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

Bitcoin Daily: Samsung SDS Tests Blockchain Health Claims; Bermuda To Accept Digital Currencies; CIMB Singapore Does Blockchain Trade Financing

Bitcoin Daily: Samsung SDS Tests Blockchain Health Claims; Bermuda To Accept Digital Currencies; CIMB Singapore Does Blockchain Trade Financing
Bitcoin Daily: Samsung SDS Tests Blockchain Health Claims; Bermuda To Accept Digital Currencies; CIMB Singapore...
October 18, 2019  |  Bitcoin

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. According to CoinDesk, the new system will link all hospitals, pharmacies, insurers...

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BoA Reported To Hire ‘Treasury Product Manager’ For Ripple
BoA Reported To Hire ‘Treasury Product Manager’ For Ripple
October 11, 2019  |  Personnel

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. According to Cointelegraph, the bank recently took down a job...

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Trade Finance Gets Boost Via Banks, APIs
Trade Finance Gets Boost Via Banks, APIs
October 03, 2019  |  B2B Payments

HSBC debuts a new API geared toward trade finance. Separately, cross-border payments embrace business payments using XRP. In Russia, eight banks sign on to the Russian...

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Moody’s Issues Another Supply Chain Finance Warning
Moody’s Issues Another Supply Chain Finance Warning
October 01, 2019  |  B2B Payments

More than a year after Fitch Ratings raised concerns about a “loophole” allowing corporates to obtain supply chain financing without classifying it as debt, Moody’s...

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HSBC Deploys Trade Finance API For Partner Banks
HSBC Deploys Trade Finance API For Partner Banks
September 27, 2019  |  B2B Payments

HSBC is continuing its open banking strategy with the deployment of a new application programming interface (API) designed to promote bank collaboration to facilitate trade...

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Infosys Finacle Completes Trade Finance Trial With R3
Infosys Finacle Completes Trade Finance Trial With R3
September 24, 2019  |  B2B Payments

Infosys subsidiary Infosys Finacle has announced the completion of a five-week trial of its trade finance solution using R3 blockchain technology. Get the Full Story...

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ADB Warns Of ‘Digital Poverty’ Hampering Trade Finance
ADB Warns Of ‘Digital Poverty’ Hampering Trade Finance
September 19, 2019  |  B2B Payments

The Asian Development Bank, which ramped up the trade finance industry’s focus on broadening access to small businesses after releasing a report that estimated the...

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Banks Flock To Trade Finance FinTechs
Banks Flock To Trade Finance FinTechs
September 04, 2019  |  B2B Payments

The Asian Development Bank’s striking statistic — a $1.5 trillion gap in global trade finance — continues to be used as a driver of FinTech...

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