Category: Trade Finance

BNY Mellon discusses the evolution of trade in GTNews

Speaking to GTNews to mark the publication’s 20th anniversary, BNY Mellon’s Dominic Broom, Global Head of Trade Business Development, and Bana Akkad Azhari, Head of Relationship Management for the Middle East and Africa and the Commonwealth of Independent States, trace the most noteworthy drivers of global trade over the past two decades – including China’s …

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Falcon Group’s latest appointment covered by specialist press

Leading specialist financier Falcon Group has announced Ross Anderson, former Westpac Director, as National Business Development Manager, Institutional Clients. Responsible for spearheading Falcon’s growth in Australia, with a specific focus on mid-cap and large corporate ASX-listed companies, Anderson brings over 12 years of experience in financial services to the role. “Since launching in 2015, Falcon …

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Can Ethiopia and Kenya help build a closer regional neighbourhood? Commerzbank’s Christian Toben writes for Banker Africa

The countries of East Africa – led by Kenya and Ethiopia – need to integrate. In an article for Banker Africa, Commerzbank’s regional head argues that they can do so by investing in transport, energy and customs infrastructure.

Commerzbank crosses new trading frontiers as part of the Marco Polo blockchain project

The multi-bank initiative seeks to apply distributed ledger technology to trade finance. News of Marco Polo’s successful proof of concept was covered in Global Trade Review, Market Business News, Trade & Export Finance, Bobsguide, Banking Technology, Fintech Futures, Finextra, Blockchain News, Coindesk, CoinTelegraph, Toinnov, Enterprise Times, FSTech, Pyments, and Trade Finance Global.

ICC Trade Register Report confirms low risk for profile for trade and export finance

The International Chamber of Commerce (ICC) Banking Commission has released its 2017 Trade Register report—Global Risks in Trade Finance. The report reveals the low-risk nature of transactions that support global trade, and confirms that trade finance products continue to present banks with low levels of credit risk. The 2017 Report draws on information from 22 …

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UniCredit shortlisted for three GTR Leaders in Trade awards

Global Trade Review has revealed the shortlist for this year’s Leaders in Trade awards, which highlight excellence in the trade, commodity, supply chain and export finance and fintech markets. Moorgate client UniCredit, with its unique European footprint and highly innovative solutions across trade and supply chain finance, has been shortlisted in three of the award …

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Trade makes the world go round – find out how Commerzbank helps in its new video

Commerzbank’s new video explains the significance of world trade and the important role the bank plays. Frank-Oliver Wolf, Head of CTS Sales Germany, outlines the bank’s global presence, and Enno-Burghard Weitzel, Head of CTS & FI Product Management Trade Services, shows how it is ushering in the new technologies that are revolutionising trade finance. Watch …

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Deutsche Bank launch “Payables Finance: a guide to working capital optimisation”

When faced with the choice of cash to fund a corporate finance strategy or cash to meet a 30-day supplier schedule, the revenue-generating activity will obviously be more alluring. However, while extending payment terms makes it possible to grow cash mountains, what happens if the supplier goes out of business while they wait? Enter payables …

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Commerzbank’s Agnes Vargas explores Pacific trade in an article for FTSE Global Markets

As the Trans-Pacific Partnership (TPP) finds its feet, Agnes Vargas, Regional Head, Greater China & ASEAN at Commerzbank, looks to the Regional Comprehensive Economic Partnership (RCEP) as another means of facilitating trade in the Pacific.

Strength in numbers: UniCredit’s Raphael Barisaac argues in Euromoney that all banks need to invest in the digitalisation of the trade finance space if the potential of new technology is to be realised

Although banks like talking about bringing digital services to trade finance, Euromoney’s annual trade finance survey 2018 revealed that few banks are currently actually using new technologies in their product offerings. Commenting on these results, Raphael Barisaac, global co-head of trade finance at UniCredit, argued all banks need to invest in digital agendas if the …

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