →

Global fintech brand SCHUMANN has announced that it has founded a new subsidiary based in London, UK. Registered as SCHUMANN International Ltd, the new subsidiary aims to give SCHUMANN a… read more →

Your Monday morning coffee briefing from TFG. Sixty-seven countries signed a landmark WTO deal set to cut the cost of global services trade by $150 billion per year.

UK-based fintech Finastra has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator.  The move enables banks, corporates, and borrowers to calculate ARR… read more →

After three years of effort and numerous negotiations with insurers, banks, law firms, and brokage firms, ITFA has released a Basel III policy form that elevates policy wordings and enhances… read more →

Trade Finance Global announces partnering with SCHUMANN for its Digital Credit Risk Management Conference taking place on the 30th of September of 2021.

The Alternative Reference Rates Committee (ARRC) is announcing recommendations and best practice advice to aid and accelerate the transition away from the U.S. dollar (USD) LIBOR. The committee is recommending… read more →

Deutsche Bank announces the closing of two new 203 million euro social loans with the Republic of Ghana. The financing agreements have a 95 percent insurance cover by the African… read more →

SINGAPORE – Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US$830 million syndicated revolving credit facility (the “Facility”)… read more →

Despite the economic outlook and uncertainties, insurance coverage for trade reaches new peaks in 2020. Trade Insurance Insured exposure was € 2.4 trillion in 2020 despite the Covid-19 pandemic, thereby… read more →