DBS is leveraging new technology to allow it to provide digital trade financing to more than 1,000 suppliers in logistics supply chain ecosystem within 24 hours
A senior DBS banker says the Singapore bank has embraced a client-focused digital ecosystem approach. Meanwhile, there appears to be trouble in paradise at a blockchain developer.
Cryptocurrencies' problem is they’re often backed by little more than hope and hype. Bridgecoin, however, says it’s about to change all that. CT looks at its mechanisms and challenges.
In China, where fintech is already ubiquitous, one company has set its sights on serving millions of SMEs neglected by the existing supply chain finance system.
BHP Billiton and Xiangguang Copper have transacted a first of a kind back-to-back electronic letter of credit over Bolero, shaving 20 days off a typical transaction.
ExxonMobil with BAML and China CITIC has driven the use of electronic bill of lading (eBL) in Asia with its shipment from Singapore to China via the essDOCS online platform.
RBS and Bank of China announced their first commodity transaction using the Bolero electronic trade finance platform, following deals executed by Japan’s Mizuho Bank in March and China CITIC Bank last November.