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

Eleven Banks Cleared For Piece Of $1B RBS Fund
Eleven Banks Cleared For Piece Of $1B RBS Fund
December 21, 2018  |  B2B Payments

Eleven banks have been granted access to a £350 million ($443 million USD) program that will allow for them to take business clients away from...

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OweMe Lands Seed Funding For Blockchain Trade Finance Platform
OweMe Lands Seed Funding For Blockchain Trade Finance Platform
December 12, 2018  |  B2B Payments

Supply chain financing startup OweMe has landed seed funding from pi Ventures, TechCircle reported on Tuesday (Dec. 11). Investors provided $1 million for OweMe, which...

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Oracle Adds Invoice Finance Firm Previse To Startup Ecosystem
Oracle Adds Invoice Finance Firm Previse To Startup Ecosystem
December 06, 2018  |  B2B Payments

Enterprise technology conglomerate Oracle is giving a B2B FinTech a boost of support through its startup mentorship program. Invoice finance and supplier payments company Previse...

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Banks Prep For Brexit-Induced Corporate Loan Defaults
Banks Prep For Brexit-Induced Corporate Loan Defaults
November 28, 2018  |  B2B Payments

U.K. banks are looking to prepare business clients ahead of Brexit in anticipation for tightened access to financing, Reuters reported on Tuesday (Nov. 27). Reports...

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Thailand Govt Eyes Blockchain To Track Taxes
Thailand Govt Eyes Blockchain To Track Taxes
November 14, 2018  |  Blockchain

Death and taxes are sure things, but can blockchain make the latter even more of a certainty in Thailand? Plus, trade finance done via blockchain sees...

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Trade Finance Gets Blockchain Boost
Trade Finance Gets Blockchain Boost
November 12, 2018  |  News

Readers of this space know that trade finance — which concerns both domestic and international B2B transactions — has been mired in paper.  Paper checks,...

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Microsoft, Interswitch Introduce Blockchain Trade Finance In Nigeria
Microsoft, Interswitch Introduce Blockchain Trade Finance In Nigeria
November 06, 2018  |  B2B Payments

Microsoft is partnering with pan-African digital payments and commerce firm Interswitch Group to develop a blockchain-powered supply chain finance solution for small and medium-sized businesses...

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Tencent Steps Into Blockchain Trade Finance Space In B2B Push
Tencent Steps Into Blockchain Trade Finance Space In B2B Push
November 05, 2018  |  B2B Payments

Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in...

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HSBC, StanChart Launch Blockchain Trade Finance Platform
HSBC, StanChart Launch Blockchain Trade Finance Platform
October 31, 2018  |  Blockchain

HSBC, Standard Chartered and 10 other banks launched a new blockchain-based trade finance program in Hong Kong on Wednesday (Oct. 31) aimed at increasing the...

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