Global shipping is one of the most challenging sectors to decarbonise. The International Maritime Organization (IMO) has set out an ambitious goal to reduce the industry’s greenhouse gas emissions by 50% from 2008 levels by 2050, a target that will require the swift development of zero or low-emission fuels, new ship designs using cleaner technology, and climate-proof operations such as carbon efficiency optimisation initiatives.
A prominent point of discussion at the International Trade and Forfaiting Association’s (ITFA) 48th Annual International Trade and Forfaiting Conference in Porto has been the digitisation of trade finance––particularly after the challenges COVID-19 caused for a largely paper-based industry.
On 12 October, the UK officially introduced The Electronic Trade Documents Bill into parliament, the next step in a long road to shred the country’s legally imposed reliance on using paper for trade documents.
Electronic bills of lading have been around since 1999 and yet are rarely used. The experts at sibos weigh in on some of the challenges facing their adoption and offer advice for overcoming them.
Artificial intelligence-based (AI) automation can relieve banks of heavy compliance responsibility, according to Conpend’s new whitepaper ‘Navigating the complex sanctions landscape: letting AI take the strain’. The paper puts forward… read more →
Standard Chartered announced the launch of Trade Track-It, a one-stop digital trade transaction portal that offers its clients end-to-end visibility of their trade transaction status globally. Integrated with DHL’s tracking system… read more →
The integration brings together banks and corporates globally through a common digital network ecosystem, increasing access to trade finance while enabling seamless and secure transactions. Today at Sibos 2022 in… read more →
To find out more about BaaS and innovations within the sector, Trade Finance Global (TFG) spoke with Valli Ardalan, global head of revenue and sales at Visa Direct, and Barry Rodrigues, EVP Payments Business Unit at Finastra.
Attending a talk at Sibos with Managing Director, US and Canada, Ben Arber and Gonzalo Perez Verdicchio, chapter lead API product management at SWIFT, Trade Finance Global (TFG) was able to learn more about the next steps for the market.
HSBC has launched a digital trade transactions portal that helps its Financial Institution (FI) customers view the status of guarantee transactions, simplifying the transaction fulfilment process. The network, called the… read more →
