Your Monday morning coffee briefing from TFG:
Going nuclear: SWIFT ban to hamper Russian trade
Banks pull Russian commodity trade finance lines amid Ukraine invasion
UAE signs landmark $100bn annual bilateral trade pact with India
Surecomp partners with Enigio for sustainable and cost-efficient end-to-end digitisation of trade
IHS Markit launches all-in-one trade finance solution with TradeSun, uses data, AI to combat crime
Towards the supply chain of the future: Why digital trade finance is the missing link
Safe keeping: The promise of government-controlled European strategic gas reserves
Collaboration vs competition: What does the future hold for trade finance platforms?
Going nuclear: SWIFT ban to hamper Russian trade
The US and its Western allies have ramped up harsh economic sanctions against Russia, including a SWIFT ban on some Russian banks. Read more →
Banks pull Russian commodity trade finance lines amid Ukraine invasion
Societe Generale SA, ING Bank, and Credit Suisse Group have halted commodity trade finance support to Russia. Read more →
UAE signs landmark $100bn annual bilateral trade pact with India
India and the UAE have signed a major new trade and investment pact that will eventually remove all tariffs on all goods from both nations. Read more →
Surecomp partners with Enigio for sustainable and cost-efficient end-to-end digitisation of trade
Enigio’s trace:original solution will be embedded into Surecomp’s cloud-based solutions, giving users the ability to create and manage digitised trade documents. Read more →
IHS Markit launches all-in-one trade finance solution with TradeSun, uses data, AI to combat crime
IHS Markit and TradeSun will offer an all-in-one integrated solution that enhances financial crime due diligence and advances digitisation of compliance processes. Read more →
Towards the supply chain of the future: Why digital trade finance is the missing link
LFX’s Ed Lam and Fung Group’s Pamela Mar offer a roadmap to a digital future for supply chains and trade finance, with a focus on Asian SMEs. Read more →
Safe keeping: The promise of government-controlled European strategic gas reserves
After record-high gas prices and extreme price volatility in Q4 2021, European policymakers are now warming to the idea of a procurement rethink. Read more →
Collaboration vs competition: What does the future hold for trade finance platforms?
Trade finance digitisation will be achieved only when fintech providers focus on cooperation instead of competition, argues Surecomp’s Enno-Burghard Weitzel. Read more →
