Blockchain trade finance firm Marco Polo reportedly enters insolvency
According to The Irish Times, the firm’s liabilities have outstripped its assets by €2.5 million ($2.6m).
Trade Finance
Trade financing platform Marco lands $200m credit facility, $8m equity
Marco says the combined funding will support its ambition to “close the $2 trillion global trade finance gap”.
Euronext in €5.5bn takeover bid for wealthtech Allfunds
Euronext has submitted an “indicative offer” to Allfunds’ board of directors.
The future of financial services depends on global connectivity
To establish interoperability in global payments, a balance must be struck between collaboration and competition.
Deutsche Börse inks 10-year strategic partnership deal with Google Cloud
Deutsche Börse will leverage Google Cloud’s capabilities to develop its digital securities platform D7.
How Drip Capital is simplifying trade financing for SMBs in emerging markets
FinTech Futures chats with Pushkar Mukewar, founder and CEO of Indian fintech Drip Capital.
Israeli trade financing start-up 40Seas raises $111m
40Seas offers financing for SMEs involved in global commerce.
Allianz, Santander CIB and Two partner for corporate BNPL solution
The solution means corporates can now offer business buyers deferred payments at checkout through a single API.
Investec taps Surecomp for its digital trade finance tech
Surecomp’s tech will support Investec’s newly formed trade finance business.
Three tips for navigating global payments as you expand internationally
Branching into new markets brings serious challenges when it comes to managing payments on a global scale.
Trading and investment fintech Saxo appoints Simon Camilleri as COO
Camilleri brings “significant expertise and a wealth of front-office experience” to his new role.
Huntington National Bank selects LiquidX for trade finance infrastructure
Huntington Bank says LiquidX was the “most efficient and effective” partner to help expand its trade offering.
National Bank of Pakistan taps Finastra for trade finance solution
The bank will deploy Finastra’s end-to-end working capital solution, Fusion Trade Innovation.
Video: ING at Sibos 2022 – Interoperability in trade finance
We chat with Lynn Ng of ING about whether cross-platform interoperability in trade finance is possible.
Sibos 2022: Dynamic duos – giving humans superpowers through AI
When machine learning and human learning come together, that’s when finance sees the greatest benefits.
Sibos 2022: Is paperless trade within our grasp?
Digital trade finance has the potential to transform how we do business across borders.
Video: Lloyds Bank at Sibos 2022 – Tackling trade finance challenges
We speak with Lloyds Bank’s Merisa Lee Gimpel about the challenges facing trade finance.
MonetaGo appoints Neil Shonhard as new CEO
Shonhard will take over from co-founder and CEO Jesse Chenard, who will transition to executive chairman.
Kotak Mahindra Bank taps Finastra for integrated corporate banking solution
The two firms have worked together, leveraging Finastra’s Unified Corporate Portal solution, since October 2021.
Daily News at Sibos 2022
Download your free copy of the Daily News at Sibos publication today!
JP Morgan partners AI/ML platform Cleareye to digitise trade finance operations
The ClearTrade solution has been integrated into JP Morgan’s trade processing system.
Standard Chartered trials duplicate financing prevention solution
The Trade Financing Validation Service is powered by fintech MonetaGo’s Secure Financing system.
FinTech Futures: Top five stories of the week – 9 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Blockchain trade finance platform Contour snaps up we.trade assets
The move forms part of Contour’s plans to launch a digital open account trade finance offering.
Vietnam’s BIDV goes live with trade finance tech by Surecomp
Surecomp’s DOKA and allNETT solutions will support the ongoing growth and digitisation plans at BIDV.
Klasha names former PayPal exec Ayman Jawhar as new CPO
Jawhar’s appointment follows the recent hiring of Nile Younis as Klasha’s new chief commercial officer.
Yes Bank taps IBSFintech to digitise services for corporate clients
The partnership aims to enable paperless communication across treasury and trade finance processes.
Deutsche Bank to automate trade document checking with Traydstream partnership
The partnership will boost the bank’s efforts to digitise and automate its documentary trade business.
Why the post-trade wholesale market infrastructure is broken
With market volumes rising, the likelihood of a major systemic glitch occurring is very real.
ING spins out digital post-trade market infrastructure tech to GMEX Group
GMEX intends to combine Pyctor with its MultiHub offering.
Is standardisation the secret weapon against trade finance fraud?
How lenders can leverage technology to mitigate duplicate trade fraud.
Blockchain-based trade finance platform we.trade shuts shop
We.trade claims to be “the world’s first enterprise-grade blockchain-enabled trade finance platform”.
New trade finance bank Neotrade launches in the UK
Neotrade provides financing for SMEs using an AI-based scoring system.
Why trade finance should embrace blockchain to realise its digital ambitions
Digital innovation in trade finance is gaining momentum, and blockchain offers a number of possibilities.
Blockchain fintech Oasis Pro lands $27m Series A
The company’s mission is “to bridge the world of traditional finance, blockchain and decentralised finance”.
US Bank partners fintech LiquidX to speed up supply chain transactions
The collaboration seeks to address supply chain financing friction and cashflow challenges.
ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
Our weekly fintech round-up for you to get the latest funding news from around the world.
SME financing platform Stenn lands $50m equity investment
Stenn CEO Greg Karpovsky says: “A lack of access to finance is stunting the growth of SMEs around the world.”
Danske Bank rolls out Conpend’s TRADE AI app for trade finance
Conpend is a specialist provider of document checking software for trade finance processes.
Banco Pichincha in trade finance tech overhaul with Surecomp
Equador’s largest bank will deploy Surecomp’s Trade Finance-as-a-Service (TFaaS) solution.
