global trade

BofA: Tech Turns Global Trade’s Paper Jams Into Payment Streams
BofA: Tech Turns Global Trade’s Paper Jams Into Payment Streams
September 26, 2024  |  Technology

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...

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Swap Raises $9 Million to Launch Global eCommerce Platform
Swap Raises $9 Million to Launch Global eCommerce Platform
April 30, 2024  |  Cross Border Commerce

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...

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Sky-High Shift: Rising Air Cargo Demand Reshapes Supply Chain Dynamics
Sky-High Shift: Rising Air Cargo Demand Reshapes Supply Chain Dynamics
April 11, 2024  |  Supply Chain

One if by land, two if by sea — headaches, that is. With the recent news that, after 22 years of partnership, UPS is replacing...

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Closing the Books on the Global Challenge of X-Border Accounting
Closing the Books on the Global Challenge of X-Border Accounting
February 06, 2024  |  Cross Border Commerce

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...

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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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World Bank’s Gloomy Outlook Could Be Countered by Industrial Transformations 
World Bank’s Gloomy Outlook Could Be Countered by Industrial Transformations 
January 17, 2024  |  Connected Economy

The World Bank isn’t banking on the world’s economy getting much better.  At least in the near term.  In its semiannual Global Economic Prospects report,...

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Swift Completes Successful Test of Global Trade Interoperability Solution
Swift Completes Successful Test of Global Trade Interoperability Solution
December 11, 2023  |  Cross Border Commerce

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...

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Major Economies Report Falling Trade Volumes in July
Major Economies Report Falling Trade Volumes in July
September 25, 2023  |  Commerce

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...

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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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