The service enables Chinese businesses to receive payments through local clearing systems– a cheaper option than setting up foreign accounts. The HSBC virtual account solution also enables Chinese businesses trading… read more →

Rental services are becoming more common throughout the shipping industry and among online customers. What should sector professionals do to support the continued growth of these services?

Finastra, a Worldwide Supplier of Financial Software and Platforms, has Joined Forces with ELCY, an Expert in E-commerce Systems for Managing International Trade Finance. Their Collaborative Effort is Aimed at… read more →

Vinay Mendonca, Chief Growth Officer, Global Trade and Receivables Finance at HSBC, sat down with Deepesh Patel at Sibos Toronto to discuss these shifts and how they are influencing trade finance.

High-interest rates and elevated inflation are pressing suppliers to reduce their cash-conversion cycles

US manufacturing experienced a further decline in June, reaching levels not seen since the initial wave of the COVID-19 pandemic. However, there is a positive aspect as price pressures at… read more →

The UK’s first E-Commerce Trade Commission was launched on 13th June, to encourage 70,000 more small British businesses to trade and export online and help boost the economy by £9.3bn The… read more →

According to a recent study conducted by Grand View Research, Inc., the global fraud detection and prevention market is expected to experience substantial growth, reaching a value of £90.07 billion… read more →

The Single Trade Window (STW) is a technology concept proposed within the 2025 UK Border Strategy, published by the Cabinet Office in 2020. It builds upon the recommendation and guidelines proposed by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT).

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 →