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Fintech is moving mainstream as Standard Chartered announces successful letter of credit transaction between Vietnam and Thailand
Paperless trade is moving up the value chain as heavy-hitters such as Rio Tinto and Baosteel conduct the first paperless iron ore deal in renminbi
Standard Chartered has agreed to back the digital platform Contour - formerly Voltron - which has its eye on modernising the $18 trillion trade finance market
Banks in China have started using blockchain technology in trade finance for transactions totalling more than RMB100 million. Here is how it works.
Letters of credit may be a necessary evil that prolongs the trade process, but financial regulators in the two cities are pushing blockchain as a way to solve an old problem.
Long the tool of choice in trade finance, fewer companies are using a letter of credit for its traditional purpose – but don't expect LCs to disappear any time soon.