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.
Globalisation is not dead, contrary to recent claims. Nowhere is this more evident than in global trade, where high-growth trade corridors in Asia, Africa and the Middle East are set to outpace the global average by up to four percentage points.
Cross-border payments are an essential part of the global economy. Historically, the cost and potential delay of processing have added unnecessary friction to commerce. As payments wait to be settled, gaps in visibility can frustrate both sides of the transaction.
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.
To learn more about the latest updates on MLETR adoption in the G7 countries and emerging markets, Trade Finance Global spoke with Luca Castellani, legal officer at the Secretariat of the United Nations Commission on International Trade Law (UNCITRAL)
Trade Finance Global (TFG), a leading trade finance platform, and Tinubu, a global credit risk and trade credit insurance provider, are pleased to announce an upcoming webinar exploring the potential solutions to the trade finance gap in Africa through credit insurance and export credit. The event will take place on 10 July 2023 at 12:00 PM BST, featuring prominent industry experts as panel speakers.
The International Chamber of Commerce (ICC) has announced the update and alignment of three critical banking rules following a mandate from the ICC Global Banking Commission members in October. The… read more →
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 →
Today, the Law Commission of England and Wales published their recommendations for reforming and developing digital asset laws. Digital assets – which include crypto-tokens (sometimes referred to as ‘cryptocurrencies’) and… read more →
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 →
