News
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10.11.2020
ITC Launch Trade Finance Guide For SME Importers And Exporters
A guide for SME importers and exporters has been launched by The International Trade Centre (ITC) and partners at the SME Finance Forum with a purpose to help small and me...
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06.11.2020
African Trade Finance Banks Urge MDBs To Take On Greater Levels Of Risk
To improve the credit support to banks on the continent, the African trade finance banks are asking Multilateral Development Banks (MDBs) to act determinative and requesting them to address the issues of potential insolvency in the private sector. As an initi...
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04.11.2020
Russian Alfa-Bank Is The First Bank To Sign Contour International Trade Finance Network
Russian Financial Institution (FI) Alfa-Bank - one of the largest private commercial banks in Russia has become the first Russian bank to join Contour International Network of Trade Finance according to an official ...
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02.11.2020
BIS Innovation Hub And The Hong Kong Monetary Authority Announce Techchallenge Winners
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...
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30.10.2020
Wipro To Buy Chennai Firm Encore Theme
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...
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28.10.2020
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...
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26.10.2020
ICICI Customers Can Now Execute Trade Finance Services Via Whatsapp
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...
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16.10.2020
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...
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13.10.2020
IFC & Union Banks Form An Alliance To Boost Trade Finance In Nigeria
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...
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08.10.2020
DBS and Standard Chartered Launch Blockchain Trade Finance Platform to Curb Trade Finance Fraud
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.’ ...
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