Trade Finance Startup Vayana Network Raises Rs 114 Cr To Support MSMEs In Trade Credit
As of the latest news on Wednesday, Trade Finance startup Vayana Network reported that it has successfully acquired funding of Rs 114 crore as a part of its Series C funding from International Finance Corporation (IFC) and PayU. As per th...
Surecomp’s Cryptographic Fingerprints to Combat Duplicate Trade Financing Fraud
On Tuesday, April 12, when a solution was reported by Surecomp to further decrease the risks of duplicate trade financing fraud, the company encountered a type of fraud that had been difficult to escape from -and this has driven a few banks to cease the...
De-Dollarizing Trade: Conducting Global Trade Finance in National Currencies
The consequences of the financial explosion of 2008 led many nations to battle for getting access to the U.S. dollar (USD) so that they could save their national currency as the global reserve currency got held by the U.S. Federal Reserve Bank. ...
Bringing More People Into Global Trade
Eleanor Wragg reports that a large group of interconnected and fundamental variables is playing a negative role in hindering minority-led exporters from performing trade activities. And it seems that the underlying causes, and indeed the affected populace va...
IASB Proposed Accounting Standards For Global Supply Chain Finance Disclosure Rules
As per the latest news, proposed accounting standards that need noteworthy disclosure of supply chain ...
Egypt To Host The NATF Summit In June
The NATF or North Africa Trade Finance Summit 2022 will be held in Egypt from 7th to 8th June. The summit will see financial innovators, founders of pioneering and start-up companies, over 30 business leaders, and more. The theme for this ...
SAAB Enters New Inventory Financing Solution For KSA Importers And Exporters
The Saudi British Bank or SABB has long since been trying to improve its offerings to re-exporters and importers in the KSA (Kingdom of Saudi Arabia). And keeping i...
Tracing The Largest Global Trading Partners From 1960 to 2020
Despite the various hurdles presented by inflated shipping costs and supply chain problems, the global trade market increased an astounding 23% in 2021 compared to the last year. Now estimated at ...
Africa's Trade Finances And Efforts For Revival
In 2011, Africa used to be one of the most integrated places globally in terms of trade finances. However, Africa's trade finances have been hit with growing problems, including the COVID-19 pandemic. What are the reasons for such a situation? And...
Swiss Re Enters North America Trade Finance World
One of the biggest re/insurance conglomerates, Swiss Re, has hired two new faces to improve their services. The new hires are in their recent venture into...
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DP World and Standard Bank Partner to Expand Trade Finance in Africa
BRICS New Currency To Challenge US Dollar Dominance In International Trade
China’s Trade Fair Struggles To Draw Buyers As Slow Global Economy Growth
China To Host Beijing Summit To Promote Global Trade, Investment
Standard Chartered Signed a $700m Deal with IFC To Aid Global Trade Finance