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

Finastra and Tesselate Team on Digitalization of Trade Finance
Finastra and Tesselate Team on Digitalization of Trade Finance
February 12, 2024  |  Partnerships

Financial software firm Finastra has teamed with consultancy Tesselate to make trade finance digitalization easier. The Tegula Trade Finance as a Service offering, powered by Finastra Trade Innovation and digital banking...

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Toward 2030: How Ecosystem Offerings Will Transform Trade Finance’s Future
Toward 2030: How Ecosystem Offerings Will Transform Trade Finance’s Future
January 25, 2024  |  B2B Payments

Across the typically staid area of trade finance, despite the importance of trade finance products and services to global trade growth and economic development, decades...

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Treasurers Look to Their Bankers to Co-Create Embedded Payments Solutions
Treasurers Look to Their Bankers to Co-Create Embedded Payments Solutions
January 12, 2024  |  Payment Methods

Debopama Sen, head of payments, Citi Services, and Biswarup Chatterjee, head of partnerships and innovation, Citi Services, told Karen Webster that when it comes to...

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Truist and Standard Chartered Join Forces on Trade Finance
Truist and Standard Chartered Join Forces on Trade Finance
September 20, 2023  |  Cross Border Commerce

International banking group Standard Chartered Americas has announced a trade finance partnership with financial services company Truist Bank. This strategic collaboration aims to strengthen trade finance capabilities in...

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Finastra and Microsoft Team on Trade Finance
Finastra and Microsoft Team on Trade Finance
September 20, 2023  |  Partnerships

Financial software firm Finastra has launched a trade finance partnership with Microsoft. The collaboration, announced Wednesday (Sept. 20), combines Finastra’s Trade Innovation offering with a “full microservices architecture” using Microsoft...

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HSBC Launches Document-Free Trade Finance Tool TradePay
HSBC Launches Document-Free Trade Finance Tool TradePay
September 19, 2023  |  Accounts Receivable

Banking giant HSBC debuted a trade finance offer to help clients pay suppliers. The tool, dubbed TradePay, is an industry-first, document-free trade finance solution that...

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Citi Launches Digital Asset Solution for Cash Management, Trade Finance
Citi Launches Digital Asset Solution for Cash Management, Trade Finance
September 18, 2023  |  B2B Payments

Citi Treasury and Trade Solutions has unveiled a digital asset solution designed to enhance cash management and trade finance capabilities. By using blockchain and smart...

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Bank of America Debuts Tool to Digitize Trade Finance
Bank of America Debuts Tool to Digitize Trade Finance
September 18, 2023  |  Accounts Receivable

Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain...

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Surecomp and Pelican AI Partner to Improve Trade Finance Process
Surecomp and Pelican AI Partner to Improve Trade Finance Process
August 31, 2023  |  Partnerships

Surecomp and Pelican AI have partnered to enhance digital trade risk and compliance. This collaboration is part of a shared vision to drive the digital transformation of trade-based...

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