From payments, credit and lending, to trade and supply chain finance, the entire financial services industry is being disrupted. Regulatory requirements, industry standards and the environmental, social, and governance (ESG) agenda have accelerated.
ICC and Swift, the global leader in secure financial messaging services, have unveiled the first application programming interface (API) industry standards for bank guarantees and standby letters of credit. The… read more →
Although there is widespread support for ESG initiatives and a large proportion willing to prioritise positive environmental and social impacts over financial returns, Standard Chartered’s research reveals that many companies still haven’t made concrete sustainability commitments or set targets.
Lloyds Bank has initiated a strategic trade collaboration with UBS to bolster its global presence, aiding its UK-centric clientele to conduct business across 170 nations globally. Through this pact, the… read more →
The Electronic Trade Documents Act (ETDA) is soon to be granted Royal Assent and will be implemented two months thereafter. This Act is the result of years of dedicated effort… read more →
The International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instruments (DNI) Initiative Day, hosted in London on 12 July 2023, served as an important platform for the future of trade finance.
In the ever-revolving landscape of trade payments, a notable trend is gaining momentum as the global financial industry embraces ISO 20022 – a data-rich and interoperable universal messaging format set to replace the legacy Message Text (MT) that has prevailed for years.
Africa, a continent synonymous with immense economic growth potential and abundant opportunities, has long grappled with transforming that potential into tangible growth. Despite being hailed as a land of promise, the realisation of Africa’s vast potential has remained elusive year after year.
Digitalisation is unlocking a multitude of real-time benefits for terminal operators, commodities traders and lenders, promising to make full transparency in inventory management and transaction flows the new normal.
According to a study released on Wednesday by the US-based Atlantic Council think tank, 130 nations, representing 98% of the global economy, are currently exploring digital variants of their currencies.… read more →