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. 3), HSBC launched an embedded finance venture with Tradeshift, a cloud-based, global trade network for purchase-to-pay automation, supply chain payments, marketplaces,...
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 enough, businesses engaged in international trade contend with a range of factors, from geopolitical risks to environmental hazards, that can...
Swap has raised $9 million in a Series A round to launch its global eCommerce platform designed to facilitate cross-border shipments. The new Swap Global will enable the company to help direct-to-consumer (DTC) brands unlock new markets with delivered duty paid (DDP) shipping, automated tax remittance and express...
One if by land, two if by sea — headaches, that is. With the recent news that, after 22 years of partnership, UPS is replacing FedEx as the primary air cargo provider for the United States Postal Service (USPS), air transport is now top of...
September 26, 2024
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 enough, businesses engaged in international trade contend with a range of factors, from geopolitical risks to environmental hazards, that can disrupt supply chains, delay payments and trap valuable working capital. […]
February 06, 2024
One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle up business’ plans to tap...
February 04, 2020
Tech-enabled disruptors promise to upend the way things have always been done to help streamline industries that are paper-reliant, process-reliant and perhaps ripe for a shake-up. For some newer firms...
November 01, 2018
In B2B payments, the tipping point looms — away from checks and toward payments done electronically. At least, if the tipping point is not here yet, then we are tipping rapidly toward the...
April 30, 2024
Swap has raised $9 million in a Series A round to launch its global eCommerce platform designed to facilitate cross-border shipments. The new Swap Global will enable the company to help direct-to-consumer (DTC) brands unlock new markets with delivered duty paid (DDP) shipping, automated tax remittance and express customs clearance, the company said in a Tuesday (April 30) […]
December 11, 2023
Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the potential to revolutionize the use...
September 25, 2023
Global trade has reportedly experienced a significant decline in recent months, with trade volumes falling at the fastest pace since the pandemic began. The slowdown in global trade can be...
September 20, 2023
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 emerging markets and enhance Truist...
