Tag: trade finance

Blockchain-based trade shifts up a gear: Commerzbank and Audi drive progress with the Batavia platform

Commerzbank has successfully executed its first pilot transactions for corporate clients, including Audi, with Batavia – the blockchain-based trade finance platform supported by IBM and other major banks. The transactions facilitated the export to Spain of cars from Germany and textiles from Austria. The news was covered in Global Trade Review, The Blockchain, Global Banking …

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Not just a “start-up nation” – Bank Leumi (UK)’s Michael Duval outlines Israel’s commercial potential in Global Trade Review

Michael Duval, the Bank’s Chief Business Officer, explains in a targeted article why companies are choosing Israel for their importing and exporting activity.

It’s here: Commerzbank’s latest issue of FI.News

The spring issue of Commerzbank’s interactive financial institutions newsletter is out now. It brings together all the major cash and trade finance updates in a range of exclusive articles and interviews. See how evolving technology can further transform the trade finance industry, prepare for important updates at SWIFT, get ready for the impact of new …

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Commerzbank’s Angela Koll guides Treasury Today through the Marco Polo blockchain project

In an exclusive interview, Koll explains how the initiative stands to revolutionise commerce and offers an update on its progress.

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.

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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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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What are the advantages of creating a deep secondary market for trade finance assets? UniCredit’s Luca Corsini discusses in Euromoney

Though evidence suggests there is no longer a trade finance gap in Europe, the Asian Development Bank’s estimate that a global funding gap of $1.5 trillion still remains, makes it clear that this is not the case at a global level. One proposed solution is to create a deep secondary market for trade finance assets – …

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