Strong focus on developing agriculture, energy, private & SMEs sectors in Africa CIS Member Countries to see increased support across the private sector and SMEs development (Jeddah, KSA, 4 November 2019). The International… read more →

Despite what economists, central bankers, and politicians may tell you, the evolution of the world economy is not a graceful one. Rarely does it feel cooperative, since getting a good look at how a single element impacts the whole can seem downright impossible. However, the past few days have shined a light on how trade helps shape the global economic landscape, make waves across markets, and set the tone for the future.

Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 28th October 2019.

With trade and economic sanctions becoming an ever more popular tool of foreign policy in today’s uncertain geopolitical climate, AML, screening and anti-fraud obligations are increasing in scope and complexity. At the same time, the growth in international cross-border trade to around $16 trillion per annum creates an environment that’s ripe for abuse for those wanting to launder money or finance terrorism or criminal activities through the guise of legitimate trade.

TFG caught up with Steve Lotito, Managing Director & Head of Trade Finance-North America, Transaction Banking at MUFG. Steve is also in the Board of Directors of BAFT. There are many challenges and opportunities facing the trade finance business that requires daily attention to the most senior Business Heads.

Brexit’s greatest roadblock currently takes the form of a 310-mile border spanning the Irish countryside. How come?

Looking at the bigger picture of international trade flows and supply chains is crucial when looking at helping businesses access finance. We heard from Tony Brown at the Annual WOA Convention, discussing the world of open account pre- invoice, including purchase orders, transportation, distribution and pre-shipment finance.

Open Account financing is going through a period of rapid change, thanks to digital innovation and competition. Recognised as a safe and flexible way for financing the real economy, we caught up with Erik Timmermans, founder of WOA, and John Brehcist, at their annual convention, to discuss the hottest topics in receivables finance.

Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 28th October 2019.

Trade and supply chain finance is at the forefront of innovation as there are currently many pain points for corporate clients and banks. As the industry moves towards a platform model, we heard from Accenture’s Cecile Leruste on thee major transition and megatrends going on in commodity finance.