Category: News
Estimated reading time: 3 minutes ESG focused digital maritime platform RightShip, has today, launched a new screening solution designed to support cargo traders, financiers and insurers to make swift, accurate decisions about vessel clearance, based on bespoke risk policies. A fully automated service, available 24-7, RightShip Screening gives an immediate pass or fail result on whether […]
Estimated reading time: 3 minutes Financial institutions are bullish on growth despite growing fears of a worldwide recession, according to new research from Swiss and Spanish stock exchanges operator SIX. The global Future of Finance Study, of c-level executives across 300 international financial institutions found that over two thirds of firms expect the economic outlook […]
Estimated reading time: 2 minutes Standard Chartered announced the launch of Trade Track-It, a one-stop digital trade transaction portal that offers its clients end-to-end visibility of their trade transaction status globally. Integrated with DHL’s tracking system and Lloyd’s List Intelligence’s vessel tracking system through application programming interface (API), the portal provides clients and their counterparties with […]
Estimated reading time: 2 minutes Artificial intelligence-based (AI) automation can relieve banks of heavy compliance responsibility, according to Conpend’s new whitepaper ‘Navigating the complex sanctions landscape: letting AI take the strain’. The paper puts forward the case for digital solutions to take on the sanctions strain, using AI and analytics to more effectively and efficiently […]
Estimated reading time: 2 minutes BNY Mellon, in collaboration with Aite-Novarica Group, today released a study examining commercial payment trends, finding that businesses are embracing a range of emerging digital tools such as real-time payments (RTP) and digital wallets. The report also found significant regional differences in channel usage. The adoption of instant payments is […]
Estimated reading time: 5 minutes Inflationary pressures, monetary tightening, energy crisis and supply chain disruptions are jeopardising corporates’ cash flows. But many governments decided to tackle the current situation by deploying some strong fiscal policies. Will these measures be enough to contain a high rise in insolvencies at both global and local levels? Allianz Trade, […]
Estimated reading time: 1 minute Crypto.com has made a clerical error mistakenly sending 320,000 in Ethereum (c.$416 million) to another cryptocurrency exchange, called Gate.io, about three weeks ago. According to Crypto.com CEO Kris Marszalek, the company was supposed to send the crypto to one of its cold or offline wallets but instead sent it to […]
Estimated reading time: 3 minutes On Tuesday, Maersk and IBM announced that TradeLens, their collaborative blockchain-based global trade platform, will be withdrawn from the market. The platform team will begin scaling back its offerings starting immediately, aiming to be fully decommissioned by the end of March 2023. This gradual scaling back is intended to help […]
Estimated reading time: 0 minutes Jiko, a financial network for storing and moving money, announces that it has traded over $1 billion in treasury bills since the summer 2022 launch of Jiko Money Storage. Jiko Money Storage provides on-demand liquidity by enabling programmatic investment in treasury bills, securely held at leading custody bank BNY Mellon. […]
Estimated reading time: 2 minutes Enigio’s trace:original is self-certified as an adopter of the Digital Container Shipping Association’s (DCSA) standard for e-bills of lading. Standards and interoperability are key factors to achieve efficient trade processes, as there are several parties involved in export or import transactions. Enigio’s trace:original is able to digitise any trade document, […]
