Trade Finance

Tradeteq Secures Over US$ 9 Million in Series A Funding Round

Tradeteq, a technology provider for bank asset distribution, has announced the successful completion of its Series A funding round, securing US$ 9.4 million from a consortium of US technology investors. This brings the total raised since the company launched to

Read More

Contour Pilots Blockchain-Based Transaction in Vietnam

Contour, a blockchain trade finance network that’s formerly known as Voltron, announced that it has completed a pilot transaction between two textile companies with its blockchain network. The transaction was conducted between Tainan Spinning based in Taiwan and Century Synthetic

Read More

Meet the Fintech Startups from Asia Thrusting Trade Finance into The Future

Small and medium-sized enterprises (SMEs), especially those in developing countries, have historically struggled to gaint access to trade finance, which, over time, has led to a global gap that the Asian Development Bank (ABD) estimated at US$1.5 trillion in 2018.

Read More

Breaking Down Marketplace Borders

Anders la Cour, co-founder and Chief Executive Officer of Banking Circle explains how Banking Circle Marketplaces empowers global trade by helping PSPs that support marketplace merchants to access fast, affordable cross border payments. When a new business launches, payments are

Read More

DBS and SC Led Industry Workgroup to Develop Blockchain-Powered Trade Finance Registry

DBS and Standard Chartered jointly led a workgroup of 12 other banks to create and conduct a digital Trade Finance Registry (TFR) proof of concept (POC) to enhance lending practices and improve transparency in commodity trade. Supported by Enterprise Singapore

Read More

SWIFT and Singapore’s IMDA to Accelerate Global Trade Digitalisation

SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) has signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally. The MOI looks at offering SWIFT’s community a more efficient and cost-effective cross-border paperless trade, without the need for multiple

Read More

IBM and Thai Blockchain Community Revamps Electronic Letter of Guarantee Platform

IBM and the Thailand Blockchain Community Initiative (BCI) jointly announced that its electronic letter of guarantee (eLG) platform and network is now extending the scope and reach of its services and network to businesses of all sizes. The extended capabilities

Read More

Standard Chartered Thailand: First Blockchain Based Cross-Bank Letter of Credit

Thailand’s Standard Chartered completed its first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain between Vietnam and Thailand. The transaction was done in partnership with Asian Development Bank (ADB) and the Bank for Investment and

Read More

Banks View Digitising Trade Finance as a Top Priority

Around the world, banks are reconsidering their trade finance business model, viewing digitalization as one of the most important trends that will shape the industry in the coming years, according to a new survey. The International Chamber of Commerce (ICC)

Read More

Infor Partners DBS Bank For Digital Trade Financing

Infor, a cloud software company, is partnering with DBS Bank to integrate digital trade financing capabilities into the its global network of more than 68,000 businesses. Their first joint program recently went live with one of the world’s largest global

Read More