Category: News
Today, Enigio AB announced that its digital original documents solution, trace:original, is now accessible on Temenos Exchange. This integration allows banks and corporates to transition to a completely paperless operation for all their trade documents. The trace:original system facilitates the complete digital transformation of global trade documents and data. This enhances the speed, cost-effectiveness, security, […]
IXM S.A. (“IXM”) has successfully finalised and signed a $850 million revolving credit facility (“RCF” or “Facility”). This transaction, initially introduced at $700 million, attracted support from IXM’s banking partners and welcomed new banks. This led to an oversubscription, raising the total amount of the facility by over $200 million compared to the previous year. […]
Estimated reading time: 2 minutes Surecomp revealed that Commerzbank AG has opted to implement Surecomp’s DOKA-NG™ solution for back-office trade finance processing across various entities. This choice came after an extensive evaluation period, during which the bank recognised Surecomp for its notable market presence, widespread international customer base, and dedication to fostering a collaborative and […]
Finastra, a leading provider of financial software applications and marketplaces, alongside Tesselate, a consultancy and integrator for digital transformation, have announced the introduction of a comprehensive, ready-to-implement service aimed at simplifying and accelerating the digitalisation of trade finance. The service, named Tegula Trade Finance as a Service and underpinned by Finastra Trade Innovation and Corporate […]
Estimated reading time: 3 minutes The UK has established a partnership with Nigeria aimed at enhancing trade and investment, thereby opening new avenues for businesses in both nations. The newly formed Enhanced Trade and Investment Partnership (ETIP), marking the UK’s inaugural agreement of this kind with an African nation, seeks to expand the flourishing trade […]
Estimated reading time: 2 minutes The International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank have signed an agreement to enhance trade finance support for Uzbekistan’s private sector, with a focus on Small and Medium-sized Enterprises (SMEs). Through this agreement, ITFC will offer a financing line of US$ 10 million to Asia Alliance Bank, […]
Estimated reading time: 3 minutes The World Economic Forum is set to host the inaugural TradeTech Forum 2024, where 300 ministers, industry leaders, trade professionals, and representatives from civil society will discuss the integration of advanced technologies into trade. This event is scheduled for 27 February, coinciding with the 13th Ministerial Conference of the World […]
Today, Visa disclosed a seven-year partnership with Western Union. Through this new deal, Western Union clients will have the capability to transfer funds to their acquaintances and family members’ qualified Visa cards and bank accounts across 40 countries spanning five regions. The deal includes card issuance, the incorporation of Western Union with Visa Direct, and […]
Estimated reading time: 2 minutes Mitigram and Enigio have announced a partnership, aiming to enhance the international digital trade finance. This key alliance leverages Mitigram’s expertise in trade by providing access to a broad range of electronic trade documents that are legally compliant, making them available to all involved parties. With the recent endorsement of […]
Estimated reading time: 4 minutes On 13 March, the UK formalised a trade agreement with Texas to enhance trade and investment connections with Texas, marked by the visit of Texas Governor Greg Abbott to London, as celebrated by Business and Trade Secretary Kemi Badenoch. With its economy standing as the second-largest among US states, Texas […]
