The financial services industry (FSI) has changed dramatically over the past decades due to technological developments in telecommunications, information technology, and financial practice.
The dematerialisation of invoices and other supply chain documents is set for rapid growth. Most importantly the B2B market can be expected to build on the success of larger enterprises in automating their accounts payable and receivable processes to spread e-invoicing practices to small and medium-sized businesses (SME).
Global trade is a constantly evolving landscape with new challenges and opportunities emerging all the time. In an international marketplace dominated by digital technologies that bridge gaps between oceans, staying… read more →
Visa has announced a partnership with PayPal and Venmo to trial their new program, Visa+. This new service looks to help individuals transfer money rapidly and safely between different person-to-person… read more →
ESG is certainly not a new development, but its growth and importance in financial services have never been higher. Whilst there has been a big focus on the “E” in ESG, we’re also seeing a lot of progress in tackling other aspects, such as social action to address societal challenges. One of the biggest social challenges in global trade is the huge, and growing, finance gap.
The MLETR (Model Law on Electronic Transferable Records) is a revolutionary solution that aims to transform the trade finance industry by providing an open framework for digitising trade documentation.
Dubai’s undeniable growth in trade, logistics and the financing of international commerce has made it one of the most desirable trade destinations in the world. This is why I invested more time with members of the ITFA Middle East committee in 2022.
Lloyds Bank and Enigio have formed a new long-term partnership to increase the use of digital documentation in trade finance through blockchain technology. With this partnership, Lloyds Bank and Enigio… read more →
The 52-page ICC DSI report identifies and defines the key data elements held within each of the seven identified key trade documents: namely, the certificate of origin, customs declaration, packing list, bill of lading, commercial invoice, warehouse receipt, and insurance certificate.
The Asian Development Bank (ADB), through its Trade and Supply Chain Finance Program (TSCFP), has initiated a series of discussions with government agencies in several of its developing member countries… read more →
