Inability of various technology platforms to communicate with each other securely and lack of scale are obstacles to greater digitization, say bankers.
In an industry first, the Singapore lender has completed a S$4.8 million trade finance settlement for Super Steel. There are now two more such deals in the pipeline
Audi Singapore and Premium Automobiles with DBS Bank completes first trade financing transaction, or letter of credit, on Singapore’s Networked Trade Platform
A letter of credit has been issued on the Voltron blockchain platform to facilitate trade of an “oil product” between a Thai supplier and its Singaporean subsidiary. CT takes a look at Voltron’s progress so far.
Blockchain's first trade financing between two banks saved its customer days on paper processing, as an LC was transferred between the Commonwealth Bank of Australia and Wells Fargo.