Trade Finance
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
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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
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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
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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
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DLT-Platform Contour Sets up Trade Finance Innovation Lab in Singapore
Contour, a blockchain trade finance network that was formerly known as Voltron, has opened an innovation lab In Singapore where it will collaborate closely with its growing network of banks, corporates and ecosystem partners to research and develop novel, digitally
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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
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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
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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.
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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
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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
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