Today, the Bank for International Settlements Innovation Hub (BISIH) center in Hong Kong SAR and the Hong Kong Monetary Authority (HKMA) has disclosed the name of the TechChallenge winners - Digitising Trade Finance Initiative that was launched in Augus...
A definitive agreement has been signed by Wipro to buy Chennai-based firm Encore Theme Technologies Pvt Ltd, a SaaS and cloud solution provider in financial services for a value of Rs 95 crore. The cash deal is expected to be finalized during t...
Report on Trade Finance Market - Global Market Key Players 2020 – Citigroup, BNP Paribas, ICBC, China Exim Bank - Analysis and Forecast to 2026
The concept of trade financing is simply associated with financing for trade, doesn’t matter if it is domestic or international trade transactions, to receive and send goods or services, both buyers & sellers are required while various intermediaries like banks and financial...
Now the ICICI Bank customers can create their fixed deposits, pay utility bills as well as can access a number of trade finance details instantly on Whatsapp numbers. On Thursday, ICICI Bank announced a number of services that customers can access through the Whatsapp messaging ap...
Singapore Authorities Take A Major Step On Trade Finance Fraud By Eliminating Paper-based Transactions
Singapore’s financial regulators have come up with a new age medium and taken an advanced step to move away from paper-based trade transactions regarding reducing fraud. The suggested step is a strong move taken against the rising amount of frauds, going on across the globe over...
As per the latest news around the world of banking, the leading member of the World Bank Group IFC has come into an agreement with Union Bank to come up with a finance guarantee facility, as per their latest announcements. The expected part...
Singapore-based multinational banking entity DBS and Standard Chartered are about to change the way banking is done. These two entities have completed proof of concept for their blockchain trade finance platform and have named it as the ‘Trade Finance Registry.’ ...
We are all familiar with the impact that Covid has led to our global trade platform. The change of events have let an extreme set back in the global economies, forcing businesses to shut down and workers going on lockdowns. The past few months have been very devastating for global...
The initiator of paperless trading, essDOCS has now come in terms with Temenos’ MarketPlace. The current digitized solution is all set to offer integration of essDOCS’ CargoDocs solution to Temenos Transact. This new system will give way to an improved and next generation of c...
International Trade has been a major key towards increasing the GDP of a given country besides improving the flow of cash inside it. The global supply chain plays an important role in the running of business around the world. However, not every business in the supply chain has the...