Trade finance

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.

Source: en.wikipedia.org

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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Fake Shipments, Fast Cash: Trade Finance Fraud on the Rise
Fake Shipments, Fast Cash: Trade Finance Fraud on the Rise
September 11, 2024  |  Shipping

For as long as there have been banks, bad actors have tried to rob them. And as a report from the International Maritime Bureau (IMB),...

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Fides and Mitigram Partner to Improve Communication in Trade Finance Ecosystem
Fides and Mitigram Partner to Improve Communication in Trade Finance Ecosystem
September 09, 2024  |  Partnerships

Fides Treasury Services and Mitigram have partnered to centralize and simplify global multibank connectivity and transaction communications, enabling clients to better manage their trade finance...

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Drip Secures $113 Million to Grow Digital Trade Finance Platform
Drip Secures $113 Million to Grow Digital Trade Finance Platform
September 05, 2024  |  Investments

Drip Capital has secured $113 million in new funding to develop new products and to accelerate the growth of its digital platform for trade finance....

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Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
September 03, 2024  |  artificial intelligence

Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of...

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Citi and IFC Partner on Sustainable Supply Chain Finance Program
Citi and IFC Partner on Sustainable Supply Chain Finance Program
August 06, 2024  |  Supply Chain

Citi and International Finance Corp. (IFC), a global development institution that is a member of the World Bank Group, have partnered on a $2 billion...

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Finastra and CredAble Partner on Supply Chain Finance for Banks
Finastra and CredAble Partner on Supply Chain Finance for Banks
July 23, 2024  |  Partnerships

Finastra and CredAble have partnered to enable banks to offer their corporate clients supply chain finance solutions. In this collaboration, CredAble’s supply chain finance platform...

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Traydstream and 360tf Partner to Digitize Global Trade Finance
Traydstream and 360tf Partner to Digitize Global Trade Finance
June 13, 2024  |  Partnerships

Traydstream and 360tf partnered to digitize, innovate and expand global trade finance solutions. The collaboration aims to make trade finance “efficient and seamless” by bridging...

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Home Depot’s SRS Deal Boosts B2B and Trade Finance Strategy Across Digital Channels
Home Depot’s SRS Deal Boosts B2B and Trade Finance Strategy Across Digital Channels
March 28, 2024  |  B2B Payments

Home Depot’s acquisition of SRS is the latest evidence that the home improvement giant is laying the foundation — pun intended — for a many-sided,...

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