Trade finance

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.

Source: en.wikipedia.org

Citi Begins Rollout of Integrated Digital Bill Discounting Solution
Citi Begins Rollout of Integrated Digital Bill Discounting Solution
October 28, 2024  |  Accounts Receivable

Citi has launched an integrated digital bill discounting solution that it said helps users monetize receivables in less than an hour. The new Citi Digital...

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Digital Upstarts Set Sights on Impacting Trade Finance
Digital Upstarts Set Sights on Impacting Trade Finance
October 22, 2024  |  Supply Chain

Back in 2019 — a lifetime ago, before the pandemic uprooted everything — PYMNTS published a report titled “The Trade Credit Dilemma,” spotlighting the $3.1...

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BNY and Mizuho Bank Collaborate on Trade Services in Asia
BNY and Mizuho Bank Collaborate on Trade Services in Asia
October 21, 2024  |  Banking

The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. The banks have...

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Payments Innovations Are Helping Put Supply Chain Nightmares to Bed
Payments Innovations Are Helping Put Supply Chain Nightmares to Bed
October 03, 2024  |  B2B Payments

Supply chains underpin the global economy, and inefficiencies in payment processes have emerged as a barrier to growth, resilience and cost control. On Thursday (Oct....

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BofA: Tech Turns Global Trade’s Paper Jams Into Payment Streams
BofA: Tech Turns Global Trade’s Paper Jams Into Payment Streams
September 26, 2024  |  Technology

Global trade, at its heart, is about receivables. One company owes another for the goods or services it has purchased. While that may sound simple...

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Fake Shipments, Fast Cash: Trade Finance Fraud on the Rise
Fake Shipments, Fast Cash: Trade Finance Fraud on the Rise
September 11, 2024  |  Shipping

For as long as there have been banks, bad actors have tried to rob them. And as a report from the International Maritime Bureau (IMB),...

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Fides and Mitigram Partner to Improve Communication in Trade Finance Ecosystem
Fides and Mitigram Partner to Improve Communication in Trade Finance Ecosystem
September 09, 2024  |  Partnerships

Fides Treasury Services and Mitigram have partnered to centralize and simplify global multibank connectivity and transaction communications, enabling clients to better manage their trade finance...

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Drip Secures $113 Million to Grow Digital Trade Finance Platform
Drip Secures $113 Million to Grow Digital Trade Finance Platform
September 05, 2024  |  Investments

Drip Capital has secured $113 million in new funding to develop new products and to accelerate the growth of its digital platform for trade finance....

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Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
September 03, 2024  |  artificial intelligence

Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of...

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