Tagged: trade finance

March 10, 2020 @ 9:47 pm By Omar Faridi  |  

New York-headquartered LiquidX, a globally accessible network for illiquid assets, recently revealed that it has added Emirates NBD to its network. Emirates NBD is a Dubai government-owned banking institution and one of the largest financial institutions in the Middle East in terms of total assets… Read More

March 9, 2020 @ 9:57 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) has introduced the Digital Trade Standards Initiative (DSI), which is a collaborative cross-industry project that will aim to develop standards and best practices for conducting digital trade. The ICC Digital Trade Standards Initiative will continue to build on the… Read More

March 8, 2020 @ 8:00 pm By Omar Faridi  |  

Tom Trowbridge, former president at Hedera Hashgraph and current president at Triterras, a blockchain-powered Fintech solution for the trade finance sector, recently shared his views and insights with Crowdfund Insider. Triterras was established in 2012 in order to meet the rising demand for commodities that… Read More

February 8, 2020 @ 9:47 am By Leon Emes  |  

In my former life as an investment banker I didn’t really pay the world of Fintech much heed. In my mind, Fintechs were the reserve of tech-savvy millennials or early adopters and not something for a Generation X Luddite to pay much attention to. Even… Read More

February 8, 2020 @ 8:50 am By Omar Faridi  |  

Singapore banking group DBS has reportedly completed the first all-digital trade financing settlement, which was conducted on the country’s newly developed Network Trade Platform (NTP). The platform is blockchain-based but NTP appears to go out of its way not to focus on the technology and… Read More

February 5, 2020 @ 2:48 pm By Omar Faridi  |  

Blockchain-enabled supply chain and trade finance firm Envoy Group is reportedly planning to expand its operations beyond Latin America. This, after recently acquiring $13 million in funding from Alcedo Digital Ventures. Developed on R3’s Corda platform, Envoy aims to enhance the existing $17 trillion annual… Read More

January 25, 2020 @ 12:31 pm By JD Alois  |  

Last week, Crowdfund Insider covered a report on the UK and how European financial services firms were being compelled to open new offices in light of Brexit. While a good amount of digital ink has covered the number of firms shuttering offices or lowering headcount… Read More

November 24, 2019 @ 10:42 am By Omar Faridi  |  

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have reportedly performed the first blockchain-based trade finance transaction in the Middle Eastern nation using R3’s Corda technology. According to a November 23 report from Oman Observer, Oman Oil and Orpic Group, the country’s largest… Read More

October 20, 2019 @ 3:04 pm By Omar Faridi  |  

The Singapore division of CIMB Bank Berhad carried out a structured trade finance transaction on a blockchain-based and internet of things (IoT) platform, developed by iTrust. The transaction reportedly involved the financing of Chinese imported dairy products and may generate yearly transaction flows of approximately… Read More

October 13, 2019 @ 10:37 am By Omar Faridi  |  

Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11.  Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More

November 3, 2018 @ 11:29 am By Xu Gao  |  

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform TradeConnect The Hong Kong Monetary Authority (hereinafter referred to as the HKMA) announced on October 31st that it had launched a blockchain-based trade finance platform TradeConnect, in order to facilitate cross-border trade and related research. TradeConnect… Read More

April 26, 2018 @ 12:00 pm By Samantha Hurst  |  

Citizens Bank announced on Thursday it is teaming up with Finastra and Infosys to power the trade finance solution it is offering to its corporate clients. According to Citizens Bank, the solution will enable its corporate clients to digitize traditionally paper-based trade processes, which may… Read More

August 31, 2017 @ 3:45 pm By JD Alois  |  

Traydstream has appointed Citi Bank’s former – Head of Trade for Europe, Middle-East & Africa (EMEA), Sameer Sehgal, as its Chief Executive Officer CEO. Traydstream said that Sehgal brings over 22 years’ expertise in trade, having held several senior roles over the years. Traydstream improves trade… Read More

August 8, 2017 @ 12:21 pm By Erin Hobey  |  

  It’s been quiet an exciting week for Abu Dhabi Global Market: global Fintech challenges, new alliances and partnerships. ADGM and KPMG have synced to launch the first ever FinTech Abu Dhabi Innovation Challenge on 22 October 2017 in Abu Dhabi to enable startups to… Read More

May 17, 2017 @ 1:50 am By JD Alois  |  

CCRManager Pte Ltd, a Fintech company based in Singapore, has launched an online platform for the distribution of trade finance, supply chain finance and working capital assets.  The online platform will enable banks to manage the entire process of distributing trade finance internationally to other… Read More