Everyone loves a first birthday party. The Electronic Trade Documents Act (or ETDA as it is affectionately known) celebrates that milestone on 20 September 2024. Whilst 12 months is barely a beat in the life of a statute, now nonetheless seems like an appropriate moment to reflect on its progress to date.
Swift, the global financial messaging system, has partnered with Wise, the international money transfer company, to expand cross-border payment options for financial institutions and their customers worldwide.
The International Trade and Forfaiting Association (ITFA) has been facilitating global trade finance by connecting various stakeholders, fostering collaboration, and driving innovation.
As the energy and commodities trading sector faces increasing scrutiny, optimising counterparty lifecycle management and onboarding processes have become increasingly critical.
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.
In the container shipping industry, players across the supply chain are at varying levels of digital maturity. From cargo owners and terminal operators to legislators and governments, the wide range of participants makes uniformity difficult to achieve. As does the vulnerability of global networks, prone to disruption now more than ever.
A pilot program led by the Asian Development Bank (ADB) has demonstrated a promising new approach to combating trade-based money laundering (TBML). This vast and underreported financial crime enables the flow of illicit funds through the global trade system.
EP Resources, the Swiss-based energy and commodities trading company, has chosen Surecomp’s RIVO™ solution to automate its trade finance
The 2024 CGI and BAFT Trade Technology Survey provides insights into how financial institutions navigate these changes and plan for the future. The survey reveals the strategic priorities and challenges which banks face and offers a comprehensive view of their adaptation strategies.
As businesses strive to optimise processes, enhance efficiency, and meet growing customer demands, the tools they use need to evolve as well.
