Tag: trade

BNY Mellon’s Dominic Broom and Joon Kim explain how digitalization can support global trade growth in Banking Technology

In a commentary article for Banking Technology, BNY Mellon Treasury Services’ Dominic Broom, global head of trade business development, and Joon Kim, head of global trade product, discuss how bank-led collaboration can drive new digital solutions that help support trade growth. Broom and Kim explain that in the current “fintech era” of digital innovation, it …

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BNY Mellon’s Dominic Broom explains how digitalisation can transform trade in GTR

In a commentary article for GTR, Dominic Broom, BNY Mellon’s Head of Trade Business Development explains that with new regulatory challenges, a widening trade finance gap and an evolving digital landscape, banks must ensure they are well positioned to support global trade opportunities and provide an optimised client experience. Broom explains that technology can play …

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BNY Mellon’s Ross Jones explains that industry collaboration is a key component to payments transformation in TMI

In a commentary article for Treasury Management International (TMI), Ross Jones, BNY Mellon’s Product Line Manager, Global Payments Treasury Services EMEA, explains that industry collaboration is a key component of the global payments transformation. Undoubtedly, fintech innovation is enabling significant advancements in the world of payments. Yet although new innovation brings significant potential to enhance …

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Digitalisation a “sleeping giant”: Commerzbank’s Angela Koll cited on the future of trade finance in TMI Magazine

Where’s next for the digitalisation of trade finance? Angela Koll, Commerzbank’s Specialist Trade & Supply Chain Finance, shares her thoughts in the latest edition of TMI Magazine, but warns that innovation in the industry could take time to spread. Find out more in “Waking the Sleeping Giant? The Potential for Trade Finance Transformation“.

ICC United Kingdom’s Chris Southworth speaks to BBP Media on new opportunities for UK SMEs

In a recent interview with BBP media – the regional B2B publication – Chris Southworth, Secretary General at the International Chamber of Commerce (ICC) United Kingdom, discusses how local UK businesses and SMEs can stay ahead of challenges and make the most of new and existing opportunities. In particular, he explains that businesses should actively …

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In Trade Arabia, BNY Mellon’s Bana Akkad Azhari discusses how fintech can drive financial sector growth in the Middle East

  Technological innovation is changing the face of finance. In recent years fintech investment has reached new highs across the North America, Asia, and Europe. Now, fintech is gaining recognition across the Middle East – bringing with it the promise of enhanced efficiency, security and transparency. Moreover, banks in the region are propelling digital developments …

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Austria’s first BPO: Commerzbank’s landmark transaction covered by the specialist press

Commerzbank has reached a milestone in the digitalisation of the trade finance industry, having processed the first Bank Payment Obligation (BPO) deal in Austria. A BPO allows the automatic release of funds between banks based on the matching of electronic data. Companies are increasingly recognising the benefits of the trade instrument, which include faster communication …

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BNY Mellon’s Bana Akkad Azhari discusses how bank-fintech collaboration is creating opportunities for trade in the Middle East in Cash and Trade

Recent years have heralded a new, dynamic “fintech era”. Global investment in fintech has skyrocketed in recent years, yet, the vast majority of fintech investment originates from other regions, with the Middle East only accountable for 0.1% of the global total in 2016. However, fintech companies are increasingly looking at how new innovations can improve …

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Broadening export horizons: Commerzbank’s Agnes Vargas explores Myanmar and Vietnam in The Asset

Vietnam’s economic development has been driven by its export-led industries, and Myanmar looks set to follow in its footsteps. In a feature for leading Asian finance magazine The Asset, Agnes Vargas, Regional Head of Greater China and ASEAN, explains that continued economic progress in both countries will depend on diversifying trade beyond their traditional partner China …

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ICC United Kingdom’s Chris Southworth discussing UK trade negotiations on Sky News

This afternoon, ICC United Kingdom’s Secretary General, Chris Southworth, appeared on Sky News – commenting the importance of transitional arrangements during Brexit negotiations. The interview took place after the Confederation of British Industry strongly urged Government to keep Britain in the single market and customs union until a final Brexit deal with the European Union is …

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