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Your morning coffee briefing from TFG. TFG launched a brand new app, Global trade finance gap hits new all-time high of $1.7tn due to COVID-19, business failures to increase by 32% states Euler Hermes, Standard Chartered research shows companies in Europe, North America are doubling down on supply chain resilience and Contour partners with Shenzhen FinTech Institute of the People’s Bank of China to increase trade digitisation across Asia
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Global trade finance gap hits new all-time high of $1.7tn due to COVID-19
The global trade finance gap hit a new all-time high of $1.7 trillion in 2020, eclipsing its previous high of $1.5 trillion recorded in 2018, a new survey from the Asian Development Bank (ADB) has found. Read more →
Euler Hermes UK: business failures to increase by 32%
Euler Hermes, the world’s leading trade credit insurer, states that the UK is set for a significant rise in business failures as companies readjust to the removal of government COVID-19 pandemic support measures. Read more →
Standard Chartered research shows companies in Europe, North America are doubling down on supply chain resilience
As part of its latest research, ‘Critical indicators of supply chains: More than ESG’, Standard Chartered surveyed 914 finance and procurement decision-makers headquartered in Europe and North America. Read more →
Bottomline launches first of its kind payments tracker using SWIFT’s API
Bottomline, a leading provider of financial technology that makes business payments simple, smart and secure, today announced the latest API-based payments tracking service for banks worldwide, integrating SWIFT gpi data. Read more →
New Volante Technologies and MDSL partnership set to enhance and automate payments in Egypt
The global leader in cloud payments and financial messaging, Volante Technologies, announces partnership with MDSL to enhance banking payments in Egypt. Read more →
Broadridge announces new AI-powered anti-money laundering solution
Broadridge Financial Solutions, Inc. announces the launch of a new solution – the Broadridge Anti-Money Laundering Solution (AMLS). AMLS delivers an end-to-end machine learning powered Anti-Money Laundering platform covering transaction monitoring, name screening, alert prioritization, and customer risk scoring. Read more →
Contour partners with Shenzhen FinTech Institute of the People’s Bank of China to increase trade digitisation across Asia
Contour, the digital trade finance network, announces partnership with the Shenzhen FinTech Institute, a subsidiary of The People’s Bank of China (PBOC). This partnership aims to assess opportunities to boost China’s trade ecosystem and further the adoption of trade digitisation across Asia. Read more →
