The HKMA has teamed up with 12 banks to use blockchain to build its new trade finance platform. How effective will it be at digitising cross-border payments?
If trade tensions do disappear from the picture, the world of trade finance will be quite different over the coming years. It may not necessarily involve blockchain platforms, but it will definitely involve more than ...
International trade sounds glamourous, but often entails enough paperwork to sink a battleship. CT speaks to Bolero which fixed the first electronic bill of lading for a Taiwanese shipper.
Trade financing – where financial institutions provide credit facilities to guarantee exchange of goods – is long overdue a blockchain overhaul. Standard Chartered and Siemens believe they’ve made the first step.
Cherry-picking corporate treasurers are causing problems for regional financial institutions which are losing wallet share to their more nimble counterparts.
According to the World Trade Organisation, it’s not just the US and China that are throwing up barricades. Treasurers need to be aware protectionism is on the rise everywhere.
Some of the world’s top companies – also including Roche, GE and others – join Swift’s global payment initiative pilot. But whether other “Swift corporates” will be able to go GPI-active remains to be seen.