Tag: ICC
Paris, 28th May 2019. The International Chamber of Commerce (ICC) Banking Commission has today released a whitepaper urging the trade finance industry to work together to ensure that regulation does not hinder the availability of trade finance and remains relevant in a digital landscape. Regulation and compliance requirements, while well-meaning, have led to the exacerbation […]
TFG’s Deepesh Patel spoke to ICC Secretary General John W.H. Denton AO at Finastra’s World Trade Symposium last year.
Surecomp® announced today that it embraces and is fully equipped to support the G7 move towards digitisation, allowing companies to electronically transfer trade documents for increased efficiency and cost savings. The recent pledge from the G7 technology ministers – which has been welcomed by the ICC and further backed by the UK’s Law Commission who […]
Canada-based software provider Surecomp has today announced the expansion of its Trade Finance-as-a-Service (TFaaS) offering to enable smaller and mid-sized banks to improve their trade finance processing efficiencies and customer service. Committed to helping drive post-pandemic economic recovery and anticipated global trade finance growth, Surecomp’s new service offering allows banks to benefit from DOKA-NG – […]
Contour, the digital trade finance network, announces partnership with the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of Legal Entity Identifiers (LEIs) within its network, to financially support its members in obtaining their own LEI and to create a more transparent trading environment.
The International Chamber of Commerce (ICC) has announced forthcoming changes to the management of its Digital Standards Initiative (DSI). Oswald Kuyler, who has served as the managing director of the ICC’s flagship trade digitalisation initiative since September 2020, will step down from his current position effective as of 1 March. Kuyler will return to an […]
The International Chamber of Commerce (ICC) and the World Trade Organization (WTO) have today published the first-ever toolkit to help companies and government agencies adopt available standards to accelerate the digitalisation of trade processes. Drawing on stakeholder consultations through ICC’s Digital Standards Initiative (DSI) over the past year, the toolkit emphasises that one of the […]
The Berne Union, also known as the International Union of Credit and Investment Insurers, has announced the launch of a new Climate Working Group (CWG). The CWG will aim to support the integration of climate action in the export credit, trade finance, and political risk insurance industries. In a press statement, Berne Union said the […]
In 2020, ICC partnered with the Asian Development Bank and the Government of Singapore to launch Digital Standards Initiative (DSI). This initiative aimed to establish a globally harmonised, digitalised trade environment, in line with goals to foster inclusion and opportunity for those involved in international supply chains. Later on, the World Trade Organization and World Customs […]
Estimated reading time: 4 minutes An important milestone has been achieved in the global fight against fraud and duplicate financing with the live launch of the Trade Financing Validation Service provided by MonetaGo over the global SWIFT network. This is the first third-party service in trade, available through the SWIFT application programming interface (API) channel. […]
