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

Shifting Logistics To The Center Of Trade Finance
Shifting Logistics To The Center Of Trade Finance
November 05, 2019  |  B2B Payments

The Asian Development Bank‘s estimation of a $1.5 trillion gap in available trade finance is both concerning (particularly to small and medium-sized businesses [SMBs] struggling...

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Experian API Enables Faster OCBC Business Account Opening
Experian API Enables Faster OCBC Business Account Opening
November 04, 2019  |  B2B Payments

Singapore bank OCBC is accelerating the bank account opening process for startups through a collaboration with Experian. An announcement on Monday (Nov. 4) said Experian’s...

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Commonwealth Trade Bank Overhauls Infrastructure
Commonwealth Trade Bank Overhauls Infrastructure
October 31, 2019  |  B2B Payments

The U.K.’s Commonwealth Trade Bank is planning to overhaul its trade finance infrastructure and has announced a new partner to support the initiative. A press...

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ConsolFreight Wants Bigger Role For Logistics In Trade Finance
ConsolFreight Wants Bigger Role For Logistics In Trade Finance
October 31, 2019  |  B2B Payments

Logistics and supply chain management solutions provider ConsolFreight is working to increase logistics players’ role in trade finance. The company said in a press release...

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Bitcoin Daily: Samsung SDS Tests Blockchain Health Claims; Bermuda To Accept Digital Currencies; CIMB Singapore Does Blockchain Trade Financing
Bitcoin Daily: Samsung SDS Tests Blockchain Health Claims; Bermuda To Accept Digital Currencies; CIMB Singapore...
October 18, 2019  |  Bitcoin

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. According to CoinDesk, the new system will link all hospitals, pharmacies, insurers...

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BoA Reported To Hire ‘Treasury Product Manager’ For Ripple
BoA Reported To Hire ‘Treasury Product Manager’ For Ripple
October 11, 2019  |  Personnel

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. According to Cointelegraph, the bank recently took down a job...

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Trade Finance Gets Boost Via Banks, APIs
Trade Finance Gets Boost Via Banks, APIs
October 03, 2019  |  B2B Payments

HSBC debuts a new API geared toward trade finance. Separately, cross-border payments embrace business payments using XRP. In Russia, eight banks sign on to the Russian...

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Moody’s Issues Another Supply Chain Finance Warning
Moody’s Issues Another Supply Chain Finance Warning
October 01, 2019  |  B2B Payments

More than a year after Fitch Ratings raised concerns about a “loophole” allowing corporates to obtain supply chain financing without classifying it as debt, Moody’s...

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HSBC Deploys Trade Finance API For Partner Banks
HSBC Deploys Trade Finance API For Partner Banks
September 27, 2019  |  B2B Payments

HSBC is continuing its open banking strategy with the deployment of a new application programming interface (API) designed to promote bank collaboration to facilitate trade...

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