Trade Finance
ABS Rolls Out Trade Finance Registry to Eliminate Duplicate Transactions
The Association of Banks in Singapore (ABS) has launched the Trade Finance Registry (TFR) to ensure there will be no duplication of trade financing transactions, according to a report by The Edge Singapore. Chaired by UOB, the TFR is supported
Read More
Finastra Partners With Integro Technologies for Frictionless Trade Finance
Financial services software and cloud solutions provider Finastra has partnered with Aurionpro’s subsidiary Integro Technologies for frictionless trade finance. Banks will now be able to combine Integro’s SmartLender solution’s advanced exposure risk capabilities with Finastra’s Trade Innovation solution’s front-to-back capabilities
Read More
MAS Completes Its First Digital Asset Live Trades Under Project Guardian
The Monetary Authority of Singapore (MAS) announced that Project Guardian, its project exploring decentralised finance (DeFi) applications in wholesale funding markets, has completed its first live trades. The trades were conducted under Project Guardian’s first industry pilot which saw DBS,
Read More
Proxtera Launches a Multi-Currency Exchange for ASEAN and African Currencies
Proxtera has launched the beta version of a multi-currency exchange platform, the Emerging Markets Currency Exchange or EMCX, in partnership with WorldFirst, Liquid Group, Thunes and Wise. The EMCX digital hub is being trialed by Singapore SMEs trading across Africa
Read More
Finastra Collaborates With Contour for Digital Trade Finance
Financial services software and cloud solutions provider Finastra will integrate its Fusion Trade Innovation software with Contour, a global digital trade finance network, to provide banks and corporates with a streamlined end-to-end back-office workflow. The collaboration links together the two
Read More
SC Ventures Rolls Out Bank-Agnostic Supply Chain Finance Platform
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has announced the launch of Trade and Supply Chain Connect (TASConnect). TASConnect is a bank-agnostic supply chain finance platform that provides end to end automation, visibility and control of organisations’
Read More
IMDA, MAS and ADGM Complete World’s First Digital Trade Financing Pilot
Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have successfully concluded the world’s first cross-border digital trade financing pilot of its kind. Commercial
Read More
StanChart Rolls Out Fully Digital Portal to Accelerate Suppliers Enrolment
Standard Chartered has partnered with Demica, a London-based fintech specialising in working capital solutions, to transform access to the bank’s supplier finance programmes, allowing easier enrolment for thousands of suppliers through an online portal. The partnership will commence with the
Read More
SWIFT Embraces APIs, Partnership Strategy to Digitize Global Trade
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global member-owned cooperative and the world’s leading provider of secure financial messaging services, is upgrading its trade proposition, leveraging new communication channels, APIs, and embracing a partnership strategy to digitize the
Read More
StanChart Forms JV with Linklogis for Blockchain-Based Trade Finance Platform
Standard Chartered has formed a joint venture with Linklogis, a supply chain finance technology solution provider in China, to establish a blockchain-enabled trade finance platform dubbed as Olea. The bank said that Olea is a fully-digitised trade finance origination and
Read More